article thumbnail

Keeping Up with the Evolving Construction Industry

Construction Business Owner

Keeping Up with the Evolving Construction Industry By Matt Klemmensen, Casualty Loss Control Expert, Munich Re Specialty – North America mhodges Wed, 10/30/2024 - 08:47 The construction industry is a dynamic segment of the economy. Contracting firms must constantly adapt to changing market conditions. © Copyright 2024.

article thumbnail

Early Collaboration: The Key to Commercial Construction Risk Mitigation

HardHatChat

Over the past 20+ years, Englewood has completed over 2500 commercial construction projects in the retail, restaurant, hospitality, senior living, industrial, cannabis, and automotive sectors. From financial overruns to project delays, unexpected risks can impact budgets, timelines, and overall project success.

Risk 156
professionals

Sign Up for our Newsletter

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

article thumbnail

Trends in Workplace Injuries & Safety in Construction

Construction Business Owner

Trends in Workplace Injuries & Safety in Construction ccapoccia Wed, 01/15/2025 - 16:43 As workplace safety remains a critical focus for business owners in the construction industry, Construction Business Owner (CBO) spoke with safety experts to explore emerging trends, safety culture, and actionable strategies for reducing injuries and costs.

Injury 340
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

How AI is Reshaping Construction: Insights from Industry Experts

This exclusive guide unpacks the impact of AI-driven analytics, automation, and predictive insights on project management, risk reduction, and workforce transformation. Don’t miss out on key insights from industry leaders.

article thumbnail

Protecting Against Environmental Risk in Changing Climates

Construction Business Owner

Protecting Against Environmental Risk in Changing Climates. Already expecting a downturn, the commercial construction industry was further impacted when COVID-19 either delayed or shuttered projects nationwide and a seemingly endless barrage of storms caused more than $95 billion in damages across the United States alone.

Risk 367
article thumbnail

Key Considerations For Risk Management In The U.S. Housing Construction Industry

The Constructor

housing construction sector is one of the country’s largest and most important industries. As such, those involved in the industry need to understand the importance of risk management and […] The post Key Considerations For Risk Management In The U.S.

Risk 245
article thumbnail

How Poor Planning and Budgeting Lead to Construction Cost Overruns

This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability. Inaccurate projections lead to cost overruns and delays.

article thumbnail

Scalable ERP Tailored for Small to Mid-Sized Construction Firms

Built for the construction industry, CMiC’s ERP delivers unified solutions to empower small to mid-sized firms. With tools that adapt to your business needs, CMiC simplifies communication between the office and field, ensuring greater efficiency and reduced risk.

article thumbnail

The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

article thumbnail

The Ultimate Guide To Data-Driven Construction: Optimize Projects, Reduce Risks, & Boost Innovation

Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network

Fortunately, digital tools now offer valuable insights to help mitigate these risks. Mastering this approach is key to staying competitive and driving long-term success in the construction industry. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting.