Effectively Manage Change
If commercial risks are properly identified, mitigated and/or avoided, projects have a much higher chance of success. From the bid phase through execution, owners and vendors are faced with constant challenges that may threaten a project’s success. Companies invest time and significant investment to attempt to protect their interests and ensure success in executing construction projects.
Every construction project faces some level of uncertainty and change. Successful projects effectively manage change, while unsuccessful projects are overwhelmed by change. Too often, organizations may decide simply to “get the project done” and deal with the commercial fallout later, however, this approach allows the root cause issues to continue, impacting project success while driving up costs and delays. When large capital projects fail, the consequences can be severe.
The Modus team of experts has significant experience and lessons learned to apply and assist owners, contractors, engineers and suppliers in managing commercial risks encountered on capital projects. Our consultants have provided all manner of commercial management services, from assessments of particular risks to day-to-day commercial management on large, complex projects. We tailor our approach to the company’s need and level of sophistication.
- The range of commercial management services we provides includes:
- Consulting before or during the bid phase to assess the contract’s structure, change management obligations and specific terms during to ensure the company has properly anticipated its particular risk level and monetized those risks at the outset
- Assessing processes and capabilities for change management to identify any potential gaps
- Developing processes and procedures necessary to ensure timely and effectively meeting obligations
- Developing a standardized methodology for commercial notification and correspondence
- Reviewing form documents to ensure preservation of contractual rights
- Consulting as requested on commercial correspondence, negotiation and dispute resolution