Prefabrication is nothing new to the construction industry. And, over the past several years, we have seen a rather significant increase in the utilization of prefabrication. With this increase, however, it has revealed some vulnerabilities that, if not properly managed, lead to undesirable results. Let us take a closer look…
Prefabrication is the assembly of
Full Article in Properties Magazine
At the most basic level, contracts serve to assign, allocate, and mitigate risk. Parties—unsurprisingly—are typically unwilling to adopt greater risk than required, and often look to assign most of the risk to the other contracting party. While understandable, this approach may have unintended costs.
For the most part, the general
Supply chain interruptions are reaching critical levels and suspending work on projects. Shortages of bridge coating materials is the most recent area of concern and could be potentially catastrophic to unprepared contractors and owners. The inability to obtain materials may force painting contractors into a position where they cannot advance painting work, cannot retain painting