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Gung-ho or risk averse - which is best, and which one are you?

Taking risks with your business is fine, as long as they are calculated. Ensure you can assess risks before you take the plunge, and to do that properly you need a clear picture of what's happening around you.

Are you making important decisions about your contracts, your business and your livelihood based on gut feeling or without proper consideration about the implications simply because you don't have time?

Some of us take a gung-ho approach to business, whereas some of us are more risk averse. But the extremes of both mindsets can put us in risky situations, so it is best to go into contracts armed with all the information you need to make the right business decisions. After all, if you don't know what the risks are, how can you ensure that you are working in your comfort zone?

Take a look at Florence's story:

Did you know that this area - the calculation of risk - is just one of the areas in which quantity surveyors are trained?

And this is a service we offer as part of our Project Ledger Management function which includes implementing risk assessment.

What is Project Ledger Management?

Our Project Ledger Management service will give you the high level insights you need to keep your projects in good health, lead projects effectively and take calculated risks. It is provided by highly experienced quantity surveyors who have decades of experience in construction projects and understand what is required for contractors to be able to stay in control of jobs.

The service helps with cash flow monitoring and management account preparation based on job status and probability assessments. It also assists Financial Managers to monitor and control all income from jobs. We set up control sheets and carry out high level reviews, challenging the QS's predictions of job returns, as well as health checks on specific jobs where problems have occurred and/or could be avoided.

Part of our Bundle of Services

Project Ledger Management is a key part of our bundle of services designed to help Contractors and Sub-Contractors protect themselves more comprehensively in construction projects and make sure their services can be delivered as promised with the minimum fuss or risk of financial loss. These start with Contract Vetting prior to even agreeing to work on the project right through to Retention Fund Management.

For a free initial consultation regarding any of our services, contact Quantum CPM on 0161 974 6655 or email .

Find out more about our Bundle of Services.