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October 18, 2018

Winners of the RIBA London 2016 Awards announced

A new home for the Ravens in the Tower of London; a Japanese-take on the London terraced house; and a new centre of excellence for brain research were last night among 36 projects named as winners of the prestigious RIBA London Award for architectural excellence in the capital. A magical

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Restaurant operators gobble up opportunities in Manchester

The number of restaurant units in Manchester now stands at more than 150, led by particularly strong growth from upmarket and casual dining operators which have doubled their supply in the city over the last five years, according to international real estate advisor Savills. Since the end of 2012, 30

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Metropolitan seeks contractor for Brampton housing scheme

Metropolitan Housing Trust is advertising a £20m contract opportunity to build a 14-acre residential development on the former site of RAF Brampton in Huntingdon, Cambridgeshire. The development will have 36 flats arranged in four three-storey blocks, and 174 houses that are predominantly two-storey semi-detached. Tender documents are available via www.delta-esourcing.com

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RIBA announces 2016 Council election results

Browser does not support script. Contact us The Royal Institute of British Architects (RIBA) has today (9 August) announced the results of the RIBA Council elections 2016. All RIBA Council appointments announced today will commence on 1 September 2016. National Council Members were elected using a single transferable vote. The

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Totally Modular solutions to star at Bristol Housing Festival

Totally Modular is – quite literally – taking its innovative solution for affordable housing to the Bristol Housing Festival, a new kind of event set up to re-imagine better ways to live in cities and to find solutions to the current national housing crisis. Totally Modular is a leading exponent

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Eco-Homes Are to Help Solve the City Housing Crisis

Gap Homes, a concept design of factory constructed, contemporary and cost-effective eco-homes, has been launched by the architects from international firm BDP’s Bristol studio. BDP is sponsoring the Bristol Housing Festival, which opens this week on the 19th of October with the launch exhibition that will showcase creative and innovative

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Ground-Breaking Ceremony for Leisure Scheme

The state-of-the-art £3.6 million leisure development in Grantham, Lincoln, held its ground-breaking ceremony. Once completed, the 20,000 sq ft site will house a five-screen, 650 seat cinema, operated by Savoy Cinemas, as well as two retail units. The development forms part of the wider regeneration of Grantham town centre and

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Risk Management in the Construction Sector

Construction is one vital industry that plays a significant role in growing the economy of a particular country. This industry focuses on the development of infrastructure, property or real estate, which is vital for the growth of any nation. The construction industry impacts other sectors like the health, education, and

