Offshore Wind Project Risk Mitigation

With the anticipated increase in offshore wind development in the United States, all project team members should take into account mitigation measures that improve planning and coordination between parties.

These tactics assist in avoiding or at least mitigating friction and issues among participants, which drive up costs, slow things down, and result in legal disputes.

These strategies are not intended to shift legal obligations or consequences. On the contrary, the goal is to keep project workers and stakeholders focused on how to tackle real difficulties appropriately to avoid or mitigate their effects.

1. Timely scheduling

The timetable is a vital management instrument in construction for planning and coordinating work and avoiding delays. A well-prepared schedule informs all project stakeholders of what others demand of them and what they should plan for and anticipate from other contributors.

A well-drafted baseline schedule that is routinely and precisely updated throughout the construction process will decrease the possibility of problematic claims. It also makes serious disputes regarding delays quicker to address.

The contracting parties’ level of participation in the schedule may differ. Nonetheless, the EPC contractor will have the most precise baseline timetable and the highest critical timeline update duties.

2. Documentation and communication for the project

Aside from schedule information, there is a lot of written text and paperwork on offshore wind development. This is required to sustain the real-time circulation of essential information needed for the seamless execution of construction.

It is critical to evaluate the conditions of your agreement while producing project communications or documents. Structure your communication in accordance with your duties and privileges, and use language following your contract.

3. Real-time conflict resolution

All project participants should share a common interest in the possibility of real-time dispute resolution procedures that let the stakeholders instantly settle on the project scale.

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