180. Mastering Risk Management in Construction

180. Mastering Risk Management in Construction

Author: By FOUNDATION Software October 15, 2024 Duration: 40:49

In this episode of the Mobile Workforce Podcast, host Mike Merrill speaks with Rob Remington, a construction lawyer with over 30 years of experience in the field. They discuss the evolving landscape of the construction industry, particularly as it shapes contract management, risk mitigation and the use of technology like project management software and AI.

This conversation is vital for contractors looking to protect their bottom lines and improve operational efficiency in a fast-changing market.

Key Takeaways:

  • Implement effective risk management strategies to protect profit margins and avoid scope creep.
  • Ensure thorough understanding of contract terms to prevent costly mistakes and disputes.
  • Utilize technology tools like FOUNDATION® and AI to streamline project management and enhance communication.
  • Proactively enforce lien rights and follow dispute resolution processes to secure financial success.
  • Address challenges in the supply chain, labor shortages and inflation to manage costs effectively in both private and public projects.

Running a team that isn't tied to a single office comes with a unique set of challenges and opportunities. The Mobile Workforce Podcast, brought to you by FOUNDATION Software, digs into those realities through candid conversations. Instead of abstract theory, you’ll hear directly from leaders and experts who have navigated the complexities of managing remote and dispersed teams. They’ve been in the trenches, figuring out how to maintain productivity, foster company culture, and drive profitability when everyone is geographically scattered. Each episode focuses on practical insights and lived experiences, offering a sense of camaraderie and concrete advice for business owners, managers, and operational leaders. The discussions naturally explore how to streamline processes, leverage technology effectively, and build resilient systems that support a mobile workforce. This isn't about fleeting trends; it's about sustainable strategies for operational excellence. Tune in for a genuine exchange of ideas that challenges conventional thinking and provides actionable takeaways for improving how your business functions day-to-day. Whether you're deep into managing remote teams or just beginning to build a more flexible operation, this podcast serves as a valuable resource for navigating the evolving landscape of modern work.
Author: Language: English Episodes: 100

The Mobile Workforce Podcast
Podcast Episodes
182. Navigating ASC-842: What Construction CPAs Need to Know [not-audio_url] [/not-audio_url]

Duration: 28:48
Listen in as Mike Merrill and CICPAC Executive Director Kathleen Baldwin discuss the implications of the new lease accounting standard, ASC-842, on contractors' financial statements and business operations. ASC-842 now r…
179. Mastering Effective Communication and Employee Engagement [not-audio_url] [/not-audio_url]

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178 Revolutionizing Payment Systems for Your Construction Business [not-audio_url] [/not-audio_url]

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177. Why Data is the Future of Construction Management [not-audio_url] [/not-audio_url]

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In this episode, join Host Mike Merrill as he talks with Pronovos President Bruce Orr about how leveraging precise project data, such as WIP reports and KPIs, can dramatically enhance profitability and operational effici…
174. The Benefit of Year-Round Compliance [not-audio_url] [/not-audio_url]

Duration: 45:30
Listen as host Mike Merrill speaks with YHB CPAs & Consultants Matt Smith, CPA, and Dorrie Franzello Kurtz, CPA. They discuss the importance of year-round accounting compliance in the construction industry. They highligh…
173 Why Your Construction Business Needs a Construction-Specific CPA [not-audio_url] [/not-audio_url]

Duration: 24:17
Listen as Host Mike Merrill and Foundation Software CPA Liaison John Corcoran discuss the critical role of CPAs in the construction industry. Corcoran gets into the nitty gritty of why it's so important to have a CPA who…
172. Setting Profit Goals and Managing Cash Flow in Construction [not-audio_url] [/not-audio_url]

Duration: 37:59
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