With the expected boom in U.S. offshore wind construction, all project participants should consider and adopt risk management approaches that enhance planning and coordination among the participants before and during construction.
These approaches help avoid or at least mitigate friction and problems among the participants that drive up costs and cause delays and lead to claims and disputes.
This article highlights four practical risk management approaches that help all parties focus on their mutual interest in close coordination and clear communication at the beginning of the project as well as throughout performance:
