Credit to Construction Business Owner for some great advice in a recent article. The authors explain (in five simple points, devoid of legalese), what contractors can and should do to manage construction risks. Rarely have I seen such a helpful guide for non-lawyers that can be read in under 30 seconds. The brief take-away:
#1Develop reasonable contracts – contracts should work to manage and transfer risk. Negotiate, rather than simply accept, risk allocation principles. Yes, you want the job, but you don’t want more risk than you can afford.
“…It was the second restaurant fire in Olympia in two years caused by towels in the dryer, and the fifth in five years to other businesses including hair salons…the cleaning towels that were left inside the dryer smolder for hours and then spontaneously combust. The greases and oils used in the cleaning process apparently don’t all get washed out…”
Investigators have determined a fire that destroyed the Oyster House restaurant in Olympia started in the dryer, when cleaning towels spontaneously combusted. Now, they’re sending out a warning to all restaurants, hair salons, and even bowling alleys where towels are used to clean things and then washed and tossed in the dryer.
Even before you start investing your savings for your future, one thing you need to do is buy a risk
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“…a water restoration company said it brought an infrared camera that detects moisture and found water damage in several rooms, the lobby and hallways on the first and second floors…Officials said the hotel had to cut off power because all the water became an electrical hazard…”
A sprinkler system malfunctioned at the Crestwood Suites Extended Stay motel on University Boulevard in East Orange County, Orange County Fire Rescue said.
The incident happened at about 8:30 a.m. Thursday.
“It was like a flood coming down. You looked into the lobby from the doors and it was like rain pouring through the ceiling,” said motel guest Andrea Paul.
“…the façade tore down sprinkler lines, sending water rushing into some of the rooms. Three floors flooded, damaging the electrical system. Officials say city engineers will be evaluating the building’s structural integrity…”
Work crews will be busy Friday cleaning up the damage left behind after part of a local hotel building collapses. Some guests at the Hampton Inn on Greenwood Street were evacuated overnight, after the hotel’s facade suddenly collapsed.
Pieces littered the ground with debris, making a mess on the north side of the building. People staying at the hotel said they heard a loud noise, grabbed their stuff and got out.
Sukirti Kandpal who is currently seen as Simran in Kaisa Yeh Risk Hai… Ajab sa Risk Hai says that she is hardly a risk taker and plays it easy!
My risk quotient – I don’t risk too much in any case. I am very straight forward and stubborn. A lot of things don’t affect me so my risk quotient is very less.
Risks in career related matters – I never risk my body for a shot which I think I cannot do because you do not know when you may hurt or injure yourself and come back one piece or not! If it is a concept that is not to my liking and I don’t believe in it I don’t spend my time on it. So, I am always Sukirti who can lend my face and acting skills to the character I am playing so I don’t think I risk anything at all.
Risking a false image – I never risk my image because I believe in the show I am doing and I believe I am a good actor with a pleasant personality and it is going to work all the time. Also risking a false image is not risking anything at all because people like what you are doing and I don’t risk that at any point of time. I am the same hard working actor who looks good and is on time so I am not risking my job.
Risks in the matters of heart – I risk things only when it comes to the matters of the heart. I have taken a lot of risks that way and fortunately met very good people and eventually everything turned out fine.
The time when I had to say ‘Kaisa Yeh Ishq Hai… Ajab sa Risk Hai’ – I felt that way when I took a risk with the person I have been dating for a long, long time which is Rishabh Jain and we are still together. It happened when I was very confused and I was not at my best then. I really respect him for that and I was like what I am doing and at the still knew what I was doing. That was the biggest risk and that time it was worth it and after that I came back to normal.
“…the restaurant is a total loss and smoke enveloped the entire intersection where the restaurant is located….the fire had spread quickly to the wooden trusses that supported the roof, up above a suspended ceiling…causing the roof to collapse…”
Fire investigators have determined that a fire that destroyed the Ram’s Horn on Tuesday originated in a deep fryer in the restaurant’s kitchen. The fire spread quickly during the lunch hour. Staff and patrons were evacuated and fire crews responded at about 12:12 p.m.
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Financial Markets (ECON 252) Statistics and mathematics underlie the theories of finance. Probability Theory and various distribution types are important to understanding finance. Risk management, for instance, depends on tools such as variance, standard deviation, correlation, and regression analysis. Financial analysis methods such as present values and valuing streams of payments are fundamental to understanding the time value of money and have been in practice for centuries. 00:00 – Chapter 1. The Etymology of Probability 10:01 – Chapter 2. The Beginning of Probability Theory 15:38 – Chapter 3. Measures of Central Tendency: Independence and Geometric Average 33:12 – Chapter 4. Measures of Dispersion and Statistical Applications 50:39 – Chapter 5. Present Value 01:03:46 – Chapter 6. The Expected Utility Theory and Conclusion Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
“…(plaintiff) and several others became entrapped in the hotel’s elevator…(she claimed) the hotel didn’t respond to the emergency call which resulted in two male guests in the elevator prying the door open and creating an opening to escape…hotel administrators pulled King by the legs through the opening resulting in her falling and suffering physical injuries…”
An Alabama resident is suing a local Marriott-owned hotel after allegedly being trapped in an elevator and sustaining injuries during an escape from the broken machinery. Maureen A. King filed a lawsuit against Marriott Hotel Services, Inc., Renaissance Hotel Management Company, LLC, Renaissance Hotel Operating Company, Sodexo, Inc. and John Doe in the Orleans Parish Central District Court.