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BDC 317 : Jun 2024

October 18, 2018

Winners of the RIBA London 2016 Awards announced

A new home for the Ravens in the Tower of London; a Japanese-take on the London terraced house; and a new centre of excellence for brain research were last night among 36 projects named as winners of the prestigious RIBA London Award for architectural excellence in the capital. A magical restoration of one of London’s historic gems went on to win the capital’s biggest prize for architecture this year, the RIBA London Building of the Year Award, sponsored by Marley Eternit. The stunning restoration of the 18th and 19th century buildings of Wilton’s Music Hall by Tim Ronalds Architects was revealed as the winner of the RIBA London Building of the Year Award at a ceremony last night (Tuesday 3 May). The judges praised the atmosphere created in the restored Wilton’s as ‘seductive and unforgettable’ with the architect’s great skill being used to give areas of the building an ‘archaeological character’. The awards ceremony – attended by many of the capital’s top architects and clients – was held at the Stirling Prize shortlisted University of Greenwich Stockwell Street Building, which houses the University’s Architecture Department. There were 181 entries into the RIBA London awards this year. Some 68 schemes were shortlisted and visited by one of our four expert juries.  That each shortlisted scheme has been visited and thoroughly examined makes the RIBA Awards widely regarded as the most rigorously judged awards in the profession. The RIBA London Award winners will now be considered for a highly-coveted RIBA National Award which will be announced on Wednesday 6 July 2016. The shortlist for the RIBA Stirling Prize for the best UK building of the year will be drawn from the RIBA National Award-winning buildings later in the year. The full list of RIBA London Award winners (in alphabetical order):  61 Oxford Street by Allford Hall Monaghan Morris 8 St James’s Square by Eric Parry Architects Alphabeta by Studio RHE ARK All Saints Academy and Highshore School by Allford Hall Monaghan Morris Corner House by DSDHA Covert House by DSDHA Curzon Bloomsbury by Takero Shimazaki Architects & Unick Architects Ely Court, South Kilburn by Alison Brooks Architects & Hester Architects Gagosian Gallery, Mayfair by TateHindle, Caruso St John & BDP Garden House by Hayhurst and Co. Godson Street by Edgley Design & Spaced Out Architecture Studio (SOAS) Graveney School Sixth Form Block by Urban Projects Bureau Greenwich Gateway Pavilions by Marks Barfield Architects Greenwich Housing by Bell Phillips Architects House of Trace by Tsuruta Architects Kingston Ancient Market Place and Stalls by Tonkin Liu Maurice Wohl Clinical Neuroscience Institute by Allies and Morrison & PM Devereux Merchant Square Footbridge by Knight Architects Modern Mews by Coffey Architects Modern Side Extension by Coffey Architects Newport Street Gallery by Caruso St John Architects Ravens Enclosure, HM Tower of London by Llowarch Llowarch Architects RCA Battersea by Haworth Tompkins Regent High School by Walters & Cohen Architects Royal Road by Panter Hudspith Architects Sir John Soane’s Museum by Julian Harrap Architects The Bath House Children’s Community Centre by Lipton Plant Architects The Plimsoll Building by David Morley Architects & Weedon Architects The Royal Hospital Chelsea, Long Wards by Peregrine Bryant Architecture and Building Conservation Thornsett Road by Allies and Morrison Tin House by Henning Stummel Architects Trafalgar Place – Elephant and Castle by dRMM Architects Turnmill by Piercy&Company Vaudeville Court by Levitt Bernstein Waddesdon Bequest Gallery by Stanton Williams & Purcell Wilton’s Music Hall by Tim Ronalds Architects In addition to the 36 RIBA London Awards announced on the evening, six of the winning projects went on to win special praise by also winning an RIBA London Special Award. These winners are: RIBA London Sustainability Award 2016 sponsored by Sika went to Regent High School by Walters and Cohen Architects        RIBA London Small Project of the Year Award 2016 went toHouse of Trace by Tsuruta Architects    RIBA London Conservation Award 2016 went to Wilton’s Music Hall by Tim Ronalds Architects          RIBA London Client of the Year Award 2016 went to Graveney Trust for the Graveney School Sixth Form Block by Urban Projects Bureau      RIBA London Project Architect of the Year Award 2016 sponsored by Tarmac goes to Dickon Hayward of Studio RHE Ltd for Alphabeta. And finally RIBA London Building of the Year Award 2016 sponsored by Marley Eternit goes to Wilton’s Music Hall by Tim Ronalds Architects                                          ENDS Notes to editors: For press enquires, including access to high res images and citations contact Owen Wainhouse, owen.wainhouse@riba.org 020 7307 3659 / 07931 424188 The RIBA London Regional Award winners will now be considered for a highly-coveted RIBA National Award in recognition of their architectural excellence, which will be announced on Wednesday 6 July. The shortlist for the RIBA Stirling Prize for the best UK building of the year will be drawn from the RIBA National Award-winning buildings. The RIBA Awards have been running continuously since 1966 and are judged and presented locally.  No matter the shape, size, budget or location, RIBA Award winning schemes set the standard for great architecture all across the country. RIBA Awards are for buildings in the UK by RIBA Chartered Architects and RIBA International Fellows. The RIBA’s London Region represents some 12,000 members and over 1,000 chartered practices in the capital and aims to promote excellence in the profession and the value of good design through a range of projects that celebrate achievements, campaign for quality, develop skills, offer training, further education and create opportunities for those in the capital.  www.architecture.com/ribalondon Follow us for London architecture updates @RIBA_London Posted on Wednesday 4th May 2016 Source link

