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Project management, execution and design risks
Strukton usually carries out work for third parties on a project basis. The complexity and size of the work and hence of the engagement can vary substantially. In keeping with the company’s strategy, business units regularly compete for complex projects, accepting both execution risks and design risks.
Depending in part on the form of contract, inaccurate estimates can lead to losses and negative cash flows. Strukton therefore attaches great importance to the systematic observance of procedures during both the acquisition phase and during execution. Design risks are mitigated by means of third-party reviews. Insurance has been contracted for design errors.
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