From supply-chain structure through the incredible amounts of money exchanged to the impact the work has on the world, the construction industry is one laden with responsibility.
As professionals in this industry, and RICS-accredited ones at that, quantity surveyors and project managers bear the brunt of that responsibility, much of it financial. We have therefore dedicated this issue of the Construction Journal to the theme.
Risk management through insurance of course features heavily. Greg Harrison gives us the opportunity to think about the subject from a slightly different angle: what are the most common causes of insurance claims? How can these enable us to make better-informed decisions?
The most important aspect of insurance is to be fully aware of what you are buying, he maintains – a point echoed in Rebecca Ransome-Lewis's legal update, where she discusses the first case in which a court considered how subcontractors come to be covered under contractors' all-risk insurance.
Andrew Smith also provides a short overview of what APC candidates need to know about insurance, and Elliott Patsanza gives a detailed breakdown of construction bonds: what they are, and why and when to use them.
This issue covers the perennial topic of taxes as well. Jeremy Chapman advises on the benefits and uses of capital allowances, while Julian Potts summarises the implications of a new domestic reverse charge for contractors and subcontractors, which comes into force from 1 October.
As the latter piece highlights, staying informed of changes and developments is vital to providing a good service. Yet changes come thick and fast in the modern world, a key example being the growing risk of cyber fraud, so Stuart Mangion counsels surveyors on how they can equip themselves to handle the growing number of risks they face.
Elsewhere, Murray Rowden of Turner & Townsend provides some insight into US infrastructure, offering advice on how to ensure infrastructure projects attract the required investment, while George Tuckwell introduces us to the Gravity Pioneer project, a venture that aims to improve our ability to detect objects underground. And in the first of a new series seeking feedback from those we work with, Geoff Gilbert gives his perspective as an infrastructure client.
This issue provides some RICS updates, too: Gary Strong, global building standards director, gives an overview of what RICS has done and is continuing to do in the aftermath of the Grenfell Tower tragedy, and Anthony Taylor and Jeffrey Tribich brief us on the second edition of the Surveying safely: health and safety for property professionals global guidance note.
Justin Sullivan, chair of the Standards Transformation Project Implementation Advisory Group, also brings us up to speed on the steps RICS is taking to create a future-facing governance structure, following approval from the membership in the vote of last November. One of those steps is leaders forums, the first of which, the Built Environment Leaders Forum, is represented in this issue by an account of its inaugural meeting.
I very much hope you enjoy the issue, and look forward to seeing many of you at the upcoming RICS Construction Conference and the Digital Built Environment Conference. I'm as happy to take feedback on the journal in person as I am via email.
Steph edits the Construction Journal and conservation-related material for the Built Environment Journal. What she enjoys most is the skills exchange involved in editing the journals – combining the technical knowledge of the authors with her understanding of writing, language and the publishing process. Her previous experience includes work on newspapers, magazines and medical journals.