Jon Critelli, Randall Coxworth, Paul Ryan and Christian Gordon | StoneTurn In 2022, the United States experienced 18 separate weather and climate disasters costing at least one billion dollars according to NOAA. In 2023, that number rose to 28 separate billion dollar weather events. The frequency and large geographical areas that these catastrophes are impacting means owners… Continue reading Risk Awareness and Mitigation in Disaster Recovery: During a Catastrophe
Tag: Risk Mitigation
Protect Projects From Higher Repair Costs and Property Damage
Michael Teng | Construction Executive The cost of risk—and mitigating it—has increased in construction. It’s a trend that mirrors economic headwinds that are expected to continue in 2024. Every aspect of a jobsite costs more today, from materials and labor to tools and equipment. Take construction input costs for example. While relatively flat in 2023,… Continue reading Protect Projects From Higher Repair Costs and Property Damage
Embracing Generative Risk Mitigation in Construction
Georgia Stillwell | Construction Executive Project delays have long plagued the construction industry, with risk often identified as the primary culprit. However, finding effective solutions to mitigate risk on complex projects has remained daunting. Traditional methods for simulating risk primarily focus on extending project timelines, overlooking the diverse range of opportunities available for risk mitigation.… Continue reading Embracing Generative Risk Mitigation in Construction
The Benefits of Early Geotech Risk Mitigation
Bill Thompson | HKA Of all the risks engineers, contractors, and owners face on construction projects, unknown ground conditions are some of the most critical and costly. Expansive or corrosive soils, depth to bedrock, high groundwater, and a number of other geotechnical challenges can jeopardize the integrity of any structure — as well as the… Continue reading The Benefits of Early Geotech Risk Mitigation
Tech to Help Contractors Avoid Litigation
Brian Poage | Construction Executive Risk mitigation is a bigger part of managing construction projects than most people outside the industry realize. Construction is a risky business by nature. However, with the right tools, contractors can protect their businesses from costly litigation and keep jobsites safer and more productive. Modern technology helps increase project visibility… Continue reading Tech to Help Contractors Avoid Litigation