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Tag: Construction

Mitigating Construction Risk: Strategies for Owners and Developers
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Mitigating Construction Risk: Strategies for Owners and Developers

Construction projects can be complicated, expensive, and time-consuming. During its course, there are numerous risks that owners and developers may encounter, such as design and planning issues, labor disputes, and material shortages. To ensure the success of their projects, it is paramount for owners and developers to have a comprehensive risk management plan that can mitigate these risks. This article will provide an overview of three key strategies that owners and developers can utilize to mitigate construction risk along with an explanation of what the difference is between owners and developers.

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