Digitization is making it easier than ever to implement contractor management systems on construction sites and thus curb the risk of injury or death in the event of mishaps, according to Cognibox safety expert Anne-Sophie Tetreault. Pointing to the success of such systems in the mining industry, she says that "a few years from now, there is no reason why the construction industry couldn't go down to zero fatalities" with wider use of CMS.
Nonresidential, institutional, commercial and heavy civil construction starts declined 7% in April from the March level, and were down 22.8% for the same period last year, according to a report by ConstructConnect. There was a noticeable decline in retail, hospital and clinic starts, but roads, bridges and electrical power facilities were on the increase.
Construction is set to start in the next 90 days at the $4 billion Resorts World Las Vegas, and developers expect to have 1,000 construction workers on site by next year. A contractor has yet to be selected, but all the finalists have built resorts in Las Vegas before.
Sen. James Inhofe, R-Okla., chairman of the Committee on Environment and Public Works Subcommittee on Transportation and Infrastructure, believes Congress has an opportunity to pass meaningful infrastructure legislation and pledges to work with others to make that happen. He writes that one of the financing methods for any infrastructure bill can be public-private partnerships.
Transportation Secretary Elaine Chao says the Trump administration will release an infrastructure plan in the next few weeks that will seek $200 billion in federal funds. "These funds will be used to leverage $1 trillion in infrastructure investment over 10 years," Chao said, adding that priority will be given to states that pledge some of their own money for projects.
Success demands resilience in the face of rapidly evolving cyberrisks. Digitization and connectivity drive cost efficiency, speed and better customer experience. These same trends also expose the enterprise to rapidly evolving cyberrisks. Join us at 11 a.m. Eastern on Tuesday, May 30, for the "Are You Ready?" webinar series, in which we will explore actionable ways for organizations to achieve cyberresilience. Register.
On May 12 we experienced one of the most widespread cyberattacks in history. WannaCry, a ransomware virus, hit computers in London, locking computer screens and demanding a ransom of up to $600 in bitcoin to unlock them. Businesses have consistently rated cyberthreats as one of top risks they face, and this most recent event reminds us why. "WannaCry's wormlike behavior and its ability to easily propagate across the organization make this a particularly dangerous strain of ransomware," says Ed Stroz, co-president of Stroz Friedberg, an Aon company. With cyberrisk on the rise and business interruption a growing concern, what key lessons can organizations learn from the WannaCry incident? Read more.
My relationship with death remains the same -- I'm strongly against it.
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About Aon Construction Services Group
Aon's Construction Services Group is the preeminent provider of risk and human resources solutions to general and specialty contractors, project owners, and industry stakeholders. As the segment leader, Aon provides an unparalleled platform to serve the risk management needs of global contractors, an expansive collection of offices to support service delivery for specialty firms and large infrastructure projects, and the risk management industry's leading global network, delivered through collaborative colleagues who specialize in risk management for construction activities.
Ruya Qadir | CSG Solutions Marketing Manager
Aon Risk Solutions | Construction Services Group
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(t) 949.608.6305 | (m) 516-462-2619 Ruya.Qadir@aon.com aon.com