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180. Mastering Risk Management in Construction
Manage episode 445307132 series 3569447
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In this episode of the Mobile Workforce Podcast, host Mike Merrill speaks with Rob Remington, a construction lawyer with over 30 years of experience in the field. They discuss the evolving landscape of the construction industry, particularly as it shapes contract management, risk mitigation and the use of technology like project management software and AI.
This conversation is vital for contractors looking to protect their bottom lines and improve operational efficiency in a fast-changing market.
Key Takeaways:
- Implement effective risk management strategies to protect profit margins and avoid scope creep.
- Ensure thorough understanding of contract terms to prevent costly mistakes and disputes.
- Utilize technology tools like FOUNDATION® and AI to streamline project management and enhance communication.
- Proactively enforce lien rights and follow dispute resolution processes to secure financial success.
- Address challenges in the supply chain, labor shortages and inflation to manage costs effectively in both private and public projects.
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