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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.
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.
The results of an outdated change order process include wasted time for all project team members, increased financial risk, lack of real-time statuses and uncaptured valuable data and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. . Do Not Sell My Personal Information. change orders. automation.
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.
Top 5 Risks for Set-Aside Contractors. But the risks can be big, too. That’s why set-aside projects are a boon for small businesses—but risk and reward go hand in hand. Here are the top five risks facing set-aside contractors. risk management. . Federal projects are a big deal for small contractors. Greg Ragsdale.
billion contract for Train 4 of the Texas energy facility, a court overturned the project’s federal authorization, putting its timeline in doubt. After Bechtel won a $4.3
In response to last week's survey, Construction Dive readers weigh in on whether jobsites should close to help mitigate the spread of the coronavirus in states like Florida, Texas and California, where cases are surging.
New modeling quantifying the outbreak's effect on the Austin, Texas, market highlights the importance of mitigating the danger from construction work, as the activity could elevate the area's hospitalizations from 10,000 to 30,000.
Widespread power outages in Texas during a severe cold blast have caused some to question whether banning fossil fuels from new buildings makes sense. Most homes with gas space heating went cold because most gas-powered heating systems require electricity to operate.
The COVID-19 pandemic has demonstrated that social, health and environmental risks are economic risks. Industrial parks can mitigate risks by embracing a resource-efficient eco-industrial concept. Read: Post-Pandemic Industrial Parks: Risk-Resilient, Resource Efficient at BusinessFacilities.com.
Reduced Risk: Key performance indicators help predict and avoid risks during construction projects. Continuously monitor and improve efficiency. Competitiveness: Understand strengths and weaknesses to win contracts by following timelines and quality standards. Download this free eBook today.
Construction workers have a much higher risk of becoming hospitalized with Covid-19 than workers in other occupations, according to a new study from researchers with the University of Texas. Analyzing data from mid-March to mid-August on hospitalizations in Austin, Texas, the researchers found that…
Planning for the Future: The Northeast Transmission Line ccapoccia Fri, 03/01/2024 - 17:47 In just two years, 60% of the drinking water supply in the Houston, Texas, area — more than 500 million gallons per day (mgd) — will come from surface water. By 2034, the percentage is required to rise to 80%.
Construction data is at risk. Download this free data security white paper to learn why the industry is increasingly vulnerable to costly cyberattacks, and what your organization can do to mitigate the risk. . Learn how to protect it. Wed, 10/05/2022 - 14:05. Fill out the form to download the white paper. . .
Make sure to touch on the pain points of the current process and the improved efficiencies, lowered risks and potential for a new competitive edge using proposed technology upgrades. risk and field teams) during the evaluation process helps to ensure full buy-in. Managing Risk in the Digital Age, [link]. Check it out today.
Automating your workflows has proven to save time, reduce the risk of litigation and improve your reputation. A Guide to Construction Administration Eliminating Bottlenecks in Your RFI & Submittal Workflows mhodges Wed, 03/06/2024 - 08:42 Are bottlenecks in your RFI & Submittal workflows slowing you down?
Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control. These costs have surged due to a combination of factors, including supply chain disruptions, and high demand.
Responding to an increased risk of wildfire, Austin became the first major city in Texas to adopt a code aimed at curbing wildfires. The action came after an internal audit suggested the action could reduce the risk of wildfires, particularly in areas outside the urban core.
Two years ago in Alabama, OSHA found that both permanent and temporary employees at an auto parts manufacturer faced the danger of being caught in machinery or hit by objects and the risk of suffering amputations. The agency cited the manufacturer and its staffing firm, which face combined penalties of $106,020.
How to reduce the risk of every project. How agile project management can help you reduce project risk. This white paper, “Project Accounting: 5 Best Practices for Contractors,” describes how your accounting team can prevent scope creep and project risk from threatening your profitability. reduce risk. Greg Ragsdale.
Every 10 minutes, a dropped tool injures someone—here’s how to reduce the risk. It’s important to reduce, and ideally eliminate, this hazard at any and all worksites that present a dropped object risk, such as work at heights and work where tools may be lifted to heights. . . Greg Ragsdale. Wed, 04/29/2020 - 14:09.