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CDM 2015: An introduction to the role of the principal designer – London, 14 June 2016

Book Course HSL is to run a 1 day course on The Construction (Design and Management) Regulations 2015 (CDM 2015) – An Introduction to the Role of the Principal Designer – LONDON. ETC Venues – Marble ArchGarfield House86 Edgware RoadLondonW2 2EA Garfield House 86 Edgware Road London W2 2EAGarfield Hous86 Edgware Ro W2 2EA 14 June 2016 CDM 2015 creates a new role of the Principal Designer (PD) – a designer or design organisation appointed from the existing project team with duties to plan, manage and monitor the pre-construction phase and coordinate matters relating to health and safety during the pre-construction phase. A significant part of the course is intended to increase awareness and understanding of how construction risks can be mitigated through design and exchange of information. This event provides an introduction to this new role and is aimed at designers, clients, contractors and/or individuals who may take on the pre-construction phase coordination role for the first time, or simply want to understand the PD function for small to medium size projects.  It is not aimed at former CDM-Cs.   The course will be delivered by an ex-HSE Principal Construction Inspector with almost 40 years’ experience. It will include: An introduction and overview to CDM 2015 and the duties of the Principal Designer The role of the construction client The Principal Designer’s role in supporting the client Obtaining and using pre-construction information Appointment of designers and contractors The Principal Designer’s role in ensuring designers comply with their duties Exploring through case study and discussion the key health and safety risks construction workers can face during construction and maintenance Coordinating the flow of health and safety information The role of the Principal Contractor and liaison with the PD Preparing the health and safety file   Understand the changes introduced by CDM 2015, the policy objectives behind them, and how the Regulations enable proportionate compliance dependent on project complexity Know the role and duties of the Client, Principal Designer,  designers, Principal Contractor, and contractors and the relationships and interfaces with the Principal Designer Know the key health and safety risks faced by construction workers and those maintaining a structure Understand the importance of pre-construction information, its limitations and the need for interpretation and further investigation in some circumstances Understand the importance of achieving the effective communication of and use of design information Understand how effective management, coordination and monitoring during the pre-construction phase can help to eliminate or reduce risks during the construction and life of the structure As PDs, be better placed to make decisions on the relevancy of pre-construction and design information they should provide to PCs for construction phase health & safety plans, and relevant information for health and safety files   This training is aimed at individuals and employees of organisations who meet the definition of designer and could be appointed as PD, and those who want to understand the duties of a PD as defined in CDM 2015. This course is intended to provide an introduction and overview only to this new role and help delegates understand the actions that need to be taken to discharge the Principal Designer’s duties. It is not aimed at those involved in major projects or designed to establish or evaluate competence. ETC Venues – Marble ArchGarfield House86 Edgware RoadLondonW2 2EA The cost of this course is £495 per person (includes course notes, certificate of attendance and lunch/refreshments). Book Course Please note the invoice option is not available within 4 weeks of the course date, or for overseas customers. For further dates and additional information email: training@hsl.gsi.gov.uk or contact the Training & Conferences Unit at HSL directly on +44 (0)1298 218806. Back to Health & Safety Training Courses Back to the top Source link

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Restaurant operators gobble up opportunities in Manchester

