COVID 19 Banner4

 

Construction is a risky business, even when the global economy is strong and the project is on time and on budget. At any given time during a project, unforeseen factors (fires, floods, pandemics, earthquakes, hurricanes, force majeure events) can turn a successful project into a troubled one. For over 20 years, Delta has worked with owners, investors, developers, financial institutions, contractors, subcontractors and their law firms to determine how to turn a project around and prove or mitigate impacts.

Delta’s professionals provide risk management strategies and project advisory services.  Typically, troubled projects require extensive coordination with attorneys, architects, developers, builders, lenders, brokers, and property managers. Delta can efficiently and effectively oversee the coordination and communication necessary to complete the project.

However, it is known that all projects are susceptible to problems and can face restructuring or default. Delta’s support can be invaluable when the only options are complex workout, litigation or bankruptcy. Having seen numerous project failures through our litigation support practice, Delta brings a unique understanding of the nuances of troubled project financing and legal inquiries.

Services

INVESTIGATIONS

Project Documentation

Project Audits

Project Status Assessment: Schedule, Costs, Quality

Contract Reviews

Cost to Complete Estimate

Completion Strategy

Change Order Evaluation

Delay Assessment

Forensic Accounting

Exposure Analysis

Contractor/Developer Management Skills Assessment

Feasibility Study Update

Lien and Bonding Advice


TAKEOVER & COMPLETION

Risk Allocation Strategy

Competitive Bid Re-let

Fund Control & Trust Account Management

Preserving Critical Sub-contracts

Latent/Patent Defect Correction

Value Engineering


WORKOUT

Bankruptcy/Loan Restructuring

Leasing and Management Administration

Fraud Investigations

Fiscal Impact/Economic Impact Analysis

Develop Technical Proof of Cost: Management, Engineering & Accounting Perspective