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Risk factors in construction

The traditional market orientation in construction is to position your enterprise into an attractive market segment, breaking entry barriers, based on careful market analysis.

Resource orientation means that:

  • Strategic success is based on long-term enterprise resources;
  • Resource benefits need to be protected and used in the long term for their own benefit and for the benefit of the customer;
  • supply diversification is based on resource advantages;
  • resource benefits, diversified supply, and market success.

Construction activities result in the following specific risk factors:

  • unique nature of construction projects (single production);
  • Capital investment intensity (large volumes per unit of time)
  • Continuous zeitnot from project order to delivery
  • Manage many heterogeneous areas (participants, phases, structures, etc.)
  • Integration (complexity) of hardware;
  • Changing forms of conditions and contracts;
  • life-cycle responsibility for the construction facility;
  • long project life.

For project-oriented construction enterprises, there are additional risk factors:

  • features of the facility (micro and macro position, building permit, building ground, etc.);
  • external conditions (natural disasters, weather events, socio-political problems, etc.)
  • market fluctuations and structural crisis.