Abstract
The article deals with the identification and evaluation of risks of publicly funded construction projects. The study presents a risk analysis, incl. draft measures to eliminate some of the most serious risks that may affect the completion date and contractual budget. Risks are qualified as the product of the probability of the occurrence of an adverse event and the potential damage caused by the event. Risk identification was based on a list of 30 publicly funded national heritage constructions. The most serious risks from the contractor’s point of view were identified as a poor-quality preparation and formulation of the contract agreement, climatic effects and shortcomings in the project documentation. Possible implementation of the proposed solutions to these risks in the construction process can eliminate the contractor’s failure to meet the deadline for completion of the construction and exceeding the contractual budget.
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