Evaluating Natural Disaster Risk In Site Selection

Business Facilities Blog

Companies are asking themselves in the wake of these catastrophic and costly storms, are we adequately evaluating the risk of natural disasters when deciding where to locate new facilities? Hurricane Risk. Earthquake Risk. Wildfire Risk. Tornado Risk.

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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Trending Sources

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+.

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.

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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

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.

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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.

OSHA citing maintenance equipment violations despite low risk

FDR Safety

Typically, these machines are used for low-risk tasks performed by skilled workers. Despite the low risk, OSHA often is alleging that typical equipment in maintenance areas is “non-compliant.” The end result is that very reputable companies are experiencing serious violations with thousands of dollars in penalties where compliance is, at best, a very gray area. Despite the very low risk, OSHA is indeed citing for the things noted above.

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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

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.

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.

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Working to Reduce Risk in Your Company

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

Businesses At Risk Of Losing Top Talent

Buisness Facilities Contributed Content

Businesses At Risk Of Losing Top Talent originally appeared on Business Facilities (BF) Magazine. Businesses must adjust how they nurture loyalty among Millennials or risk losing a large percentage of their workforces, according to Deloitte’s fifth annual Millennial Survey.

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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.

Federal Facilities at High Risk

Building Information Management

Each year the GAO updates its “High Risk Series” This is a report on areas of critical concern at the Federal level, yet not being properly address.

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Hurricanes Propel Forward Thinking on Risk, Resilience

ENR Construction

How Bechtel Limits Risk on Possible Big Plant-Vogtle Role

ENR Construction

Survey: Workers Intentionally Take 'Calculated' Safety Risks

ENR Construction

What remains to be learned is exactly why workers do it so often

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Risk Allocation: What AIA's New Standard Form Agreements Say

ENR Construction

The new AIA standard form agreements take a more expansive view of risk allocation

Risk Evaluation Data Provides Money-Saving Insight

Construction Business Owner

You might know your company’s annual revenue, but have you ever conducted a risk evaluation? What are the true numbers of your business? Have you analyzed the data you provide to your insurance carrier to identify areas of improvement within your company

Cyber Risk and the 'Biggest Class Exposure We Could Ever Imagine'

ENR Construction

An insurance CEO sees big changes ahead for risk and insurance

Commercial Construction Operations: Pulling Back the Curtain on Behind-the-Scenes Roles

Commercial Construction

Risk Manager and Safety Officer. Everyone on a construction job site is responsible for creating a safe work environment, but typically a commercial contractor also has a designated risk manager and/or safety officer who ensures construction safety guidelines are being followed.

The Risk Picture Remained Busy in 2016

ENR Construction

An uptick in fatalities raises awareness and unusual bridge flaws led to many problems

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Contractors Request and Pay For Untested Builders Risk Exclusions

ENR Construction

Until recently, the list of what would be covered or excluded in a typical builders risk insurance policy was often a cut-and-dried affair

Black & Veatch's Triplett: Risk Control Shouldn't Hinder Growth

ENR Construction

Triplett of Black & Veatch outlines the company’s risk-control framework as it aims for better than 20% annual growth. Timothy W. Business Management

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Fluor's Paul Bruno: How We Approach Risk Management

ENR Construction

“If it can be identified, managed and mitigated, any risk can be tolerated,” the company's managing general counsel told the ENR Risk Summit audience in Dallas.

What Area of Risk Has Most Affected the Industry this Year?

Construction Business Owner

As an EHS guy, I believe the biggest risk in construction continues to be people and their safety Glenn Trout. President & CEO. VelocityEHS.

6 Ways to Manage Risk through Comprehensive Training

Construction Business Owner

Making sure employees know their safety requirements is critical not just for the success of the business, but also for the safety of employees and the environment.

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.

Managing risk when building in challenging locations

BD+C

To remain competitive and expand their businesses, smart leaders of architecture and engineering firms are constantly on the lookout for fresh opportunities. This can mean collaborating with new partners and patrons, acquiring new expertise, and exploring new geographical frontiers. The latter case holds some strong appeal.

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Update: Hanford Nuclear Site at High Risk for Another Collapse

Construction Equipment

Department of Energy said Friday that a second tunnel filled with radio-active waste is at high risk of collapsing at the Hanford site. The U.S. Hanford is located in south-central Washington state and for decades made plutonium for nuclear weapons

Risk and the Energy Industry

Construction Business Owner

The interest in rooftop photovoltaic (PV) system installation continues to steadily increase. The growth of the solar industry has led to an investment of more than $17.8 billion in 2014. Last year alone, the U.S.

Major Risks Facing Public Real Property Owners

Building Information Management

Major Risks Facing Public Real Property Owners. projects create inherent risks during the procurement and execution processes. I regularly see articles about how great real property owners are, or how the facility management staff performs well, but may be misunderstood. Unfortunately, I am reminded of the story about the emperor with no clothes. Do real property owners and facility managers actually think they are doing a good job?

Team Outwits Deadly Risks on Copenhagen Metro Expansion

ENR Construction

At Copenhagen’s lengthy Metro expansion, construction crews dodge killer contaminants, skirt around historic building foundations and stay on track

Airports Assess The Risks to Runways of Rising Seas

ENR Construction

After Superstorm Sandy hit in 2012, science and news organization Climate Central identified the top 12 U.S. airports vulnerable to storm-surge flooding accelerated by sea-level rise

Covering Risks in Design-Build

ENR Construction

Contractors should beware of standard forms of agreement with language that may create a fiduciary responsibility to an owner in a design-build contract. Opinion

Infrastructure Grants at Risk?

Construction Equipment

New Risks May Arise From Operations and Maintenance Contracts on P3s

ENR Construction

O&M contractors should engage in solid life-cycle planning to reduce their potential risks. Business Management

Hanford PUREX Tunnel 2 at Risk of Collapse

ENR Construction

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