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Posted on: August 30, 2016 by Huntersure
Managing time, scope of work, budget, clients, and employees are inherent challenges for construction management firms. In addition, there are many unexpected obstacles that can pose issues for construction professionals. With that said, ensure your clients are aware of the common challenges and protected with a Construction Management Insurance Program.
Changes in scope of work.
Also known as scope creep, this occurs when project management allows the project’s scope to extend beyond its original objectives. Clients and supervisors may ask for changes to a project, and it takes a strong project manager to evaluate each request and decide how and if to implement it, while communicating the effects on budget and deadlines to all stakeholders, says Villanova University.
Lack of qualified workers.
This is a common pain point for the construction industry. As it’s such a competitive market, construction managers must find enough qualified workers who possess the skills needed to complete the job. Due to this, training programs must be implemented to hone the skills and competencies required.
Improper risk management.
Plans rarely go as anticipated, so planning for risk is a critical component for successful construction management.
Poor communication.
Keep morale high and projects running smoothly with effective communication. Direction for each step of the job should be communicated with all employees and expectations should be clearly set from the start. Further, construction managers should give positive and constructive feedback to team leaders and workers.
At Huntersure, we offer specially designed programs for construction management firms that provides coverage for third party claims as a result of negligent acts, errors, performance, and services. For more information about our products and services, contact us today at (855) 585-6255.
Posted in: blog Construction management