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For complex construction projects, planning is the key



Good planning, coordination and use of updated technologies are essential elements in the risk management of super-tall buildings, experts say.

Brandon Perry, architects and engineers of large corporate program manager for Victor Inc., based in Bethesda, Maryland, said tall buildings do not generate a proportionately larger number of claims.

This is because "they are generally highly constructed projects, where the contractors who build them also have a high degree of skill", as well as being selection projects with sophisticated owners, Perry said.

"Obviously, good planning is essential between the design team and the construction team to ensure they are locked in to take into account" environmental or weather-related risks, "said Tom Grandmaison, Boston-based real estate manager for Aon PLC's construction practices.

In addition, there should be "every step of the way" documentation so that in the event of a dispute, "the procurement team is prepared to defend the work they did," he said.

Rob McDonough, New York-based U.S. construction manager for Marsh LLC said, "Probably the biggest positive way to ensure a project's success is planning the design and use of more computer-enhanced technology and pre-design. This is something we see all the leading contractors and developers doing."

"The key to success is to make sure you are surrounded by the right people with the skills to give good advice based on actual experience, "says Erik Davis, Los Angeles ̵

1; based CEO, Construction Practice, for RT Specialty LLC. "You want to make sure you hire the right team at all levels, whether it's contractors, professionals, risk management staff or anyone else involved in the project."

"As projects become more complex, the technologies and systems used in risk management are also developed, using things like web-enabled remote surveys and drones", Clive Trencher, senior risk consultant with Allianz Global Corporate & Specialty Co. in London, said in an email.

AI and algorithms can become important in managing design risks, he said.

Mr. Davis said brokers look for information "to show that this particular risk is a strong risk, and this is often based on the strength of the architects, engineers and general contractors" and "the experience the developer has in handling a project of this size." [19659011]
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