Risks of implementation of investment-and-construction projects, influencing their cost

The author offers the expanded classification of risks by phases of the project lifecycle and subjects of investment activities, taking into account the development of project financing. High-quality preparation of the design estimates and construction contracts; application of guarantees; limitation; hedging; insurance; use of the special settlement accounts of the project company allowing to exercise strict control of target use of financial resources of the project (escrow account); other tools allowing to reduce the probability of negative consequences, are named as the most effective instruments of minimization and protection against risks.