Beacon Consulting Group recently started work on a major surety consulting / construction consulting assignment at Rutgers University, related to the completion of the Chemistry & Chemical Biology (CCB) Building Project on the university's Busch Campus (Piscataway, NJ).
Interaudi Bank, a private bank based in New York City and Miami, Fl, recently selected Beacon Consulting Group to provide construction loan monitoring services for a $53-million residential / commercial high-rise construction project underway in Manhattan. John Yeung, a Senior Consultant at Beacon, has already provided document and cost review (DCR) services to Interaudi for this project (and others). Beacon’s DCR consulting and loan monitoring services help banks mitigate financial risk by providing an independent analysis of planned construction projects, followed by ongoing monitoring of projects during construction.
Recent analyses by the New York Building Congress (NYBC) indicate record growth in New York City construction. For example, overall NYC construction spending is projected to break the $40 billion mark for the first time in history in 2016. Below are some highlights from NYCBC's reports, as well as major infrastructure and housing projects planned for New York City. The photo below shows an artist's rendering of a $4-Billion airport terminal reconstruction project planned for LaGuardia Airport which is scheduled to start in 2016.
Congratulations to Jim McInerney, Surety Consultant & Construction Project Manager at Beacon Consulting Group. Jim can now add the designation “LEED AP” to his growing list of professional credentials. Jim recently passed the LEED AP (Building Design & Construction) and LEED Green exams. The LEED AP designation indicates Jim’s advanced depth of knowledge in green building 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.
Dan Newcombe is a seasoned construction professional with more than 30 years of experience on domestic and international projects including commercial, institutional, educational, financial, and residential construction assignments.
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.
The Irish Echo's 2015 Small Business Awards honor entrepreneurs and business leaders who form the backbone of the American economy. Every year, the newspaper recognizes companies or individuals who have displayed entrepreneurial excellence and traditional Irish-American determination to make their businesses succeed. The award recognizes start-ups, as well as fast-growing companies driving the economy forward. The honorees all have in common a belief that “the customer comes first,” as well as pride in their Irish heritage. The award ceremony was held in New York City in May. Dennis O'Neill was recognized, along with a number of other honorees.
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.