AR-TX REDI, Texarkana’s regional economic development organization, is home to the REDI East Texas Logistics Center. The 850-acre site is publicly owned and controlled by AR-TX REDI, offering short development timelines with no risk. Read: BF Location Video: REDI East Texas Logistics Center at BusinessFacilities.com.
The reasons are clear and fundamental: from staying alive to being there for family, and from avoid life-changing injuries to saving money, mitigating legal risk and gaining productivity. Why is safety so important? These are the basics of a good life for workers, and good business for construction companies.
In an industry that involves large investments and risks, this can be the kiss of death to business productivity and profitability. According to a 2020 Accenture study, a staggering 75% of construction industry executives have their internal business functions competing instead of working together, with only 22% getting it right.
For insights into how industry challenges are propelling construction companies to mitigate or transfer risk and improve supplier relationships, AvidXchange tapped into industry experts. Technology can aid contractors, strengthen relationships and create efficiencies to help boost the bottom line. Do Not Sell My Personal Information.
Risk Management. Author Bio Richard Kohn and William Lathem are Risk Consultants at Cobbs Allen. They work with construction clients to bridge the gap between their liabilities and protecting their assets while bringing innovative vision to insurance broking to solve a company’s risk challenges. Promote to rotator No.
Risk Management. Author Bio Richard Kohn and William Lathem are Risk Consultants at Cobbs Allen. They work with construction clients to bridge the gap between their liabilities and protecting their assets while bringing innovative vision to insurance broking to solve a company’s risk challenges. Promote to rotator No.
Utilizing financial planning in the construction industry helps in forecasting and mitigating risks. Being aware of where most construction is happening in Texas in 2024 allows for market-specific financial planning. Proper financial management minimizes risks and maximizes returns on investment.
S&P averages over $500M in annual revenue and is a market leader in K-12 educational construction in Texas. Mitigating risk upfront with intelligent project data. They prefer to work with those willing to say, ‘I am going to give you every detail upfront.’” – Mike Diehl, Senior Vice President, S&P.
Implementing an automated accounts payable solution can help increase productivity, decrease risk, and provide better visibility into cash flow. Construction companies like you can gain efficiencies by implementing strategic technology offerings. Do Not Sell My Personal Information.
Underwater demolition of long-collapsed dock structure, which took one year in near-zero visibility, was just the first challenge facing the McCarthy-led project team.
Two recent cases in which both the host employer and the staffing agency were cited occurred in Alabama and Texas. In Alabama, OSHA found that both permanent and temporary employees at an auto parts manufacturer faced the danger of being caught in machinery or hit by objects and the risk of suffering amputations.
Reports indicate that construction workers in states with booming construction projects, such as California and Texas, tend to earn more. For example, workers involved in high-risk or specialized projects, such as bridge construction or oil platforms, tend to earn more than those working on residential projects.
A new report from the Columbia University Water Center, in conjunction with Veolia Water and Growing Blue, reveals that businesses and cities in America’s most iconic regions are now under greater risk of water scarcity. areas facing the highest climate-related risk of water shortages, including Washington, D.C ” The U.S.
Judge orders new engineering review of three-mile bollard barrier built by Fisher Sand and Gravel on sensitive Rio Grande bank, linked to pending lawsuit.
Our hearts go out to all of the people in Greater Houston and the Gulf Coast region of southeast Texas and southwest Louisiana who are coping with the worst flooding disaster in U.S. who rushed to join the legion of first responders in Texas. Our thoughts and prayers are with the folks in Texas and Louisiana today.
Embarking on a construction project in Texas entails navigating a web of legal requirements to ensure compliance. Understanding Zoning Laws and Permits Zoning Laws Zoning laws in Texas dictate how land can be used in different areas, impacting the type of construction permitted.
ENR Texas & Louisiana. Contractors Should Beware of Recovery Risks. Description: Contractors face recovery risk when they take on too much work after they’ve depleted their staff, cash and other resources. Risk management. BONUS: ENR Future Tech & ENR Risk Review at no additional charge. ENR New York. Format: HTML.
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