Risk Management

Shift Risk of Materials Price Increases With Price Escalation Clauses

by Christopher Horton, Eugene J. Heady | Aug 24, 2021
Contracts | Legal and Regulatory | Risk Management

Who bears the responsibility for increases in materials costs—the owner, contractor or subcontractors—and what can be done to shift the risk going forward?

Current Challenges Facing Commercial Construction Projects

Shortages of computer chips, delivery drivers and petrochemical products are causing major delays and increasing costs on construction projects.

Paving the Way to Managing Workers’ Compensation Claim Costs

by Amanda Conley | Aug 24, 2021
Careers | Risk Management | Workforce

A comprehensive light-duty program is a tried-and-true method for controlling workers’ compensation costs. While the construction industry may not generate many inherently light-duty positions, many work restrictions can be accommodated with a little creativity.

Tips to Identify and Mitigate Risks on Construction Sites

by Zachary Perecman | Aug 18, 2021
OSHA | Risk Management | Safety

Risk identification and risk-mitigating strategies will help keep the job running safely, smoothly and effectively. Worker safety should always be the first priority.

Understanding Builder’s Risk Insurance Coverages and Exclusions

by Erin Rotz | Aug 18, 2021
Insurance | Risk Management | Safety

Builder’s risk insurance can help protect buildings under construction. Contractors should check conditions and exclusions to understand what is and isn’t covered.

The Best Laid Plans: Contingency in a Construction Contract

by Josh Levy, Samantha Schacht, Katesha Long | Aug 10, 2021
Contracts | Legal and Regulatory | Risk Management

Having contingency funds set aside to cover the unexpected allow projects to continue more efficiently.

A Construction Executive’s Personal Liability for Employment Decisions

by James T. Dixon | Aug 10, 2021
Dispute Resolution | Human Resources | Legal and Regulatory | Risk Management

Liability for negligent hiring, supervision and retention of employees is a risk for tort claims. Fortunately, the risk can be mitigated by best practices and losses can be covered by insurance.

The Hidden Cost of Ladders: Construction Injuries

by Jennifer Stiansen | Aug 9, 2021
Departments | Risk Management | Safety

Ladders can lead to occupational hazards, including ergonomic and overexertion injuries due to strenuous movements or from carrying or transporting them between work locations.

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Shift Risk of Materials Price Increases With Price Escalation Clauses

Current Challenges Facing Commercial Construction Projects

Paving the Way to Managing Workers’ Compensation Claim Costs

Tips to Identify and Mitigate Risks on Construction Sites

Understanding Builder’s Risk Insurance Coverages and Exclusions

The Best Laid Plans: Contingency in a Construction Contract

A Construction Executive’s Personal Liability for Employment Decisions

The Hidden Cost of Ladders: Construction Injuries

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