Without an understanding of potential risks in a construction project, you can face serious problems. Fortunately, managing and mitigating risk is becoming increasingly easier for project managers, with a more accessible pool of resources and tools available than ever before.
You have to spend money to make money. But construction companies are often burdened with massive operating costs that undermine the value of the project—and make it harder to compete.
With the construction industry rapidly progressing towards better resiliency, energy efficiency, and sustainability, clients are increasingly expecting projects to meet those higher standards.
We’re seeing the nationwide closures of non-essential businesses change the way we live—and it seems like this change in industry and lifestyle will be sticking around for quite a while.
The unforeseeable has happened. Now, the effects of the COVID-19 pandemic are starting to really settle in—and the last time that the construction industry experienced such an extreme economic hit was the Great Recession.