If you have visited the greater Boston area in the past two years, you most likely noticed one or more major construction projects underway or at least spotted some giant cranes looming in the distance. The city currently has many large construction projects underway, including major projects in the commercial, residential, educational, R&D, and public housing areas. The city's diverse economy is driving the need for new commercial space, particularly in the areas of biotech/life sciences, consulting, and technology. As a well-established center for higher education and a leading destination for young professionals seeking career opportunities in growing industries, the demand for residential space has also been growing fast. Click below for full article and project photos...
The Construction Financial Management Association (CMFA) 22nd Annual Mid-Atlantic Regional Conference was held September 24-26, 2022 in Cambridge, MD. This year, Beacon Vice President Kieran O'Connor was a speaker at the event, participating as part of a panel of Surety industry professionals. The panel members focused on all of the following areas: (1) Trends in Surety results Mid-Atlantic & Nationwide; (2) Outlook for Underwriting and performance and losses of Surety and Subcontractor Default Industries; and (3) Legal or claim trends.
Looking at the topic from the Construction Consultant's perspective, Kieran's portion of the presentation covered current trends in the U.S. Construction Industry, Surety Claims trends, and Solutions to current challenges...
Beacon was retained by a leading Surety company to provide construction consulting / surety consulting services related to a school renovation project taking place in Coral Springs, Florida (part of the Broward County School District). Beacon's Florida team is taking the lead role in supporting the Surety by providing the following construction consulting services:
- Cost to Complete Analysis
- Surety Consulting (Project Support & Monitoring)
- Construction Management Services
Click below for full article...
As I write this message, I am taking a week off to visit Ireland. My wife Laura and I are visiting with my extended family here, which is always a pleasure. Ireland is such a unique and fun country. If you have never visited, I highly recommend it. From its beautiful countryside, scenic coastline, quaint historic towns, dynamic cities, music, and culture, Ireland really has something for everyone. Most of all, Ireland's people are warm, friendly, and very funny.
One of the highlights of our trip was getting a tour of the historic Leinster House in Dublin, where the Irish government meets, including their Dáil Éireann (House of Representatives) and Seanad Éireann (Senate). Irish Senator Mark Daly was a fantastic tour guide (see full article for photos). Mark is currently head of Ireland’s Senate (and is a close friend of my cousin Tomas).
Thanks in part to its well-educated, tech-savvy workforce, Ireland has also become one of the leading business capitals of Europe. Major companies such as Facebook, Google, Microsoft, Apple, AirBNB, and PayPal all selected Ireland as the location for their European headquarters. Of course, let's not forget Beacon Consulting Group. We have had a presence here through our strategic partners for more than one year now...
Beacon was retained by a leading surety company to provide construction consulting services related to a high-profile project in New York City. TSX Broadway is a 46-story mixed-use hotel tower being built at 1568 Broadway in Times Square (see rendering). Located in the heart of Times Square, the project included the installation of massive computerized LED Screens / Electronic Billboards which wrap around the lower section of the building, as well as up its side and near the top of the structure. The LED signage system is reportedly the largest and most technologically advanced in all of Times Square, a neighborhood which is world famous for its many gigantic high-tech billboards and signs.
Josue Rivas Bermudez is the newest member of Beacon's construction consulting team. Based out of Beacon's Fort Lauderdale, Florida office, Josue holds a degree in Mechanical Engineering and has extensive experience working on major construction and engineering projects around the world. Having worked in the oil and gas industry for a number of years, Josue has worked in several different countries—traveling and living wherever the job took him. Along the way, Josue developed his foreign language skills. He can now communicate in four languages (English, Spanish, Portuguese, and Italian). At Beacon, Josue is using his knowledge of construction project management and engineering to help provide our clients with outstanding service on a wide range of construction consulting assignments...
Beacon's staff is always on the go. Whether flying to project sites around the country or traveling to participate in events related to surety claims and construction consulting, you can always find a Beacon staff member getting ready to catch a plane. Below are some photos from recent events and activities around the country, including photos from industry meetings, fundraising events, and other fun get togethers. Click below to learn more and view photos...
Once again, the summer has flown by in the blink of an eye! Last week my wife and I dropped off our 2nd oldest daughter at Syracuse University (SU) for her first year at college. While dropping off a teenager at college can be bittersweet, for me it's always fun and exciting to see the buzz of activity as young people move into their dorms and head into the next phase of their lives. The enthusiasm and excitement of the students stepping out on their own for the first time is energizing. Plus, it's eye-opening to see the incredible, modern facilities that many college campuses have today...
Beacon Consulting Group was retained by a leading surety to provide construction consulting services related to a new, $46-million visitor center being built in Niagara Falls State Park (see photo gallery at bottom of this article). The 28,000 square-foot, multi-floor visitor center is being built directly adjacent to the famously majestic falls, one of the most popular tourist attractions in New York State. Beacon was retained by the surety to monitor progress of the project and assist the general contractor with certain tasks to help expedite the project. More than 9 million people visit Niagara Falls State Park every year. Established in 1885, it is the oldest state park in the U.S. Although Niagara Falls are not the tallest or largest waterfall in the world, they are the most massive set of falls in the U.S. in terms of volume water and overall size...
By John Yeung, Vice President, Beacon Consulting Group. Beacon's New York City office is a short walk from Penn Station, the busiest railway station in North America. More than 640,000 subway, commuter rail, and Amtrak passengers pass through the station on an average weekday. The station is a terminal for trains run by Amtrak (which owns the station), Long Island Railroad, NJ Transit, and the New York City Transit Authority (MTA), with more than 1300 arrivals and departures on weekdays. Because the station is nearly 60 years old and serves twice the number of daily trains (and passengers) as it did in 1970, Penn Station's underground areas can often feel over-crowded, dark/dreary, and very out-dated...
