Industry Insight No. 14: Stakeholders— managing the challenges and opportunities

This article was first published by Lexis®PSL on 13 February 2017. Construction analysis: Sarah Schütte of Schutte Consulting Limited explores the role of stakeholders on construction and engineering projects, and the challenges and opportunities they present. As part of this she explains why it is important for the lawyers involved to identify who the stakeholders are, and how to do this. What is a stakeholder? All projects need support, whether internal or external. Support comes in many forms, including financial, legal, ethical, regulatory and strategic. The term 'stakeholder' commonly covers anyone who is not directly involved in delivering the project, but who has an 'interest' in its

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