Over the past decade, the size, expense, and number of organizations working on engineering and construction (E&C) projects has grown exponentially, spawning a new species dubbed “megaprojects”.
The risk inherent in megaprojects is massive. In many cases, mitigating “mega-risk” on these projects require alternative delivery methods – such as joint ventures (JVs) and public-private partnerships (P3s) – to prevent a single organization from shouldering the burden of risk alone.
