Build with Confidence

Incomplete information and looming litigation have, unfortunately, become accepted ideals in the construction industry. Chaos has been a partner in construction for far too long. Projects don’t always want the clarity and accessibility of data because chaos can make more money. Money can be squeezed out of project budgets, from subcontractors, architects, and owners, when one party has the power to blame others for project downfalls. Global construction disputes hit $54.26 million in 2020 sucking the profits and funds from construction budgets.

Imagine solving construction chaos and litigation while moving construction into the current digital age with information governance.

Information governance is the collection and organization of documents that are shared throughout the project lifecycle. Every detail and communication on a project are recorded and stored on accessible software for instant real-time retrieval.

Without information governance, owners, operators, and stakeholders must mitigate the risks associated with insufficient construction document oversight. Risk Management is the most effective claims avoidance tactic for mitigation and/or early resolution.

Eliminate the data disconnect and build with complete and audited information throughout a project!

Have a third-party to keep all parties honest, ensure all data is collected and shared on the project and eliminate the causes for litigation. Every piece of documentation including Contracts, warranties, legal requirements, ASI’s and environmental studies would already be available for potential pre-discovery.

Cut out construction chaos. Control documentation, have third-party gatekeepers audit your data, stop construction litigation, build to defend, and build with confidence.

Published in AGC RISK MANAGEMENT SMART BRIEF