Jill Masur | Construction Executive Contractors may need to revisit some of the processes in their accounting and financial operations. Here are six strategies for construction companies to insulate against cost increases and mitigate financial risks. It’s clear that, at least for the next year or more, the construction industry can expect unpredictable cost variations.… Continue reading Well-Insulated: Predict the Unpredictable Construction Costs
Tag: construction
The Difference Between Seasonal Adverse Weather and Unusually Severe Weather (and How Contractors Can Protect Against Both)
Matthew DeVries | Best Practices Construction Law Picture this: A contractor is nearly finished with a major dam stabilization project, but a series of Owner-directed changes pushes the last phase of the work into late fall and early winter. Instead of working through the relatively dry conditions expected in the original schedule, the contractor is… Continue reading The Difference Between Seasonal Adverse Weather and Unusually Severe Weather (and How Contractors Can Protect Against Both)
Artificial Intelligence And The Construction Industry
Patrick Johnson | Honigman Typically, when one thinks of artificial intelligence (AI), computers using algorithms and data manipulation come to mind. Interestingly, the construction industry, which has traditionally been viewed as heavily labor dependent, has been increasingly utilizing advanced technologies driven by AI. However, given the early stage of this technology, the question remains: how… Continue reading Artificial Intelligence And The Construction Industry
IoT and Building Standards Are Proving Their Worth
Pete Miller | Risk & Insurance The insurance industry historically operated on a reactive model — responding to claims after disasters strike. But growing data now demonstrates tangible benefits of proactive approaches, from IoT sensors preventing electrical fires to building standards helping homes withstand hurricanes. I recently spoke with two Predict & Prevent® podcast guests… Continue reading IoT and Building Standards Are Proving Their Worth
Significant Changes in Ohio Law for Public Construction Projects
Laura Bowman, Brock Miskimen, William Somodi and Anthony Sugar | Bricker Graydon Overview The Ohio General Assembly made several changes to Ohio law that will impact public construction projects through House Bill 96 (“HB 96”), which is the state’s biennial operating budget. The new law becomes effective on September 30, 2025. The changes range from streamlined construction… Continue reading Significant Changes in Ohio Law for Public Construction Projects