New SmartMarket Report from Dodge Data & Analytics, "Managing Risk in the Construction Industry
" reveals essential intelligence on the risks faced by building owners, general contractors and trade contractors and the benefits achieved from specific risk evaluation and mitigation practices.
A key determination of this study is that collaboration between building owners, general contractors and subcontractors can aid in keeping construction project costs under control, result in a timely delivery and enhance the safety environment.
This study, which includes over 500 building owners, general contractors and trade contractor respondents, provides a comprehensive look at risk management. It reveals:
- The top risks faced by owners, GCs and trade contractors, and the prevalence of disputes and claims.
- The most effective risk evaluation and mitigation strategies.
- The specific benefits that industry professionals experience from employing those strategies.
- Evidence of the importance of collaboration as a critical means of mitigating risk.
The study is available for free to download