Fulcrum recently attended the 2018 EB-5 and Global Investment Convention in Las Vegas, Nevada, an annual event that brings together the various parties involved in the development process (including investors and developers) as well as the lawyers, immigration experts, economists, and due diligence consultants that support the EB-5 program.
As an EB-5 Verified Consultant, Fulcrum Director Darren Seary, FRICS participated in a workshop panel to relay the importance of including quality third party risk assessment and risk management in the due diligence process for construction projects, as well as ongoing monitoring of the project once underway.
The Fulcrum team, which also included Business Development & Marketing Manager Raymond Harrower, CPC and Senior Project Manager Andrew Lyons, AC met with various Regional Centers, investors, and developers at the event, with many stopping by our table in the exhibit hall to further discuss our services and learn about our vast experience with EB-5 projects throughout the United States since 2011. Fulcrum has been trusted by our clients on projects with EB-5 funds ranging from $10MM to $250MM. Fulcrum relayed the importance of our various services throughout the project life-cycle to better help understand, assess, and mitigate, reduce, or monitor the various construction risks.
The importance of our in-depth Plan and Cost Review and Due Diligence Support/Entitlement Review services was discussed for a projects’ initial start-up, as was our ongoing Construction Observation Services, including progress reporting and construction draw review and/or preparation (depending on client), once a project is underway. Timely identification, assessment, and mitigation/monitoring of risks can be the key to a successful project. Issues arise, it’s the nature of the business; therefore, having an experienced EB-5 Construction Risk Management consultant like Fulcrum to assist in proactively recognizing issues and devising methods to mitigate, reduce, or monitor these issues is critical to the many entities involved in a project.