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Procurement Risk Management in Construction Projects: Strategies and Tools

Building Radar

Procurement risk management is a critical aspect of construction project management, ensuring that projects are completed on time, within budget, and to the required quality standards. Effective risk management strategies can help mitigate potential issues that may arise during the procurement process.

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WINT urges construction industry to tighten up water management processes amid UK JCoP regulation

Civil + Structural Engineer

The new water management standard enforces Mandatory Water Systems Management Plans, Active Automatic Flow Monitoring Shutoff (AAFMS), and coverage for temporary and permanent water systems. Equally, many insurers will require compliance with JCoP guidelines to provide coverage.

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Newforma Konekt Enhances Industry-Leading Cloud-Based AECO Project Information Management Solution with Innovative System for Critical Contract Changes

Civil + Structural Engineer

BOSTON — Newforma affirms its position as a leader in project information management software with an enhanced version of Newforma Konekt, the first truly collaborative cloud-hosted ecosystem for the architecture, engineering, construction, and owner (AECO) industry.

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What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

One essential aspect of construction budgeting is the inclusion of a contingency. This article will delve into the concept of contingency in construction budgeting, exploring its purpose, how it is calculated, and how it can impact a project’s success. Understanding Contingency in Construction Budgeting What is a Contingency?

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Climate Risk Management and Sustainability: Redefining the Future of Business and Construction

Construction Placements

Climate Risk Management and Sustainability: Redefining the Future of Business and Construction In our comprehensive guide, we delve into the critical elements of climate risk management and sustainability. From risks and opportunities to practical strategies, we've got everything you need to know.

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Construction Resource Management – Optimizing Resources for Efficiency & Cost Savings

iField Smart

Abstract In the ever-evolving construction industry, efficient resource management is critical to project success. This paper explores the principles, methodologies, and tools used in construction resource management, with a focus on best practices that enhance productivity, reduce waste, and ensure project goals are met.

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iFieldSmart Technologies: Revolutionizing Construction Document Management

iField Smart

In the fast-paced and complex world of construction, efficient document management is paramount for project success. Challenges with Obsolete Construction Document Management Tools: Version Control Issues: Outdated tools often struggle with maintaining accurate version histories, leading to confusion, rework, and potential errors.