Beacon Consulting Group, Inc. recently played a key role in helping a general contractor defend a “breach-of-contract” case where an electrical subcontractor was trying to hold the GC liable for more than $500K in alleged inefficiency, cost overruns incurred by the subcontractor. The subcontractor sued the general contractor in Federal Court.
Beacon Consulting Group, Inc. provides valuable consulting services to banks, developers, real estate investment trusts and other parties involved in the financing of construction projects. This article focuses on one specific service: Document & Cost Review (DCR). Financial institutions and other entities who finance (or directly invest in) construction projects must mitigate their risks by doing a thorough up-front feasibility review before approving a construction loan or investment, using a trusted and experienced consulting partner, such as Beacon Consulting Group. Beacon’s DCR consulting services normally start with a review and analysis of the following information: The developer’s cost estimates, project and site plans, and other documents that can be evaluated in advance of a bank issuing a loan or an investor committing funds.
Jim Bruno is Vice President at Beacon Consulting Group, Inc. Jim just celebrated his 10th anniversary at Beacon, where he has served our clients as a Senior Surety Consultant & Construction Project Manager since 2005. He is a seasoned construction professional with 25 years of experience in construction management and consulting, working on projects ranging from $5M to $421M.
Beacon Consulting Group is working on another construction consulting project at the U.S. Military Academy (USMA) campus (West Point, NY). Beacon has already been providing construction consulting / surety consulting services related to a 51,000 sq. ft. addition to the Keller Army Community Hospital at USMA.
According to a NY Building Congress analysis of NYC's 2016 Executive Budget, Mayor Bill de Blasio's administration is committing $42 billion to new infrastructure investments over the next four years, a large jump compared to previous plans.
Congratulations to John Yeung and Kieran O'Connor of Beacon's NYC office! Both passed their LEED Green Associate exams in April 2015. By earning the LEED Green Association designation, John and Kieran have demonstrated their knowledge of the most current sustainable building principles and practices.
Beacon regularly posts articles, updates and industry news items on Linked In. To view our LinkedIn company page, click on the Linked In graphic. Next, click “Follow” to keep up to date with what’s happening at Beacon. The link below also leads to the Beacon Consulting Group company page, where you will find news updates, project profiles, and industry items of interest.
After a long, snowy winter in the Northeast, spring is finally here. In the construction industry, this means much more excavation is underway again. So, there’s no better time to review the best practices for excavation safety and operations. Excavation-related accidents, where best practices are not followed, can lead to serious injuries and fatalities, long delays on construction projects, and even expensive fines and lawsuits. Read this recent refresher article on Beacon’s website to learn more about best practices for construction site excavation and trenching.
Dennis O'Neill, President of Beacon Consulting Group, Inc., and John Dreste of Ernstrom & Dreste, LLP, were the featured speakers at theApril 2nd meeting of the Chicago Surety Claims Association. Their topic was "Is What's Old New Again? 2010 AIA and Other New Bond Forms: Risks, Rewards and Protocol." The presentation reviewed some of the key considerations that sureties, outside counsel, and their consultants must be aware of related to new bond forms and information found in the American Institute of Architects' (AIA) most recent Bond Form publications. It also discussed practical steps that can be taken to mitigate claims under the Bond Forms.