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Mitigating Risks Among Worldwide Building Failures
Mitigating Risks Among Worldwide Building Failures
Amid global construction, efforts to curb building failures intensify, with $100 billion invested annually to mitigate risks. Studies indicate a 15% increase in reported structural failures worldwide in the past decade. Approximately 20% of construction projects face significant structural issues during or post-completion, leading to financial losses exceeding $10 billion annually. Enhanced quality control measures and advanced inspection technologies aim to reduce failures, ensuring safer and more resilient built environments.
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