How community benefits agreements can reduce project delivery risk
Utility Dive
AI Article Summary
Community benefits agreements (CBAs) can help energy and other project developers complete projects on time and within budget while gaining local support. By engaging with communities early, developers can mitigate risks associated with delays and cost overruns. Such agreements create a sense of shared value and responsibility between the project team and the community.
What This Means for Canadian Contractors
This project shows how community involvement can significantly reduce the risk of delays and financial overruns in project delivery. For Canadian builders, this means incorporating community benefits agreements could lead to smoother permitting processes and enhanced local partnerships, potentially affecting labor availability and overall project costs positively.
