Developers face significant litigation risks from pre-construction through the end of the statute of limitations period for every new project. Plaintiffs lawyers and their hired experts find ever more creative ways of exploiting recurring mistakes, perceived defects and gaps in documentation in large-scale projects, and after years of expensive litigation throughout the industry, insurance coverage for new projects is often prohibitively expensive or simply impossible to obtain. By providing a rigorous risk management solution commencing at the beginning of the construction process and lasting throughout the applicable statute of limitations period, StructuredRisk™ stops plaintiffs lawyers in their tracks.
By implementing and carrying out the latest in construction risk management techniques, clients of StructuredRisk™ are positioned to better manage their projects and the associated risk. The competitive edge provided by StructuredRisk™ enables a developer to obtain necessary insurance coverage at a reasonable price, identify and resolve construction problems as they arise, thoroughly document all phases of a project, and more efficiently defend and prosecute disputes with homeowners, subcontractors, and suppliers.
An integral part of the program is the StructuredRisk™ proprietary risk management software. This product enables real estate developers to have real-time control of the construction documentation process and cost-effectively manage the risk involved in construction projects. The software reflects industry best practices and allows the user to capture and store vital project data, documents, photos and video in a fully integrated, searchable database. This information is captured from pre-construction through beyond project completion and is held in a secure, stable database environment for easy recall when needed most.