On-Site Magazine

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

Article Risk Management

Sizing and recovering impact costs from insurance

August 29, 2016 David Bowcott

The prime contractor is like the conductor of an orchestra, ensuring all musicians know their role. If one player misses their cue, the entire orchestra is disrupted, and the performance fails. Insurance plays a key role in preventing and mitigating

Article Risk Management

Invest in innovation to drive productivity and lower risk

April 26, 2016 David Bowcott

For as long as I can remember the construction industry has been hammered by academics, government and business leaders for having low productivity measures compared to other industries. The sector has also been criticized for poor productivity – being amongst

Article ConstructionInfrastructureRisk Management

Never pass on the opportunity to look yourself in the mirror

March 18, 2016 By David Bowcott

The primary difference between an average company and a great company is that the great company will check its ego at the door. Throughout my years, no matter the size, location, or type of work performed, the companies that excel

Article ConstructionRisk Management

Taking advantage of a global capital glut

February 10, 2016 David Bowcott

Multiple economic factors are converging globally to create one of history’s greatest gluts of capital. Much of this capital is looking for a home where it can make a return. With government quantitative easing programs supplementing economic growth, negative interest