The objective of this article is to describe the risk identification within a supply chain of an infrastructure construction project. This research is based on a case study of risk management within a supply chain in the infrastructure construction industry. Data have been collected from an international company emphasising the stage of risk identification. A particular view of risk management has been adopted. More specifically, a way to identify risk within the construction industry has been given. Technical and operational evidences have been revised and organised in order to take a first step in the direction of a systematic treatment. It has highlighted some crucial issues dealing with risk identification, while risk assessment and risk response provide an opportunity for further research. The article has underlined how risk management can be seen as the way to discover existing risks that are preventing firms from advancing their strategy. Main insights that emerged dealt with five categories: strategic objectives; critical success factors; environment and stakeholder influences; key performance indicators and principal risks; principal risk response strategies.