From corporate interior projects to offshore charging vessels, exposure and financial pressure will always remain a constant risk management factor. Because of a single error in the projects’ schedule, delays arise, often followed by claims. This chain reaction results in the project team unable to execute.
In order to avoid facing litigation, it is essential to cultivate a robust understanding of the contract liabilities and critical subordinate agreements at the start of the project. Whichever delivery method is selected depends on the appetite for exposure and the development of a strategic response.
“ABBOTT’S EXPERIENCED PROFESSIONALS EMPOWER PROJECT TEAMS TO INCORPORATE AND EXECUITE RESPONSIVE DESCISIONS INTO COMMERICAL COMMITMENTS AND IMPLEMENT A MANAGEMENT PLAN FOR ROUTINE ASSESSMENT AND REPORTING THROUGHOUT THE TRANSACTION COMPLETION.”
Fully understanding the components of risk involved makes determining priorities a much more straightforward process, therefore enhancing all income opportunities.
AS TRANSACTIONS MATURE OVER TIME, CERTAIN CONDITIONS MAY CHANGE, WHICH MUST BE CONTINUALLY EVALUATED AND ANALYZED.
Major projects often get hung up by delays, poor planning, and challenges within the supply chain. These setbacks may cause the project team to attempt to accelerate procurement and construction phases beyond their optimal activity durations, resulting in additional labor, equipment, material, and contractor costs.
Effective management of complex projects relies on accurately determining and analyzing all potential exposure. Our team employs a disciplined and repeatable process to identify, assess, manage, retire, and preserve the transactions’ success outcome through contingency management techniques. By implementing our proven strategies and experience, Abbott safeguards each client with accurate exposure mapping, healthy transactions, and next-generation risk management and mitigation