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You are here: Home » Resources » Articles » Know Your Construction Risk

October 26, 2012

Know Your Construction Risk

By Joseph Bonin

MANAGING CONSTRUCTION RISK CAN SAVE COMMERCIAL REAL ESTATE DEVELOPERS PLENTY OF HEADACHES IN THE LONG RUN.

Construction Risk Management (CRM) is a proactive approach to monitoring construction projects. A bond is a reactive instrument that cannot be called into play unless, and until, a default occurs, which is the absolute last place anyone (lender, borrower, contractor, or subcontractor) wants to be.

Continue reading the GlobeSt blog here.

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