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…have in common with Construction Risk Management? It was reported by The Florida Times-Union that a once successful and prominent construction firm in business for 78 years, had 20 liens in excess of $3.4 million filed against them in a period of three months. It was noted in the article that a key factor in these filings was that the firm had five major projects nearing completion at nearly the same time. Additionally, the firm was quoted as saying that disputes over payment and several cost overruns had aided in the default of payment to its subcontractors. This combined caused the firm to fail on its obligations and eventually dissolve. The financial shortcomings of the construction firm meant that a bond insurance company had to be called in to help complete the projects. Unfortunately, stories of this nature happen all too often.
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July 07, 2025
The Spanish government has approved a new set of mandatory fire safety regulations specifically for industrial properties, through Royal Decree 164/2025. This law introduces sweeping changes to how fire prevention systems must be designed, installed, maintained, and audited.
July 03, 2025
In this latest GlobeSt article, Erika Haberlen discusses how tech-enabled solutions can transform your due diligence process and empower your team with data that drives long-term value.
July 02, 2025
More Than Just a Box on the Due Diligence Checklist, Zoning Reports Can Help Protect Collateral Value. By Wes Skinner, CHMM, Principal and National Client Manager, published on June 25, […]
