Alpman Ilker confirms that currently there are more and more pitfalls in the US construction agency. Builders risk insurance does not cover bad workmanship or inferior materials and with the best will in the world you are not able to watch all employees all of the time. Add to this natural disasters, new scaffolding laws and the trade is a lot more tricky than it used to be.
Anyone working in this field needs to be at the top of their game, aware of any risks and to have a team of trusted employees overseeing the work at all times.
It becomes harder to do this when there is a skilled labor shortage, this means you have an aging workforce or inexperienced workers both of which can come with their own concerns.
Around 21 percent of construction industry employees are age 55 and older, while just 9 percent are 24 or younger.
The inexperienced workforce can lead to defect claims on the properties built. These defects are resulting in failures to buildings or structures and leading to property damage and human injury
Lack of construction companies might tempt you to take on more work than you can handle, especially when you take into account that you will need to rely on other people for materials and that your work is very weather dependant. Couple this with the fact that building is booming in the US and clients will offer you great deals to take on their projects. Just take care that you do not try to grow at an unrealistic rate and end up ensuring the downfall of your business through over promising and under delivering, you need to maintain a great reputation, even in this current climate.
If you are working in wood then you have to be aware of fire risks. A single spark from a welding device or even a light for a cigarette can cause great damage and this is actually far from common. This can cost you thousands in terms of materials, time and definitely reputation; imagine explaining that one to the boss. That is without thinking of all of the flammable materials that could be on site, solvents, gasoline for machines paint and so much more.
If you are not finished on your site when the weather changes this can bring another set of concerns. Leaking or frozen pipes and even vandalism can ensue. The water that may leak could destroy the buildings that are still drying out, this could cost thousands to repair and again this will delay the job significantly. Then materials can be stolen, properties can be vandalised. Losses in construction in the US cost the industry over one billion pounds each year. This will inevitably raise insurance premiums for construction companies so in the long run you will end up paying for this loss. The extra time taken to finish the project will cost your client money and they will look to recoup these losses however they can. Then you do not even want to consider natural disasters or overnight changes in regulation which can cost you in time and money once more.