Highlighting issues related to risk management for tunneling and underground construction projects
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TBM's Risk Management Newsletter
Risk Management in Underground Construction
 
A monthly newsletter by TBM: Tunnel Business Magazine highlighting issues related to risk management for tunneling and underground construction projects.
 
 
 
Managing Project Risk on the Eurasia Tunnel
 

Managing Project Risk on the Eurasia Tunnel

Istanbul’s variable geology, hydrology and propensity for seismic activity, combined with high water pressure and large-diameter/double-deck tunnel configuration, make the Eurasia Tunnel one of today’s most challenging and complex projects worldwide.

 

In order to minimize the project risk exposure and meet employer requirements, the contractor, a joint venture between Yapi Merkezi of Turkey and SK Engineering and Construction Co. Ltd. of Korea (YMSK JV), established a system to control the risks during all phases of the project execution, including conceptual planning, final design, construction and facility operation. An important component of such system is to assign an Independent Design Verifier (IDV), who is to ensure that the project’s major design risks are addressed by the Designer through design deliverables in accordance with planned construction program (schedule). HNTB Corp. was selected as the IDV. Read More

 
 
Q&A with Bob Goodfellow

Bob GoodfellowRobert “Bob” Goodfellow is a Senior Vice President for Aldea Services LLC, and he is a licensed professional engineer in more than a dozen U.S. states. Goodfellow has 25 years of experience in the tunneling industry and he currently serves on the Executive Committee for the Underground Construction Association (UCA of SME). He is an acknowledged industry expert in risk management and is co-author of the tunnel industry guidelines for risk management on tunnel projects.
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Contractor Prequalification – An (In)Effective Risk Management Tool
 
Contractor Prequalification – An (In)Effective Risk Management Tool
 
When a constructor has been prequalified for a project, it increases the chances of project success on many fronts. In essence, this makes constructor prequalification an effective risk management tool. In fact, if the request for qualification is well-conceived and prequalification process conducted strategically, it can be argued this is the industry’s most effective tool in its risk management toolbox.
 
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UCA Risk Management Guidelines Available for Download
 
UCA Risk Management Guidelines Available for Download
 
The Underground Construction Association of SME (UCA) recently endorsed the new “Guidelines for Improved Risk Management Practice on Tunnel and Underground Projects in the United States.” This document is an outgrowth of the insurance industry’s 2006 “A Code of Practice for Risk Management of Tunnel Works,” and has been adapted to U.S. contracting practices. The Guidelines recommend a detailed process for doing a risk assessment, and developing a list of mitigations.
 
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More from TBM: Tunnel Business Magazine
 
Dates, Location Set for 2nd Annual Risk Management Course

Dates, Location Set for 2nd Annual Risk Management Course Organizers have announced that the 2ndannual Risk Management in Underground Construction course will be held Nov. 28-29, 2017, at the Residence Inn Arlington Capital View in Arlington, Virginia. The venue is located adjacent to Reagan National Airport and just across the Potomac River from Washington, D.C. Complimentary shuttle service is available to and from Reagan National Airport and the Metro station.

 

The first Risk Management in Underground Construction course was held Nov. 14-16 in Miami. The event brought together more than 60 professionals representing contractors, owners, consultants, insurance companies, vendors, and law firms. Read More


 
 
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