The construction industry is moving towards a more integrated approach. Though this column primarily focuses on construction and its associated risks, I’ve been interweaving the concept of asset management into my articles over the past several years to highlight a…
You may have noticed that a number of articles I’ve penned in the last year have had a strong technology leaning. It isn’t a coincidence. There’s absolutely no doubt that over the last few years Silicon Valley has discovered the…
Integrating fully autonomous vehicles certainly won’t become standard on work sites for several years, but the prospect is no longer science fiction
Toronto’s Humber River Hospital, completed in 2015, is an award-winning facility featuring fully integrated digital infrastructure, compliance with LEED, a natural people-friendly environment and floor layouts that support Lean workflows. What’s not immediately obvious is the project’s diverse input from…
In recent years there has been a resurgence of the Integrated Project Delivery model in the North American construction marketplace. This method traces its origins to the heyday of North Sea oil exploration, when owners, design firms and contractors created…
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.…
The traditional clipboard, and other rudimentary jobsite tools like it, are living on borrowed time
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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.…
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…
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…
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…
