India remains one of the world's most robust construction markets. India will move from the ninth-largest construction market in the world to the third slot by 2020 -only below construction giants China and the US, says a new ten-year forecast from Global Construction Perspectives and Oxford Economics. According to the report, by 2020, the country’s construction market will be worth almost $650 million making up 5% of the world’s total construction output. Due to the number of projects needed to be completed rapidly, the quality of the work done by the construction industry in India has been relatively low. The prime example would be the projects done for CWC games. The safety rules were flouted and so was the quality of the construction. Hence it is imperative for Indian construction industry to learn and discuss different risks faced by them and strategies to mitigate them.

Construction is a process governed by complicated contracts and involving complex relationships in several tiers, and there are many risks involved in construction projects. And every construction firm believes that managing risk is the greatest challenge they face. Amidst this construction boom, the sector continues to face challenges around shortage of talent, limited contractor capacity, rapidly rising material as well as labor costs. Despite improvements in the project risk management practices across the industry, many contractors appear to be short of a ‘holistic’ approach where risk is fully integrated into every aspect of the construction life cycle.    

marcus evans is pleased to announce its 3rd edition of highly successful  Construction Risk Management conference which will address your concerns on how to strategise and work in tandem to overcome these challenges. Some key issues that would be addressed are latest mechanisation processes, prefabrication implementation, contract disputes, procurement strategies, planning mechanisms that need to be in place and many more.

** World Construction T  oday readers/ subscribers members receive a 10% discount on registration fee.  Mention “MP- WCT” in your registration form.  Or write to This e-mail address is being protected from spambots. You need JavaScript enabled to view it for details of the discount.

 http://www.me-uk.com/

For further details and brochures, please contact:

Ms. Catherine Foo

Tel No: + 91-22 4231 7750
Fax No: +603 2723 6699

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