II. The Context of Risk
The word ‘risk’ is used in everyday speech in a variety of ways, but here it is necessary…
Risk = Hazard Probability x Consequences…
Risk, therefore, is a probability; it can be expressed qualitatively or quantitatively.…
The allocation of risk, including ground risk, is an important part of construction…
“…. physical obstructions or physical conditions other than climatic conditions, encountered on the Site during the performance of the Works, which obstructions or conditions were not reasonably foreseeable by an experienced contractor and which the Contractor immediately notified to the Employer…
From an engineering geological perspective, risk can be divided into two interrelated…
1. Health, safety and environmental risks – to workers, the public and projects.…
2. Technical and commercial risks – the ground, materials used, construction methods,…
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