construction procurement

Construction Risks
(Quoted from a Study by the National Economic Development Office, London)

The construction risks can be broadly grouped under the following categories: 

Technical Risks
Incomplete design.
Inadequate site investigation.
Uncertainty over the source and availability of materials.
Appropriateness of specifications.
Logistical Risks
Availability of resources - particularly construction equipments, spare parts, fuel and labor.
Availability of sufficient transportation facilities.
Construction Risks
Uncertain productivity of resources.
Weather and seasonal implications.
Industrial relations problems.
Financial Risks
Inflation.
Availability and fluctuation in foreign exchange.
Delay in Payment.
Repatriation of funds.
Local taxes.
Political Risks
Constraints on the  availability and employment of expatriate staff.
Customs and import restrictions and procedures.
Difficulties in disposing of plant and equipment.
Insistence on use of local firms and agents.