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Challanged Property Services

Distressed assets are essentially partially completed Commercial and Residential properties including “Ghost” estates or Properties that have been taken over by financial institutions due to insolvency events.

At BCM Group have a detailed knowledge of the Distressed Asset market in Ireland and we offer Cost effective Financial based engineering solutions to all technical engineering or other problems encountered by financial institutions, receivers and other clients while dealing with these properties.

We can offer the following services in this area.

◦Offer Guidance on the appropriate course of action to be taken in order to make a return from distressed properties including a detailed and forensic review and analysis of distressed properties.

◦Initial Feasibility, Dilapidation & Condition Surveys and Reports.

◦Procure and manage relevant specialist surveys including asbestos surveys, site investigation works, contaminated land, and other environmental surveys.

◦Carry out site safety risk assessments of distressed properties and sites and the preparation of site safety reports.

◦Due diligence services on all building related concerns and construction contracts.

◦Report on potential uses of properties including liaison with all relevant Authorities.

◦Advice on the type and nature of refurbishment and remediation works including the protection of partially constructed properties and sites.

◦Preparation of “Order of Cost” or detailed Budget Cost estimates for construction works relating to distressed properties.

◦Planning Services including preparation of planning applications and re-zoning submissions.

◦Liaison with “Performance Bond” Companies or their Loss Adjusters.

◦Procurement and Project management of construction works contracts to complete partially completed properties and developments.

◦Advise on all relevant matters associated with Conditions of Construction Contracts including Dispute resolution (Conciliation)

◦Acting as Employers Representative/ Bank Project Manager/ Monitor in circumstances where existing design teams are in place.

◦Provide effective technical design solutions across all engineering disciplines.

◦Provision of relevant Conveyancing documentation to clients legal teams.

◦Preparation of “Take in charge” documentation including As-constructed records.

◦Act as Project Supervisor Design Process (PSDP) role as required under Health & Safety legislation.

BCM Group
52 O Connell Street, Limerick, Limerick, Ireland
   E-mail: paul@bcmgroup.ie
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