Business Risk

Construction Contract Payment Terms Aren’t Worth the Paper They’re Printed On

As construction becomes more complicated and project participants have no direct contractual relationship with others on the project, there is an element of fear (and risk) that leads to overly complicated contracts.

Detect and Prevent Construction Fraud

By understanding the traits of a typical fraudster and steps to take to reduce the likelihood of insider theft, construction business owners can focus on protecting their liabilities, securing new contracts and overseeing their clients’ projects.

Clear Guidelines for P3s Are Key to Success

Having pre-determined analytical processes can add significant levels of certainty to project procurement. This typically takes the form of a value for money analysis that assesses whether the public sector would see increased value by delivering the proposed project through a P3 rather than through traditional procurement.

Construction Accounting Risk at Macro and Project Levels

Construction accounting is difficult on both a weekly project basis and a company-wide business reporting level, but proper application of best practices can smooth out processes and make sure the firm is in the best possible position to be paid fairly.

Construction Sector Experiences Heightened Vulnerability to Fraud and Cyber Risks

Ninety-three percent of construction, engineering and infrastructure sector executives said their companies had experienced a cyber incident or information theft, loss or attack in the past year.

Five Essential Components of an Accident Response Plan

With the construction industry facing a skilled labor shortage, new and inexperienced workers are entering the field. These workers may be more vulnerable to injury, making it hugely important for general contractors to create a culture of safety for their employees, subcontractors and craft professionals.

How to Determine Whether a Project Is Worth the Risk

When presented with a project opportunity, many contractors quickly respond with enthusiasm before thoroughly considering whether taking on the project makes sense for their business. Fortunately, there is a better way to evaluate projects that balances the optimism of a win with the practical need to make a profit.

Major Events Affecting the Construction Industry

by Tyler Riddell | Dec 15, 2017
Business | Business Development | Business Risk | Economy

Events and issues plaguing the U.S. construction industry include a labor shortage, stagnant profitability and productivity, increasing construction material costs, environmental sustainability and technological advancements and disruption.

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Construction Contract Payment Terms Aren’t Worth the Paper They’re Printed On

Detect and Prevent Construction Fraud

Clear Guidelines for P3s Are Key to Success

Construction Accounting Risk at Macro and Project Levels

Construction Sector Experiences Heightened Vulnerability to Fraud and Cyber Risks

Five Essential Components of an Accident Response Plan

How to Determine Whether a Project Is Worth the Risk

Major Events Affecting the Construction Industry

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