article thumbnail

Rising Construction Costs Lead to Higher Risks

Construction Business Owner

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 354
article thumbnail

Controlling Total Cost of Risk in Construction

Construction Business Owner

Controlling Total Cost of Risk in Construction Four key strategies to improve total cost of risk and drive successful construction outcomes mhodges Wed, 02/28/2024 - 10:14 The global construction industry is expected to grow by 85% to $15.5 trillion by 2030, but this growth comes with risk management challenges.

Risk 358
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to More Effectively Mitigate Davis-Bacon Compliance Risk

Construction Business Owner

How to More Effectively Mitigate Davis-Bacon Compliance Risk Top five strategies for prime contractors navigating prevailing wage regulations. mhodges Mon, 09/30/2024 - 08:16 Discover the top five strategies that general contractors overseeing multiple tiers of subcontractors are using to protect themselves from potential fines and penalties.

Risk 374
article thumbnail

How Improved Change Order Communication Can Reduce Risk for all Stakeholders

Construction Business Owner

The results of an outdated change order process include wasted time for all project team members, increased financial risk, lack of real-time statuses and uncaptured valuable data and insights. reduce risk. Fill out the form on this page to register for this webinar. First Name. Do Not Sell My Personal Information. change orders.

article thumbnail

LEED can Help Mitigate Legal Risks in ESG Disclosures

Green Building Law Update

This blog post highlights the legal risk associated with ESG disclosures and proffers that with green building practices companies can mitigate their legal risk while still being responsive to the trend of investor demands for more disclosure. But the risks associated with ESG disclosures are real and should not be underestimated.

Legal 256
article thumbnail

Understanding Driver Risk Is Paramount to Your Company’s Profits

Construction Business Owner

Understanding Driver Risk Is Paramount to Your Company’s Profits Use fleet tracking tech to tackle operational challenges while keeping your drivers safe mhodges Thu, 04/20/2023 - 07:37 Fleet managers must balance ever-shifting routes and customer needs — all while keeping drivers (and the public) safe.

article thumbnail

4 Tips to Help Mitigate Joint-Employer Risks

Construction Business Owner

By now, the employer community is well aware of the wide-ranging implications of Browning-Ferris Industries of California, Inc. , 362 N.L.R.B.