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Standards body BSI haslaunched a new whitepaper on how to minimise risks in infrastructure projects. Experts suggest that a better approach to scope development and managingrisk and contractual change could save up to £25bn a year on projects. To download a copy of the whitepaper click here.
Risk Data Uncovered: How Technology is Transforming RiskManagement in Construction , produced in partnership with Frost & Sullivan, provides compelling data that underscores the value of tech-enabled practices in reducing risks and protecting your most critical assets: your people. Ready to Dive Deeper?
and “What are the objectives for sustainability, efficiency, resiliency, health, risk mitigation, performance, reliability, and accountability?” Download The Why and the What of Digital Twin Building Performance and Sustainability: An Owner’s Perspective for more information and a complete list of authors.
January 2014 Download Library AdditionAs new webinar recordings are made available to the ConstructionPro Network free member Download Library on a monthly basis, ConstructionPro Week will provide a brief summary of each event for the benefit of its readership. ” Read more.' . ” Read more.'
How to ManageRisk 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 riskmanagement strategy is critical to the security of your company and project.
He and fellow Marsh Managing Consultant John Ciccarelli offered plenty of advice on this topic to a target audience of engineers, architects, riskmanagement professionals, construction and project managers, presidents, vice presidents, contractors, subcontractors, and others. ” Read more.'
From grappling with a heightened focus on riskmanagement to embracing automation, today’s industry leaders are navigating a landscape peppered with challenges and opportunities. RiskManagement Takes Center Stage in 2024 For both CRE developers and lenders, 2024 magnified the focus on riskmanagement.
Procore Technologies (NYSE: PCOR) , America’s largest construction management platform, announced a new integration with Plans4Less , the premiere blueprint platform for ordering and shipping plans nationwide. Data Security and general Risk Mitigation are paramount in a customer relationship in this digital world”, says Burke. “Now
Sponsored by Presto Geosystems Project planning and design requires a blend of professional judgment, cost estimating and schedule management skills, and an understanding of potential project risks. Once an Acceptable Factor of Safety is achieved, the results can be downloaded and printed.
In the real estate property development industry, risk mitigation is a never-ending project, and finance teams are often the first to take the fall if something goes wrong. Development managers are essentially blind to what’s siloed in these accounting systems, making it difficult for them to take accountability for project budgets.
As a subcontractor, you’re often at the mercy of the general contractors you work with and are required to use their project management tools. Without your own project management solution, you’re operating at a huge disadvantage and putting your business at risk.
Managing financial and commercial (e.g. contracting and change management) processes, data and reporting for capital projects is far from easy, and many facilities owners and developers running construction projects simply get by with their current status quo, systems like email, shared folders and Excel.
However, with the right data management systems and strategies, construction teams can breach those silos and get the high quality, connected information they need to make good decisions that move projects forward at minimum risk. . Docs Manager . Docs Manager allows users to manage documents, issues, and reports.
Whether you’re an owner, executive, project manager, or job supervisor, it’s important to know what’s happening in your business and how you stand next to the competition. Riskmanagement. Be it legal, safety, costs, or delays, construction is a high-risk business. Cost control.
These templates are accessible to download via the Data Connector template gallery tab. Issue creators can view their deleted issues and members with permissions “Manage issues” or “Manage member permissions” can view all issues deleted in a project.
Spreadsheets are a common way for interchanging data between software as well, with users downloading and uploading data between systems. High Costs and High Risks. Viewpoint Field View is a highly-configurable, Vista integrated field management solution that harnesses the power of mobility for virtually any jobsite process.
It created the WAVE program to help businesses anywhere in the world address water on an enterprise level, moving beyond non-contextual water management targets to develop meaningful strategies, goals, and actions. To learn more about the WAVE program, visit its webpage.
Construction Management to discuss why data maturity is an essential business transformation. Throughout their conversation, Paralkar highlighted how data is a strategic asset, helping mitigate risk and improve visibility across J.R.M’s ’s entire business portfolio.
However, the digital revolution is finally making its mark, and Construction Document Management Software (CDMS) stands at the forefront of this transformation. At its core, Construction Document Management Software acts as a centralized hub where all project-related files are stored and organized.
Download NOW Looking for the report’s top highlights? Download the report to learn more. Download NOW The good news for construction companies is that data leaders are made, not born. Yet according to the report's findings, construction managers and executives spend an average of 11.5 What is a data leader?
By staying vigilant and following best practices for hygiene , we can manage our physical health, however, we must also address the stress and anxiety this pandemic is causing. There are those in a specific age group – at a higher risk for disease – and are living with outright fear (we acknowledge, it’s normal to be afraid).
Tailored specifically for contractors, safety officers, construction managers, and safety leaders, this calendar is packed with detailed safety dates and observances to help you enhance workplace safety and navigate compliance effortlessly. Download the 2025 Safety Calendar now!]
Straightforward and standardised communication is a fundamental part of construction management. Increasing safety and quality As construction activities across APAC intensify to meet the demands of governments looking to boost economies, there is a risk of overlooking safety and quality protocols, which can have dire consequences.
