Risk Management

Pricing Risk in (and Out of) Construction Projects

Failure to trace the risk from the estimate through the turnover and startup phase of a project can lead to confusion, and worse yet, a failure by the project team to mitigate a risk identified at the estimate stage.

Construction Fire Safety Practices: What Superintendents Need to Know

Most—if not all—construction fires that have occurred over the last few decades were preventable. Here are some best practices to follow to avoid the risk of fire.

Digital Technology Can Resolve Low-Touch Claims in Hours, Not Days

With digital technology, minor claims can be processed faster—sometimes in a matter of hours. But automated claims processing need not come at the expense of personalized service.

Prospect of Controlling Risk Spurs IoT Tech Adoption

by Joanna Masterson | Apr 23, 2019
Risk | Risk Management | Safety | Technology

The top motivator for adopting IoT technology is the possibility of lowering insurance premiums (67 percent), followed by recovering lost time due to incidents and winning more work because of a strong safety record, according to a new study from Dodge Data & Analytics in partnership with Triax Technologies.

The Business Case for a Drug-free Workplace Program

by Patti Maluchnik | Apr 22, 2019
Risk Management | Safety | Wellness

Statistics regarding substance abuse within the construction industry are startling - and they translate to real-world costs in terms of lost time, personnel costs to rehire and healthcare and workers’ comp premiums.

Hold Harmless and Indemnity Provisions: What Did I Agree to Do?

Indemnity provisions usually include a requirement to hold harmless and defend another party. Generally, the upstream party tries to shift risk to a downstream party. Just because indemnity is legal doesn’t mean it’s fair.

Case Study: Chasing the Wrong Cause of Frost and Ice Damage in a Medical Facility

The general contractor of a 50-bed Midwest medical facility was facing a million dollar repair cost and a potential lawsuit due to winter frost and ice buildup in above-ceiling spaces, soffits and clerestories. The contractor found an innovative solution and avoided replacing the costly air barrier.

Five Ways to Build a Culture of Height Safety

Falls are OSHA’s most frequently cited violation, but there are ways to prevent falls and create a culture of height safety.

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CONSTRUCTION EXECUTIVE

Pricing Risk in (and Out of) Construction Projects

Construction Fire Safety Practices: What Superintendents Need to Know

Digital Technology Can Resolve Low-Touch Claims in Hours, Not Days

Prospect of Controlling Risk Spurs IoT Tech Adoption

The Business Case for a Drug-free Workplace Program

Hold Harmless and Indemnity Provisions: What Did I Agree to Do?

Case Study: Chasing the Wrong Cause of Frost and Ice Damage in a Medical Facility

Five Ways to Build a Culture of Height Safety

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