The ‘Don’t Walk By’ procedure for construction sites is all about creating a culture of awareness and openness in which individuals have the confidence to identify and challenge unsafe acts and conditions and make suggestions for improvement. Construction and safety project team members can record their observation on potential risk Read more…
When it comes to assessing risks in capital construction projects, one of the first tasks in the project risk management plan is to determine what will be the categories for the risks to be identified. Those would usually include the categories of political, economic, technological, legal, market, supply chain, organizational, Read more…
Unbalanced bidding is a serious problem for capital project owners because it may increase the risk of construction cost overrun as well as increase the risk of fraud. An example of unbalanced bids is when a bidder frontloads the bid price whereby overstating the unit price of line items scheduled Read more…
