{"id":28047,"date":"2017-02-17T11:40:12","date_gmt":"2017-02-17T16:40:12","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=28047"},"modified":"2017-03-10T14:33:24","modified_gmt":"2017-03-10T19:33:24","slug":"new-report-encourages-collaboration-in-the-construction-industry","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/new-report-encourages-collaboration-in-the-construction-industry\/","title":{"rendered":"New report encourages collaboration in the construction industry"},"content":{"rendered":"<figure id=\"attachment_28050\" aria-describedby=\"caption-attachment-28050\" style=\"width: 386px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/02\/bigstock-168081923.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-28050 \" src=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/02\/bigstock-168081923.jpg\" width=\"386\" height=\"257\" srcset=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/02\/bigstock-168081923.jpg 900w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/02\/bigstock-168081923-300x200.jpg 300w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/02\/bigstock-168081923-768x512.jpg 768w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/02\/bigstock-168081923-150x100.jpg 150w\" sizes=\"auto, (max-width: 386px) 100vw, 386px\" \/><\/a><figcaption id=\"caption-attachment-28050\" class=\"wp-caption-text\"><span style=\"font-size: 10pt; font-family: arial, helvetica, sans-serif;\">A new report by Dodge Data &amp; Analytics suggests risk mitigation can be achieved if proper collaboration strategies are implemented within the industry.<\/span> <br \/><em>Photo \u00a9 BigStockPhoto<\/em><\/figcaption><\/figure>\n<p>Improved collaboration is the key to more effective risk management, according to a new <a href=\"http:\/\/construction.com\/about-us\/\" target=\"_blank\">Dodge Data &amp; Analytics<\/a> report, \u201cManaging Risk in the Construction Industry.\u201d Compiling responses from building owners, general contractors (GCs), and trade contractors, the report discusses the popularity and perceived effectiveness of various collaborative risk-mitigation strategies.<\/p>\n<p>\u201cThe concept of collaboration and integration is not new and has been around for decades. The difference today is with the preponderance of large-scale mega-projects, this becomes a new reality with much higher stakes for all sides,\u201d says Karen Walsh, senior vice president and regional director of Alliant Insurance Services. \u201cRegardless of the disposition, each party\u2019s risk concentration is exacerbated. Couple this with the emerging and still unknown complications of technological, political, and workplace violence risks, and you have a situation that forces the concept for change for all parties.\u201d<\/p>\n<p>Despite the generally competitive nature of the construction industry\u2014even within project teams\u2014nine in 10 building owners and contractors said they thought collaboration can alleviate future risk, while three-quarters experienced a dispute or claim in the last three years. Of the three types of industry members surveyed, GCs report the highest level of disputes and claims over the past five years.<\/p>\n<p>The report discusses three primary risk mitigation strategies:<\/p>\n<ul>\n<li>regular meetings with the full project team;<\/li>\n<li>formal brainstorming; and<\/li>\n<li>risk-management planning.<\/li>\n<\/ul>\n<p>These are framed in terms of three tangible benefits:<\/p>\n<ul>\n<li>reduced cost;<\/li>\n<li>improved scheduling; and<\/li>\n<li>improved safety.<\/li>\n<\/ul>\n<p>A total of 81 percent of all respondents stated they believe labor scarcity will increase project risk, although the areas considered high-risk varied by group. GCs believe labor procurement and subcontract management pose great risk, while owners were most affected by construction defect claims, and trade contractors by warranty issues.<\/p>\n<p>Formal brainstorming emerged as the report\u2019s \u2018best\u2019 evaluation strategy, but again, each group offered a different perspective on what the strategy\u2019s most significant attribute was. GCs most appreciated brainstorming\u2019s capacity to heighten project safety and aid scheduling, while trade contractors appreciated its cost reduction effects, and owners found it enhanced the reliability of project performance. Regular meetings with the full project team can also aid in all these areas.<\/p>\n<p>\u201cThis study contributes to the growing body of knowledge about the positive impacts of project collaboration, and early collaboration by team members can lead directly to less project risk and crisis\u2014a significant incentive to start working together better, more often,\u201d says Steve Jones, Dodge\u2019s senior director of industry insights.<\/p>\n<p>The full report is now available for <a href=\"http:\/\/www.construction.com\/resource-center.asp\" target=\"_blank\">download<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improved collaboration is the key to more effective risk management, according to a new Dodge Data &#038; Analytics report compiling responses from building owners, general contractors (GCs), and trade contractors.<\/p>\n","protected":false},"author":1836,"featured_media":29900,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[3137,1859,3286,1361,3348],"class_list":["post-28047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-collaboration","tag-dodge-data-and-analytics","tag-national","tag-report","tag-risk-management","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New report encourages collaboration in the construction industry - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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