The Canadian Construction Association (CCA) has made a new guide designed to improve cost predictability of construction projects available on its website as a free download. The document, titled Guide to Cost Predictability in Construction: An Analysis of Issues Affecting…
EllisDon has launched Uprising, a crowdsourcing platform that has the potential to revolutionize construction problem solving. Uprising was created by EllisDon to “push problem-solving beyond the boundaries of any one company and into the collective intelligence of the world’s brightest…
Ideas with Paul Kennedy is a show put on by CBC Radio, and in mid-September they aired a two-part series on risk. The first part of the series focuses on how decisions are made based on the individual’s perception of…
Do thieves think you are an easy target?
Clarity, accurate risk allocation are keys to effective contracts
Change abounds within the construction industry. Never has your choice of business advisor been so important, and given the increasing level of risk dialogue going on in the Canadian construction marketplace, your choice of risk advisor could mean the difference between losing or winning jobs. Before we…
Getting the Athletes’ Village ready for the Toronto 2015 Pan/Parapan Games
The final report on the fate of Ontario Place was released today and the message is clear: park it, all year round. Turning Ontario Place into a multi-use site that features waterfront and parkland for the public to enjoy was…
Permanent, long-term infrastructure programs (LTIP) are good for Canada. That was the message from the Manitoba Heavy Construction Association (MHCA) at a recent roundtable meeting in Winnipeg, Man. Industry stakeholders discussed the possibility of a permanent LTIP, which would extend beyond…
Rubicon Professional Services, a provider of full-service energy management, consulting, engineering, and construction management for mission-critical facilities, has been awarded Canadian business registration and licensing rights. The company’s successful completion of licensing requirements will enable Rubicon to offer its full…
Return on investment. One of the most difficult questions faced by the board of directors and management of any corporation is what the right balance is between capital retained and risks assumed. We’ve all heard the comments—“this company is overcapitalized,”…
Now that I have experienced the Canadian Construction Association’s annual conference for myself, I can confirm that this is indeed an industry that works hard, loves its families and knows how to have fun! Embracing all of the southern charm and hospitality that Savannah, Ga. is…
The Canadian Construction Association (CCA) Conference in Savannah, GA, last month, was appropriately themed “The Changing Face of Construction.” Seems a bit cliché, but never was a conference slogan so true. I was fortunate enough to sit on a panel…
As more and more contractors get exposed to project finance negotiations and are asked to provide performance security in the event of their non-performance, the dialogue about the nature of that security is increasing. A delicate balance needs to be…
As total cost of ownership (TCO) and asset performance certainty (APC) continue to gain momentum within the asset procurement sector, there’s a greater focus on creating value by more thoughtfully integrating the key phases of an asset’s life: design, finance,…
Every asset developed has a plan. What is the cost to design and develop the asset? When will the asset be completed? What will the maintenance costs of the asset be once up and running? Are the assumptions of operational…
