A Lesson in ERM: Establishing Subcontract Scope for Major Equipment or System Purchases

摘要

The construction industry appears to be on a path of recovery and much better positioned for growth than it has been in years. Challenges still exist though. For general contractors planning to take advantage of new business opportunities, keeping those challenges under control-especially the risks that threaten today's narrow profit margins-needs to be an important part of their plan, their Enterprise Risk Management (ERM) plan.