A five-point plan for coping with volatility in a positive way

By Simon Rawlinson2022-05-16T08:32:00

While no one can predict the outcome of the Ukraine crisis, we do know what tools are needed to make projects and teams more resilient

The first project that I worked on as a trainee QS had a fluctuations clause. For a year, client and contractor faced inflation of 15%-plus across many product categories. We had plenty of issues to resolve, but cost escalation was not one of them because the pain was shared.

The risk transfer worked not only because it distributed the burden of inflation between contractor, client and supply chain, but also because the project team were able to focus on issues that they could control – such as coordination and change management – rather than things that they couldn’t, like the price of rebar.

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