Risk Management In Construction

Risk Management is one of the most important, but often overlooked, activities to ensure the successful completion of a construction project. Without proper risk management, the project’s schedule, budgeting, and quality is at stake. A proper risk management process considers:

Risk Identification

Risk identification is the most important piece of risk management. This phase is critical in order to manage and complete the project successfully. It involves identifying all possible risks as well as the conditions giving rise to these risks. The earlier the risks are identified, the earlier the plan can be adjusted to reduce the effects of the potential risks.

Risk Assessment/Analysis

Once the risks in a project have been identified, further analysis is done through assessing and estimating the possibility of risk occurrence as well as the potential impact of each risk factor. To do so, consultants use available information, experience, and best practices to determine the frequency of risk occurrence and its level of consequences.

Risk Responses

Risk responses determine what action will be taken to address risks. It includes actions taken to avoid, mitigate or transfer a risk or its consequences. A risk response is determined by proposing several alternatives to eliminate or mitigate an anticipated risk and assign an optimum alternative as a response. It identifies and develops risk response options and determines actions for treating the risk and reducing any threats to projects objectives.

Risk Control

After risks have been identified, assessed, and appropriate responses have been developed, those findings are implemented. The risk plans are put into action, ensuring that they are being considered, accounted for, and reacted to. Risk control enhances projects by reducing risks, and controlling deviations from the project plan.

Hire one of the best construction consulting services in Boston to manage your construction project risks, prepare for challenges before they occur, and enable you to retain control over your project.

Office Renovation Trends Coming Up For 2018

Office renovation trends seem to be ever changing. Currently, the latest office renovation trend focuses on transforming the office into a happier, more rewarding and healthier workspace for employees. Current trends to transform your space include:

Zone mixing

One of the latest trends in office interior renovations is the mixing of zones. Commercial contractors must remember the need for quiet spaces as well as collaborative spaces. Creating mixed zones, where there are quiet workspaces as well as welcoming collaborative spaces can appeal to employees and customers alike. For example, many Google offices, feature workstations, relaxing hammocks, and energetic conference rooms side by side.

The branded workplace

Another recent trend in office renovations is to strengthen a feel of community and belonging with company branding throughout the workplace. Renovate your office into a branded workplace with the help of a professional commercial contractor in Toronto to reinforce corporate values and inspire your staff. A branded workplace can project the core principles of the company and create a memorable and immersive experience.

Bringing the outside in

Bringing nature inside the workplace is an ongoing trend. Incorporating nature into the office can reduce stress in the workplace, encourage creativity, and may even keep employees healthier. Bringing plants, outdoor enclosures, or patterns that mimic the outdoors are all ways to bring nature indoors.

Home away from home

A big trend for 2018 is the home-to-home feel. It is a back-to-basics approach that brings a welcoming, residential feeling to office spaces. Extravagance has become unnecessary for many businesses.  Incorporating homely finishing touches, natural textures & floral patterns in artwork along with wooden furnishings and decorative lighting structures brings a cozy home feeling inside the workplace. This may help form ideas and enhance productivity.

Multipurpose workspace

There is an emerging trend towards multipurpose workspace that caters to an array of tasks. It can be put to use for everything from presentations to an informal breakout area to a warm space for naps or yoga. This flexibility of multipurpose workspaces marks an end to the permanent layouts that many people are accustomed to.

Integrating bursts of color and texture

Last but certainly not least, businesses are trending towards introducing bursts of color, patterns, or texture into otherwise plain walls. Offices, if not designed properly, can appear to be dull places that do not inspire creativity. Combining pops of color in different ways into workspaces create a more diverse, encouraging and personalized work environment. 

How much does a store renovation cost?

Estimating how much to budget for your store renovation may seem like a daunting task. One of the biggest concerns of a store owner while renovating the store is, of course, “how much will it cost me?”

Unfortunately, there is no single answer. Instead, there are many factors that contribute to the bottom line of your store renovation project. These include the size and age of your store, the cost of the materials, and the extent of the renovation to be done. Ultimately only a qualified contractor who has understood your requirements will be able to arrive at a final number.

Many store owners consider store renovation as an expense, and as such, try to spend as little as possible. However, savvy store owners consider renovations as an investment, understanding that a renovation can bring a higher average order value and more customers to their location.

Understanding the investment required for a proper store renovation in Toronto is critical to realistic budgeting and a successful project. The exact cost of renovating your store will depend on its size and the age of the building, regional labor costs, materials used, and just how much of a face-lift it needs.

The age of the store is a particularly important factor. Many older stores may require infrastructure updates and are labor-intensive projects, whereas newer stores typically have easier access to wiring, plumbing and ventilation. In general, the older the store, the more the hidden costs. Likewise, the larger your store is, the more you may have to invest in your remodeling.

Sensible store planning and design will help you accurately calculate the materials and labor required. Planning ahead will prevent wastage, time delays, and unexpected expenses. Pricing of materials varies widely and is an area where store owners can save big if they buy correctly. Working with a trusted, expert remodeling contractor will enable them to source the best materials and designs from around the globe. Make sure you choose your commercial contractors wisely. Your commercial contractor in Vaughan will be able to save you money by keeping costs down wherever possible and work to deliver a renovation that you, your employees, and your customers will enjoy for years to come. 

5 Benefits Of Hiring A Cornerstone Project Management Consultant

The best construction managers tend to be experienced general contractors with plenty of field experience in the construction industry.  Cornerstone fits the bill in this regard.  Our project management consultants bring a fresh, unbiased perspective of your commercial construction project. From ensuring an effective bidding and selection process to final QA and sign off, we are your partner, every step of the way.

•        Cornerstone's project management consultants, add value to your project by using their skills and expertise to help deliver a solution and mitigate risks that provides a meaningful return on investment.

•        Cornerstone's project management consultants are experienced and trained. They proactively engage with the project in a timely manner and deliver a full-spectrum of services across every stage of the construction project’s life cycle.

•        Cornerstone's project management consultants are not just advisors. They are also practitioners and will take responsibility for managing a project or program. We educate our clients and guide them through all the challenges of the design and construction process so they will be get the end result they desire and need.

•        Our project consultants understand scheduling and budgeting in detail. We use advanced software and our best practices to monitor the project and do everything possible to work towards a final solution that is on time and under budget.

•        Cornerstone's project management consultants maintain high professional standards. We rely on our reputation and know that future business relies upon referrals and a successful track record.

By hiring Cornerstone, the preferred retail program and construction management consultant in Miami, you can successfully complete your complicated or difficult commercial construction project in a short period of time because we know what to do, when to do it, how to do it, and why. We also know what to avoid based on their lessons learned from a variety of environments, industries, and clients. This is invaluable knowledge that you can take advantage of. We aim to exceed our clients’ expectations in everything we do!