A new SmartMarket Report from Dodge Data & Analytics, “Managing Risk in the Construction Industry,” reveals essential intelligence on the risks faced by building owners, general contractors and trade contractors and the benefits achieved from specific risk evaluation and mitigation practices.
The study demonstrates how collaboration between building owners, general contractors and subcontractors can aid in keeping construction project costs under control, result in a timely delivery and enhance the safety environment.
This study, which includes more than 500 building owners, general contractors and trade contractor respondents, provides a comprehensive look at risk management. It reveals the top risks faced by owners, general contractors and trade contractors, and the prevalence of disputes and claims; the most effective risk evaluation and mitigation strategies; the specific benefits that industry professionals experience from employing those strategies; and evidence of the importance of collaboration as a critical means of mitigating risk.
The report is available to download for free