In this episode of the Feed & Grain Podcast [https://www.feedandgrain.com/expert-insights/podcasts], host Steven Kilger [https://www.feedandgrain.com/home/contact/15391861/steven-kilger-fg] interviews Greg Franzen and Mark Herbert from Faithful+Gould [https://en.wikipedia.org/wiki/AtkinsR%C3%A9alis] about best practices for construction projects in the feed and grain industry. The experts emphasize the importance of risk management, advising companies to maintain a simple yet comprehensive risk log involving the entire team. They also discuss strategies for maximizing value and protecting investments throughout the construction process. This informative conversation provides valuable insights for industry professionals planning new facilities or major renovations.

Expert insights on risk and cost management in grain facility construction

Introduction and Podcast Overview

Guests Introduction: Greg Franzen and Mark Herbert

What are some of the items to consider when brainstorming the costs of given risks and those risks overall in a project?

Identifying and Managing Construction Risks

Cost Risk Management Strategies

What advice do you have for clients and contractors on effectively managing project costs throughout the lifecycle?

Budgeting and Cost Escalation Challenges

Contract Understanding and Budget Validation

Effective Project Management and Risk Sharing

Role of Consultants and Conclusion

Steven Kilger, managing editor for Feed & Grain, talks about the feed manufacturing and grain handling industries with those who know the industries best, those who work in it. Facility Managers and topic experts stop by to have a conversation about the issues affecting operations across the United States. The podcast explores short and long-term solutions, advice for the industry members, and where the industries are heading in the future.