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Mitigating Risks Among Worldwide Building Failures

by Jan 30, 2024Business Continuity, Disaster Resiliency, Emergency Preparedness, Preparedness, ReadyGlobal

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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