5 Ways Contractors Can Manage Risk More Effectively

Nov. 18, 2014
When it comes to risk management on construction projects, what are you doing wrong?

Some would argue construction has always been a risky business — not a profession for the faint of heart by any means. Recognizing risk — planning for it, and countering its unpredictable effects on each and every construction project — has always been a reality for electrical contractors. Here are five of the most common mistakes subcontractors make on construction projects that can lead to bigger problems down the line. The good news is: With a little common sense and a lot of forethought, they’re fairly easy to avoid.

This photo gallery is based on the full article, “Know When to Hold, Know When to Fold” written by Contributing Writer Matthew Halverson.

About the Author

Matthew Halverson

Voice your opinion!

To join the conversation, and become an exclusive member of EC&M, create an account today!

Sponsored Recommendations

8 Types of Electrical Conduit and Their Uses

Electrical conduit is a tube or raceway used to house and protect electrical wires within a building or structure. From data centers to underground subways to ports and bridges...

How to Calculate Labor Costs

Most important to accurately estimating labor costs is knowing the approximate hours required for project completion. Learn how to calculate electrical labor cost.

A Powerful Duo: Fiberglass conduit and solar applications

Learn how strong, durable fiberglass conduit excelled in an environment with dense cable and helped make a complex burial much simpler for the contractor to help this customer...

Champion Fiberglass® Conduit Protects Cabling For New York's First Offshore Wind Farm

Learn how fiberglass conduit supported a heavy cable load and a buried installation to help this project reach a successful outcome.