Conditions of Contract to Manage Risk in Construction Projects
Table of contents
00:00 Recap of the previous lecture
05:40 Introduction to the session on Estimating Risk, Prequalification, Bid Evaluation and Award of Job
05:55 Need for apple to apple comparison of a bid
07:30 Definition of Risk with practical examples
08:40 Practical risk identification in civil engineering projects
11:00 Typical risk in a construction project
16:20 Ways by which risk can be managed in construction practice
19:50 Insurance policy for every day
21:05 Need and Types of Insurance policy for construction contractors in India
24:40 Technical aspects of risk
29:10 Human factors in accentuating risk in a construction project
in this lecture, different types of risks that are encountered in the execution of a contract are considered with the risk mitigation techniques that can be adopted.
Do remember to watch the next video on the different aspects that make up the conditions of the contract found in • Tendering Process in Construction Industry...
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