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...
“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...
“Pride goes before destruction, and haughtiness before a fall.” (Proverbs 16:18) A Personal Note One of the reasons I have loved my lifelong career in the construction industry is the people I have been privileged to work with. They’re my kind of people;...
Subject: the role of sureties You Can’t be a Surety So Learn to Act Like One Thirty years of accumulated study as a contractor, work-out specialist, consultant, and research professor have verified the following realities about risk in the construction industry:...
Risk is Not a Dirty Word Over the last thirty years I have conducted literally hundreds of seminars with construction professionals covering an array of issues concerning the business of contracting. Along the way I have noticed that whenever I bring up risk, the...
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...
