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Design-build risk abounds, but can be mitigated

from Construction DIVE

"There is no such thing as risk." That was the message delivered by Grant Holland of Mott MacDonald at the recent annual Design-Build Institute of America conference in New Orleans. "You cannot quantify, in definitive terms, a particular risk on a project. Every stakeholder has a different view of that risk, they value it differently and they price it differently." Instead, the vice president of the United Kingdom-based consultancy's advisory practice told attendees, "a risk profile is in the eye of the beholder." In his 25 years of working on U.S. state department of transportation design-build projects, Holland said he’s seen models change from being focused on "risk transfer" to "risk mitigation." more

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