PANGEA3 LLC

With the credit market still tough as building nails, it’s more important than ever that construction companies know the deal they’re putting together is a good one.

In a recent article in Building magazine, Pangea3 Co-CEO David Perla convincingly explains the important place legal process outsourcing (LPO) providers should have in construction’s wakening mergers and acquisition activities.

By nature, large scale construction firms have a vast number of contracts. Bad contracts can fly under the traditional due diligence radar, and a host of rotten apples can eventually spoil the stability of the acquiring company. Perla points out that while it would be absurdly expensive and tedious for a traditional law firm to go through each contract during due diligence, lawyers from an LPO provider are well equipped for the job and can do it at a fraction of the price.

“Deep dive” due diligence may not be the first topic a board of directors thinks about, but in this market boards are bound to recognize its necessity.

To read the full article, see the July Issue of Building Magazine.