By now, you have already heard the Small Business Administration (SBA) just released the new SOP 50 10 5(K), which includes (among other minor revisions) a couple of notable updates to the environmental policy and a clarification on risk management for construction components above $350,000. These changes will go into effect April 1, 2019.
The impact of these changes will be to further tighten environmental risk and liabilities associated with construction defaults. In general, these changes shouldn’t have a drastic effect on prices, and in some cases, can even help save funds during the underwriting process.
To read the full GlobeSt article detailing the latest SOP changes and key due diligence considerations, click here.

June 22, 2026
Partner has named Frederick Ellington, AIA, LEED AP, as Technical Director in its Construction Services division. With 30+ years of experience, he strengthens the firm's construction risk management, due diligence, and project advisory capabilities for commercial real estate clients.

June 04, 2026
When managed well, the Owner's Representative punch list process supports a clean project closeout. Issues are resolved before occupancy, reducing disruptions and protecting long-term asset value. By combining discipline, accountability, and the benefit of fresh eyes, an Owner’s Representative helps ensure the project is delivered as intended and ready for successful operation from day one.

May 20, 2026
Ken Sliter will support Partner’s growth in the Owners’ Representation & Capital Programs practice, leveraging his extensive experience.




