Construction projects can become "distressed" for a wide range of issues. Regardless of the root cause, the stakes are high for all parties involved. Surety companies, in particular, must often step in to ensure the project is completed as required under the terms of a surety bond. Successfully turning around a distressed construction project requires expertise, clear communication, and a structured approach. In this article, Beacon's John Yeung shares ten key tips for assessing and managing the turnaround of a troubled construction project...
The Croton Above Ground Structure & Landscaping Project is an $83-million construction project currently in the completion process in Van Cortlandt Park in the Bronx, NY. Located next to the Mosholu Golf Course, the project is the fourth and final phase of a larger construction project. The scope of work includes: (1) A new golf clubhouse; (2) A driving range with 55 tee boxes; (3) Waste management; (4) Water filtration; (5) Site work & landscaping. Beacon was retained by a leading Surety to provide all of the following construction consulting services on the project...
Dennis O'Neill, Beacon's President & Founder, and Sr. Project Manager Elizabeth Paquet presented at this year's Intact Surety Claims Conference. The event was held in Chicago (May 15-16, 2024) and was attended by leadership and staff members from Intact Surety's U.S. and Canada offices, as well as invited guests and consulting partners. Beacon's presentation was focused mainly on construction technology, but also provided an interesting and informative overview of current statistics and trends in the construction industry...
Guido Morfesi joined Beacon's Construction Consulting team in the fall of 2022. Since that time, Guido has been providing project management and construction consulting services for Beacon's clients at multiple projects around the country. Although he is based in Florida, Guido also played a lead role on an important Beacon project located in Ohio through 2023. We caught up with Guido this week to learn more about his background.
Question: When did you start working as a Consultant with Beacon?
Guido: It will be 2 years in the Fall. The first project I worked on was located in Cinncinnati, OH...
Beacon was recently retained by a leading Surety company to provide construction consulting and construction management services related to an ongoing construction project at a United States Marines facility located on Blount Island (in Jacksonville, FL). Beacon has a long track record of working on military bases across the U.S., as well as at the U.S. Military Academy at West Point, NY. The Blount Island Marine Corps Support Facility is one of the United States' newer military installations, but plays a crucial role in global security. Specifically designed for maintenance operations concerning maritime ships utilized by the U.S. Military for rapid deployment and the positioning of Marine troops globally...
I hope your March is going well! I would like to lead off this month by saying congratulations to Kieran O'Connor, who heads up Beacon's Florida office, and his wonderful wife Erin. The couple welcomed their first baby in late February, Rory Joseph O'Connor. Both Erin and young Rory are doing well! In other staff news, please check out this month's Beacon E-news for a staff profile of Jim Lynch. Jim is a young project engineer who hails from County Kerry Ireland, the same county in Southwest Ireland where my parents grew up. Jim is a hard-working, talented young guy. We are happy to have him onboard...
Ave Maria University is a private 4-year college located in Southwest Florida (not far from Fort Myers and Naples). Beacon was retained by a leading Surety to help with the completion of construction/renovation projects underway at the university's athletic complex. Beacon Vice President Kieran O'Connor led the project, operating out of Beacon's Ft. Lauderdale, FL office...
Every year, staff members from Beacon Consulting Group participate in the ABA's Fidelity & Surety Law Committee (FSLC) Midwinter meeting. This is one of the main industry meetings for professionals working in the Surety & Fidelity Bond industry. This year's meeting was held in New Orleans, LA, at the Roosevelt Hotel. Click below to see photos and more info about this year's meeting...
Beacon Consulting Group was retained by a leading Surety to provide construction consulting / surety claims consulting services related to a homeless shelter renovation project in downtown Fort Lauderdale, FL. Beacon was hired to help ensure that the project was completed following the default of the General Contractor on the project. The $1.2-million first phase of the building's renovation included the upgrade / renovation of bathrooms, shower rooms, and adjoining spaces used by residents. This entailed upgrades to mechanical systems, electrical, plumbing, sprinkler, and fire alarm. The project also included all related finish work (such as painting, tile work, flooring, etc). Kieran O'Connor served as Beacon's Lead Consultant and Project Manager for this assignment. Click below for full project profile.
On December 7th and 8th, Beacon's team came together in Boston to celebrate our 20th Anniversary and hold our annual corporate meeting and holiday party. It was a truly memorable two days, with our corporate meeting held at the beautiful Omni Hotel in Boston's Seaport District. The festivities kicked off on Thursday night with great drinks, food, and competitive darts at "The Flight Club." Please click below for full article...
