View source for Risk Profile in General Contracting

===The contract===
The general contractor takes many risk areas from the owner, since the responsibility for the entire execution of the project lays on the contractor. It is therefore important to have a clear risk profile where the risks are clearly identified and assessed. The management team should have a good understanding of the companies risk profile. This is so they can join the strategic work and take risk-informed decisions.<ref name="Fraser"> Fraser J (2010) ENTERPRISE RISK MANAGEMENT. John Wiley & Sons, Hoboken</ref>
This is an industry with a lot of competition in the tendering phase. It is therefore crucial that the general contractor knows what he is doing. 
To avoid too many risk threats it is important for the contractor to analyze his risk profile and his capacity to handle risks.<ref name="Contract">Surety Learn (2014) A Quick Introduction to Construction Risks and Contracting Practices, http://suretylearn.org/ (25.09.2015)</ref>

*Do the firm have the right experience for this kind of work? 

*Is there enough experience with this kind of complexity? 

*Will the potential profit equalize the project risks?<ref name="Stang">STRANG W (2002)THE RISK IN CM “AT-RISK”  Available from: https://cmaanet.org/files/risk_in_cm_at_risk.pdf (28.09.2015)</ref>

*Does the company have a good understanding of what external events that has happen earlier.<ref name="Fraser"> Fraser J (2010) ENTERPRISE RISK MANAGEMENT. John Wiley & Sons, Hoboken</ref> 
*Have the company worked with the client before? 

*Does the client have a staff that is good at problem resolving? 

*Are the Design team known for its work? 

*Have they design anything similar before? 

*Is everything with the payment in place? 

*Do the company know the sub-contractors? 

*Have the company med the sub-contractors needs? 

*Has there been an adequate pre-bid and subsurface investigation?

*Are any environmental permits necessary?<ref name="Stang">STRANG W (2002)THE RISK IN CM “AT-RISK”  Available from: https://cmaanet.org/files/risk_in_cm_at_risk.pdf (28.09.2015)</ref>

These are just some of the questions the general contractor must look at before signing a contract. It is therefore very important that the management team is very clear on the companies risk profile and their risk tolerance.<ref name="Contract">Surety Learn (2014) A Quick Introduction to Construction Risks and Contracting Practices, http://suretylearn.org/ (25.09.2015)</ref> 
A way to do this is by interviewing the stakeholder to make sure the risk profile to the different parties are is in the company’s interest.<ref name="Fraser"> Fraser J (2010) ENTERPRISE RISK MANAGEMENT. John Wiley & Sons, Hoboken</ref>)