This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For Directors of Construction, engaging the right general contractor (GC) who can work seamlessly with commercial architects is essential to mitigate risks and achieve project goals. Here, we dive deeper into how this partnership fosters superior results and minimizes risks.
Data collection is also crucial for organizations focused on sustainability efforts. Cybersecurity & Risk Mitigation A top challenge toward digital transformation within construction is overcoming concerns around data security. Even so, organizations must take careful and strategic steps to harness AI effectively.
With the right resources and software, you will emerge equipped with the knowledge to ensure your construction projects adhere to prevailing wage requirements, fostering a culture of compliance and excellence in your organization.
When it comes to crowd control, concrete barriers emerge as the preferred choice for event organizers. These sturdy structures provide enhanced safety and versatility for event organizers. Organizers must assess the venue layout, expected attendance, and potential safety risks.
Whether you are an architect, engineer or a contractor, organizing your information is the first step toward mitigating project risks like time delays, budget issues, miscommunication and mistakes.
HubSpot reported on 9 Types of Marketing Organization Structures on August 15th, 2019: 9 Types of Organizational Structure Every Company Should Consider. The functional structure departmentalize an organization based on a common job. This structure is ideal for organizations that have multiple products. Disadvantages.
4BT is the only source of over 90,000 line items of construction task data organized using expanded CSI Masterformat and updated quarterly without the use of location factors or economic indexes, as well as a full database of preventive maintenance tasks, checklists, tasks and associated costs organized using expanded UNIFORMAT.
Having a robust risk management strategy in place is critical for protecting your workers. In this webinar, we will discuss notable risks you need to address in your organization to better prepare for 2023. Which tools you should have as part of your risk management system. Corrie Pitzer CEO & Founder. Sponsor Avetta.
How Can Contractors Manage Risk? Risk itself, especially risk caused by large economic forces, isn’t usually something individual businesses can control. That being said, the best way to manage risk in the construction industry is to have a solid game plan. Which External Factors Should Companies Follow?
The supply chain industry is rapidly evolving, making effective supply chain risk management solutions more critical than ever. If youve been keeping an eye on recent industry developments, youve probably seen that Achilles Information Ltd recently acquired Global Risk Management Solutions (GRMS).
If every person in an organization was fully engaged and committed to creating a safe environment, the number of safety incidents and near misses would be almost nonexistent. Making sure employees know their safety requirements is critical not just for the success of the business, but also for the safety of employees and the environment.
National Safety Month provides a timely opportunity to delve into effective safety and risk management strategies. Building Robust Risk Management Processes Before implementing specific technologies and techniques for a safer work zone, we must first set up a blueprint for a more compliant culture.
Is your organization ready? 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. Use of organic waste as mulch/compost. SEC 17 CFR 210, 229, 232, 239, and 249). Reduction possibilities. Buffer zones.
An environment in which projects are organized and put together in a way that results in more on-time, on-budget outcomes. It is a collaborative approach with owner leadership organizing not just a project team, but a PROGRAM team. Relationships based upon value, performance, mutual trust/respect, and shared risk/reward.
According to the 2019 Association for Financial Professionals’ (AFP) Payments Fraud and Control Survey, 82% of organizations reported fraud incidents in 2018, and 43% experienced direct financial loss as a result. . How payment solutions can mitigate risk by eliminating paper checks. Rhonda Greene, APSC. Solutions Consultant.
Many public sector organizations don’t have a complete view of their JOC processes. Risk of Fraud. Unfortunately, many organizations within the State, County, and Municiple sectors have used job order contracting (JOC) improperly. FIVE issues associated with inefficient and ineffective JOC PROCESSES. Higher Costs.
Building long-term relationships, sometimes referred to as “alliance partnering” is a robust method of limiting variation in outcomes and associated risk. Developing inter-organization and cross-team relationships and developing an innovative and quality, outcome-focused culture is a proven roadmap for significant improvement.
Key Elements of the International Organization for Standardization (ISO) 55000 Standards. Source-GAO Summary of Key Elements of the International Organization for Standardization (ISO) 55000 Standards-GAO-19-57). Establishing context of the organization. organization’s purpose, needs, and requirements. Developing support.
Significant Improvement of Evaluation and Maintenance of Building Infrastructure requires accelerated adoption of readily available robust programmatic tools and support services that analyze and reduce both risk and cost.
In today’s unpredictable environment, every organization must prepare for potential disruptions. A solid business continuity plan protects vital operations and helps organizations maintain trust with clients and stakeholders. To develop an effective business continuity plan, organizations need to take a systematic approach.
Besides paper, many organizations are holding on to older software and systems, but don’t deliver what is needed for the business to enhance collaboration and streamline processes because the software is typically outdated and doesn’t fit the needs of the current organization’s climate.
Keller & Associates Since 1989, Bob O’Connell has been helping companies with their transportation and safety & compliance needs, Bob specializes in connecting with his Transportation, EH&S and HR clients to identify risk exposure within their organizations and helps to identify solutions that meet their compliance needs.
way for organizations to build a culture of structured energy improvement that leads to deeper and sustained savings that does not require any external audits or certifications. Improve risk management. History has taught us to “trust but measure”, failure to learn from our past is a sure fire way to fail.
