Collaborating with Trett Consulting, ResoLex provides Capital Projects Risk Mitigation to clients setting up, investing in or operating capital facilities through a project process.
Using ResoLex's Neutral Risk Monitoring, Trett Consulting's commercial and contractual risk and programme experts service, Capital Projects Risk Mitigation identifies and mitigates commercial risk at any stage in the life of a capital project. From initial opportunity appraisal and prequalification to tendering and project inception, through construction, handover and refinancing to asset operation and exit strategies.
Capital Projects Risk Mitigation equips clients with the necessary qualitative risk profiling to close the right deals with the right team. It helps achieve equitable risk transfer and value for money and maximise the return on investment.
From ResoLex’s Neutral Risk Monitoring and qualitative analysis of risks and liabilities collated in a strategic risk register, mitigation plans supported by Trett Consulting's specialist commercial management, contractual risk and programme expertise are formulated with the project team that are capable of mitigating risks throughout the duration of the project.
Through its qualitative process, Capital Projects Risk Mitigation analyses information on risk transfer from the existing team and external stakeholders to determine both the probability of occurrence and the likely impact of risks on project outcomes. It reduces costs by qualitatively testing risks through stakeholder engagement. It protects the capital value by avoiding and reducing the incidence and impact of disputes.
Working behind the scenes, Capital Projects Risk Mitigation provides early identification and mitigation of commercial risk. Its qualitative risk profiling
- Reduces uncertainty
- Saves time and costs in tendering
- Improves accuracy of pricing at pre-qualification
- Improves decision-making
- Enhances scoring for preferred bidders
- Supports achievement of planned handover timetable for the asset
- Reduces disputes during the operational phase
- Supports testing of options for exit strategies
Clients who use Capital Projects Risk Mitigation are investment banks, project funders, developers, contractors, designers, sub-contractors, outsourcing providers, operators, facilities managers, government and public bodies including local authorities.