## [[Risk Action Plan]] >[!question] [[Risk Description|Description]] > (Causes, Consequences, Implications) >Identification of Long Lead Equipment Deliveries and specifically the Electrical Equipment. The last project took nearly 90 weeks for medium voltage switchgear. >[!question] Key Assumptions > Lead time for equipment was evaluated in the [[Section 01 32 16.20.1.05 INITIAL PROGRESS SCHEDULES]] however market trends continue to impact the on-time delivery of electrical equipment. >[!question] [[Current Controls]] >Subcontractor will have flowdown language from the contract regarding the [[Ex A.Liquidated Damages]] for late delivery. >[!info] [[Sources of Information]] > ![[SECTION 01 32 16.20.1.05.A.6.a]] >[!info] Attachments >[Stubborn lead time issues impact projects](https://www.bcebaltimore.org/news/latest-news/stubborn-lead-time-issues-impact-projects/#:~:text=Chip%20shortages%2C%20labor%20shortages%20and,Patrick%20Morgan%20with%20James%20Posey) article published 2024-05-15 >[!danger] Calculated Risk Factor >[[Semi-Quantitative Assessment]] >Consequence = >Likelihood = >(consequence + likelihood)-(consequence x likelihood) >[!success] [[Risk Mitigation Strategy]] > Supply Bond to mitigate the cost exposure would cost 1-2% of the amount of the bond >[!success] Possible Additional Actions > | Response | Effectiveness | Cost | | ---- | ---- | ---- | | allow project to overrun on schedule | Low effectiveness will lead to dissatisfied customer | 6 months of LDs | | | | | | | | | >[!success] Comments & Recommendations > Analyze the total amount of exposure caused by worst case scenario of late delivery with extended overhead and liquidated damages >[!example] Status > [[2024-07-02]] Peach will contact the bonding company to get a quote for a Supply Bond for the Electrical Switchgear.