by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk EncounterĀ Project riskĀ in construction is defined in basic terms asĀ unplanned cost or schedule changes that crop up during a construction project.Ā Unplanned cost and schedule changesĀ are ubiquitous in construction and have led to a universally negative...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
The Surety Constructionās āSports Bookā Sureties operate the āsports bookā for the construction industry. They handicap risk by setting rates and issuing bonds. They ābookā the contractorās bet that he will complete a project as contracted. They āset the lineā....
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Managing Risk in the Current Boom Ā For the past year, this blog has been dealing with the risks hidden in growth and the strategy and tactics required to deal effectively with a volatile construction market. Letās listen in to an enlightening discussion among...
by Simplar | Jan 14, 2021 | Risk Management
Risk Analysis Ā āMitigating the Hidden Risks – In the āNew Normalā construction environment the construction industry, high risk to begin with, is operating in a new post-recession landscape, characterized by tighter margins and serious labor shortages with less...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Present Moment Management During Evolving Market Cycles Ā I have expressed concern since the onset of this pandemic that the construction industry does not recognize the reality of the market downturn that is overtaking us. It is difficult to react to changing market...
by Simplar | Jan 14, 2021 | Risk Management
A Megaproject True Story Ā You donāt have to look very far to find megaprojects to illustrate the causes of failure we have been discussing. The contracting team Purple Line Transit Constructors, building the Purple Line light rail in Washington D.C. announced plans...
