Factor

Indicates

Long-term contracts mean the risk that underlying prices change in manner not anticipated is higher.

Higher level of importance

Complex / diverse range of services subject to a range of different inflation drivers means inflation risk is higher.

Higher level of importance

Long-term construction contracts include a likelihood of price variation during the construction period.

Higher level of importance

High level of operating costs and life cycle costs relative to construction costs exposes the project to more long-term inflation risk.

Higher level of importance

Overheated local economy / volatility and/or high construction inflation index means construction costs more likely to change.

Higher level of importance

Project taking place at similar time to other major construction projects, those projects expected to compete for resources.

Higher level of importance

Specialist components or labour is required indicates a higher level of construction risk.

Higher level of importance

No compensation for additional costs during the construction phase.

Higher level of importance