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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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What is ‘Construction Management at Risk (CMAR)’: Understanding the CMAR Delivery Method

Building Radar

Construction Management at Risk (CMAR) is a project delivery method that has become increasingly popular in the construction industry due to its unique approach to managing risk and ensuring project success. Understanding Construction Management at Risk (CMAR) What is CMAR?

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When Speed Counts: EPCM Delivery for Industrial and Manufacturing Projects

Civil + Structural Engineer

Owners building complex industrial projects face a wide range of risks in delivering their projects as quickly and as cost-effectively as possible. For owners facing this scenario, integrated services like the Engineering, Procurement, and Construction Management (EPCM) delivery method may be the best option for your project.

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Plan Ahead to Manage Change and Construction Risk

Viewpoint Construction Technology

How Can Contractors Manage Risk? Risk itself, especially risk caused by large economic forces, isn’t usually something individual businesses can control. That being said, the best way to manage risk in the construction industry is to have a solid game plan. The Future of the Construction Industry.

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Facilities Managers: Game-Changing Technologies x3

CCR Magazine

These properties, typically known as smart buildings, use advanced technologies to manage assets, resources, and services to benefit the property owner, building employees, and customers. Why Adopt Advanced Technologies in Facilities Management? How Is Robotic Process Automation Used In Facilities Management?

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Risk Management and Efficiency Key Priorities for CRE Developers and Lenders in 2024

Rabbet

From grappling with a heightened focus on risk management to embracing automation, today’s industry leaders are navigating a landscape peppered with challenges and opportunities. Risk Management Takes Center Stage in 2024 For both CRE developers and lenders, 2024 magnified the focus on risk management.

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DCWC: The experts in risk management

Roads Online

Economic conditions are obviously a major one, economic downturns, recessions and changes in government policy can all impact the profitability of the construction industry. According to Chung, these challenges are often compounded by companies who have inadequate governance and risk assessment processes.