Risk Management for Construction Projects

Colorado Construction Project Risk Management Lawyers

The process of design and construction involves unavoidable risks. These risks can range from design issues to specific performance of contract conditions. At the Construction Law Group at Lee & Associates, LLC our firm takes a proactive approach to risk management for our clients. We seek to identify problems early so that we can intervene when necessary to avoid losses due to potential risks. Because we understand the construction industry, we can assist in allocating the risks in the most appropriate manner for a specific project. Our firm represents clients in the Denver, Colorado, area and throughout the United States.

Types of Construction Project Risk Management

Risk management is a concept that includes methods of project delivery, appropriate allocation of risk and insurance / surety requirements. Risk can never be completely eliminated, but it can be managed or controlled. It is our philosophy that risk should be assigned to the party that is in the best position to manage, direct, and control it. Our firm assigns and allocates risk during the contract drafting process. We minimize risk by making sure insurance requirements are met and that performance and payment bond issues are covered.

Throughout the construction process, our attorneys will look for and identify potential problems and risks as they arise and recommend contingencies or prepare documents to protect our clients from these risks. By identifying risk management and allocation issues early, we are able to prevent unnecessary expenses and delays for our clients.

We speak your language

At the Construction Law Group, we devote our time to advising clients about the ways the law applies to their unique situation. Through our design and construction backgrounds, we have prepared ourselves to represent our design and construction clients without the need for them to educate us on the fundamentals of architecture, engineering, or construction. Instead, we spend our clients' time and ours solving their problems. We understand design and construction and are able to present solutions that make sense for our clients' specific needs. Contact our office by phone at 303.291.0733 to arrange for your confidential consultation.