Investor bears responsibility for proper preparation of the investment process. One of his tasks is to prepare the project documentation and obtaina building permit. Frequently, during his work, there are situations and events whose im pact interferes with the design solutions. Regardless of reasons, alterations to a project constitute a source of cost risk. In each case, the Investor should be prepared for this type of a risk. Exposure to risk should be taken into account in the planning stage of the investment. Also, a model of investment execution should be chosen at this stage. The type of model is associated with the distribution of risk throughout the project. The aim of this paper is to identify events that generate risk related to alterations to Project Documentation in the context of the selection of the investment executionmodel.
This paper identifies the adverse events occurring during the execution of water supply and sewerage systems construction. The basis for this paper is research conducted in 2010-2014 on the construction sites of water supply and sewerage systems located in the provinces of Lower Silesia and Opole. The research consisted of direct observations of construction sites and review of construction documentation. It showed that work stoppages on the examined construction sites were frequent. They were caused by violations of work discipline by the production employees, adverse weather conditions, and defects in the project documentation. The study demonstrated that in almost every case, these bad an adverse effect on the completion date and budget of the investment. The analyses show that in such important and expensive investments as water supply and sewerage systems, organizational structures in which a special role is assigned to middle-rank personnel should be adopted.