Originally posted 2014-05-02 09:00:06.
For this week’s Guest Post Friday here at Musings, we welcome Erik W. Peterson. Erik is the President of OAC Management Incorporated, has over 25 years of experience in the development and construction industry, and is the author of the book Taming the Squid—Organizational Sustainability/Surviving the 21st Century, © 2009, and Managing Editor of the book, A Guide to Construction Quality – The 7 Steps to a Proper Assembly © 2014. Mr. Peterson has also written 1-day and 2-day training courses for Quality Assurance Observation Certification. He is a frequent speaker at Colorado State University to their Construction Management Capstone Program and lives outside of Vail, Colorado.
Mr. Peterson earned a Bachelor of Arts degree in Industrial Technology from the University of Wyoming, completing a Masters in Christian Liberal Arts from Chambers College, and taught high school Electronics and Applied Physics.
Mr. Peterson has been married for 32 years to his wife Lorrie and they have two grown daughters.
As many of you are aware, there is generally a long tail of construction defect claims that follow an economic boom. A manifestation of that cycle occurred after the economy fell in 2008. The International Risk Management Institute (IRMI), reported in 2011 that we spent $3 billion in Construction Defect claims in 2010 alone – that we know of. Many forensic engineers and architects believe that number is probably 10x that as many a CD claim never gets filed or simply gets settled before it goes to court.
