There are a myriad of unknowns with every construction project, and as projects grow more complex, so too do the unknowns and the risk. Many large companies are already using risk-adjusted cost estimating methodologies, but all general contractors could benefit from better defining and analyzing risks early on to bridge the divide between budget and actual.

Technology can play a key role in providing updated, real-time information on risk factors and help bring together prequalification and bidding/estimating workflows. In this webinar, we’ll explore:

  • How GCs can prepare for the upcoming trend of risk-adjusted cost estimation
  • Best practices and useful advice on implementing this method
  • How the prequalification process can help in risk discovery
  • The connection between risk consideration and the bidding process
  • Using technology to bring risk analysis into the prequalification and bid management processes early on