The TL focuses on addressing risks in Construction projects arising from volatility in prices of commodities. It discusses various practices and gives an view on what factors need to be considered for addressing the risk as per the profile of the Project.
In the current scenario of dynamic geo-political situations and changes in macro-economic factors, we are witnessing high levels of price volatility of key materials like steel, crude oil, cement etc. which impacts Construction projects either with cost overruns or in the form of claims and disputes.
This report discusses various approaches and elements which require to be customized for adopting the mitigation measures.