Sports and Recreational Facilities Contractors Designers Designers / Specifiers / Landscape Architects Engineers Facility Managers Architects Building Owners Industry Research Note: This blog post recaps some of the findings from HMC's "Aquatic Centers: Bringing Life to Communities" report. Decreased risk of chronic illness.
For more ideas on how to achieve better results in your business through technology, download our “How Plumbing Contractors Can Leverage Software for Better Business Outcomes” ebook now! Tracking multiple bids and invitations to bid requires a great deal of coordination, collaboration and management.
This saves time, dollars, and helps to mitigate risk. Admin Console | Role Management – On web, account admins can view and manage a list of roles available in their account through the new Roles tool in Account Admin within Autodesk Construction Cloud projects. Read more here! The final approver decides on all existing reviews.
As a main contractor working in a fragmented industry, SQUARE faces significant challenges when it comes to quality and cost management. With dispersed teams managing multiple projects and working from several locations, SQUARE needed to reduce the time spent producing quality reports and managing payment schedules.
An effective way to achieve seamless data sharing and collaboration is through technology supported by a common data environment or a single platform to manage project information. This account is usually owned by the general contractor, but it can also be placed in the hands of the owner or the party who carries the most risk. .
In the fast-paced and intricate world of project management, having the right tools and technologies can make all the difference. Hodari Africa , a leading project management firm, recognised the limitations of traditional document-sharing platforms and sought a more robust solution to enhance their construction workflows.
There’s seemingly no risk of losing money on materials. These agreements limit the cost-risk for the customer. It also places the majority of the risks on the contractor. The risk and reward parties (i.e., Each party needs to remain committed to the IPD model or risk reverting to traditional project delivery methods.
Teams need to work together to move a project forward—and construction document management plays a significant role here. It sounds simple, but managing all those files isn’t easy, particularly as more people get added to a project. Here are some common reasons your document management may be slipping—and how to solve them. .
Before construction begins, one of the most important aspects of any contractor’s job is managing construction submittals, which determine the accuracy of project completion, the success of the proposed timeline, and line items on the budget. A construction submittals template may be downloaded here. DOWNLOAD NOW. Key Takeaways.
The inefficient processes that real estate development managers have been using for decades simply aren’t working for today’s controllers. While Excel is the most widely used program for both lenders and developers to manage projects, it’s been reported as the least favorite tool for both groups.
For the first time, architects can now incorporate ASTM F3561 into the core design and performance criteria for new schools, major renovations, and other high-risk commercial, healthcare and industrial facilities. Click here to download the full ASTM F3561 test standard. Why focus on windows and doors?
This alarming figure doesn’t just represent wasted money; it reveals a systemic issue that threatens project timelines, increases risks, and weakens relationships between contractors, developers, and lenders. It’s driving up project costs, creating delays, and increasing risks that can jeopardize the success of your development.
Effective governance helps facilitate communication between project design teams and facility management teams, thus bridging the gap that often leads to missing vital information. When governance is prioritised, it leads to better coordination among teams, which results in improved outcomes and reduced risks.
Reduces Errors and Ensures Compliance Incorrect or misplaced tax forms can lead to delayed refunds and penalties or risk triggering an IRS audit. Simplifies Document Management For all of its users, a W9 generator grants the ability to offer storage, organization, and retrieval of forms. Here is the step-by-step guide to help you.
Use Predictive Insights to Prevent Safety Risks. Missing information and data can create hazards on a jobsite, and strong documentation practices reduce this risk. However, project management tools can make navigating these arduous checklists easier and faster. Download our toolkit. Download Safety Toolkit.
Your ultimate guide to construction cost management, and how to improve it. Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line.
Editor’s Note: This is Part 1 of a five-part series on Construction Project Management. How those projects are managed can make or break the company. That makes project managers (or in some companies, project sponsors who oversee teams of project managers) arguably the most important role in an organization.
From new ways to share data to enhancements for cost management, we’ve highlighted all the new releases and updates you need to know about here. . Previously, it could only be used by the “For the Field” folder with the permissioned actions of “View” and “View + Download.” Cost Management | Project Configuration Wizard* .
such as BIM, and offer advanced features such as the Common Data Environment and Facility Management, and Integrated Project Delivery (including LEAN Job Order Contracting). Managing tasks and issues through a dashboard saves a lot of time and gains complete control over requirements and schedules.
HSENI inspectors will assess the management of workplace transport risks and will focus on the key areas required to manage workplace transport effectively- safe site, safe vehicle, and safe driver. Inspections will focus on: 1) Safe Site – Is there a traffic management plan in place? pubns/priced/hsg136.pdf.
On a typical jobsite, there are hundreds of open issues, multiple trades onsite, dozens of RFI’s to manage, and countless changes happening every day. While most issues on a project are preventable, the majority of project leaders and executives just don’t have good predictability into the highest areas of risk.
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