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Home » Topic » Risk » Risk Management

COVID-19: What Contractors Should Do Now to Manage and Mitigate Risks

by Daniel A. Kapner | Jun 11, 2020
Risk | Risk Management

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

by Richard P. Higgins | Jun 10, 2020
Risk Management | Safety

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.

Five Easy Ways to Remove Risk From the AIA A201-2017

by Kenneth E. Rubinstein, Lexie R. Pereira | Jun 3, 2020
Contracts | Legal and Regulatory | Risk | Risk Management

Contractors can “de-risk” their owner contracts without creating unwanted conflict with these five readily-accepted revisions to the AIA-A201.

Don’t Be a Casualty of the COVID-19 Recession

by Nate Budde | Jun 3, 2020
Business | Business Development | Business Risk | Economy | Finance | Risk | Risk Management

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.

Reduce Construction Risk With Artificial Intelligence and Machine Learning

by Adam P. Handfinger, Kris Lengieza | Jun 2, 2020
Artificial Intelligence | Risk Management | Technology

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

by Leslie A. Boe | May 28, 2020
Business | Business Development | Project Management | Risk Management

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

by Frederick D. Cruz, Jane Davidson | May 20, 2020
Cybersecurity | Risk | Risk Management | Technology

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.

Crash the Company Car?

by Remmie Butchko | May 20, 2020
Insurance | Risk | Risk Management | Safety

Companies are usually responsible for employee actions while on the clock, so if an employee has an accident with a company vehicle, minimize the risk with five steps.
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