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Construction Risk Profiling™

What is Construction Risk Profiling?

Construction Risk Profiling is the IDENTIFYING OF KEY AREAS OF RISK EXPOSURE FOR A CLIENT, be it construction, design, personal injury, disabled access compliance or any other number of issues. Construction Risk Profiling takes a broad combination of skill sets, (derived in part from meeting stringent licensure requirements), and combining these skills with experience and a particular way of looking at issues. In other words, to be an effective practitioner in this arena, a multi-disciplinary approach is required; the ability to view the macrocosm and the minutia simultaneously and understand how they fit together, or in many cases, don’t fit together. By way of illustrating this one can take a hotel and a hospital and look at their similarities and their differences. Both offer what may be loosely described as a primary hospitality service that aims to cater to the needs of visitors or patients. Although there are very obvious differences in the function and service provided by these facilities, if there are barriers to access, then both facilities will be unable to deliver their specific services effectively. In addition, both will have similar vulnerabilities and exposure to “ADA” or  personal injury litigation. Similarly, if there is an issue relating to defective construction in either facility, again there will be an impact on their ability to effectively function and provide services. It is also important to note that there will likely be an impact on the life expectancy and fiscal value of the structures.

In design and construction, risk analysis can be described as a systematic methodology and ongoing process by which occurrences that may substantially affect the end product can be identified, quantified, modeled, managed, and monitored. This tool is especially useful as a method of good project management and planning, because the business of building is inherently risky—the risk mitigation methods can be applied to project cost, schedule, quality/performance, safety, and business operations, especially as construction risk increases with the size of the project. Good risk management procedures ultimately measure the team\’s confidence level in the project on an ongoing basis, and allow the introduction of corrective actions, monetary contingency, and schedule float in order to minimize losses to the project and increase the likelihood of the project being completed on schedule and within budget.” WBDG: National Institute of Building Sciences See: Minimizing Construction Risk

ARCOR-Inc. brings its expertise to all stages in the life cycle of a construction project, however, it is a company that promotes an EARLY RISK RESPONSE APPROACH. This is a departure from the old traditional approach to construction risk where typically a waiting game is played until critical problems present. Attention, action and resources should rather be invested in the areas where there is early, major risk exposure identified and where the greatest cost and time savings can be achieved.

ARCOR-Inc. has developed a systematic proprietary methodology for the identification and measurement of DESIGN AND CONSTRUCTION RISK, as well as a methodology that provides options for addressing, remediating and mitigating the identified construction risks. ARCOR-Inc. refers to their methodology as CONSTRUCTION RISK PROFILING™.  The mission of ARCOR-Inc. is to be PROACTIVE rather than having to be REACTIVE, addressing the problems as they are identified, rather than waiting until critical problems present. The primary objective is to come in early so that risk profiling takes place at a point in the project\’s life cycle where potential future risks can be identified, mitigated and managed. With the early application of  CONSTRUCTION RISK PROFILING™ and the potential for early identification, comes the OPPORTUNITY to reduce vulnerability and exposure by making the necessary adjustments and corrections at a less obstructive time in the building process. This of course has enormous implications for reducing the significant costs that come with litigation, claims, insurance costs and the interruption of business.

The range of services and hours of operation that many institutions provide, lend themselves to additional risks with regard to exposure to personal injury, disabled access compliance, storm water mitigation compliance, construction defects and construction claims. It is particularly relevant at this time, as building envelopes, in order to meet environmental and energy challenges, are being compromised with respect to the efficacy of the building envelope as an effective vapor barrier.