Jon Critelli, Randall Coxworth and Paul Ryan | StoneTurn Business leaders and risk managers should always be prepared for the worst. As of October 11, 2023, the United States already experienced 24 separate “billion-dollar” weather and climate disasters in the calendar year, according to NOAA. These disasters include, but are not limited to, hurricanes, tornados, wildfires,… Continue reading Risk Awareness and Mitigation in Disaster Recovery: Before, During and After a Catastrophe
Tag: Risk
Risk Awareness and Mitigation in Disaster Recovery: After a Catastrophe
Jon Critelli, Randall Coxworth and Paul Ryan | StoneTurn Natural disasters, while undoubtedly disruptive and damaging, can serve as powerful catalysts for organizational transformation if approached with foresight and strategic intent. As we’ve explored, successful post-disaster recovery begins with preparation, compliance, and the prevention of fraud, waste, and abuse (FWA). But beyond these crucial measures,… Continue reading Risk Awareness and Mitigation in Disaster Recovery: After a Catastrophe
How to Spread Out Risks for a Win-Win Construction Contract
Daniel Lund III | Phelps Construction contracts should be written “for breach” – hoping for the best but expecting that trouble may beset the project. In the same vein, it is vital to allocate risk through careful contract drafting on the front end. What terms can be used in construction contracts to shift (or, in… Continue reading How to Spread Out Risks for a Win-Win Construction Contract
Forethought Is Key to Overcoming Construction Calamities
Mitch Cohen | Construction Executive Without warning, an under-construction structure in the southern United States suffered a catastrophic collapse. The tragedy resulted in the death of several people. As a result, engineering and construction post-collapse forensics experts engaged in an 18-month investigation. Those involved in the design and build project included the general contractor hired… Continue reading Forethought Is Key to Overcoming Construction Calamities
Beware of the Risks! No Ownership, No Lien
Andrew Atkins, Peter Marino and Patrick Wilson | Smith Anderson A recent North Carolina Court of Appeals decision reiterates the importance of knowing who you are dealing with when undertaking work or selling materials in connection with any construction or development project in our state. In Davis & Taft,1 the Court of Appeals found that the design… Continue reading Beware of the Risks! No Ownership, No Lien