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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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