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Common construction cost estimating problems

Job Order Contracting

Inadequate Risk Assessment: Not factoring in potential risks like weather delays, permit issues, or unforeseen complications can lead to significant cost overruns. Lack of Expertise: Inexperienced estimators may not have the necessary knowledge to accurately assess complex project requirements, leading to errors in calculations.

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5 red flags that a job might not be worth the risk

Construction Dive

In challenging economic times, contractors need to be especially vigilant for warning signs such as uncertain financing, incomplete drawings or an owner with a bad reputation, experts say.

Risk 173
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GHG, SHG, SEC Regulations – Facilities Regs and Reporting Changes Coming Soon

Job Order Contracting

How a company assesses and plans for climate-related risks may have a significant impact on its future financial performance and investors’ return on their investment in the company. The proposed rules draw from existing disclosure frameworks including the Task Force on Climate-Related Financial Disclosures and the Greenhouse Gas Protocol.

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What You Should Know Before Taking a Construction Loan

Construction Marketing

If the appraisers approve, the lender makes more draw payments to the contractor. Your lender may also need a prepaid homeowners insurance policy, including the builder’s risk coverage, to ensure you’re financially protected should anything go wrong during the construction process. How to choose a construction loan lender.

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Paper vs. Clunky Software vs. Integrated Construction Solution

Viewpoint Construction Technology

It doesn’t appear to solve the needs of a growing construction organization —projects with modern demands that need to be completed quickly and with minimal risk. The features are insufficient including no or limited visibility into job cost and contractors can’t see up-to-date project information — instead just rolling with the punches.

Software 277
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The Complexity Of OSHA’s PSM Standard

FDR Safety

For those of you who deal with PSM, you know this is a critical first step in determining if a traditional risk-based approach will suffice from a compliance perspective. When deciding that risk mitigation is needed, the concept of feasibility comes into play to demonstrate due diligence in complying with the OSH Act.

Risk 223
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Rebecca Severson shepherds a culture of safety

Construction Dive

Drawing on construction and military expertise, Gilbane's safety director steers workers toward a full understanding of risks, sharing the message that a jobsite can be incident-free.

Safety 134