The number of restaurant units in Manchester now stands at more than 150, led by particularly strong growth from upmarket and casual dining operators which have doubled their supply in the city over the last five years, according to international real estate advisor Savills. Since the end of 2012, 30 new restaurant brands in these two categories have opened in the city, with 14 arriving since the start of 2016, according to the firm’s analysis. El Gato Negro, Grafene and Busaba are among the new arrivals of the past 12 months. These new restaurants form part of a wider thriving leisure scene in Manchester. Savills analysis of the city centre revealed there are now more than 540 leisure units, including restaurants, bars, cafes, cinemas and other entertainment venues. Looking beyond restaurants to consider the leisure sector as a whole, a total of 70 new operators have arrived in Manchester since 2012, including 26 which have opened this year. Increased demand for restaurant space has pushed top rents in prime flagship locations to £40-50 per sq ft (£430-538 per sq m) in Q3 2016 compared to £30-£40 per sq ft (£323-£431 per sq m) five years ago. John Agnew, retail and leisure director at Savills, comments: “Manchester continues to be a major dining and leisure destination, and the city’s offer has grown significantly in recent years. Our analysis shows that aspirational brands feel at home in Manchester, with many new operators arriving to offer both casual dining and more upmarket experiences. There is truly something to suit every wallet and taste.” Savills says Deansgate, the Corn Exchange, Spinningfields, Piccadilly and King Street are among the most attractive locations for major restaurant operators, while independents continue to favour the Northern Quarter. For example, Wahaca recently chose the Corn Exchange for its second site in Manchester while Grafene headed for King Street and Shoryu will shortly open in Piccadilly Gardens. Tom Whittington, retail research director at Savills, adds: “We noted in 2015 that Manchester’s diners were increasingly looking to try new brands and culinary experiences. The figures this year indicate that numerous restaurant operators believe this trend is set to continue. Whilst it is true that some operators have found the city challenging, this is largely due to issues with their individual locations or size of units. Overall, Manchester’s dining and leisure scene is thriving.” Source link

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Metropolitan seeks contractor for Brampton housing scheme

Metropolitan Housing Trust is advertising a £20m contract opportunity to build a 14-acre residential development on the former site of RAF Brampton in Huntingdon, Cambridgeshire. The development will have 36 flats arranged in four three-storey blocks, and 174 houses that are predominantly two-storey semi-detached. Tender documents are available via www.delta-esourcing.com using access code: 25723GWM39.     This article was published on 28 Sep 2016 (last updated on 28 Sep 2016). Source link

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RIBA announces 2016 Council election results

Browser does not support script. Contact us The Royal Institute of British Architects (RIBA) has today (9 August) announced the results of the RIBA Council elections 2016. All RIBA Council appointments announced today will commence on 1 September 2016. National Council Members were elected using a single transferable vote. The first six candidates who reached the required quota and are therefore elected are: The following chartered members were elected as Regional Council Members using a single transferable vote: The following chartered members take uncontested seats as Regional Council Members: Simeon Shtebunaev was elected a Student Member of Council. – ends – Notes For further press information contact Melanie Mayfield in the RIBA Press Office melanie.mayfield@riba.org 020 7307 3662 The Royal Institute of British Architects (RIBA) is a global professional membership body that serves its members and society in order to deliver better buildings and places, stronger communities and a sustainable environment. www.architecture.com Follow us on Twitter for regular RIBA updates www.twitter.com/RIBA   Posted on Tuesday 9th August 2016 Search architecture.com just start typing and hit enter again × Browser does not support script. Browser does not support script. Source link

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SELECT awards ceremony honours the unsung heroes who keep the world switched on

