Call Us: (800) 419-4923
 Call Us: +44 (0)20 3865 7701
 Call Us: (787) 822-8377
 Call Us: (437) 855-4925
 Call Us: (800) 419-4923
 Call Us: +44 (0)20 3865 7701
 Call Us: (787) 822-8377
 Call Us: (437) 855-4925
Partner Engineering and Science, Inc.
Partner Engineering and Science, Inc.
You are here: Home » Resources » Articles » A Recipe for Construction Project Failure

September 6, 2012

A Recipe for Construction Project Failure

By Partner ESI

WHAT DOES $3.4 MILLION IN LIENS FILED AGAINST A ONCE SUCCESSFUL CONSTRUCTION COMPANY…

…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.

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Partner Engineering & Science, Inc. is a full-service engineering, environmental, and energy consulting and design firm with over 1,000 professionals with experts based in locations throughout in the United States, Canada, Caribbean & Latin America (CALA), and Europe. As industry leaders in due diligence assessments, they bring over 100 years of collective experience to complex engineering challenges and risk management in commercial real estate and development. Founded on technical excellence and client service, Partner's team includes licensed Professional Engineers, Environmental Professionals, Geologists, Architects, LEED Accredited Professionals, and other credentialed specialists who provide comprehensive solutions across the real estate lifecycle. Their deep expertise spans environmental site assessments, property condition assessments, seismic risk analysis, construction risk management, industrial hygiene, energy efficiency consulting, regulatory compliance, and more.

Other Resources You Might Like


Let us be your Partner

Learn how we can support your next project or share insights via our newsletter.
Terms and Conditions  |  Privacy Policy   |  Website Terms of Use  |  © 2025 Partner ESI. All rights reserved.
crossmenuarrow-up linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram