Construction Risk Management Resources

Construction projects face risks like safety hazards, schedule delays, cost overruns and contractual disputes.

10 Common Construction Risks for Contractors & Owners

Construction is a tough, often volatile industry, with one of the highest rates of business failure of any economic sector. While construction can be a lucrative business, it is also high risk. Predicting future risks, and taking steps to mitigate

Read More

Managing risk in construction requires a comprehensive, proactive approach at two levels: the company and the project. Learn more about mitigating risk through planning, safety training, quality control, contract management and ensuring adequate insurance coverage.

Construction Risk Management: 5 Steps to Reduce & Mitigate Risk

Construction is a risky industry, with one of the highest rates of business failure of any economic sector. In every decision they make, business owners and executives attempt to maximize margins and minimize risk — and the potentially devastating losses

Read More

By defining the roles and responsibilities of each party to the contract -- and penalties for non-compliance -- every construction agreement attempts to shift risk by assigning liability. Both parties should read the contract provisions carefully to determine the greatest contractual risks to their company during the project, and take steps to mitigate each one.

Risk allocation can also change depending on the type of contract and project delivery method used on the project. More recent delivery methods, like progressive design-build, can actually help to reduce risk to both parties.