Remove Events Remove Industrial Remove Legal Remove Risk
article thumbnail

The Role of Construction Software Technology in Mitigating Risk

Viewpoint Construction Technology

Conflicts and other project risks can delay work and negatively impact bottom lines. If you do a little digging, you may notice that many industries utilise development and maintenance processes that are often repetitive and standardised across the scope of their operations. Technical and Legal and Compliance Issues.

Risk 130
article thumbnail

Tornadoes and Other Catastrophic Events Can Cripple a Construction Project—And How to Respond

Best Practices Construction Law

The preliminary investigation determined that the contractor was on an elevated platform while working on an industrial warehouse that was under construction. Evaluate site-specific risks. In short, a risk management plan requires that you do it, you put it in writing, you train your leaders about it, and your practice it.

professionals

Sign Up for our Newsletter

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

article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. Ever-present risks can delay or completely derail investments. With that said, construction risk management should be a priority for your company. WHAT IS CONSTRUCTION RISK MANAGEMENT?

Risk 62
article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

How Well Does Your Business Prioritize Construction Risk Management? Truth be told, every industry involves risk. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

Risk 62
article thumbnail

Adjusting During A Pandemic: Skepticism Abounds – It Can’t Happen to Me… or Can it? Part 2

FDR Safety

Table 2 provides one example for determining the risk for each hazard. By agreeing to the probability that an event may occur and then the potential severity of the event, then the risk can be determine. It is critical to remember the primary purpose of using Table 2 is to drive consistency between risk assessments.

Risk 156
article thumbnail

Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

article thumbnail

Construction quality management: Everything you need to know

Lets Build

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. A game of risk. Risk assessments are never glamorous, but they’re essential throughout the lifespan of any project.