Do stadium projects present a unique set of challenges from a risk management standpoint? We say yes, and for many reasons. First, the pressure is on: The world is watching and firm completion dates are set. Next: Local communities and the state are looking to these facilities to boost their economies and improve life in surrounding neighborhoods. These reasons and others render common risks such as construction delays and cost overruns especially problematic, and they can lead to design and construction errors. This session brings together construction and insurance experts to offer practical approaches and legal insights to efficient and effective risk mitigation for these high exposure projects. Experts will explore contract drafting, negotiations and mitigations before shovel hits the ground, along with insurance coverages/coverage-maximizing strategies and crisis management to deal with worst-case scenarios.
Upon completion of this session, participants will be able to:
- Determine the types of delivery structures that make sense, and what major considerations need to be made in choosing a delivery method.
- Understand methods to mitigate, avoid and manage risks by engaging the community and political leaders as stakeholders in the success of your project.
- Navigate the unexpected challenges that occur when building a small city within an existing community.