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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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How Legal Knowledge Impacts Construction Contracts

Construction Placements

How Legal Knowledge Impacts Construction Contracts Legal knowledge is crucial in construction contracts to prevent disputes, ensure compliance with regulations, and manage project risks effectively. The post How Legal Knowledge Impacts Construction Contracts appeared first on ConstructionPlacements.

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RiskBlue Launches Software for Builder’s Risk Contracts

CCR Magazine

— RiskBlue, a new venture from RiskClock , announces the launch of its innovative contract management software, specifically designed to assist insurance brokers and developers in efficiently managing high-rise Builder’s Risk and Water Mitigation contracts. </p>

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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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Contracts need risk management

Construction Law

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. More than a few contractors we have spoken to over the years have prided themselves for leaving contracts ‘unused’ and ‘in a drawer’. Nick Barrett.

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DCWC: The experts in risk management

Roads Online

A major contributing factor to the collapse of contracts and even some businesses. And when there’s faltering demand for construction projects, firms may struggle to secure new contracts and maintain a healthy cash flow for example.” An issue for one of Australia’s largest industries.

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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?