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Construction Risk Management: What to do when your project goes wrong

Lets Build

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

Risk 165
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The Importance of Security Investments in Construction

Viewpoint Construction Technology

Gregg Schoppman of Viewpoint partner FMI emphasizes the importance of being good custodians of our own data and our clients’ data, as well as how the role of IT departments and risk management has changed. It’s imperative that contractors be good stewards for their clients and create strategic solutions that help deal with threats.

Security 219
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What You Should Know Before Taking a Construction Loan

Construction Marketing

Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount. How construction loans work.

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How To Improve The Management Of Construction Site Inventory

Construction Marketing

Keeping track of inventory storage is especially tricky as a surplus of resources ends up bloating your budget while taking up valuable space. The constant supervision of inventory also means changes don’t go unnoticed, thereby minimizing the risk of shortages. Moreover, IMS makes it easier to collate important information.

Inventory 268
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Buyer Beware: Five Commercial Construction Questions to Ask Before Purchasing a Distressed Note

HardHatChat

It’s better to catch that damage upfront so you know the true cost of the construction project instead of increasing your scope and budget afterwards. Cross your fingers they were, otherwise you might run the risk of extra fees. Or, what you thought was a “great deal” can turn upside down quickly. Are there hidden costs?

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The top 5 construction project management challenges and what to do about them

Lets Build

Construction projects are prone to more risks than most other industries—each project is unique, and there are endless factors that can impact its outcome. Budgeting and cost overruns. Safety and risk management. Assess those risks based on their probability and severity of impact.

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FEDRAMP is Hindering Facilities Management in the Federal Sector

Job Order Contracting

We have all been dealing with FEDRAMP for years along with associated misinformation, ambiguity, and missteps. Ancillary services whose compromise would pose a negligible risk to Federal information or information systems, such as systems that make external measurements or read information from other publicly available services. #2.