NOVEMBER 2023CONSTRUCTIONBUSINESSREVIEW.COM 19CXOINSIGHTSCONSTRUCTION MANAGEMENT MANAGING RISK IN MULTIFAMILY CONSTRUCTION By Martin Espericueta, Senior Project Manager, Lifestyle CommunitiesMultifamily construction can be complicated without proper organization. There are several factors that help address or eliminate risk that most owners don't utilize, however they are pertinent to an effective and efficient project. A major factor to manage risk is to keep the overall project's best interest in mind, ensuring that all parties understand their expectations and responsibilities.Integrated teams are beneficial in construction projects to reduce the margin of error. Having representation of all different fields allows for multiple perspective to be considered, which speeds up the process during the design phases. Subsequently, engaging all significant players during the design phases results in a more effective design. Martin Espericueta
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