Case Studies
J.S. Held Acquires Technorm, Québec’s Leading Forensic, Building Safety & Compliance Experts
Read MoreA general contractor had completed the concrete podium and shear walls of a five-story mixed-use/apartment building. They were about halfway complete with wood stud framing of the interior and exterior walls of the first residential floor when a storm came through with 60 mph winds. The storm collapsed a large portion of interior framing, racked another interior framing still standing, and blew some of the exterior framing entirely off the building.
J.S. Held provided construction insurance claims services and forensic accounting consulting services. Although the hard cost portion of the claim was less than $70K, the claimed loss of rents, general conditions, and other soft costs due to delay was over $650K. The insured claimed over two months of delay. Through our detailed site inspection documentation, request for information (RFI) process, and regular meetings with the insured, we verified a concurrent project delay that exceeded the repair period. We determined no loss-related delay, so the delay-related costs claimed were not recommended. The claim was closed at the recommended hard cost amount only.
Diane Zimmer, LEED AP, EIT
Assistant Managing Director
Builder's Risk Practice
+1 773 249 9174
[email protected]
> Construction Insurance Claims Services
We have a dedicated team of experts that have consulted on and testified in complex matters involving buildings and infrastructure that have been damaged during the course of construction. Our team of global experts calls upon decades of technical field experience working for many of the largest commercial contractors in the world. We have specialized expertise in delay analysis, schedule review, construction contract interpretation, repair cost review, and estimating.
> Delay in Start-Up (DSU) & Soft Costs
We combine financial expertise with technical prowess to help clients determine Loss of Gross Earnings, Loss of Rental Income, and Soft Costs included in Delay-in-Startup (DSU) policies or Delay-in-Opening coverage provisions. Our forensic accountants leverage the technical expertise of our Building Consultants, Construction Advisory Practice, Surety Practice, and Builder’s Risk (CAR/EAR) Practice to track the incurred hard costs associated with the project during the period of restoration, quantify the cost of repair, identify and calculate Soft Costs, and determine any business interruption losses.