On-Site Magazine

Topic
Risk Management

Article Risk Management

Managing risk through business development

October 2, 2018 David Bowcott

It used to be that the construction business was relatively straightforward for contractors. You staffed your operations with estimators, project managers and superintendents, and then pursued business through a tendering process in which the low bid would win the job.

News Risk ManagementSoftware / Hardware

Putting focus on job site technology, EllisDon to implement Fieldwire on all Canadian projects

August 27, 2018 by David Kennedy

The traditional clipboard, and other rudimentary jobsite tools like it, are living on borrowed time

Article ConstructionLabourRisk Management

Managing risk: Getting your workforce on board

August 9, 2018 David Bowcott

To be truly effective at managing risk, you must master the complex world of risk controls. Put in place before incidents occur, risk controls are the contractual agreements, the operational practices and the tools and technologies used to prevent or

News ConstructionInfrastructureRisk Management

Project to build two 23-kilometre flood prevention channels gets $540M from feds, Manitoba

June 18, 2018 by David Kennedy

ST. LAURENT, Man.—A major infrastructure project that will manage high water levels in Lake Manitoba and Lake St. Martin northwest of Winnipeg has been green-lit by the provincial and federal governments. The two tiers of government committed a combined $540

Article FinancingRisk Management

The power of project monitoring in preventing and mitigating risk

June 11, 2018 David Bowcott

Your construction project is made up of several sources of capital that turn concepts dreamt up on paper into tangible structures. Without these sources of capital, and the people behind that capital who believe in your project’s success, your project

Article LawRisk Management

Fundamentals of materials liens: Payment for materials in construction contracts

June 11, 2018 Alexander J. Spraggs

In a typical subcontract, a subcontractor will periodically, throughout the duration of their work on or supply for the project, apply for payments at a value proportionate to the amount of the subcontract work performed and/or the materials delivered to

News ConstructionFinancingInfrastructureRisk Management

Panel looks for increased transparency in Canadian construction through new standards

May 21, 2018 Amie Silverwood

The Royal Institution of Chartered Surveyors (RICS), Canadian Institute Of Quantity Surveyors (CIQS) and The Canadian Association of Consulting Quantity Surveyors (CACQS) held a joint information session earlier this month about the International Construction Measurement Standards (ICMS), which included a

Article Risk Management

Critical Coverage – Impact Covers in Project Specific Insurances

May 4, 2018 Peter Smith and Barrie Ngeh

Among the most often overlooked and misunderstood coverages when insuring a construction project are soft cost and delay in start up coverages, both of which are optional but prevalent exposures for both the owner and contractor alike. We need to

News Risk Management

On-Site contributor Jacob Stoller takes home prestigious business publication award

April 12, 2018 On-Site Staff

On-Site Magazine contributor Jacob Stoller has been honoured for one of his latest efforts to instil a new generation of business leaders with the skills to boost profitability and empower employees through lean practices. The U.S.-based Shingo Institute announced earlier

Article Risk Management

When global construction catches a cold

March 12, 2018 David Bowcott

There is no doubt about it, the construction industry has globalized quite significantly over the past 20 years and there are both advantages and disadvantages to the world’s biggest players creating a global service footprint. Not to be a downer,

Article Risk Management

Take a step back for strategy

February 20, 2018 David Bowcott

Late last year I was asked to speak at a Cities conference that was put on by Builtworlds, a network and community that links key stakeholders of the construction and asset management industry, with those in the tech sector. Matt

Article Risk Management

The value of disciplined project contingency development

December 15, 2017 David Bowcott

The primary defense against margin erosion is the project contingency. Construction is not a predictable business, and the project contingency is that all encompassing pool of capital dedicated to each project, which provides much needed funding when the unexpected happens.

Article Risk Management

BIM drives productivity gains in construction sector

September 7, 2017 David Bowcott

Everyone has seen the graphs that show construction on a downward productivity trend while other industries boast solid productivity gains. The following is a productivity graph that was produced by McKinsey & Co. that compares productivity in construction to that

News Risk Management

BIM drives productivity gains in construction sector

September 7, 2017 David Bowcott

Everyone has seen the graphs that show construction on a downward productivity trend while other industries boast solid productivity gains. The following is a productivity graph that was produced by McKinsey & Co. that compares productivity in construction to that

Article Risk Management

Is the project finance industry digging deep enough?

June 20, 2017 David Bowcott

Every project needs money to move forward. Those funds are made up of equity and debt. The equity is contributed by the owner (or the concessionaire of the project) as a first layer of defense against project failure. The remainder

Article Risk Management

Future disruption and the race to collective intelligence

April 20, 2017 David Bowcott

If ever there were an industry ripe for disruption, it is construction. Mega-trends like globalization, asset management, and new technology are beginning to turn this long unchanged industry inside out. So, how do industry players stay on the winning side

Article Risk Management

Material risk events in P3s: Causes and potential solutions

March 16, 2017 David Bowcott

In the February issue we talked about material risk events that manifested in the Canadian P3 space up to 2011 and up to 2016. In this issue, I will focus on what is causing these risk events and how we

Article Risk Management

Material risk events in P3s: 2011 vs. 2016

February 22, 2017 David Bowcott

As some of you may be aware, the firm I work for (Aon) has more than 2,500 construction clients, and 13 of the top 15 Canadian contractors as clients. We have also acted as risk advisor and broker to a

Article ConstructionRisk Management

Is Canada becoming the world’s most advanced asset management economy?

December 20, 2016 David Bowcott

No matter where I go these days it seems like every economy, both governments and corporations, are toying with new ways to design, build and operate their physical assets. The over-arching trend behind this long-term capital concept is Asset Management.

Article ConstructionRisk Management

Risk Column: Creating design risk awareness

October 14, 2016 David Bowcott

I have spent a lot of time mining and developing data recently. It seems the insurance sector has the richest repository of failure data in the world, and given the growing demand for failure data quants, I had no choice but



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