As a result of the current economic environment there is a requirement on behalf of all stakeholders to deal comprehensively with the issue of incomplete developments.
This can be a complex process involving multiple parties and management across a broad spectrum of disciplines and strong negotiating skills.
In addition to health & safety issues to be addressed there can be significant capital tied up in bonds, both insurance and cash, with local authorities. In recent times these bonds are being called in to complete works and significant money can be lost if this process is mismanaged.
McCarthy & Associates have significant experience in devising and implementing effective site resolution strategies. We have good working relationships with many local authorities and understand their requirements. In the past 12 months have successfully managed the release of over €200,000 in bonds on behalf of clients.