Tag: risk

Construction Business Owner, January 2008

Disaster recovery preparation is a huge buzz phrase in business today. Every day I go into businesses and talk about disaster recovery and ask what steps are taken to protect the business from a disaster. That is when the confusion starts; most companies are confusing disaster recovery with business continuity planning. Business continuity planning is the planning for a disaster; disaster recovery is the implementation of the business continuity plan.

Construction Business Owner, December 2007

“Right about now, Jerry Choate should be hiring workers and getting ready to install displays in the visitor's center at Cheyenne Bottoms near Hoisington. Instead, he's waiting. Persistent rains have turned what generally is shallow-water wetland into a sea of deep water.”—9/21/2007 The Hayes Daily News, Kansas

Construction Business Owner, November 2007

Several days of relentless rain were starting to cost real money. Like all construction companies, this excavation specialist had built weather delays into the contract for its work on a major new office building project. But the company’s own estimates of potential weather delays—not to mention historical rainfall averages for the time of year in this city—were already under water. Now, the ground was saturated, and the forecast was for more of the same. Expensive equipment sat idle. Schedules were out the window (this was supposed to be the dry season). Penalties couldn’t be ruled out. Cash would be getting tight.