Network LookOut Administrator Professional 5.1.2 instal

Secondly, the importance of risk management evaluated. In the first section, characteristics of construction industry defined in detail. This study consists of two main sections. Construction insurance, surety bonds, contracts and subcontracting are the main affective solutions for the risk management. Because of this, risk management is very important in construction. Unpredictable site conditions and demand volatility bring high level of risk.

Because of this, demand for a construction project is volatile. Construction projects usually executed over a long period and have large budgets. Weather conditions constitute the most important and unpredictable handicap for the production process of construction. Site conditions in a construction project can be unpredictable and unexpected natural events can negatively affect construction programs and schedules.

Construction industry have several different sectors producing heterogeneous products, which are immobile, unique, heavy and large, complex, durable and costly.

Network LookOut Administrator Professional 5.1.2 instal