Risk Management & Assessment Services
Integrated risk management throughout the entire projectRisk is inherent in construction. Stonemark provides expert guidance on risk management in construction projects, analyzing and mitigating risk to ensure successful delivery of even the most complex projects. We effectively manage risk through advising on contracts, insurance and warranties to properly assign contractual responsibility. Our construction risk assessment processes follow Client and team evolution: in the beginning the project focus is on design and cost; in the middle it is execution and avoidance of delays and in the end functionality and enduring quality. Proper procedures for payments to all project participants including requiring and checking lien releases are a must. The higher the risk the greater the need to allocate resources early to limit risk exposure, avoid disputes and ensure a positive outcome. Stonemark creates true value by integrating risk management throughout the entire project.
- Prequalify experienced design professionals and contractors
- Prepare detailed Requests for Proposal and bid packages
- Verify bid compliance with scope and technical requirements
- Coordinate interview process
- Bid analysis and make recommendations for award
- Prepare insurance requirements and ensure compliance
- Negotiate and issue contracts
Our firm collaborated with Stonemark on the complete exterior renovation of this 65-unit faculty housing project that had suffered extensive water intrusion problems for over 25 years. While Stonemark championed the overall repair scheme, architecturally it was a challenging project. The buildings were of a contemporary style that permitted little tolerance for waterproofing detailing. Stonemark’s expertise was invaluable to the team in developing solutions to these technical requirements. As construction managers, Stonemark coordinated the board, UCSB, homeowners, contractors, the City of Santa Barbara permitting process and the entire project to its successful completion. Their oversight kept the project running smoothly and allowed us to focus on design and give the Client not only leak free buildings but great overall value.
Kevin Dumain, AIA
Kevin Dumain, AIA