Risk Management for Construction
OUR EXPERTISE
Risk Management for Construction Services
Risk management in construction is essential because it helps protect the financial investment, timeline, and safety of a project. The construction industry is complex and involves many variables—such as weather, labor shortages, material costs, design errors, contractor performance, regulatory issues, and safety hazards. Without proper risk management, these issues can lead to costly delays, legal disputes, accidents, or even project failure.
NWM’s Construction Risk Management services involve identifying, assessing, and mitigating risks associated with construction projects. These risks can be financial, operational, environmental, or legal, and managing them effectively is crucial for the successful completion of any construction project. If you’re looking for nationwide risk management services for your construction projects, we’re your company.
250,000 +
Projects Completed
50
States
15
Years Of Experience
400 +
Lenders
Plan and Cost Review
Budget review
General Contractor Review
Post Construction Analysis
ABOUT CONSTRUCTION RISK MANAGEMENT
Key Components of Risk Management For Construction
Risk Identification
- Comprehensive Risk Identification: Recognizing potential risks that could impact the project.
- Documenting Risks: Keeping detailed records of all identified risks to ensure they are tracked and managed throughout the project.
Risk Assessment
- Identify Risks: Evaluating the likelihood and potential impact of identified risks.
- Analyzing Financial Assumptions: Evaluating the validity of financial assumptions such as schedule of values, allowances, and market conditions to ensure budget accuracy.
Add Your Heading Text Here
Risk Mitigation
- Developing Mitigation Strategies: Creating strategies to minimize the impact of identified risks, including contingency plans and cost control measures.
- Monitoring and Adjusting: Continuously monitoring risks and the effectiveness of mitigation strategies, making adjustments as needed to address new or evolving risks.
- Stakeholder Communication: Ensuring open communication with all stakeholders about risk management activities and any changes in risk status.
Progress Monitoring
Utilize NWM’s Progress Monitoring Services to track risks and report on their status throughout the project lifecycle.
We adhere to industry standards by utilizing RSMeans building data for cost feasibility, reviewing AIA contract documents for compliance, and applying CSI MasterFormat divisions for detailed cost breakdowns and specifications.
WE'VE GOT YOU COVERED
Comprehensive Risk Management for Construction Services
Budget Review
A construction budget review is a detailed examination of a project’s financial plan to ensure its accuracy, feasibility, and alignment with project goals.
Plan and Cost Review
A plan and cost review is a comprehensive assessment of a project’s scope, design, and associated costs to ensure they are accurate, feasible, and aligned with project objectives.
Post Construction Analysis
A post-construction analysis is a comprehensive review conducted after project completion to evaluate the project’s performance, outcomes, and adherence to the original objectives, identifying lessons learned for future projects.
PROJECT TYPES
Experienced In Every Project Type
Loan Types:
- Traditional
- Fannie Mae
- Freddie Mac
- USDA
- C-PACE
- LIHTC
- HUD
Residential
Commercial
Land Development
Modular
OUR TERRITORY
Providing Nationwide Services
We are proud to provide nationwide services to all our clients. You name the city, we’ve got you covered.
- Large network of inspectors across the country.
- Boots-on-the-ground anytime, any place.
- Communicative team and detailed reporting.
CONTACT US
Do You Have A Question?
Reach out to our team and we will answer any questions for you.
Address
6950 SW Hampton St
Suite 321
Tigard, OR 97223
Mailing
PO Box 25362
Portland, OR 97298
Phone
888.622.0397
sales@nwmriskmanagement.com
GET IN TOUCH!
Have a question for our team? We’re here to help.
If you are inquiring about becoming an inspector with us please click here.