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DK
Dana Koval
Meridian Construction

Firm Brief

Mon 2026-06-01 · 06:00
22Active
3At risk
5Watch
85In memory
Daily Brief

The week turns on one estimate, not one project: the same fit-out scope gap now repeats across 7 jobs, Riverside, Westpark, Irongate, Sherwood and moreCRX 178. Worth a standard-scope revision before the next bid. Apex Mechanical is the other thread, late on 4 of 6 closeouts firm-wide6 proj, past a quiet watch.

Executive Review →

What needs you

Vec’s call across the portfolio · 3 of 9 patterns →
Estimating
Fit-out scope runs 8% light across 7 jobs.
Ceiling and millwork allowances under budget on Riverside, Westpark, Irongate, Sherwood and 3 moreCRX 178CRX 092. The estimate repeats, the projects do not.
firm actionRevise standard scope
Counterparty
Apex Mechanical late on 4 of 6 closeouts.
Reliability below firm norm across the portfolio6 proj. On the approved list since 2021, now under review.
watchCounterparty review
Consultant
Verant Eng. RFI turnaround up 40% across 3 jobs.
Average response now 11 days versus a 6-day firm normRFI 138. Slowing three active schedules.
watchFlag for review

Portfolio

22 active · 8 need attention · all projects →
Riverside Tower
Fit-out 62% +7.9% est
Westpark Civic
Fit-out 48% +8.3% est
Lakeshore Depot
Closeout 91% closeout late
+19 on plan
All within estimate · no flags

Counterparties

Counterparties →
Apex Mechanicalsub · 6 projdeclining
Verant Engineeringconsultant · 3 projslipping
Cascade Supplyvendor · 9 projreliable

Active patterns

9 active · Patterns →
Fit-out scope gap7 projactive
Apex closeout reliability5 projactive
Closeout-pricing fix · Eastgate4 projshareable

What changed

3 · since Fri
06:00Riverside CO 14Executed at +$84K. Running CO 4.4% of contract.
FriApex Mechanical4th of 6 late closeout, crossed firm-norm threshold.
FriInsurance v3Standard updated, live on all 22 projects.