Constructive view

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      <subfield code="a">[Sydney]</subfield>
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      <subfield code="a">Construction projects like any other risk requires a balance of risk control and risk transfer as part of ongoing risk management exercises and it is how contractors, developers and owners decide to balance these two elements that often determines how successful a project will be. Risk control methods such as quality control, subcontractor management, site security and safety are heavily utilised by the industry but such measures cannot completely remove risk from a project. Risk managers therefore generally elect to transfer the remaining risks with the insurance market being the principal method utilised for risk transfer.</subfield>
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