At the end of the day, the financial success of a project is heavily determined by its risk mitigation. One of the ways a good project manager controls this is by establishing strong contract terms, both for Consultants and Contractors that protect our Clients against any potential issues in the development of the design and construction. The higher risks transferred to the Consultants/Contractors eventually translate into higher pricing. The key here is writing fair albeit tough contracts, while making sure that standard precautions are taken. Tough but unfair contracts will turn consultants or contractors away thus affecting quality. Thus a proper balance must always be struck. Development of these terms will be done in concert with our Clients’ legal counsel and QS Consultant if/as required. Our Risk Mitigation strategies are tried and tested from all around the world and can be tailored to suit individual Clients or any specific project needs.
Needless to say, the competence to mitigate risk as a Project Manager is the next most important attribute that RPM holds true to.