In the construction industry, every project carries a level of risk. However, if these risks are not managed properly, this can cost you more than money. In this eGuide, Payapps explains their top tips for de-risking the construction supply chain from industry experts across the globe
As a construction contractor, you know that every project carries a level of risk, and if this risk is not effectively handled, it can cost you more than money.
Payapps’ webinar brings together a panel of experts to discuss how businesses can mitigate risk across the construction supply chain
The risks faced by the construction industry vary, but in the simplest terms, “risk is the effect of uncertainty”.
Payapps’ webinar: ‘De-Risking Construction’ brought together a panel of experts and industry leaders to discuss how organisations deal with and mitigate risks in the construction supply chain, specifically where risk and technology intersect.
Matthew Nicholas from ProBuild highlighted how risk, and the potential impact, are subjective – they depend on the circumstances of the person assessing the risk.
The real test is how the identified risks are dealt with, and this will give a company the edge over its competitors by being able to pre-empt and deal with any potential risks early on.
To safeguard your business today, check out Payapps’ top risk management tips from industry experts across the globe, relevant for UK and Irish businesses.
In this eGuide, the following topics will be covered:
- The importance of risk allocation vs risk shifting
- Curbing risk through innovation
- Better decisions through data aggregation and analysis
- Using technology to lower risk
Read the full eGuide to understand how Payapps allows you and your supply chain to submit and manage both applications for payment, reducing risk through information clarity while improving transparency and collaboration through the supply chain.
