From Risk to Profit Benchmarking and Claims Studies

RISK MANAGEMENT GUIDANCE

Consultant selection, and the professional services consultants provide, are important considerations in managing the risks of any project. Consultants play a vital role in the success or failure of a project, and prime design professionals need to be aware of their vicarious liability exposure.

When selecting consultants, consideration should be given to:

• availability of qualified consultants;

• past experience with a consultant;

• consultant’s reputation;

• adequate insurance;

• ability to meet project constraints;

• compatible systems between the consultant and prime design professional; and

• client-selected and client-controlled consultants.

More information on factors to consider when evaluating consultants can be found on page 48 .

23 • From Risk to Profit - Benchmarking and Claims Studies

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