Construction industry operates in very uncertain situations subject to
various kinds of risks arise during the execution of a project. This
research was conducted to identify key risks factors involved during
execution of a project, risk categories, latest trends/ practices in
risk identification techniques, risk prevention and risk reduction
methods being employed by contracting companies working in Pakistan and
ranking them according to their importance/ usage. This research is
conducted in Pakistan and major emphasize on contracting companies
engaged in construction projects of various nature. I have analyzed the
risk management trends of contracting companies. Some sites were visited
during the collection of data. Data are analyzed through statistical
tools in order to find actual facts and figures. I proposed some
recommendations on the basis of this research to contracting companies.