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About this project

Stalled rental development

Issue

A rental development in Alberta became stalled and distressed during construction.

The court-appointed receiver and manager needed a detailed review of the project status as well as recommendations for construction mobilization and completion.

Solution

We commenced the review with a site visit and issued a report detailing areas of risk and recommendations on a go-forward plan.

Our cost consulting team provided estimates for the cost-to-complete as well as tender review and negotiation until construction mobilization. We were also appointed to manage and monitor the project through completion.

Location

Alberta

Sector

Residential

Stakeholders

Court-appointed receiver & manager

Services

Cost-to-complete estimate, tender review and negotiation, project management, project & loan monitoring

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