From Risk to Resiliency

Constructech

A key to resiliency in business is recognizing, analyzing, and addressing risks. The findings suggest a significant perception gap with firms’ risk management functions prioritizing short-term threats over those that are high-severity but lower-frequency.

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Construction Project Risk Management

CivilSeek

Construction Project Insurance – Phases Involved in Risk Management Process. Every construction project stage involves a certain magnitude of risk, which may begin or. The post Construction Project Risk Management appeared first on CivilSeek.

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Contracts need risk management

Construction Law

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. It is poor risk management, unsuited to the increasingly sophisticated commercial world that contractors have to inhabit.

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The Risks of Disconnection in Field Service

Construction Marketing

The post The Risks of Disconnection in Field Service appeared first on Construction Marketing Association Blog. A successful field service business is built on service. But what exactly does this mean and what does it require?

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Huh? Ugh! LOL: The Top Ten-tions of Construction Law and Contracts

Speaker: Matthew DeVries, Construction Law Attorney and National Blogger

The construction environment changed more in 2020 than any prior year—whether the parties were faced with government shutdowns, new health and safety restrictions, or overall financial strains. Yet, many projects remained on target and successfully reached the finish line this year. The rights and responsibilities of parties involved in a construction project are mainly dependent upon the contract or agreement between them, and there is no better time than to review your contractual obligations to identify risk pitfalls and ensure success. Join construction law attorney and national blogger Matthew DeVries as he discusses the top tensions on a construction project and how to avoid disputes.

Risk Assessment: Hydrogen

Constructech

The past year, 2020, has made “risk assessment” a common term among health, business, and government leaders across the globe. The coronavirus and COVID-19 made everyone into a personal risk manager. The main risk when handling hydrogen is of explosion when mixed with air.

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Risk management plan in construction – A practical guide

Lets Build

There is never a time when a construction company is not going to take at least a little risk with their projects. In that sense, it is no exaggeration to claim that an exhaustive risk management plan is a ‘must have’ in your construction operations. Nevertheless, putting together a functional risk management plan isn’t always. Construction construction construction risk management risk management risk management plan

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Climate Risks Increasingly Important In Real Estate Investment Decisions

Business Facilities

Real estate investors commonly view local climate risks — such as wildfires, frequent and intense storms and sea-level rise — as core factors in investment decision-making. Read: Climate Risks Increasingly Important In Real Estate Investment Decisions at BusinessFacilities.com.

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Risk Management in Construction Projects

The Constructor

Risk management in construction industry is an important part of the project planning and management. Various risks associated with construction. Construction Engineering & Management Construction Management Construction Project

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Risk Exposure

Mr Ethics

Dear Mr. Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Construction parties should be assuming that risk exposure that they control through their performance of work, services and/or actions.

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You Can't Improve Construction Safety from Inside a Filing Cabinet

How mobile technology can mitigate risk, save money, and provide a competitive advantage

Risk Exposure

Mr Ethics

Dear Mr. Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Construction parties should be assuming that risk exposure that they control through their performance of work, services and/or actions.

Risk 100

Risk Exposure

Mr Ethics

Dear Mr. Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Construction parties should be assuming that risk exposure that they control through their performance of work, services and/or actions.

Risk 100

Derailment inquiry exposes risk management shortfalls

Construction Law

What has emerged so far reveals a systemic failure in the risk management and inspection procedures that underpin the maintenance regime of our ageing railway infrastructure, at least on that part of the railway network, but probably UK wide. Blog and Comment Comment railways risk management

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LEED can Help Mitigate Legal Risks in ESG Disclosures

Green Building Law Update

This blog post highlights the legal risk associated with ESG disclosures and proffers that with green building practices companies can mitigate their legal risk while still being responsive to the trend of investor demands for more disclosure. Public companies in the U.S.

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How to Manage Catastrophic Construction Risk

Construction Business Owner

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.

Balancing Risk and Opportunity Through Better Decisions

ENR Construction

Cyber risk runs deep. Is your organization making informed decisions around is cyber budget? Aon’s 2021 Cyber Security Report helps answer this question for the Construction industry

At Risk: IT, OT, IoT

Constructech

Despite the risks, 54% don’t believe their personal devices pose any security risk/threat to their organization. Implement technical measures that can mitigate risk, like endpoint security, email authentication, and intrusion prevention software. How much is your data worth?

