Residual risk in building development - Revision history

Designing Buildings at 07:01, 8 October 2021

2021-10-08T07:01:54Z

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	Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.		Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	[https://www.gov.uk/government/publications/project-delivery-functional-standard Government Functional Standard, GovS 002: Project delivery; portfolio, programme and project management, Version: 2.0], published on 15 July 2021 by HM Government, defines a residual risk as: ‘The risk remaining after the risk response has been applied.’
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		+	= Related articles on Designing Buildings =

	* Contingency plan.		* Contingency plan.

Designing Buildings at 10:38, 20 September 2021

2021-09-20T10:38:33Z

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	Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.		Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.
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	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Designing Buildings at 10:15, 20 July 2021

2021-07-20T10:15:30Z

← Older revision		Revision as of 10:15, 20 July 2021
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	Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.		Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.
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Designing Buildings at 06:14, 13 October 2020

2020-10-13T06:14:22Z

← Older revision		Revision as of 06:14, 13 October 2020
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	Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.		Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
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−	=== Related articles on Designing Buildings Wiki ===	+

	* Contingency plan.		* Contingency plan.
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	* Types of risk in construction projects.		* Types of risk in construction projects.

−	[[Category:Client_procedures]] [[Category:Construction_management]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Client_procedures]] [[Category:Construction_management]] [[Category:Procurement]]

Designing Buildings: moved Residual risk to Residual risk in building development

2018-02-06T15:47:02Z

moved Residual risk to Residual risk in building development

← Older revision

Revision as of 15:47, 6 February 2018

Designing Buildings: Created page with "The development of buildings is carried out in several phases, all involving hazard, uncertainty and risk. Risks which may occur on construction projects can sometimes be designe..."

2018-01-02T11:44:28Z

Created page with "The development of buildings is carried out in several phases, all involving hazard, uncertainty and risk. Risks which may occur on construction projects can sometimes be designe..."

New page

The development of buildings is carried out in several phases, all involving hazard, uncertainty and risk. Risks which may occur on construction projects can sometimes be designed out or avoided. Remaining risks may be:

* Transferred to the contractor.
* Shared by the employer and contractor.
* Retained by the employer.

According to NRM2: Detailed measurement for building works, the term ‘residual risk’, or ‘retained risk’ refers to risks retained by the employer, that is, unexpected expenditure arising from risks that materialise, which are retained by the employer rather than being transferred to the contractor.

The employer may ask the contractor to provide a price for taking on a risk themselves before deciding to retain a risk.

Residual risks retained and managed by the employer or their project team are described as the employer’s residual risk exposure. Risk allowances should be included in cost plan to provide for this exposure.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Contingency plan.
* Design risk management.
* NRM2.
* Project manager.
* Project risk.
* Risk feedback.
* Risk in building design and construction.
* Risk register.
* Risk.
* Types of risk in construction projects.

[[Category:Client_procedures]] [[Category:Construction_management]] [[Category:Procurement]]