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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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 95

ESG, including Advantaged by Green Building, Requires Risk Oversight

Green Building Law Update

Such is problematic for corporate directors, in particular in their risk oversight role as they consider risk management policies to be implemented by the company’s management that are consistent with the board’s strategy and risk appetite.

Risk 168

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.

Risk 100

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 management plan in construction – A practical guide

Geniebelt

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

Risk 51

SEC Assessment of Climate Change Risks Still Mandated

Green Building Law Update

that it closed its investigation into whether the company had misled investors about the risks that climate change posed to its business.

Risk 130

Risks Construction Contractors Face While On The Job

Contractor Bookkeeping

As a matter of fact, contractors probably face more risks compared to regular employees, and they will always need construction contractors insurance to protect themselves. Let’s take a look at some of the risks contractors face while doing their job.

Risk 65

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

The Dotted Line: Mitigating the risk of unforeseen site conditions

Construction Dive

If a contractor signs a contract stating it's responsible for all conditions before doing its due diligence on site conditions, a contract expert said, it should anticipate schedule-killing litigation

DOT 113

Dotted Line: How to manage the risks of delegated design

Construction Dive

Here's how to limit the risks Taking responsibility for even a small portion of the design can expose contractors to increased liability.

DOT 83

Green Building Data Risk as an Opportunity

Green Building Law Update

business seeking to mitigate the risk associated with data protection. Unless disclosure is prohibited by state or local law or if data is not available or is confidential, Irrespective of any other provision contained herein, the above described exchange of data shall be as an accommodation only, to the maximum extent permitted by law AS – IS without representation or warranty of any kind or type, and use of the data is at the risk of the party using it.

Risk 100

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

Geniebelt

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. How we could define risk in a construction project.

Risk 104

Construction Risk Management Boosts Profits

Construction Informer

While 73 percent of executives feel that risks to their companies are on the rise, companies in general are not meeting the increased risks with improved risk management. In fact, only 12 percent of responding companies demonstrated qualities that marked them as true risk management leaders, according to a PwC U.S. risk review. Google+.

How maintaining warehouse floors can reduce the risk of accidents

Construction Marketing Blog

We might not consider it, but the underfoot conditions for this army of warehouse workers poses a big risk in many ways. The post How maintaining warehouse floors can reduce the risk of accidents appeared first on Construction Marketing Association Blog. Unemployment has dropped to below 5%, with positive employment figures showing that the economy added more than 230,000 new jobs in February. Yet, there has been much debate and concern over the state of industries – so how come?

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.

Risk 125

Report: $2.9 trillion worth of property at risk of flooding

Construction Dive

Forty million Americans are at risk of experiencing a flood event, two-thirds more than federal maps suggest, the report shows

Risk 74

Risk on the Horizon

Construction Business Owner

Risk 94

The Second Best Way to Mitigate Your Risk in Green Building

Green Building Law Update

The best way to mitigate risk in your green building project are properly drafted contract documents prepared by this law firm or by another attorney with green building experience. All of this works to allocate the legal risks of the green building project.

Risk 152

How to Achieve Acceptable Risk with TaBRA

FDR Safety

In past years I’ve written about the value of the ANSI B11 standards and risk assessment. Key to learning how risk assessment and feasible risk reduction work together is to undergo experiential learning. Presentation on risk assessment and feasible risk reduction. Participants better understand the reason why risk assessment must precede the determination of feasible risk reduction methods based upon the hazard control hierarchy.

Risk 100

Construction Risk Management Boosts Profits

Construction Informer

The post Construction Risk Management Boosts Profits appeared first on Construction Informer Blog - Construction Blog with Information, News, and Commentary. Construction Management construction risksGoogle+.

Risk 40

Georgia Power Takes on More Risk For Future Vogtle Cost Increases

ENR Construction

The utility agreed to demands that it shield the other project owners from the risk of future cost escalations

CDC, OSHA: Heat stress risk starts at 85 degrees Fahrenheit

Construction Dive

The Centers for Disease Control suggested that employers start screening workers for heat stress when the heat index reaches 85 F rather than the 91 F OSHA currently recommends

Risk 83

A simple way to do risk assessments

FDR Safety

Recently I’ve done dozens of Task Based Risk Assessments (TaBRA) for clients, and the experience always reinforces for me the importance of worker input and the relative speed in which an assessment can be performed. Risk assessment from the perspective of the worker began with, “I’m your kid… What part of your job has the greatest risk of injury?” The first level of risk assessment comes from the worker.

