Learning proper risk mitigation can help ensure projects are completed on schedule while also protecting workers and equipment
Jan. 22, 2025
Image: NVB Stocker / stock.adobe.com
There a number of strategies project managers can implement to mitigate risks and ensure teams work successfully together.
When it comes to managing a construction business, subcontractors can make a big difference for your operation. According to For Construction Pros, the subcontractors that project managers choose to hire can significantly affect the success of a project, either by enhancing its outcomes or by causing costly delays or injuries. Learning effective subcontractor risk management can safeguard your workforce, property, and budget while keeping projects on track.
If a subcontractor produces faulty workmanship, the GC may have to take steps to remedy the problems—possibly going so far as to find another qualified contractor to fix them. Poor quality in one trade could adversely affect other aspects of the project, even necessitating demolition work or engineering modifications to address the problems.
This could jeopardize your ability to complete the project on time and reflect poorly on you. It could also make it difficult to attract the best-in-class subcontractors for future projects.Read more
