Contractual Risk Transfer Defined With any kind of commercial property development, the parties involved face risk
In this post, we will discuss some key considerations that go into purchasing a builder’s risk policy, including: Why is builder’s risk insurance important?
As outlined below, geopolitical risks are present, multiple, interconnected and high impact
However, be mindful that in challenging market conditions, the financial standing of the remaining joint venture members may be weaker than anticipated so proceeding with the remaining members may not be risk-free, especially as they would be required to take on larger commitments to perform the works than initially anticipated
However, the use of PM in construction also exposes companies to new risks, including heightened cybersecurity dangers and new legal questions. Below is an in-depth look at the risks posed by PM to the construction sector. Cybersecurity Risks The rise in PM adoption simultaneously escalates potential cybersecurity threats. The high volume of data transferred and stored, coupled with an increasing risk of data breaches and cyber attacks, brings about grave concerns
Boldt of Ernstrom & Dreste LLP Published Fall 2021 Despite progress in the management of COVID-19 impacts, the magnitude of price escalation risks in the construction industry is critically high in the second half of 2021
Construction-oriented certified public accountants (CPAs) have an advantage in helping contractors produce accurate, timely financial reports and address a wide range of risks, says Emilio F