Risk 138

Uncertainty, Volatility And High Risk Environment As Top Challenges In 2015

Business Facilities Blog

More boards reallocating oversight duties as risk environment strains audit committee agendas. Uncertainty, Volatility And High Risk Environment As Top Challenges In 2015 appeared first on Business Facilities (BF) Magazine. Business Facilities (BF) Magazine.

Risk 70

Building Blocks For Solid Risk Management

Construction Business Owner

Part of an effective risk management program involves monitoring the industry and economic trends that could affect your business. Cal Beyer is the director of risk management at Lakeside Industries in Issaquah, Washington.

Risk 93

10 Ways to Reduce Construction Risk with Collaboration

Building Information Management

10 Ways to Reduce Construction Risk with Collaboration. Risk is reduced by sharing information will a project participant from concept through completion. Shared risk/reward.

Risk 52

Construction Work Accidents- Where Do the Risks Lie?

Constructonomics

Whilst the UK construction industry continues to see growth month on month, it still remains a potentially dangerous industry to be a part of, with the risk of injury apparent every day. To help highlight where the risks lie, the HSE release figures every year detailing stats on the number of injuries and accidents that have been reported and how they have been caused.

Managing Your Third-Party Risk

Construction Equipment

Most construction companies don’t effectively transfer risk to the right parties and are not protecting themselves or other required parties according to the contract. Michael Alberico outlines four steps to effectively transfer third-party risk.

Risk 79

Defining acceptable risk in LOTO or machine guarding

FDR Safety

Safety professionals concerned with safety, efficiency and compliance should have the concepts of “acceptable risk” and “feasibility” in the forefront of their thinking. In every case, the “acceptable risk” and “feasibility” of lockout/tagout or machine guarding was the central issue. and international safety standards recognize that zero risk does not exist. Risk can be reduced or traded but not eliminated.

Working to Reduce the Risk

Construction Business Owner

According to industry experts at risk management and commercial insurance brokerage firm Cavignac & Associates, in 2017, most business owners will be able to negotiate flat rates and some businesses may even see rate reductions

Ports And FTZs: Enter With Less Risk

Business Facilities Blog

Read Ports And FTZs: Enter With Less Risk on Business Facilities - Economic Development, Site Selection & Workforce Solutions. By the BF Staff. From the September/October 2016 Issue.

Risk 84

Despite Added Costs, Georgia Power OK With Vogtle Risks

ENR Construction

to assume more contractual risk and continue the Plant Vogtle nuclear expansion—now estimated at $27 billion—matches the utility’s earlier assessment that contractors can deliver the long-delayed project on the current schedule Georgia Power’s Sept.

The Inside Scoop on Construction Manager at Risk Delivery Method

Wolgast Corporation Blog

By hiring a Construction Manager at Risk (CMAR) you’re getting a construction consultant on your team who handles all aspects of your building from design through warranty for a guaranteed maximum price. Construction Management Good for Business Risk Management

Risk 52

Hurricanes Propel Forward Thinking on Risk, Resilience

ENR Construction

Risk 72

Report: $2.9 trillion worth of property at risk from flooding

Construction Dive

Forty million Americans are at risk of experiencing a flood event, two-thirds more than federal maps suggest, the report shows

Risk 52

In New Report, Boards Voice Concerns Over Risks

Buisness Facilities Contributed Content

EisnerAmper has issued its fifth annual Board of Directors Survey, Concerns About Risks Confronting Boards , designed to gain insight into the risks that are top of mind in today’s boardrooms. Other than financial risk, respondents were asked to identify risks of most concern.

Risk 61

Engineers: Give Us the Risk Realities for Autonomous Vehicles

ENR Construction

As Google, Uber, Amazon and Tesla work to transform transportation, there’s an important task that should be taken up by civil engineers: better informing the public about the risks

3 Areas of Risk Reshaping the Construction Market in 2018

Construction Business Owner

What should construction companies budget for builder’s risk insurance? There are many questions concerning the insurance and surety marketplace for construction in the United States in 2018. Will auto insurance rates continue to increase?