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How Owners Can Prepare for Black Swan Events

How Owners Can Prepare for Black Swan Events

How Owners Can Prepare for Black Swan Events Even if you weren't familiar with the term "black swan event" a few years ago, you likely became intimately familiar with what one looks like in the last year. Coined by author Nassim Taleb in his book The Black Swan: The...

The Truth Behind Steel’s Hype

The Truth Behind Steel’s Hype

Steel is an essential U.S. commodity. It is arguably the most valuable engineering and construction material used in everyday life, from roads and buildings to household appliances and utensils. Its ubiquity means that the value of steel is reflective of our economy’s...

Why Owners Need an Independent Cost Estimator on All Projects

Why Owners Need an Independent Cost Estimator on All Projects

Defining the Project Delivery Method In all project delivery methods—design-bid-build, CM/GC, design-build, cost plus or other progressive delivery methods—you should have an Independent Cost Estimator (ICE) through each design and construction phase to ensure...

Rethinking Value Engineering’s Bad Reputation

Rethinking Value Engineering’s Bad Reputation

The term value engineering (VE) is commonly taken out of context and used to cut budgets and does not add value. The Construction Manager/General Contractor (CM/GC) tends to have a rudimentary understanding of payback periods, which are critical to decision-making....

Green Lumber Reduces Global Warming and Costs

Green Lumber Reduces Global Warming and Costs

With environmental realities bearing down, the construction industry is faced with both finding and implementing sustainable solutions to significantly reduce projects’ carbon footprints. According to Architecture 2030, the built environment contributes to greenhouse...

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