In a world which is increasingly dependent on electrotechnology, the unsung heroes who keep us switched on had their moment in the spotlight last week (October 12) at a ceremony hosted by SELECT, Scotland’s largest trade association. Electrical professionals from companies large and small, and from every part of the country, gathered in Glasgow to submit themselves to the critical judgement of their peers – and emerge as winners. The accolades awarded by SELECT, the campaigning body for the electrotechnical trade in Scotland, had a special relevance in 2018, a year in which sector’s campaign for recognition of qualified electricians gained real traction. And they reflected not only the vital role of electricians in today’s interconnected world but also the verve and flair which SELECT member companies bring to activities such as marketing, safety, training and a host of other aspects of the sector. This year also saw new award categories, including Best Medium and Best Large Contractor. Darrell Matthews, SELECT’s MD said: “This has been an extraordinary period of activity for the sector, in which the Scottish government has been investigating the benefits of protection of title for electrical professionals. “SELECT has also established a dedicated Training Department which will take its training and skills offering to a new level. “The entries for the awards this year were in tune with the new levels of excitement in the electrical industry, which we feel is entering a transformational period backed by forward-thinking, innovative companies and individuals.” As an example of the growth the sector has experienced, the new Best Large Contractor award went to Edinburgh-based M-PACT Building Services Ltd – a company which, only a few years ago, had won an award as Best Small Contractor. Darrell Matthews said: “M-PACT is an outstanding example of the larger firms in the SELECT member portfolio who not only create jobs and opportunities but which also display a vision and ambition which means that, for them, the sky’s the limit.”   Other awards were:   Apprentice of the Year, won by Blair Hendry, who works with Fife Council.   Wholesaler Apprentice of the Year, a category introduced just last year, won by Stephanie Thomson, who works with Stearn in Glasgow.   Best Small Contractor, won by Newton Stewart electrical company ATD Electrical Services.   Best Medium Contractor, won by Kenneth Ferguson Electrical Contractor from Connel, a small village on Scotland’s West Coast.   Best New Product, won by Worcestershire-based ESP, for its smart security system.   Best Delivery of Customer Service, won by Invincible Fire and Security of Ardrossan.   Best Visual Promotion, won by Servest Arthur McKay, from Loanhead, near Edinburgh.   Best Electrical Safety Product, won by Annan firm Select Electrical and Mechanical Services.   A Lifetime Achievement Award, sponsored by Schneider Electric, was made to David Smith, Past President of SELECT, a current Central Board Member and one of the outstanding figures in the Scottish electrical industry. Mr Matthews said: “David has taken a keen interest in the sector but is perhaps most associated with training and the development of skills, having played a major role in a number of Scottish and UK organisations over the years. “He carries out his work in a professional and diligent manner, never forgetting the part that employers play in developing the skills and talents of the workforce.” The evening was hosted by Shereen Nanjiani, one of Scotland’s most popular radio and television personalities. SELECT’s 1250 member companies account for around 90% of all electrical installation work carried out in Scotland. They have a collective turnover of around £1 billion. The organisation helps to shape the market environment by representing the industry to all levels of government and helps influence legislation to create industry conditions which enable member firms to provide a quality service and maintain profitability.   For more information please contact Alan Wilson, Head of Membership and Communications at SELECT, the Electrical Contractors’ Association of Scotland, The Walled Garden, Bush Estate, Midlothian, EH26 0SB. T:  0131 445 5577. E: admin@select.org.uk. W: www.select.org.uk   Twitter: http://twitter.com/updates_select

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Totally Modular solutions to star at Bristol Housing Festival

