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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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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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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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Contract Law in Construction Projects: Key Legal Considerations

Building Radar

Contract law is a fundamental aspect of construction projects, ensuring that all parties involved have clear, enforceable agreements. Understanding the key legal considerations in construction contracts can help prevent disputes, manage risks, and ensure successful project completion.

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Construction Risk Management: 8 Effective Tips To Success

Buildern

From crafting schedules and allocating budgets to nurturing a proficient workforce through comprehensive construction risk management training and drafting a symphony of contracts—the journey of a construction project is a tapestry woven with multifaceted administrative intricacies.

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Construction Risk Management: How to Reduce Top Construction Risks

Autodesk Construction Cloud

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.