ORMOC Builders Association (Orba) conducted a Construction Risk Management Seminar for both developers and contractors. Invited to speak in the event is Engr. Alberto A. Ignacio Jr., VP-Operations of First Balfour Inc., a company of the Lopez Group.
Engr. Ignacio talked about the risks in various stages of construction and pointed out the importance of safety, insurance and contracts to avoid future problems. He said it is important for both contractor and the client to agree on salient points of the project before the start of implementation.
He cited actual examples of contractors’ failure to respond to risks that resulted to financial losses as a result of work stoppage. On the other hand, a contractor that is able to prepare and respond to risks will gain a good reputation in the market and will entice more clients and projects, he said.
Orba President Engr. Joseph Frederick A. Pepito described the things they learned as very helpful. He adds that with the seminar on Construction Risk Management, which is actually a course in Civil Engineering, local contractors are now guided on the risks involved in project implementation brought about by lack of understanding with their clients.
(West Leyte Weekly Express issue of Apr. 18-24, 2011)
No comments:
Post a Comment