Subcontractor Risk Management

ProCore

Subcontractor risk management is unique because of their place in the construction money chain. Contracts are the primary way risks get managed in construction. For subcontractors, the risks often flow down to them. construction risk management construction subcontractors

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Reducing Risk Through Transparency and Accountability

ProCore

Mitigating or outright eliminating risks is one of the key objectives for any construction company. construction risk management

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Trending Sources

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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3 Risk Factors of IPD

ProCore

Integrated project delivery is becoming more and more of an accepted practice in the construction industry. Ultimately, IPD projects seek to blend multiple efforts into a process where everyone’s talents and insights are harnessed.

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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

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.

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.

Task based risk assessment provides ‘voice of factory floor’

FDR Safety

When assessing the safety risks of a work task, the devil is in the details, and who knows the details better than the employees who perform the task. That is one of the guiding principles behind Task Based Risk Assessment, or TaBRA for short. It can be thought of as the “voice of the factory floor” and is a very important tool in the safety pro’s kit because it quickly and efficiently determines the risk of a particular task.

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How Bechtel Limits Risk on Possible Big Plant-Vogtle Role

ENR Construction

Progress photos at risk of FoP changes?

Extranet Evolution

Proposed EU changes to national Freedom of Panorama (FoP) rights could affect individuals and organisations taking photographs or videos of construction works and sharing them in commercial platforms.

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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+.

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

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 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

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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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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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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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.

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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Risks of Creating Commercial Construction Timetables

ProCore

The construction timetable provides a broad overview of the parts of a project and the durations of each part. Timetables for commercial construction can be used by bankers, underwriters, investors as well as many others to make decisions about the overall project.

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

Inside the Risks of Construction Drawings: The Case of the Hourglass

ProCore

Of all construction documents, construction drawings hold the most promise of communicating design intent, but also the greatest chance of missing that opportunity.

Check Out Part 1 of Our Newest Project Management Guide

ProCore

From assessing risk to organizing documentation and ensuring that projects stay on schedule, project managers have a vast amount of responsibility and are crucial to the overall success of a project. risk management project management drawing management

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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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

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

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

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.

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

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.

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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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

Hanford PUREX Tunnel 2 at Risk of Collapse

ENR Construction

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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.

Infrastructure Grants at Risk?

Construction Equipment

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?

As Canada Parliament Weighs Infrastructure Bank, New Risks Seen

ENR Construction

Issues loom in possible bank funding of country's first high-speed rail project