article thumbnail

Controlling Total Cost of Risk in Construction

Construction Business Owner

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.

Risk 358
article thumbnail

Understanding Driver Risk Is Paramount to Your Company’s Profits

Construction Business Owner

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.

professionals

Sign Up for our Newsletter

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

article thumbnail

How Improved Change Order Communication Can Reduce Risk for all Stakeholders

Construction Business Owner

Project teams are managing 10% of employee time and 25% of a project’s total cost on outdated methods including spreadsheets, email inboxes and paper-based time and material tags. reduce risk. Fill out the form on this page to register for this webinar. Cameron Page. Founder & CEO. Cameron Page leads Extracker as the founder and CEO.

article thumbnail

Top 5 Risks for Set-Aside Contractors

Construction Business Owner

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. Business Management. risk management. Greg Ragsdale. Promote to rotator No.

Risk 177
article thumbnail

How to Step Up Your Game on Loss Control & Claims Management

Construction Business Owner

How to Step Up Your Game on Loss Control & Claims Management. Risk Management. construction claims management. Author Bio Richard Kohn and William Lathem are Risk Consultants at Cobbs Allen. Cobbs Allen is an independent, national agency focused on risk management in niche practice groups.

Claims 156
article thumbnail

Construction Safety Degrees: What to Expect

Construction Business Owner

Columbia Southern University’s bachelor’s in occupational safety and health with a concentration in construction safety covers relevant topics handling hazardous materials, contractor safety, risk management and more. Please complete the form on this page to download this white paper.

Safety 177
article thumbnail

5 Ways Contractors Can Improve Profitability

Construction Business Owner

How to reduce the risk of every project. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project.