Legal Risk Management for the Flaggs †Free Samples for Students

Question: Discuss About the Legal Risk Management for the Flaggs? Answer: Introducation The construction industry is full of many risks which are experienced when the decision of construction is made (Atkin, Borgbrant Josephson, 2003). Different parties such as the architect, the owner and the contractor are in charge of different decisions which are made in the construction industry. The pre-construction and the construction industries are key the major areas where the risks are able to happen each day the activities are underway. The availability of the risks is every project is a common norm and Faggs Mitre 10 project is not an exception to the existence of the risks. For this project, Fagg Bros Pty Ltd, P. J. O'Reilly Associates and Lyons construction are the key parties who are able to handle the different risks for the project. Moreover, these parties are able to act at different capacities and this means that the parties are charged to be responsible for the different risks in the project (Lingard, H., Rowlinson, 2005). For the past few decades, the innovation and growth in the construction industry has led to a high increase of the risks, which are involved (Engineers, 2006 and National Research Council (U.S.), 2009). The projects in the construction are becoming more complex and uncertainties are increasing each day. This has given rise and increase of the risk management within the construction industry. The increase and complexity of the Faggs Mitre 10 project is complex enough to lead to the increase of these risks. The need to resolve them is key to ensure that the different parties are able to execute their responsibilities well. The risk management process is therefore a key process for this project to ensure that the execution is done and completed on time (Edwards, 2009). Failure to the address of the risks, the projects face the risk of being closed up. Coordination of all these parties is key in ensuring that the project is a success and the mitigation of the risks is achieved at any given time. This paper will be able to ana lyze the different risks which the Feggs Mitre 10 project. In addition, the paper will be able to analyze the key parties who are responsible to resolving these risks (Manseau Shields, 2005). Moreover, the paper will analyzed the key dispute resolution measure which the parties can be able to apply when resolving these risks. At the pre-construction phase, one of the key risk which projects ate able to face is the delay in the approval of the designs and other drawings. The design approval must be done before the construction of the projects is able to start (Li, Poon, Proske, 2013). The architect, P. J. O'Reilly Associates should be able to conduct the authorities who are responsible to the approval of the Feggs Mitre 10 project to ensure that the are approved for construction. Due to the failure to have this process, the construction phase where the contractor is expected to undertake the activities will be unable to begin (Hughes Ferrett, (2016). These documents are able to provide the quality of the project since the authorities must be able to make sure that they are able to meet different specifications. The drawings and other documents approval are key for this project. The Feggs Mitre 10 project has several categories of the projects which must be analyzed and approved by the authorities. Moreo ver, the architect, P. J. O'Reilly Associates is the best party who is responsible for making sure that the designs and other documents are approved. After the design, the failure for the timely submission and approval must be met. The different drawing for Feggs Mitre 10 projects is able to address different aspects of the project. The projects must be analyzed and be approved by the authorities. The P. J. O'Reilly Associates should be able to follow up and make sure that these documents are approved and issue them to the contractor. When delay on the approval occurs, P. J. O'Reilly Associates can be able to hold meeting with the authorities to ensure that the documents are provided on time. This will ensure that the project is able to begin on time and the planning is efficient with all relevant materials. In addition, in order to start this project at high note, the key parties must be able to coordinate well (Wu, 2011). The Feggs Mitre 10 project has several key parties who need to coordinate well in order to achieve the required completion goal (Burtonshaw-Gunn, 2017). In many cases, the different parties is a project may have different vies which may lead to their un-satisfaction with others. This may cause rift among the parties and therefore be able to lead to the ineffective project execution. The Feggs Mitre 10 project has key parties who include the client, Fegg Bros Pty Ltd, the architect, P. J. O'Reilly Associates and the contractor, Lyons construction. This early misunderstanding may prove to be critical to the project implementation. This may lead to increase of confrontations and arguments on the way to execute the project on any given time (Construction Industry Publications, Ltd, Construction Confederation, 1999). This may take time and therefore be able to lead to wo rk delays. Project of the magnitude of Feggs Mitre 10 project require proper coordination where all parties are able to speak with one voice. This will ensure that the project is well implemented. In order to resolve this risk, the client, Fegg Bros Pty Ltd is the best party who is able to resolve the lack of coordination between the parties. Since all the other