Session 3: Manage Risk and Take Responsibility with Confidence

Overview: Learn to identify, assess, and mitigate risks while taking responsibility to make sound decisions.

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Key Takeaways:

• Business Risks:

  • Understand implications of leadership decisions on personal liability, banking, bonding capacity, and insurance.

  • Manage common business risks.

• Project Risks:

  • Recognize key project risks including but not limited to schedule management.

  • Who needs to understand the contract terms, including superintendents.

• Contracts:

  • Understand essential components of design and construction contractserms and notifications.

  • Industry Standard Language (AIA documents) vs Owner Agreements.

• Responsibility & Accountability:

  • Making the call.

  • Learn how to escalate challenges for support before it’s too late.