In a global society, in which geotechnical projects are increasingly designed in a country other than the one where construction takes place, geotechnical risk management must be extended to cover infrastructure works, which are smaller than dams and tunnels, for example, since there is a significant impact on works budget imponderables. Therefore, a risk management methodology based on the likelihood of the occurrence of certain events and their economic consequences is proposed, which is applicable to bored piles (Kelly drilled) in coarse soils, easy to use, and simple to implement since the initial stage of construction. Of 12 case studies of construction works involving bored piles (Kelly drilled) carried out in Luanda (Angola), two selected examples involving the proposed risk methodology on sandy soil layers with interbedded clays are discussed. Subsequently, whether the overall foundation contract budget is affected by assessed risk is determined, and what influence it has on the budget in the light of mitigating factors and associated real costs. This method intended to encourage the adaptation of sustainable risk management in bored piles construction by the site project managers, involving risk analysis concurrently with budgetary review. Though the level of assessed technical risk may be acceptable, overall costs associated with the contract in question may not be acceptable.