Contractors can take concrete steps to mitigate the risk of loss from catastrophic weather before, during and after the event. Aon's Todd Gillman runs through the relevant measures, beginning with an assessment of insurance coverage.
Construction industry indicators are largely positive for another strong year after a robust 2018. But a survey reveals only a small majority of architecture, engineering and construction professionals expect higher revenues in 2019, and a substantial fraction believe results will be less lustrous than last year's.
Contractors are split on the high-tech safety applications of technology such as wearables and drones, with some saying they may be a good fit for larger work sites but not a necessity for smaller projects. Regardless of technology, though, it's important to get workers to buy into safety procedures from the start, says Rodney Spencley, DPR Construction's corporate director of safety, quality and labor relations.
The Dodge Momentum Index, which gauges the construction pipeline for nonresidential building projects, finished 2018 4.3% higher than in 2017. The increase can be largely attributed to an uptick in demand for institutional projects, as demand for commercial projects only exhibited marginal growth.
The site of the now-demolished Riviera hotel-casino in Las Vegas will host an $860 million expansion of the Las Vegas Convention Center, the annual venue for the CES technology show. "The convention center expansion not only creates jobs regarding construction but also jobs with the new hotel rooms and what that means for the future workforce in the future," Cara Clarke of the Las Vegas Metro Chamber of Commerce says.
Republican state legislators in Virginia have joined Gov. Ralph Northam in supporting a planned bill that would add tolls on Interstate 81. The measure would fund $2.2 billion worth of improvements along the highway's 325 miles in the state, with annual passes available and tolls varying based on time of day and type of vehicle.
Major storms, including accompanying winds and floods, threaten lives, destroy property and damage critical infrastructure. Power outages, broken communication lines and disruption to road, rail, sea and air transport are common in the aftermath of major storms, affecting both business and everyday life. Airports are a critical part of our modern infrastructure, essential to linking people and businesses around the world. Building long-term defenses against perils such as storm surges and flooding is becoming essential to future resilience. Is our infrastructure ready for extreme weather? Read more.
[A]greement in likes and dislikes -- this, and this only, is what constitutes true friendship.
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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.
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