Most federal government agencies incorrectly cost estimate, including the GSA, as they don’t understand this basic fact and do not have robust, organization-wide cost estimating practices. GAO-19-157SP – Substantial Efforts Needed to Achieve Greater Progress on High-Risk Areas.
Improvement in risk avoidance and fostering owner and team stakeholder satisfaction, trust, and mutual long-term benefit for all parties are prerequisites for sustainable lifecycle management of the built environment.
Building long-term relationships, sometimes referred to as “alliance partnering” is a robust method of limiting variation in outcomes and associated risk. Developing inter-organization and cross-team relationships and developing an innovative and quality, outcome-focused culture is a proven roadmap for significant improvement.
Let’s be clear: as construction management firms are asked to take on more complex jobs and complete them in less time, success hinges on the ability to identify and mitigate subcontractor risks well before a project starts. . Achieving success doesn’t mean abandoning your current workflow, but, rather, optimizing it. Author Dustin DeVan.
Minimizing risk through cost certainty and a fully communicated detailed scope of work is critical to every repair, renovation, and new build. Where is YOUR organization? This results in a waste of public funds of 30%-40%+, or billions annually. . Deliver 90%+ of ALL projects on-time, on-budget, and in a quality manner.
Consider how time has evolved certain roles within organizations. Today, that same role continues to evolve, with the incorporation of risk management as an overarching theme. For instance, 40 years ago, corporations staffed full-time safety professionals to lead and support their endeavors in the life safety arena.
Solution Current, locally researched unit price books (UPBs) are now available that are updated quarterly and organized using expanded CSI MasterFormat. As both owners and design/builders now have greater cost visibility and risk is lowers, overall project costs can be reduced.
Service-driven organizations with disconnected, piece-meal applications struggle to drive growth. The post The Risks of Disconnection in Field Service appeared first on Construction Marketing Association Blog. Service delays, poor communication, substandard service, and poor customer support negatively impact customer satisfaction.
Owner and design-builders gain 30%-40%+ in cost visibility and cost management capability, reducing both risk and overall construction costs. FM productivity constraints remain a barrier for most public sector organizations, presenting barriers to efficient sustainment & new builds.
For digital transformation to succeed, senior leaders must be proponents of change and enable their organizations to fully realize the benefits of going digital," he notes. Without leadership driving the transition, companies risk falling behind their competitors.
Perceived Risk of Deviating Some organizations fear that deviating from widely accepted tools may lead to discrepancies, making them hesitant to rely on other resources, even if they are more accurate. “The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. .”
Here’s how utilizing accurate cost data can make a difference: Improved Accuracy : Contractors can produce precise bids that reflect actual market conditions, reducing the risk of underbidding (leading to losses) or overbidding (leading to lost opportunities). The bid is rejected as infeasible during review.
Time, Cost, and Risk Management. An overall early and ongoing collaborative focus upon mutually beneficial outcomes is central to project time, cost, and risk management. A detailed, locally researched, detailed line-item cost database, organized using CSI Masterformat , provides cost and technical visibility and transparency.
contractors, noted the following… Less than 24% of respondents said that their organization was capable of the following. I can accurately assess risk related to any changes, billing, or performance issues. Is there a single Public Sector organization that can claim verifiable construction cost management capability?
Data classification is broadly defined as the process of organizing data by relevant categories so that it may be used and protected more efficiently. Cost management involves different risks for all the parties involved, which highlights the need to manage risks properly. cost analysis, tracking, and comparison.
Collaborative LEAN process management are understood and supported organization-wide by leadership. Owners are knowledgeable of cost management and implications as are design-builders, inclusive of assessing risk related to any changes or issues. 80%-90% of all projects are completed on-time, on-budget, and in a quality manner.
Lastly, this blog does not intend to be the end all, but is designed to mentor by overviewing basic safety program organization and key concepts. This pandemic has brought to the forefront the challenges of risk assessment – the process of identifying hazards and determining consequences. The Changes That Just Occurred.
If your organization would like to better reflect and respect the concerns and values of your stakeholders and not just push paper around, read on. The 4BT JOC Solution was developed to address the many unforeseen risks and unanticipated costs associated with traditional JOC offerings.
Construction organizations are relying on modern software for accounting, field management, project management, bid management, design and more. The not-so-good news is that many organizations adopt software at the project or regional level, so it often doesn’t connect the entire business. We’ve come up with a solution for that.
To address the backlog of work that needs to be done and reduce the time it takes to plan and build bridges, many organizations such as the Accelerated Bridge Construction University Transportation Center at Florida International University (FIU) have promoted a new construction method called Accelerated Bridge Construction (ABC).
Compliance and Risk Mitigation. 4BT construction cost data is created and maintained by an professional team with decades of cost engineering, project management, and capital planning experience, including working for organizations such as the R.S. Compliance and Risk Mitigation. Forecasting cost of future projects.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content