Tag: risk
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Sweeping new tariffs put future construction projects at risk
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. Owners and developers of commercial construction projects may hesitate to move forward with new work after President Donald Trump levied fresh tariffs on more than 180 countries, according to industry sources. On Wednesday, Trump announced a 10%…
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The construction materials most at risk for tariffs
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Steel and aluminum prices have jumped sharply since the turn of the new year, and more volatility could be on the horizon. Contractors are bracing for a new wave of tariffs set to take effect April 2,…
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Up to $51B in transportation grant awards at risk, advocacy group says
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Up to $51 billion in federal funds that have been awarded by the U.S. Department of Transportation but not yet obligated could be defunded, according to a March 14 analysis by Transportation for America, a…
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RoadFlex and Konexial Collaborate to Improve Fleet Fuel Risk Management
RoadFlex and Konexial announced their collaboration to improve fleet fuel management solutions. Both companies deal with fleet technology and have teamed up to create an integrated fuel management solution designed to help fleets reduce costs, prevent fraud, and optimize operational efficiency. By combining RoadFlex’s fuel expense management platform with Konexial’s real-time telematics and fleet management…
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From Risk to Reliability with Solibri’s Cloud-Based BIM Model Validation
BIM quality assurance is essential for designers, contractors, and owners. For over 25 years, Solibri has been dedicated to ensuring model quality within open standards. It now offers the world’s leading model checker in the cloud for both Revit and OpenBIM. Errors in design data that go unnoticed until construction or handover create considerable extra…
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Using AI to Build Smarter Subcontractor Risk Management
Construction success relies on orchestrating countless moving pieces. With the average project having 24 different subcontractors—and often many more on large commercial builds — there’s a huge opportunity to simplify relationships and build trust. While AI is reshaping how we approach project planning, safety monitoring, and more, its most exciting potential is in how it…
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Government’s plans to build homes in ‘Europe’s Silicon Valley’ at risk of subsidence before work even begins
Thousands of new homes planned for construction in the Oxford-Cambridge growth corridor could face serious subsidence risks, potentially leaving future homeowners with uninsurable properties, experts have warned. The Government’s plan to build 4,500 homes in the region, part of a wider drive to tackle the housing crisis, is now under scrutiny as geological concerns come…
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What you should know before buying a house in a flood risk area
Some 6.3 million homes in England are located in areas at risk of flooding, according to Environment Agency data published in December 2024. And with the number of properties under threat growing UK wide, there’s plenty you should know before buying a home in a flood risk area. A warmer atmosphere along with factors such…
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Addressing the Risk of Trenching and Excavation Site Cave-Ins
With construction projects, there are multiple risks to consider when on a jobsite. Let’s look at two of the most dangerous jobs—trenching and excavation. In 2022, 39 people died while doing trenching or excavation work in the U.S., according to the Department of Labor. That number is more than double what it was in 2021.…
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The IRMI Construction Risk Conference (CRC) Is Going Virtual
Registration is now open for the IRMI Construction Risk Conference (CRC), which will be presented as a virtual event. Attendees will have access to two days of live-streamed sessions focused exclusively on the unique risk management challenges faced by construction companies and the nuances of properly insuring those exposures. “The health and safety of our attendees is our top priority,” said IRMI…