Risk and uncertainty in the supply chain have a direct impact on the profitability, operation, and competitiveness of the enterprise. Supply chain risk management allows for the reduction of the negative impact this risk may have on the enterprise, enabling quicker and more appro-priate actions and responses. In the article, based on survey research, risk elements in the con-struction supply chain were identified. These risk elements were categorized into external risks, which are not directly dependent on the participants in the supply chain, and internal risks. Using the FMEA (Failure Modes and Effects Analysis) method, the risk of potential failures in both groups was assessed. The data analysis reveals that construction companies face significantly higher risks from external factors compared to internal ones. The greatest risk among external threats is attributed to changes in interest rates and issues with raw mate-rial suppliers. Among internal threats, the highest risk is related to workplace safety. Based on the analyses conducted, a risk management model for the construction supply chain was pro-posed.