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Construction Industry
Requiring enormous amounts of capital and resources to function efficiently, the major players in this industry - owners, designers, and contractors - frequently apparent to be in conflict. Further, as that Business Roundtable determined through its landmark study Construction Effectiveness, problems become magnified due to the fragmentation of this half-a-billion dollar industry with nearly 1 million contractors, more than 70 national contractor associations, close to 7 million workers and indeterminable number of owners!

As such, a disputed claim on any major project, at any given time, is more than likely. Yet, with knowledge of the construction management process many can be avoids... Integral in such conflict resolution is the "Cost Of Risk Engineering" (C.O.R.E.):

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This philosophy has allowed the insurance industry, and particularly construction-oriented insurers, to realign its focus on the issues that truly impact a contractor's long-term cost.

Identification of the total risk picture.

The resulting cost in both dollars and intangibles

A guide to handling risks

The assurance that the risk management function is true profit center