The construction sector’s operating environment is complex and makes total risk elimination a challenge. Any development and construction is usually in conflict with nature, yet is also a basic necessity for human advancement. This places an enormous responsibility on construction sector organisations. This requires identifying, assessing, addressing, monitoring, communicating and reporting risk openly and transparently. It also includes the process of ensuring the independent auditing of adherence to company policies, standards, plans, procedures, practices, systems, controls and activities to ensure that the company achieves the required level of operational compliance.
Our risk management philosophy therefore focuses on the effective and ongoing management of risk. It further requires that risk mitigation strategies are effectively conceptualized and implemented timeously when called upon. PLICC has a robust Risk Management Plan and Risk Mitigation Strategy with regards to its operations.