Despite advances in safety technology and practice, construction remains one of the most dangerous industries in the United States. Every job site contains hundreds of potential hazards, in a landscape that changes on a daily basis. Annually, almost a thousand people die due to construction accidents, representing 20.7% of total private industry fatalities. Tens of…
2018 was a year of enormous growth for us at GLE. We added 19 new team members and added 332 new clients in addition to our existing client base. At the same time, we continued our commitment to provide you with timely, useful information and news on topics that are important to you through our…
In commercial construction lending, the plan and cost review (PCR) is a standard part of the underwriting process. So standard, that most lenders don’t think much about who provides the PCR or what’s in it, so long as it gets done. That’s a mistake. A thorough, accurate, and expert PCR can prevent costly mistakes, while…
We don’t have to tell you that construction lending is high risk and that the more complex the project, the more risks there are. As part of construction lending due diligence, most institutions require a Plan and Cost Review (PCR). What many lenders don’t know, however, is that not every PCR provider has the expertise…
