ToolKit Committee - To develop and distribute tools built around the 10 Foundations of Risk Management for the purpose of reducing risk in member firms.
The Ten Foundations of Risk Management
Structural engineers have the highest claims-to-revenue ratio among practitioners in the Architectural-Engineering (A/E) field. Structural engineers do not necessarily have more claims made against them. Rather, these claims tend to be higher per claim than claims for other types of engineers or architects.
These Foundations were developed by engineers in private practice to help engineering firms focus their practice on avoiding and minimizing risk. The first five Foundations deal with the process of the engineering business and the last five deal with project management.