by Simplar | Feb 24, 2021 | Risk Management, Weekly Construction Message
The Contract: A Risk Management Tool Deviation from Plans or Specification Disputes Contracting is a risky business. Construction projects are high cost, complex team efforts that play out over an extended time period (often many years) with plenty of financial risk...
by Simplar | Jan 14, 2021 | Risk Management
Recognizing and Managing Risk Evolving Market – Same Risks Are You Risking Your Company By Growing Too Fast The New Rules of Risk
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Building on Shifting Sands Millennium Tower in San Francisco is sinking and leaning. The 58-story tower has sunk 17 inches and tilted 14 inches since it was completed in 2008. Engineers want to drill hundreds of steel and concrete “micro piles” down to bedrock under...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
Another Low-Bid Loophole by Jake Smithwick, Assistant Professor, University of North Carolina at Charlotte Within the construction industry, the heavy/civil sector consists of site development and infrastructure projects, such as those related to earthwork, bridges,...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk Encounter Project risk in construction is defined in basic terms as unplanned cost or schedule changes that crop up during a construction project. Unplanned cost and schedule changes are ubiquitous in construction and have led to a universally negative...
by Simplar | Jan 14, 2021 | Risk Management
“Let’s Get Real” In a recent article I wrote the following: “There is a downside to the great market we are enjoying because some construction enterprises will grow too fast and the rate of growth can be lethal. Most construction enterprises were involuntarily...
