Potential risks in construction:

1. Accidents (such as collision, fire, etc.)

2. Equipment damage /breakdowns.
3. Shortage of labors.
4. Late material and/or equipment deliveries.
5. Damage to material and/or plant shipments.
6. Damage to material and/or plant in handling.
7. Unanticipated site conditions.
8. Incomplete Design.
9. Design errors.
10. Incomplete and/or poorly detailed drawings
11. Injuries to third parties and workers.
12. Low productivity.
13. Price fluctuation (unexpected increases in material and/or equipment costs)
14. Increase of Labor costs.
15. Availability of building material and/or plant.
16. Foreign currency exchange rate fluctuation.
17. Changes in laws and regulations.
18. Adverse weather conditions (high speed wind, extreme temperature, heavy rain, etc.)
19. Theft of materials at site.
20. Inaccurate quantities
21. Change orders.
22. Subsurface geological and geotechnical conditions.
23. Natural disasters (flood, hurricane, and earthquake, etc.).
24. Change of top management.
25. Security issues (Vandalism, Terrorism, Corruption, Assaults, Negligence , and Intrusion)
26. Funding problem.
27. Delayed payment.
28. Rise in fuel prices.
29. Strike, Public disorder, and civil disobedience.
30. Labor disputes.
31. Difficulty to site access.
32. Damage to persons or property.
33. Defective work.
34. Insolvency of contractor or a subcontractor.
35. Cash flow problem.
36. Late drawings and instructions.
37. Delayed dispute resolution.
38. Wrong selection/approval of material and/or plant.
39. Lack of experience.
40. Lack of coordination / communication.
41. Local communities pose objections.
42. High inflation.
43. Tax rate increase.
44. Inadequate/wrong specifications.
45. Tight Project Schedule.
46. Staff turnover.
47. Key staff emergency/sick leave.
48. Lack of consistency between bill of quantities, drawings and specifications.
49. Not coordinated design (architectural, structural, mechanical, and electrical, etc.).
50. Internal management problems.
51. Wastage of materials and Pollution.

#. Types of risks Description of risk

1. Defective work.
2. Damage to material and/or equipment in
1. Construction risk handling.
3. Equipment damage /breakdowns.
4. Change orders.
1. Lack of coordination / communication.
2. Tight Project Schedule.
3. Estimating and/or scheduling errors.
2. Management risk
4. Internal management problems.
5. Change of top management.

3. Physical risk 1. Difficulty to site access.

2. Unanticipated site conditions.
3. Subsurface geological and geotechnical
 conditions.
1. Insolvency of contractor or a subcontractor.
2. Cash flow problem.
4. Financial risk
3. Delayed payment.
4. Funding problem.
1. Delayed dispute resolution.
2. Late material and/or equipment deliveries.
5. Procurement-Contractual risk
3. Damage to material and/or equipment
shipments.
1. Changes in laws and regulations.
6. Political-social risk 2. Strike, Public disorder, and civil disobedience.
3. Local communities pose objections.
1. Natural disasters (flood, hurricane, and
7. Environmental risk earthquake, etc.).
2. Wastage of materials and Pollution.
1. High inflation
2. Price fluctuation (unexpected increases in
material and/or equipment costs).
8. Economic risk 3. Foreign currency exchange rate fluctuation.
4. Tax rate increase.
5. Rise in fuel prices.
6. Increase of Labor costs.
1. Damage to persons or property.
2. Security issues (Vandalism, Terrorism,
Corruption, Assaults, Negligence , and
9. Health, Safety and Security risk Intrusion).
3. Theft of materials at site.
4. Accidents (such as collision, fire, etc.).
5. Injuries to third parties and workers.
10. Design risk 1. Incomplete Design.
2. Design errors.
3. Incomplete and/or poorly detailed drawings.
4. Inadequate/wrong specifications.
5. Late drawings and instructions.
6. Inaccurate quantities.
 7. Lack of consistency between bill of quantities,
drawings and specifications.
8. Not coordinated design (architectural,
structural, mechanical, and electrical, etc.).
1. Wrong selection/approval of material and/or
11. Material/Plant risk plant.
2. Availability of building material and/or plant.
1. Adverse weather conditions (high speed wind,
12. Weather risk
extreme temperature, heavy rain, etc.)
1. Labor disputes.
2. Staff turnover.
3. Key staff emergency/unplanned leave.
13. People risk
4. Lack of experience.
5. Low productivity.
6. Shortage of labors.