parties have contract and agreements with the client, he is able to resolve the different issues of coordinate which are in the project. In addition, P. J. O'Reilly Associates is also able to act on behave of the client in order to resolve these issues. As a client representative, can hold meeting will all the available clients in order to be able to resolve the coordination issues. This will be the best dispute resolution measure which can be applied to ensure that the progress of the planning of the project is not affected. Another key risk, which is found on the pre-construction phase, is the errors, omissions and discrepancies in the designs. The designs are key part of the planning stages and any problems on them can lead to the stalling of the project (ztas And kmen, 2005). The Feggs Mitre 10 project has several key designs which need to be used in order to accomplish different activities. When these problems are learnt early, the redesign and analysis of the designs must be done to ensure that the project meet the specific provisions (Lingard Rowlinson, 2005). The Feggs Mitre 10 project is a key project which involve detailed designs according to the different drawings presented. The architect, P. J. O'Reilly Associates is the party who is able to resolve these problems in the designs. The architects are the experts who can be able to look at the designs and be able to identify any issues. Moreover, v can use dialogue between the client and the other parties in order to be able to resolve the des ign problems and enhance the planning. In addition, during the construction phase, many risks are also experienced and noticed. One of the key reason, which can be experienced in the process, is the cost overruns. The changes in the different parameters are able to lead to the cost overruns in a projects. This happens when the contractor was able to mention the full lump sum for the costs and thus unable to enhance the project construction (Bunni, 2011). The Feggs Mitre 10 project is able to address this risk by providing and estimate of the cost of project. The project is given a range, which the project must be able to achieve its mandate. Te feggs Mitre 10 project is estimated to cost between $5 million and $10 million. This range is able to show that the project cost may go with project. The contractor, Lyons contractor and the architect, P. J. O'Reilly Associates are in the pole position in the resolving of this risk. In terms of the dispute resolution, the architect may use the different details and ensure that all parties are moving in one direction. Moreover, the projects are estimated to take certain timeline. The violation of the deadline is highly discouraged in the projects and this required proper analysis (Smith, Merna Jobling, 2014). The delay on the completion is able to attract many more expenses therefore making the project costly. The contractor, Lyons construction and the architect, P. J. O'Reilly Associates are the key parties who are able to resolve this problem. The architect, P. J. O'Reilly Associates can be able to analyze the reasons for the untimely project construction. In order to resolve this problem, P. J. O'Reilly Associates can call a meeting and ensure that the different timely activities are executed on time. Dialogue and meeting are key in ensuring that the risks in this sector are fully resolved. In addition, during the construction phase, the adversarial relationships are key to ensure that the projected is executed within the deadline (Institution of Civil Engineers (Great Britain), 2006 and Osipova, Apleberger, 2007). As the number of parties in a construction site increase, the adversarial communication is able to decrease. This cause the lack of communication which may lead to lack of well flow of the information which is meant for construction. The resolving of the adversarial relationship is key for the Feggs Mitre 10 project. This will ensure that the timely completion is achieved according to the requirement. The client, Fegg Bros Pty Ltd and the architect, P. J. O'Reilly Associates are key parties who can help to resolve this issue. In order to attain the required results, P. J. O'Reilly Associates can use the meeting at site to ensure that the relationships between the different parties are enhanced (Ludhra, 2015). This is an important dispute resolution mechani sm which can be used to ensure that the different parties are able to pass the information to other parties in the industry. In conclusion, the risks in both the pre-construction and construction phases are key in enhancing the projects completion. Moreover, for Feggs Mitre 10, the resolution is able to show that the project need a strong resolution mechanisms. The increase and complexity of the Fegg Mitre 10 project is key to ensure that the different personnel meet their targets. Dialogue and meeting are some of the key dispute resolution mechanisms which is able to consider their movement. the analysis of the risks and their issues is able extend the construction project and ensure timely completion. References ATKIN, B., BORGBRANT, J., JOSEPHSON, P.-E. (2003). Construction process improvement. Oxford, Blackwell Science. https://public.eblib.com/choice/publicfullrecord.aspx?p=351032. BUNNI, N. G. (2011). Risk and insurance in construction. London, Spon Press. BURTONSHAW-GUNN, S. A. (2017). Risk and Financial Management in Construction. https://lib.myilibrary.com?id=997116. CONSTRUCTION INDUSTRY PUBLICATIONS, LTD, CONSTRUCTION CONFEDERATION. (1999). Risk assessment in construction guide. 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