Posts Tagged 'RIsk'

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Negligence Claim Proves Designers Can Be Held Directly Liable to Subcontractors

Is it reasonable for a subcontractor bidding on a design-build project to assume that the designer has followed the owner’s requirements in preparing the preliminary design documents? The answer is yes, according to a recent ruling by the U.S. Court of Appeals for the 11th Circuit, which affirmed a jury verdict from the District Court. The ruling was in favor of two paving subcontractors against the project engineer, Jacobs Engineering Group, Inc. 

Negotiating a Contract: Clauses, Changes and Delays

Beginning with a sound construction contract can have a significant impact on a firm’s profit, loss, reputation and overall ability to manage a project. 

Risk shifting is the contracting norm, and attorneys across the country scrutinize contract clauses when deciding which client will prevail. In the sterile vacuum of negotiation, the owner and contractor presumably reached an understanding of the meaning of the contract terms. However, once a dispute arises that impacts costs or project milestones, the meeting of the minds becomes cloudy. 

There Is Pervasive Non-compliance With the IBC for Fire-rated HVAC Assemblies

A recent multi-state market analysis has revealed that industry standard horizontal HVAC fire-rated duct assemblies are not in compliance with requirements of the International Building Code (IBC).  

Widely used in multi-story and commercial structures of all types, horizontal HVAC fire-rated duct assemblies serve a basic purpose: to manage hot gases for a period of time during a fire so occupants and first responders are safe. Specifically, these fire-rated duct systems must be rated for two hours or more. 

Job Planning and Risk Assessment Under NFPA 70E 2018

While there are guidelines and requirements in place to help prevent electrical accidents, there is still a lot of room for error and oversight during the course of a busy workday. According to OSHA data, there are 30,000 arcs and 7,000 burn injuries per year, and more than 2,000 people are admitted to the hospital with severe arc flash burns annually.

ICE Is Coming for Undocumented Workers: How to Prevent Corporate Frostbite

Undocumented workers and the businesses that knowingly or unknowingly employ them are coming under the microscope. Just looking at recent headlines, the president has implemented two immigration bans, is challenging so-called “Sanctuary Cities” that do not help federal immigration enforcement, has instructed government agencies to become more aggressive in enforcing immigration laws and is already reviewing proposals to strengthen the border wall. Plus, the E-Verify program for verifying worker status is likely to become mandatory.

Reduce Risk Through Planning, Collaboration and Brainstorming

Properly managing risk in the construction industry can have a major impact on project cost, schedule and resource use, potentially offering significant savings, according to a new Dodge Data & Analytics study. 

Produced in partnership with Alliant and supported by e-Builder and Procore, the “Managing Risk in the Construction Industry SmartMarket Report” reveals the top construction risks, their impact on the industry and the benefits associated with using specific risk evaluation and mitigation strategies. One clear finding that emerges from this data is that the industry’s growing focus on collaboration and integration may be an important step toward reducing construction risk.

Reduce Lien Exposure With Anti-Assignment Clauses

Property owners, general contractors, subcontractors and materials providers must understand their rights and obligations with respect to construction liens in order to avoid delays in finalizing a project (from the perspective of the property owner) or to avoid forfeiting lien rights (from the perspective of the subcontractor).

Three Ways for Contractors to Mitigate Risk and Lower Insurance Premiums

Many business executives believe insurance brokers have control over the quotes they provide, but that’s not the case. Insurance carriers control the price, and they provide the best rates to companies that proactively manage their risk. The less risky a contractor appears, the fewer claims it’s likely to have and the “safer” the company looks. Therefore, the lower the premium they are likely to get.

Here are three ways general contractors can mitigate risk and make their companies more desirable to insurance carriers.

Risk Management in a 24-Hour Society

Builders and developers can’t escape scrutiny when confronted with government investigations, workplace accidents, dissatisfied customers and employee complaints.

Reputation in the construction field is a crucial business quality. It’s paramount to ensure a sufficient risk management strategy is in place, and enhanced media exposure means non-traditional risk management actions are needed to prepare for and respond to challenges.

Report Offers Intelligence on Managing Risk in The Construction Industry

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.

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