Risk Management
Every aspect of the construction industry has been affected not only by the virus itself, but by the economic and regulatory pressures imposed by government reactions to the crisis, to include federal, state and local.
COVID-19: What Contractors Should Do Now to Manage and Mitigate Risks
While the COVID-19 pandemic will undoubtably give rise to claims, disputes and lawsuits, it is still too early to predict the full extent of impacts to the industry. In the short term, construction companies should take all steps available to mitigate potential liabilities.
Succession Planning Is More Important Today Than Ever
Contractors need a succession plan that identifies successors and their roles, financial and contract authorizations, access to key data and contact information for key advisers.
Don’t Be a Casualty of the COVID-19 Recession
Understanding cash needs, making cuts for efficiency, focusing on the best projects and protecting lien and bond claim rights can help contractors fend off the recession’s financial risk.
Five Easy Ways to Remove Risk From the AIA A201-2017
Contractors can “de-risk” their owner contracts without creating unwanted conflict with these five readily-accepted revisions to the AIA-A201.
Reduce Construction Risk With Artificial Intelligence and Machine Learning
Artificial intelligence and machine learning are powerful tools to reduce construction risks. Understanding the technology, where to find it and how to use it are critical to mitigating risk.
Project Management Teams Must Be Trained to Properly Document Projects
Whether prosecuting or defending a claim, having the appropriate documentation will pay off. Contractors should make sure project management teams are properly trained so they have the documentation needed to be successful in defending or prosecuting construction claims.
Best Practices for Data Privacy and Cybersecurity in a Virtual Construction Work Environment
The transition to remote work requires contractors to be aware of creative phishing attempts, potential data breaches, vulnerability to ransomware and malware, in addition to privacy threats.











