Mitigate Risk by Managing Information

Modern building and infrastructure projects generate a lot of data, and it’s only going to keep growing. In 2004, a large project generated roughly 100 gigabytes of data; today, that stat has risen to 6.5 terabytes of data. Because building and infrastructure projects live and die by project information, many risks are associated with properly managing it. 

DPR Uses Its Office As a Sustainable Example for Clients

DPR took a building that had been vacant for more than seven years and transformed into an office that is not only energy-efficient and seeking LEED-CI v4.0 Platinum certification, but also ensures the well-being of employees. 

Don’t Wait Until It’s Too Late to Understand Protective E&O Policies

  Protective E&O is an essential insurance policy where perceived concerns about the amount and adequacy of the design firm’s professional liability insurance can be questioned in relationship to the complexity and size of the project. Brokers and insureds need to be aware of several seemingly innocuous clauses contained in many of these policies.

LEED Liability: Construction Contract Concerns for Green Building Projects

Despite the continuous narrative tied to green building, construction contracts have simply not kept pace, and most form contracts or standard clauses do not address contractual issues specific to sustainable projects. 

New Training Curricula Offered for Workforce Development and Mentoring

NCCER has released two new training programs in response to the industry’s labor shortage and corresponding need for workforce development professionals and industry mentors.

Proposed Death Tax Increase Targets Family-Owned Businesses

The U.S. Department of the Treasury issued proposed regulations targeting the valuation practices of family-owned businesses that would lead to dramatically higher estate and gift taxes by eliminating the use of discounts currently permitted.

Medical and Benefits Costs Are Top Concerns

Fifty-six percent of construction businesses surveyed for the 2016 Travelers Risk Index report they worry most about medical cost inflation and legal liability, followed by rising employee benefits costs and broad economic uncertainty. Rounding out the top eight construction business concerns are attracting and retaining talent, employee safety and workplace violence, legal and regulatory compliance, and cyber risk and data breaches.

Moderate Gains in Construction Spending Expected Through 2017

As the industry enters a more mature phase of its expansion, the 2017 Dodge Construction Outlook forecasts total U.S. construction starts will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in2016.

Rethinking Health Care Construction

Outpatient and walk-in urgent care facilities are far less costly for organizations to construct than larger medical buildings and hospitals; therefore, these facilities are popping up in retail spaces and are most likely on short-term leases that do not require a large commitment from the organization. The increase in the number of outpatient facilities also reverts back to patient satisfaction: Patients are more comfortable seeing their doctors at an outpatient facility. 

Pave It Forward

In September, The PHILLIPS School in Annandale, Va., debuted $150,000 worth of repairs to its entrance, bus lanes and sidewalks as a result of the Heavy Construction Contractors Association’s annual “Pave It Forward!” charitable giving program.

 

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