PROJECT RISK MANAGEMENT

Construction projects are exposed to risk from beginning to end. Managing those risks requires proven strategies through all development, design and construction stages of a project.

King Industries Corporation (KIC) provides root cause analysis to traditional and recovery-related construction problems to uncover hidden risks inherent in procedures, processes and performance that often lead to impacts on cost and time. Once problems are identified, plans and actions are developed to minimize or eliminate the threats to a successful project.

This systematic risk management often uncovers latent opportunities for adding value to a project.

COST ESTIMATING AND MANAGEMENT

Out of the most common project criteria — time, cost, performance, quality and scope — KIC has learned that most clients focus their attention more often on project cost.

KIC engineers and project managers recognize just how important it is to have accurate cost estimates before a project begins. Accurate estimates are needed for budgeting, to verify or modify design decisions at various stages of project development, and to analyze the accuracy and fairness of contractor bids.

KIC’s cost estimating and management services include pre-bid estimates, project/program budgets, life cycle costs, value engineering cost estimates, bid analysis, estimating and checking change orders and more.

CPM SCHEDULING

KIC utilizes a proprietary checklist system, integrated with Procore, to provide Critical Path Method (CPM) scheduling, essential for truly effective project management.

We can provide the preparation, analysis and updating of baseline schedules based on actual project progress. KIC’s management capabilities allow clients to plan and organize work, measure progress, quantify impacts and adjust to changes with utmost efficiency.

KIC’s reporting protocols are tailored to our clients’ needs and reflect the requirements of various levels of personnel that will review the information.

Our scheduling services include Master program schedules, Design phase schedules, Construction phase schedules, Completion and turnaround schedules, Recovery schedules, Contract time determination for bids (engineer’s estimate of time), Preparation of schedule reports, Schedule analysis and trending, Progress completion verification (percent complete), Review & analysis of schedules prepared by third parties, and Analysis, preparation and/or testimony regarding delay and disruption claims.

SPECIALTY CONSULTING

KIC professionals possess a wealth of construction, management, consulting and design experience that allows us to offer a wide variety of specialty consulting services that include:

PROJECT RESCUE AND COMPLETION
High profile projects cannot afford delays, and often involve immovable deadlines. KIC provides “project condition assessments” that include completion costs, schedules and strategies, to get the project moving again.

FINANCIAL MONITORING AND AUDITING
Whether your source is a public agency, a bank, a brokerage house, venture capitalist or angel investor, KIC helps to successfully protect your investment. KIC works within a client’s specific project and contract restraints to break down risks and exposures to manageable components: financial, contractual, operational, organizational and insurable.

INTEGRITY MONITORING
KIC services continually offer project monitoring because extra precautions are necessary to prevent fraud, waste, abuse and corruption during a construction project. KIC seeks not only to identify inappropriate activity, but also deter it from happening in the future.