Posts Tagged 'RIsk'

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Surety and Technology: Cybersecurity Best Practices

“It won’t happen to us, and companies in our industry are not a hacker’s target.”  

That’s an outdated notion in an age when, according to security experts, 4,000 ransomware attacks take place per day. In 2017 alone, the costs to companies will exceed $5 billion, and that’s accounting for just one of many types of cybersecurity threats.   

Construction and surety companies can minimize the threat of cyber-attacks by implementing the following preventive measures. 

Responding to Hurricanes and Other Natural Disasters

Weather events are changing the construction landscape, giving new vigor to the force majeure clause and requiring new approaches to project completion. Most recently, Hurricanes Harvey, Irma and Maria—and the wildfires in California and Montana—have highlighted the need to focus on best practices for responding to such events. Contractors and subcontractors can take steps to minimize out-of-pocket costs related to damage and recovery efforts and maximize their ability to transfer to others risks of force majeure events.

Repairing Flood-damaged Floors

Businesses that fall victim to floodwaters will face a long list of challenges that need to be carefully approached in order to get the site back on its feet as quickly and effectively as possible.

One area of the building that will be particularly at risk, but that might not be immediately apparent as a cause for concern, is the floor finish. The floor is a crucial area for any business: It’s part of the visual image for commercial companies and it’s the solid foundation for the intensive work in an industrial facility.

What Contractors Should Consider Before Taking on Hurricane Rebuilding Projects

This fall presented the most devastating hurricane season in recent memory, with four storms registering as a Category 3 or higher. After the fact, the rebuilding process presents unique challenges, particularly for those doing the actual reconstruction and restoration work.

Stay Compliant With the Updated NPDES Permit

During the past decade, lawsuits arising from violations of federal and state environmental regulations have made environmental compliance a critical topic. In particular, the National Pollutant Discharge Elimination System (NPDES) Construction General Permit covering stormwater discharges from construction activities has been a major issue for the construction industry. 

An Inside Job: Use Indoor Construction Cameras to Monitor Workflow and Safety

Indoor construction cameras can give project managers the ability to remotely monitor interior construction on multiple jobsites. They can provide the immediate benefit of helping managers discover chokepoints in the workflow and where improvements can be made in safety and security. 

Three Contract Options for Differing Site Conditions

The only limit the parties have in drafting a site conditions provision contract is their own creativity in crafting a site conditions business deal. 

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. 

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