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
Why Investing in Risk Management Is Essential in Construction ccapoccia Tue, 10/15/2024 - 22:02 Risk management has emerged as a vital pillar for success in the unpredictable world of construction. With countless hazards and uncertainties, companies must navigate these threats quickly and effectively.
Working with some of the best Directors of Construction, architects, and project managers in the business, we understand that risk management is a core concern for our clients. From financial overruns to project delays, unexpected risks can impact budgets, timelines, and overall project success.
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.
Inside Construction's 2024 Risk & Insurance Landscape ccapoccia Mon, 04/01/2024 - 17:00 Uncertainty has defined the construction landscape for several years now. That change can alter your business’s risk — and the insurance necessary to protect it. Just look across your own company.
Discover strategies to prevent overruns, predict risks, and optimize workflows using real-time data and predictive insights. Take control of your construction projects with this comprehensive guide to modern project controls. Learn how to integrate advanced tools that centralize budgets, schedules, and performance metrics.
4 Trends in Construction Risk to Watch in 2020. 4 big trends in construction risk that contractors should pay attention to in 2020. Elizabeth Manning. Wed, 01/22/2020 - 16:14.
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.
Exploring Contractual Risk Transfer in Construction ccapoccia Wed, 11/08/2023 - 10:12 Every commercial or residential building, no matter how unassuming its appearance, is the culmination of collective endeavors by designers and proficient tradespeople.
How to Manage Catastrophic Construction Risk. Manage construction risk on your construction projects better with a CPrL professional liability policy. Elizabeth Manning. Tue, 04/21/2020 - 11:58.
This exclusive guide unpacks the impact of AI-driven analytics, automation, and predictive insights on project management, risk reduction, and workforce transformation. Construction firms embracing AI are outperforming the competition.
Understanding Risk on the Road. Alex Headley. Mon, 11/08/2021 - 07:30. As much as you’d like to assume safety is always top of mind in the construction industry, it’s important not to take anything for granted.
How to Prepare for Unexpected Risk Exposure. Alex Headley. Mon, 09/20/2021 - 07:30. Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors.
Aging construction ERP systems can slow down productivity and put your business at risk. If you’re working with outdated software, you may be missing out on essential features and innovations like AI, AR, and enhanced reporting capabilities.
The 6 Rules of Risk Mitigation in Construction Contracts. The slightest challenge can derail a project for weeks or even longer, causing profit margins to erode while also increasing the risk of potentially costly claims or litigation. Elizabeth Manning. Fri, 11/20/2020 - 00:10.
3 Ways Contractors Can Mitigate the Risks Tied to Price Increases. Mon, 04/25/2022 - 10:11. Escalation, escalation, escalation,” is all I hear from clients and colleagues as they leave their Zoom screens and return to conferences and conventions.
A Guide to Managing the Risks of Working at Height. Elizabeth Manning. Tue, 09/29/2020 - 14:05. In 2019, 298 construction workers died because of a fall. Don't let your jobsite employees be a part of the 2020 data. Here's a fall protection guide for your team.
With tools that adapt to your business needs, CMiC simplifies communication between the office and field, ensuring greater efficiency and reduced risk. Consolidate project management, cost tracking, and team collaboration into one seamless platform.
Risk on the Road. Alex Headley. Mon, 11/08/2021 - 07:30. As much as you’d like to assume safety is always top of mind in the construction industry, it’s important not to take anything for granted.
3 Risks of Using AI in Construction ccapoccia Fri, 02/09/2024 - 16:16 The use of artificial intelligence is growing on construction jobsites. Learn about three big AI risks and how to avoid them. But without proper management, contractors won't make a return on their investment.
Representing Travelers in this discussion are Rich Ives, senior vice president of business insurance claims for Travelers Insurance, and Ken Wengert, vice president of risk control for construction, energy and marine at Travelers.
This guide offers 12 reasons why CMiC is the right choice for reducing risk, increasing profitability, and preparing your business for growth. It integrates workflows like job costing, resource planning, forecasting, and compliance control into one system.
While revenue growth is certainly attractive, operational expansion comes wrought with perils of risk and uncertainty. When thinking about expanding operations into new markets or geographic areas, consider using one or more of these proven approaches to help mitigate the risk.
How RCC Associates is Managing Risks to Employees & Projects During COVID-19. This year alone, the industry has seen major areas of risk skyrocket, not only on construction jobsites, but also in our everyday lives. Elizabeth Manning. Tue, 11/10/2020 - 16:46.
5 Risk Management Areas You Should Focus on This Year & Beyond ccapoccia Thu, 04/13/2023 - 16:55 The last several years have been challenging for contractors as they face mounting pressures from inflation, labor shortages, rising capital costs and continued supply chain interruptions.
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.
In the realm of Public-Private Partnerships (PPPs), where governments and private entities collaborate to tackle infrastructure projects, risks abound. It is imperative for both public and private stakeholders to not only comprehend these risks but also devise strategies to mitigate them effectively.
Proactively Tailoring Your Insurance Plan to Intercept Future Risk. Tue, 06/14/2022 - 13:49. Construction projects run on a strict timetable. When there are disruptions, from factors such as staffing issues, resource allocation, supply chain delays or downtime from damaged equipment, economic havoc can erupt.
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. With billions of dollars invested in projects each year, the sector has a considerable impact on the economy and the lives of many individuals.
The post What are the Risks of Pouring Concrete at a Wrong Temperature? This is because temperatures above the normal concrete curing range (32 °C) will not only reduce the workability of concrete but also cause a significant reduction in its ultimate strength. appeared first on The Constructor.
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. In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. That’s where data-driven construction comes in.
5 Risk Myths Demolished ccapoccia Tue, 04/30/2024 - 09:32 We make decisions about risk every day in our personal and business lives. For construction business owners (and everyone in the construction industry), bad outcomes can mean the difference between staying in business or not.
These evolving agendas can be confusing, but a fundamental truth persists: Business owners must be diligent and proactive in addressing environmental risks.
Cybersecurity & Risk Mitigation A top challenge toward digital transformation within construction is overcoming concerns around data security. Its a double-edged sword companies must become more digital to stay ahead of the competition, but more data and information hosted online increases risk.
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).
This visibility is crucial for Lean construction, as it enhances cost transparency, enabling better planning, accountability, and more precise cost control.
This trend has put any construction company that does not use best-in-class safety practices at the risk of being put out of business. A plaintiffs attorney in post-crash litigation can claim negligence if there is any failure to follow policies, procedures, or reasonable practices that find, coach, and remediate high-risk behavior.
Minutes Matter: Reduce the Risk of Suspension Trauma ccapoccia Tue, 09/03/2024 - 09:36 Falls are a leading cause of serious injury and death in the construction industry. While quality fall arrest systems do an excellent job of preventing impact injury, ensuring worker safety doesn’t end there.
Without clear coordination, you risk everything from clashes to delays, cancellations, and missed deadlines. Construction sites are often just-barely-controlled chaos. Get the free eBook & learn how to solve the biggest challenges in construction!
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