Totally Modular is – quite literally – taking its innovative solution for affordable housing to the Bristol Housing Festival, a new kind of event set up to re-imagine better ways to live in cities and to find solutions to the current national housing crisis. Totally Modular is a leading exponent of offsite manufactured housing solutions and will be demonstrating one of its two-bedroom, four-person houses at the Bristol Housing Festival, Waterfront Square BS1, 19th October to 4th November. A highlight of the festival will be on Tuesday 23rd October, when a delegation from the Global Parliament of Mayors, which is also meeting in Bristol, will visit the showcase. Like all of the company’s residential modules, the house on display is built in a factory around a high-integrity steel frame, an approach that brings advantages to owners, occupiers and developers alike. Most notably, a house can be built in less than 600 hours, the controlled internal environment of the factory contributing to efficiency and helping ensure quality at every stage. Once complete, the house is transported to site, lifted onto prepared foundations and connected to utilities. Costs become almost perfectly predictable and new housing schemes can be completed with previously unimaginable rapidity. Available in a number of sizes and formats, the Totally Modular homes are ideal for both single person occupancy and for growing families. They can be used to create detached homes, semi-detached and terraced housing and even stacked to create blocks of flats. The exterior finishes can be matched to their destination’s style, traditional or contemporary, while internally, the fittings can be to any style and quality. They come with fully-fitted kitchens and bathrooms, lighting and heating; built-in furniture is a popular option for the smaller one- and two-person modules. Interestingly, the unit taken to Bristol has already been used as a demonstrator at Totally Modular’s Cradley head office and manufacturing site in the West Midlands. Its stylish two-storey design provides generous living areas and two large double bedrooms, so is suitable for four-person occupancy. The ground floor features a roomy kitchen with breakfast bar, a comfortable living/dining room with french doors out to the rear garden that also impart a light, airy feel. A downstairs W.C. and a storage/utilities space make for well-ordered living. Upstairs, there are two double bedrooms, a family bathroom and additional storage space. High vaulted ceilings and Velux windows on the stairwell and in the bathroom maximise daylight. Brian Maunder of Totally Modular says the module is a perfect complement to the aims of the Bristol Housing Festival. “We face a crisis in the affordability of our housing. We need to rethink the way we create homes and communities with new approaches and new technologies. “Bristol is taking responsibility for its future housing with innovation and creativity. It is a city that is prepared to stand up and lead.” The Festival provides an opportunity to road-test a range of existing concepts and innovative solutions in the real-world helping to speed up the delivery of quality, affordable housing in the city. It will be visited by most, if not all, of the UK’s city mayors, along with overseas counterparts and others involved in creating and implementing strategies for developing cities, who will be in Bristol for the annual conference of the Global Parliament of Mayors. Their meeting aims to solve key global challenges under the theme Empowering Cities as Drivers of Change and will discuss innovative approaches to the many challenges of housing provision. Photo Caption: Totally Modular will be demonstrating one of its two-bedroom, four-person houses at the Bristol Housing Festival from the 19th October to the 4th November 2018. About Totally Modular Totally Modular is a leading manufacturer of steel frame, modular homes for social and affordable housing. As a turnkey provider, Totally Modular designs, manufactures and installs homes that are 97% complete when they arrive on site; including pre-installed kitchens, bathrooms and finishes. Ground works, services and landscaping can also be incorporated as part of any housing solution. With the inherent scope and manufacturing capacity to provide multiple housing structures to fully accredited standards with maximum convenience, Totally Modular offers a comprehensive solution to tackle the housing challenges of the future. The image(s) distributed with this press release may only be used to accompany this copy, and are subject to copyright. Please contact DMA Europa if you wish to license the image for further use.

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Eco-Homes Are to Help Solve the City Housing Crisis

Gap Homes, a concept design of factory constructed, contemporary and cost-effective eco-homes, has been launched by the architects from international firm BDP’s Bristol studio. BDP is sponsoring the Bristol Housing Festival, which opens this week on the 19th of October with the launch exhibition that will showcase creative and innovative housing solutions. The new Gap Home prototype, designed specifically for small plots of land in towns and cities will also be present. “We are in dire need of new homes for a new generation. BDP’s eco Gap Homes will be quickly constructed, cost effective, sustainable and, most important of all, stylish, comfortable and practical to live in,” said Nick Fairham, architect director in BDO’s Bristol studio. “Disused garage plots on existing housing estates are an ideal location for these homes. Many of them have fallen into disrepair, becoming a magnet for everything from fly tipping to anti-social behaviour. Putting new, attractive and carefully designed houses in their place will not only help deliver much-need new homes, it will also bring new energy and life into these areas, revitalising neighbourhoods and helping to build stronger, more resilient communities,” he added. The eco-homes will be made in hi-tech factory conditions and assembled on site up to 40% faster than traditional construction, helping people move into their new homes sooner. Using smart design to make the best possible use of space, the homes incorporate maximum light and height and sophisticated design and storage solutions to give a sense of space, along with low energy services for modern living. With sustainability at the heart of Gap Home, the factory conditions used for the homes’ construction minimises on-site waste by up to 75% and uses materials that mean the final building has minimal energy requirements for heating, low energy lighting and renewable energy provision through solar panels on the roof, making them low carbon and low in running costs. In addition, due to the standardised elements and factory production, the homes can be produced at volume, keeping prices down whilst helping to meet high demand. A palette of materials and designs will be available allowing people to customise their own homes, including internal finishes, kitchens and bathrooms. The size of garage plots and other small urban spaces means the homes will have a compact footprint. Whilst meeting national space standards they will be an affordable option for first time buyers and those looking to downsize in later life.

