While sustainability advocates push the benefits of green construction, more designers, contractors, owners and insurers are now confronting the risks behind those claims. Potential risks associated with emerging green demands have represented a gray area but as more claims and lawsuits land in court, details are becoming clearer. Although risks are often project- and location-specific, owners, constructors and designers of green buildings are finding some consensus, says New York City-based insurance broker Marsh in a new report. The study, “Green Building: Assessing the Risks,” identifies and ranks 10 key areas of green-building risk, five of which could be the most
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.