Protect your company from a variety of project challenges through detail & careful planning
By Raymond F.H. Bustamante | December 12, 2019
quickly becoming the mainstay project delivery method for the United States
commercial construction industry.
According to the Design-Build Institute of America (DBIA), nearly half of America’s construction dollars will be spent on design-build projects by 2021. As described by the Construction Industry Institute, this is because design-build projects are delivered faster and at lower cost than either design-bid-build or construction management at-risk projects.
Morristown, N.J. (December 4, 2019) – Berkley Construction Professional a division of Berkley Alliance Managers, a Berkley Company, has extended its dedication to the construction professional and pollution liability marketplace with the promotions of Raymond F.H. Bustamante to managing director and Edward L. Sheiffele, Jr. to executive vice president.
Roswell, Ga. (November 11, 2019) – Berkley
Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, introduces Faulty Workmanship Liability coverage that fits together with the ISO Commercial General Liability (CGL) policy with respect to property damage arising from faulty workmanship and addresses elements of property damage that are expressly excluded from the ISO CGL policy. Coverage is triggered by a third-party faulty workmanship claim against the policyholder; however, the claim does not have to allege negligence.
Roswell, Ga. (November 5, 2019) – Ed Sheiffele, senior vice president at Berkley Construction Professional a division of Berkley Alliance Managers, a Berkley Company, will participate in a panel discussion detailing Real Estate Development Errors, Omissions Risks and Insurance at the IRMI Construction Risk Conference to be held November 10 -13, at the Washington State Convention Center in Seattle, Washington.
Design-build has become a widely-used construction project-delivery method due to the ability to complete projects quickly and efficiently while also reducing costs. However, along with these advantages are the increased risks that can confront both contractors and design professionals throughout project lifecycles.
By Raymond F.H. Bustamante | Thursday, August 1, 2019
Too many firms grow for the sake of growth, only to suffer when the end product does not meet the client’s expectations. Managing growth with a balanced view of a firm’s own talent and core service structure helps a best-in-class contractor avoid professional liability claims. Historically, firms that do not focus on talent acquisition and management do not fare well through market cycles.
Obtaining competitive terms in a complex marketplace
By Raymond F.H. Bustamante
The Construction Specifier June 2019
Driven by a strong economy, the easing of lending standards, and a healthy commercial real estate marketplace, construction starts are expected to total about $800 billion in the United States, according to the Dodge Data & Analytics’ 2019 Construction Outlook.’ Although this fails to capture the double-digit growth of recent years, the report confirms the likely match of funds spent on commercial construction last year.
In today’s commercial construction environment, risk and reward are deeply interconnected. This is especially true in increasingly popular design-build scenarios, which virtually eliminate the steadfast boundary of responsibilities that traditionally existed between contractors, architects and other building professionals.