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  • Exploration of Risk Potential in Design-Build Construction

    Exploration of Risk Potential in Design-Build Construction

    Design-build is emerging as the preferred method of project delivery with lower costs, faster times, and better quality. It combines architectural, engineering and construction tasks under one business entity.  Contractors are able to offer a single point of contact for building and facility owners. This reduced the liability and exposure for their clients while providing…

  • Decision Making During Uncertain Conditions

    Decision Making During Uncertain Conditions

    Uncertainty will affect decision making on any construction project. Various risk factors can lead to greater costs and longer durations. Planning is essential in the financing, design, build, and operation. Modeling the lifecycle and energy efficiency will aid in sustainable development. Calculating the benefit-to-cost ratio will determine the value of money to begin construction, start…

  • Scenario and Sensitivity Analysis in Construction

    Scenario and Sensitivity Analysis in Construction

    Construction projects are full of risks and uncertainties. These range from physical hazards to financial threats and legal burdens. Scenario analysis can be used to address safety concerns and formulate prevention measures. Utilization of sensitivity analysis will aid in decision-making in land development, sustainable design and material selection. Relying on expert experience and historical data…