Laurie A. Stanziale | Construction Executive Mitigation of risk and costs in a construction project are always priorities for owners. In some contracts, in particular, Guaranteed Maximum Price contracts, some of those monetary risks are shifted to the contractor. Contingency is important because it allows for money to be in the budget for the unexpected… Continue reading Mitigate Construction Risk Through Use of Contingency
Tag: Construction Risk
The Power of Planning: Four Key Themes for Mitigating Risk in Construction
Zac Hays | Construction Executive Construction is, and always has been, known as a relatively risky business. Whether it is dealing with factors that can be controlled or beyond control, proactively managing risk has proven to be of the most critical factors in delivering quality projects faster, more efficiently and with wider margins. Many people… Continue reading The Power of Planning: Four Key Themes for Mitigating Risk in Construction
Emerging from COVID-19: Impacts to Consider
Charles F. Boland and Barrett L. Richards | The Dispute Resolver The relaxation of COVID-19 stay-at-home orders and reopening of the economy is a prominent news headline. As the return to everyday activity progresses it is important to prepare in advance for this “return to normalcy”, which will almost certainly come in stages, especially as… Continue reading Emerging from COVID-19: Impacts to Consider
The Contractor’s Coronavirus Checklist
Lee-Ann Brown, J. Jackson Hill, IV and J. Christopher Selman | Bradley Arant Boult Cummings The coronavirus disease (COVID-19) continues to dominate global headlines and markets. In the U.S., COVID-19 has prompted two governors to declare states of emergency; tragically claimed the lives of multiple U.S. residents; and has been reported in 10 states and… Continue reading The Contractor’s Coronavirus Checklist
Are You Protected Against the Risk of Construction Delays and Increased Construction Costs Due to COVID-19?
Scott Pence | Carlton Fields Background The World Health Organization (WHO) has declared the coronavirus disease 2019 (COVID-19) outbreak a public health emergency, and as of the date of this alert, the Centers for Disease Control and Prevention (CDC), a component of the U.S. Department of Health and Human Services, has reported confirmed cases of… Continue reading Are You Protected Against the Risk of Construction Delays and Increased Construction Costs Due to COVID-19?