The aim is to collect general risk information and to track the changes to the risk profile in the tender period from market release to contract signing and then record any occurrence of risk in the construction period.
Recommended sources: business case, risk analysis document, risk matrix, cost benchmark, contract terms, contract schedules.
Timing of data input: At market release and updated at contract signing and following commissioning.
Issue: timing of recording of the risk data is important. Risk data should be available and input prior to the release of the tender documents to the market. It may occur, that following negotiations with the successful Tenderer, some risk positions may vary from the original position. In this case it would be important to record the final risk position in the table and make comments in the space provided.
Issue: there are many different interpretations of risk categories. The table generalises the risk into very broad categories. This is why adding comments by way of explanation will be very useful to future analysis.
Issue: the risk categories in a PPP project may be more detailed and therefore general assessments will be required. If necessary change the risk descriptions.
Issue: risk categories, apportionment and $s may not be available for all the categories listed for a Traditional project. Consider the make up of the contingency amounts or consult the quantity surveyors report for some risk information.
Issue: for PPP projects only the risk categories will extend to risks that may occur during the operational period of the infrastructure.
Issue: for PPP projects a retained risk amount will have been identified for the project and following commissioning it may be possible to identify if any risks occurred during construction for which the State had to use the retained risk allowance. Likewise for Traditional projects the extent that any contingency or risk allowance was utilised should be noted.