Beacon News

President's Message / Happy St. Patrick's Day from Beacon Consulting Group!

Happy St. Patrick's Day! As the son of Irish immigrants, St. Patrick's Day has special meaning for me. It's as much about the American Dream as it is about Irish Culture & Heritage. My three siblings and I have been especially lucky to have been raised by parents who instilled in us the importance of education, hard work, never giving up, and treating other people with the kindness and respect. Thanks to the sacrifices of our Irish immigrant parents, my siblings and I have truly been able to live the American Dream. Beacon’s team of professionals with backgrounds from Ireland, China, Burma, England, Italy, Germany, Scotland, (to name a few), embrace these values in their work and personal lives each and every day to pursue the best life has to offer.

Beacon President's Message Oct. 2020

Well, the World Series is over (congratulations Dodger fans), Covid-19 is boomeranging, and the Presidential Election is upon us. What a year...it seems to be lasting forever! On the bright side, in the construction industry we are seeing some positive news in recent weeks as some large construction projects continue to make progress and plans for some very large new projects are being announced. Let’s hope we will see a good resurgence in the economy and many new project announcements over the next year. This month, we profile a very interesting assignment which Beacon has been consulting on: The Catskill Aqueduct Repair & Rehabilitation Project. We have been providing construction consulting services to a leading Surety related to part of this project, which is a major rehabilitation project of a 104-year-old, 74-mile-long, water-supply aqueduct running from the Catskill Mountains to just north of New York City. Our team has consulted on many critical infrastructure projects over the years, but this is an important one because the aqueduct provides almost half of New York City’s water (more than 8.3 million people count on that aqueduct working right)...

Project Profile: Beacon Consulting on Critical Water Supply Infrastructure Project For New York City

The Catskill Aqueduct Repair & Rehabilitation Project is a $158-million water tunnel repair, cleaning, and rehabilitation project being undertaken by New York City Department of Environmental Protection (DEP). This is an important, high-profile project because the aqueduct is a critical part of New York City’s water supply system. The project, which started in late 2018, involves the rehabilitation of a 74-mile stretch of the aqueduct by cleaning the inside and repairing a number of leaks, replacing numerous valves at chambers connected to the aqueduct, and performing other structural and mechanical upgrades to ensure the proper function of the structure for many years to come...

Beacon Staff Profile: Andrew Lem, Surety Consultant & Project Engineer

Andrew Lem, E.I.T., joined Beacon in 2017 and quickly became a key member of our New York City construction consulting team. A native New Yorker who grew up in Northern Westchester County, Andrew is a graduate of Villanova University, where he earned his Bachelor of Science degree in Civil Engineering. Since joining Beacon, Andrew has been involved in a wide variety of construction consulting assignments, covering all of the following areas. Andrew has also become the "go-to team member" in our New York office for construction loan monitoring and related services. His experience includes...

Construction Project Cash Flow Analysis: Some Key Problems & Solutions

Mike Kinahan is a Project Manager in Beacon's Medford, MA office. We asked Mike to weigh in on some of the ways Construction Project Cash Flow issues can get contractors in trouble and what can be done to head off cash-flow-related problems before they get out of hand.
Question: Mike, how do contractors typically get in trouble when it comes to managing cash flow on construction projects?...

Construction Industry News: Some Developers Forging Ahead With Major Construction Projects

Although the Covid-19 pandemic has severely impacted the U.S. economy (and the construction industry), some forward-looking developers are moving ahead with major multi-year projects. It's comforting to think that things will eventually be back to normal. Looking at some of the following projects reminds us that there is light at the end of the tunnel and things will return to normal in the not-too-distant future...