How To Mitigate Project Risk

Need a pre-construction consultation or second opinion? It’s never too early to identify and mitigate project risk.

When it comes to construction and development, the path to success is paved with careful planning, expert attention to detail, and meticulous management.  The complexities in every stage of the construction project need to be understood, including potential pitfalls and opportunities for efficiencies. This is why Ramar Group offers comprehensive Construction Advisory and Owner’s Representation Services. In this post, we will explore a diverse range of services and how they contribute to a seamless transition from pre-construction planning through to project completion.

Site Selection and Feasibility Studies: A successful development project starts with the right location and a thorough understanding of its potential (and limitations). The Ramar Group can play a pivotal role early in the development planning stage by providing you with a feasibility analysis to assist with site selection. Our team evaluates the suitability of a site, identifying opportunities and challenges such as environmental and geotechnical conditions, site grading, and site servicing. This allows for informed decision making and helps to determine the best possible use and construction methodology for development.

Pre-Construction Risk Management: Pre-construction is a critical phase where risks need to be identified and managed proactively. We ensure that potential hurdles are addressed before they become costly setbacks. Our team collaborates closely with clients, architects, engineers and trades to develop comprehensive risk management strategies. By understanding project-specific risks, we can implement proactive measures, such as thorough due diligence, project phasing, and contingency planning. This approach mitigates project risks, helps to establish accurate budgets, and ensures a smooth transition from pre-construction to construction.

Owner’s Representation and Construction Oversight: Once construction is underway, effective coordination and oversight are paramount to a project’s success. Ramar Group acts as your trusted Owner’s Representative, overseeing the construction process and acting as a liaison between stakeholders. We manage the complexities of the project, ensuring that contractors adhere to design and specifications, schedules are met, and quality standards are maintained. We ensure that the appropriate project controls are implemented to facilitate efficient communication, conflict resolution, and adherence to budgets. This provides the confidence you need to focus on your core business, trusting your project is in capable hands.

Post-Construction Support and Success: Our commitment to your project doesn’t end with the completion of construction. Our team provides post-construction support, offering guidance on operational considerations like property management and asset optimization. We assess the project’s performance, identify areas for improvement, and ensure that you achieve the intended outcomes and ROI.

A successful construction project requires a team of dedicated professionals who can guide you through every stage, from site selection through to post-construction. We’re here to help you maximize the potential of your development, mitigate risks, and achieve your project goals.