10 Ways To Keep Construction On Time And Under Budget

Law360, New York (June 19, 2013, 6:52 PM EDT) -- The construction of a new facility or the substantial renovation of an existing one depends upon the technical expertise of many people for an extended period of time and a diverse array of sophisticated materials and equipment. As such, a major construction project poses significant risk to person, property, revenue and reputation in addition to the possibility of unmet expectations regarding cost, schedule, quality and performance.

With so much at stake and outside an institution’s direct control, a comprehensive risk-management process should begin as soon as...
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