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Construction Risk Management

Civil Engineer Blog

Risk Management Construction professionals need to know how to balance the contingencies of risk with their specific contractual, financial, operational and organizational requirements. In order to achieve this balance, proper risk identification and risk analysis is required.

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Clayco risk manager on success: ‘We want people to just feel safe’

Construction Dive

Todd Friis, senior vice president of risk management for the Chicago builder, says he sometimes has to get creative in order to improve jobsite safety.

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Construction risk management: The tech advantage

Construction Dive

Learn how today’s technology can address some of the construction industry’s biggest challenges.

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Why Automated Processes in Construction Lending are Key to Risk Management

Rabbet

banks analyzed have insufficient risk management processes. Banks and lending institutions are under pressure to improve their risk management processes, whether that’s protecting data from a global outage or mitigating employee errors. These disjointed tools do not provide real-time portfolio visibility.

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What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

A well-calculated contingency helps mitigate these risks, providing a buffer that allows the project to stay on track financially. For large capital projects, understanding the role of risk, uncertainty, and contingency is crucial, as outlined in Linesight’s insights.

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Risk Management: Safety First

For Construction Pros

The legality and science of risk management is quite well known among most contractors and is growing in need to be embraced, understood, and practiced by all specialty contractors.

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Procurement Risk Management in Construction Projects: Strategies and Tools

Building Radar

Procurement risk management is a critical aspect of construction project management, ensuring that projects are completed on time, within budget, and to the required quality standards. Effective risk management strategies can help mitigate potential issues that may arise during the procurement process.