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You are here: Home » Resources » Articles » As Construction Returns in Earnest, Construction Risk Management is Critical

April 17, 2012

As Construction Returns in Earnest, Construction Risk Management is Critical

By Partner ESI

With Construction Picking Up More Rapidly in Recent Months…

…an understanding of Construction Risk Management tools is critical. Construction has started picking up more rapidly in recent months. According to Forbes, construction starts in January were up 10% nationally from January 2011, and some major metros in particular like NYC, Dallas, Houston, and Phoenix are seeing an uptick in new construction.

In the past, construction lenders have looked to independent, third-party consultants to help manage construction lending risk. Having gone through the recession and construction halt, many lenders are understaffed and the need to rely on 3rd-party firms may be greater than ever. With industry-specialized expertise most lenders don’t have, 3rd-party consulting firms have become a crucial asset to any commercial lender. Construction Risk Management is no exception.

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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