Risk Management Strategies for Contractors

Source: https://learn.aiacontracts.com/, July 7, 2023
By: Nicole DeNamur, Esq., Owner, Sustainable Strategies

The design and construction industries inherently carry some level of risk.  Good contract management and appropriate insurance are core risk management strategies that every contractor should practice.

In addition to these tools, there are other, complementary and cost-effective strategies that contractors can consider implementing.  And, as sustainability becomes a business baseline, driven by both market and regulatory factors, additional thought should be put to managing the risks of projects that target sustainable outcomes. Read more.

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