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Plan Ahead to Manage Change and Construction Risk

Viewpoint Construction Technology

How Can Contractors Manage Risk

Is There Risk in Your Fleet?

Contractor Magazine

Learn the Risks - Take the Quiz

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4 Trends in Construction Risk to Watch in 2020

Construction Business Owner

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.

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Post-Pandemic Industrial Parks: Risk-Resilient, Resource Efficient

Business Facilities

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.

Cyber Risks Concern Grow: Study

Construction Equipment

The Travelers Companies’ 2020 Travelers Risk Index found that fewer companies than last year have taken steps to mitigate cyber risks, even though the level of concern about these threats has increased during the Covid-19 pandemic.

The 6 Rules of Risk Mitigation in Construction Contracts

Construction Business Owner

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.

Construction Risk Management: What to do when your project goes wrong

Lets Build

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Check out this #awesome construction risk management guide Click To Tweet. How we could define risk in a construction project. Types of risk in construction. Legal Risks.

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A New Year of Risk

Construction Business Owner

5 economic risks and construction-specific challenges contractors will face in 2019

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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.

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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. Ever-present risks can delay or completely derail investments. With that said, construction risk management should be a priority for your company. Legal Risks.

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Study confirms construction during pandemic puts workers, community at risk

Construction Dive

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

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The power of risk assessment

FDR Safety

But the fact is that resources and time are finite and that is where a very real-world tool, used extensively by professionals in finance, operations and other disciplines, becomes extraordinarily valuable to safety professionals – risk assessment. Simply put, risk assessment prioritizes the safety hazards in a workplace according to their severity and likelihood of occurrence. The truth is that in the workplace, as in life, there is no such thing as a totally risk free environment.

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Add a wobbly moon to flooding risk factors

BD+C

As if rising sea levels and increasingly powerful storms were not enough, add the wobbly orbit of the moon to flood risk factors. Scientists say fluctuations in the moon’s orbit will lead to a spate of fair weather flooding beginning in the mid-2030s.

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A Guide to Managing the Risks of Working at Height

Construction Business Owner

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

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What Ants Teach Us About Mitigating Project Risks

Contractor Magazine

How can you mitigate risk and equip your teams to make good choices? Technology

Autodesk machine learning tool ranks jobsite risks

Construction Dive

Construction IQ algorithms pore through thousands of safety and quality issues to steer project leads and executives toward those that are most urgent

By predicting risk, AI tool shapes top firms' safety conversations

Construction Dive

to understand and proactively target the most pressing risks on their projects Contractors like Suffolk, Shawmut and AECOM are using Smartvid.io

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The Dotted Line: Mitigating the risks of technology

Construction Dive

It's all about the allocation of risk, legal experts explain. Humans are responsible for computing errors just as they would be for a bulldozer mishap

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PTD Before Risk Assessment: A Historical Perspective

FDR Safety

This article will show that before risk assessment innovative initiatives that might currently be considered PTD efforts resulted from collaboration of safety and engineering personnel primarily relying on assessments of feasibility. Applying lessons learned from individual projects was problematic because no practical risk assessment methodologies were in use. The advent of risk assessment for manufacturing in the late 1990s established the foundation for today’s PTD initiatives.

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Virtual Event Series Talks Risk Assessment, Management

Construction Equipment

Occupational safety and health professionals can learn how to effectively assess and manage the risks their organizations face by attending SafetyFOCUS: Risk Assessment and Management, a two-day virtual event offered by the American Society of Safety Professionals (ASSP).

Readers Respond: Don't shut down sites in high-risk areas

Construction Dive

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

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Plan Ahead to Manage Change and Construction Risk

Viewpoint Construction Technology

How Can Contractors Manage Risk? Risk itself, especially risk caused by large economic forces, isn’t usually something individual businesses can control. That being said, the best way to manage risk in the construction industry is to have a solid game plan. But at its most basic level, strategic planning for risk management means deciding which changing conditions you should pay attention to, when your business will adjust to changing conditions and how you’ll respond.

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