As Pace Risk Consultancy, we are aware that infrastructure development activities play a critical role in today's global economy, with hundreds of billions of dollars in investments, maintenance and repair work each year in the areas of transportation, energy, port and terminal operations.
While government agencies rely on private sector partnerships to finance infrastructure projects, all stakeholders, developers, contractors, financial institutions, accounting and legal firms, and consulting firms are involved throughout the project lifecycle, with varying responsibilities and risk profiles, from proposal preparation through pre-construction planning, implementation, operation, and sustainable management.
Pace Risk Consulting understands the unique risk tolerances of public authorities, equity investors, lenders, and all stakeholders in the construction industry. From the financing stage onward, we develop strategies that mitigate the volatility of project-specific risks and increase reliability.
We identify emerging risks encountered at every stage of the project lifecycle, planning, design, construction, and operation and deliver effective risk mitigation and asset management solutions through in-depth analysis.
Our experts helps you maximize your capital efficiency by supporting you in maintaining asset performance, minimizing revenue fluctuations, and strengthening resilience to natural hazards.
Yes; because the scale and nature of the project affect contract terms, it's essential to plan the insurance structure from the outset. As Pace Risk Consulting, we step in early to negotiate requirements, establish appropriate coverage, and support risk management throughout the project lifecycle.
It generally covers third-party liability, physical losses arising from natural disasters or man-made events, and, for privately financed projects, physical damage delays and professional liability arising from design and engineering. Additionally, special weather or subcontractor-related solutions can be designed. Because scope varies by project, Pace Risk Consulting tailors a program to meet specific needs.
Supply chain disruptions, adverse weather conditions, labor disputes, and objections to decision-making processes can lead to delays and increased costs; effective risk management plans mitigate these impacts. Pace Risk Consulting strengthens the financial and operational stability of projects through proactive strategy development, claims processes and recovery support.
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