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Project Management: Change Orders
by Robert McCue | Apr 7, 2017 | MDC Advisor® Newsletters
Once upon a time in Philadelphia, a charity hospital was seeking to modernize and expand its facility. Fundraising and design work had proceeded for a number of years, however, there never seemed to be quite enough money in the building fund to begin the project.
Risk Management
by Robert McCue | Mar 26, 2017 | MDC Advisor® Newsletters
The design review should be performed by the architects and engineers that are preparing the plans and specifications for the project. While it is commonly accepted that all plans and specifications are reviewed before being issued, we have found that this is not always the case. Competing pressures to both conserve budget and accelerate the bidding phase of the project often lead to shortcuts in the process.
Project Management Risk – The Real Cost of Value Engineering
by Robert McCue | Feb 1, 2017 | MDC Advisor® Newsletters
Problems stemming from “value engineering” are a common source point in many of our forensic engineering and claims management engagements involving systems, equipment or materials where the actual performance is found to be ‘problematic’ with respect to project expectations. Misunderstandings concerning the purpose and intent of value engineering are often at the heart of the problems we have noted. As a caution, the “value engineering” intent to reduce first costs will almost always succeed in the short term, but may fail to deliver “best value’ in the long term.
Risk Management – Internet of Things
by Robert McCue | Jan 31, 2017 | MDC Advisor® Newsletters
In this edition
- Internet of Things (IoT): Managing Risk and Reward
- Mitch Swann, P.E., Named to Pennsylvania Uniform Construction
- Code Review and Advisory Council
Recent News
- MDC Advisor® Issue 78 | Shipyards Dealing with Disruptive Claims
- Once Upon a Time In Construction, The Impossible Hotel Completion: When Miracles Come At A High Price
- Once Upon A Time In Construction: When Promises Fall Apart
- Change Orders: Maximizing Benefits for Owners
- Privatization of American Water Utilities
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