Inflated costs, crunched schedules and materials delays are driving a greater interest in alternative project delivery methods, firms say—which is reflected in last year’s rise in design-build and ...

Department of Energy project directors, program managers, and senior managers have the responsibility to assess and manage risks on their projects and project portfolios. Project risks can be managed ...

Risk is an inherent element in the business activities of any company. Whether it's entering new contracts, hiring employees, launching products or attracting financing, businesses consistently face ...

Risk Management in project management refers to the systematic practice of identifying, analyzing, and responding to project risk. It includes maximizing the probability and consequences of positive ...

Moving into the workforce of the future requires project managers to be technically proficient to stay on top of their game. As we approach the one-year anniversary of ChatGPT, one can't help but ...

Builder’s risk insurance is a cornerstone of effective risk management in the construction industry. It offers protection against a variety of physical and financial risks that can impede the ...

Engineering, procurement, and construction (EPC) contracts are agreements in which a contractor is given major project responsibilities under a single contract established with an owner or developer.

Consider this: A subcontractor hits a gas line while digging, severely injuring workers. The subcontractor blames inaccurate markers, but liability falls on them—and you, the general contractor. Every ...

Power and energy construction projects face unique challenges that make effective risk allocation critical to their success. A well-crafted contract serves as the foundation for managing these risks, ...