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Humility in Construction Newsletter

TASA ID: 3647

We have continued to work on more detailed risk evaluations on our projects, trying to use Monte Carlo simulation methods that our friends in industrial projects have used to quantify the variations in total schedules that affect their financial outcomes. You might remember the summary chart of how good our master schedules were over several years. I have taken out the small projects from the figure below, which makes it look even worse.

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General Contractor Margin Update

TASA ID: 3647

It’s been awhile since we checked in on general building contractor finances. The best data comes from the annual Construction Financial Management Association annual report, now called the Benchmarker. They survey most financially sound builders each year, and provide data that the builders themselves can use to gauge their progress versus their peers. The last time we did this was in 2013, so we will be seeing what has happened in the last three years as the market and the economy have improved.

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The Risk in CM at Risk

TASA ID: 3647

In the last few months we have started using Monte Carlo simulation and more risk assessment on schedules as a result of the realization of how far we had missed overall schedules in the past. Our colleagues in industrial plant investment decision making have a well developed set of risk management practices to handle their technical, political, and governmental risks.

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Category: Construction

Six Ways to Control Infections During Construction Projects

TASA ID: 931

Understanding how to control potential hazards that can cause infections in immune suppressed patients is imperative for ensuring a safe environment for patients and staff as a construction project proceeds.   State health agencies and the Joint Commission have requirements that must be met.  Fortunately, there are six easy steps you can take right now to control infections during your construction project.
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