Authored by Attorney George M. Nicholos, firstname.lastname@example.org; 757-446-8604
Co-Authored by Attorney Geoffrey G. Hemphill, email@example.com; 757-446-8528
Changing demands in the construction industry requiring faster project completion cycles, increased demands for the use of BIM (Building Information Modeling), and an increased reliance on design/build project formats, have caused construction and design firms to contemplate merger. Such mergers, allow firms to integrate their services and capitalize their cooperative efforts to increase their competitive edge by providing owners a single entity for both services.
While builders and designers have common end goals on projects, they typically arrive at those goals from diametrically opposed perspectives and responsibilities. That opposition has implications for a successful merger of responsibilities and traditions. Some examples include:
While mergers can yield positive industry benefits, the successful outcome of a merger depends upon careful consideration of these and other factors. Merger requires careful planning, and preparation. For more information, please contact the authors, or any other member of the Vandeventer Black Construction and Business Law Teams.
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