Houlihan Lokey Plans Relocation

Client
  • Houlihan Lokey
Space
  • 57,388 sq. ft.
Industry
  • Financial Services
Locations
  • Chicago
Services Provided
  • Project Management
Cresa Team
  • Eric Nolin

Client Objectives

  • Cresa Project Management was hired for the Houlihan Lokey Project to replace their existing project management firm.
  • Houlihan Lokey was concerned that the project schedule was slipping, the final design was not approved, and the presented costs were significantly over budget.

Results

  • Cresa re-aligned the design process and reformatted the architect’s design presentations to provide two strong design options for HL.
  • Cresa PM worked with the selected contractor to provide the best construction pricing and re-organized the furniture purchase process to provide the most competitive furniture pricing, resulting in a budget decrease of over $3.4 Million dollars.
  • This allowed us to start the construction process on schedule and complete their relocation in accordance with their required occupancy date.
  • $1.2 Million dollars of savings for a total savings from their initial budget of over $4.6 Million dollars.

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