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The cost of allocating design risk to contractors

Construction Dive

Design flaws are a constant risk in construction, but the contractual allocation of that risk can sway considerably from project to project.

Risk 99
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4 ways AI impacts building design beyond dramatic imagery

BD+C

4 ways AI impacts building design beyond dramatic imagery 0 qpurcell Thu, 10/03/2024 - 07:52 AEC Tech Kristen Forward, Design Technology Futures Leader, NBBJ, shows four ways the firm is using AI to generate value for its clients. Image courtesy NBBJ 1.

Design 98
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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Builders Risk Insurance.

Insurance 156
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Top 10 Contractor Mistakes

Viewpoint Construction Technology

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. Let’s explore 10 of the most common mistakes made by contractors with the best way to avoid the worst. Neglecting Safety Measures.

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What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

These unforeseen expenses can include anything from unexpected site conditions to design changes, material price increases, or delays caused by weather. A well-calculated contingency helps mitigate these risks, providing a buffer that allows the project to stay on track financially.

Budget 52
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Top 135 Contractors for 2020

BD+C

Turner, Whiting-Turner, and STO Building Group head the rankings of the nation's largest general contractors, CM at risk firms, and design-builders for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction 's 2020 Giants 400 Report. .

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What is ‘Construction Management at Risk (CMAR)’: Understanding the CMAR Delivery Method

Building Radar

Construction Management at Risk (CMAR) is a project delivery method that has become increasingly popular in the construction industry due to its unique approach to managing risk and ensuring project success. Understanding Construction Management at Risk (CMAR) What is CMAR? Learn more about this method on ProjectSight.

Risk 40