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Ground-Breaking Ceremony for Leisure Scheme

The state-of-the-art £3.6 million leisure development in Grantham, Lincoln, held its ground-breaking ceremony. Once completed, the 20,000 sq ft site will house a five-screen, 650 seat cinema, operated by Savoy Cinemas, as well as two retail units. The development forms part of the wider regeneration of Grantham town centre and will include the provision of improved public realm. “We are delighted to be working on this scheme; the project is an important part of the wider regeneration of Grantham, which is currently seeing significant investment to revitalise the town through a range of different schemes,” said Javeed Virk, director at Pick Everard, which acts as the quantity surveyor and NEC contract supervisor of the scheme. “We are very pleased to be involved in delivering this scheme that will bring brand new retail and leisure facilities to the town centre. Pick Everard is involved in delivering quantity surveying and overseeing the running of NEC contracts, ensuring that all parties work together to deliver the project on time and on budget. This is something we have a great deal of expertise and experience in, and we look forward to taking this exciting project to completion,” Javeed added. The project has been procured via the Scape Regional Construction framework, with construction company G F Tomlinson delivering the build. “It’s exciting to see our partners delivering such a state-of-the-art project in the midst of the regeneration plans in Grantham. Scape’s commitment to delivering social value through our Regional Construction framework will ensure the local economy feels the benefits throughout the project’s lifetime and beyond,” commented Victoria Brambini, managing director of Scape Procure. “By engaging the local supply chain, the scheme will create important local employment and training opportunities, and once complete the whole community will benefit from the improved public realm. I look forward to seeing the project progress over the coming months,” she continued. Work on the public realm and building shell are due to be completed by Christmas 2018 to allow interior fit-out work to take place. It is expected that the development will open to the public next Easter.

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Risk Management in the Construction Sector

Construction is one vital industry that plays a significant role in growing the economy of a particular country. This industry focuses on the development of infrastructure, property or real estate, which is vital for the growth of any nation. The construction industry impacts other sectors like the health, education, and transportation positively. You will find most governments working closely with various companies or players in this sector to help improve infrastructure in the specific nations. Different construction equipment helps make work easier. Equipment can be classified as construction vehicles, earth moving equipment, construction tools, and material handling equipment. We have also seen the introduction of technology in this sector that has helped to make a lot of things much more comfortable. The use of project commissioning software has greatly assisted risk management because one can now easily ensure that all the systems meet the precise functional requirements before the commencement of any construction. Risk management is crucial when developing the final decision in any construction project. The construction sector and construction projects face several risks. These can be in the form of occurrences that may affect the outcome of the set goals of a particular agency. Risk management is there to judge the level of risk to which a specific project is subjected and select measures that can help mitigate the risk. Categories of Risk in the Construction Sector Here are some of the risks associated with the construction sector. Technical risks These can occur as a result of the lack of proper investigation of a particular site, poor design, inappropriate specifications, and doubts about the availability of specific tools. Logistical risks Logistical risks are centered around the accessibility of transport and other construction equipment. Management risks The productivity of the available resources and production-related problems are significant management risks. Environmental risks These risks are a result of different natural changes and may include bad weather conditions and seasonal limitations. Natural disasters are also part of this risk category. Financial risks Delayed payments, taxes, inflation, and exchange rates define financial risks. The Risk Management Process Identifying risks The process of determining the probable risks that may affect a particular project and recording the qualities of each type of threat is essential. Quantifying the risk Evaluation of the risk is carried out during this phase, and any probable relationship between risks and their causes is also evaluated during this period to determine whether it can affect the overall objective of a specific project. Risk response This response involves the implementation of various measures that are meant to eliminate the impending risks during the period of a particular project. The different actions include accepting, circumventing, observing, moving and reducing the risk. First, one has to understand a specific threat and the repercussions that may arise from it. This can be helpful when there are fast and affordable solutions to the situation. Monitoring the risk helps one create a backup plan. Alleviating the risk can only be accomplished once a specific risk has made any positive or negative difference to a project. Proper risk management is indispensable because it aids one in meeting objectives and also minimizes capital costs.

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