Risk Management

Risk management is the process where we identify the project risks, analyze them, and determine the actions to prevent dangerous situations on any project.  Each step in the risk management process should be counted-in to manage all risk:

  • Collaborate with the project team including owners, contractors, architects, engineers and others to promote safety and risk management to meet project goals
  • Plan and implement safety policies and procedures in compliance with local, state and federal Occupational Safety and Health Administration (OSHA) rules and regulations
  • Select appropriate techniques and implement programs to minimize loss
  • Develop materials to warn of potential safety hazards and to prevent access to hazardous conditions
  • Inspect job sites and offices/trailers to detect potential accident and health hazards, establishing corrective measures and ensuring implementation
  • Provide assistance and guidance to project teams regarding liability, risk issues and contract administration
  • Plan and implement programs to train managers, employees and subcontractors on work site safety practices
  • Educate and train employees as to the risk management program and their respective responsibilities

Additionally, Riley Construction has implemented a sophisticated subcontractor prequalification process to protect ourselves and our clients from financially unstable subcontractors.  Aside from working with subcontractors we know and have long-term relationships with, we have taken the extra step to introduce our own financial “stress test” to assure a company’s solvency.  This includes a prequalification process that includes review of audited financial reports, and confirmation of its insurance and bonding capacity.