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NorSouth Constructs Makes 2015 Inc. 5000 List of America’s Fastest-Growing Private Companies

Savannah-based contractor ranks No. 2469 on the 34th Annual Inc. 5000 List with three-year revenue growth of 152%

ATLANTA—(September 28, 2015) Inc. magazine has ranked NorSouth Constructs No. 2469 on its 34th Annual Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies. Started in 1982, this prestigious list has become the hallmark of independent, entrepreneurial success, establishing NorSouth Constructs as not only a force in the Southeast, but a national leader within the competitive and ever-changing multi-family, sustainable and conventional construction business landscape. “To achieve steady, increasing growth since 2011 in the multi-family construction sector is not easy, but it is also no accident,” said Director Colin Edelstein. “Unlike most general contractors in the Southeast, NorSouth Constructs has conducted 85% of its business as a third-party builder to surpass the industry standard in quality, execution and in costs. NorSouth is honored to be recognized as a 2015 Inc. 5000 company as a result of this unique business strategy, and we look forward to continued growth with this approach.” The most competitive crop in the list’s history, the 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must be founded and generate revenue by March 31, 2011. Since 2011, NorSouth Constructs has had a 152% increase in revenue and added 18 new positions within the company, placing the contractor in the top 50% percentile of all U.S. private companies mentioned. Complete results of the Inc. 5000, including company profiles and an interactive database sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. About Inc. Media:  Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc., Inc. Media is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 13,000,000 today. For more information, visit www.inc.com. About NorSouth Constructs  NorSouth Constructs is an award-winning construction firm with a reputation for building high-quality mixed-use, seniors and multi-family communities for developers and owners throughout the Southeast. Based in Savannah, Ga., NorSouth Constructs offers unique preconstruction services, based on a transparent “design to cost” process which helps owners and their design teams create high-quality properties built for a defined, predictable cost. The company’s slogan, ‘Your mission. Our vision,’ highlights its commitment to create long-term customer relationships, based on unparalleled service, reliability and transparency. www.nsconstructs.com 

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Add a scheduler to the mix

The cost that’s really a cost savings
 Mike

At NorSouth Constructs, we’ve had ample opportunity to see how other companies do business – and how we can do it better. Most companies task a Project Manager to work in coordination with the Superintendent to set and then drive a project’s schedule. It’s the PM who has ultimate accountability over keeping the project on time and within budget.

 Colin

But there’s an inherent moral hazard in letting the PM set and control the schedule. When they do, they’ve got ample opportunity to obfuscate critical tasks. Not that they would, but they could. And that’s a risk you don’t want. And it’s a risk that we don’t want either, so we snuff it out by engaging a third-party scheduler. The great thing about this consultant is that they hold the PM and superintendent to a reasonable schedule … and who doesn’t like keeping a job on schedule? Anyone? Bueller … Bueller? That’s what I thought. It’s an extra layer, but that layer adds accountability for everyone.

 Mike

And it adds a fresh perspective, too. The third party can look ahead and see how the job will be affected based on the current state of the project. They’re on site every other week, so they’re current and make sure everyone else is as well. Let’s say your framer is delayed. The scheduler – seeing the bigger project picture – knows the drywall is coming up next week after framing is completed. It’s the scheduler’s role to assess the impact and prompt the framer to get more staff on the job so the framers finish the framing faster. Say that five times fast.

 Colin

So, yep, the scheduler is a cost, but in the end it saves costs – for us and our customers. I don’t know another company that works with a third-party scheduler, but we’ve been doing it for years. How’d we start it?

 Mike

Other than it’s the best way to do business (and that’s our main driver at NSC), I can only speculate. “You must be finished by X date” is a requisite in our industry. The consequences for NOT finishing by X date are catastrophic … to everyone involved. A scheduler keeps us on target. Having a scheduler in the mix is one way we keep things moving and take the guesswork out of answering the owner’s question, “How’s the job going?” We answer that question by delivering a nice report that tells and shows owners and subs how the project is going. It’s an honest, practical look at what’s happening and what’s coming up.

Want to learn more? Get in touch with Mike and Colin by leaving your comments below. Thanks for following along as they take on industry issues together!

NorSouth Constructs Named One of the Countries Largest General Contractors

Savannah-based contractor makes No. 20 spot on National Multifamily Housing Council 2015 List of Nation’s Top 25 Largest General Contractors ATLANTA—(April 22, 2015) This month, NorSouth Constructs earned national recognition by making the National Multifamily Housing Council’s 2015 NMHC 50 list, the annual ranking of the nation’s largest apartment owners, managers, contractors and developers. With 1,025 apartment units started for third parties in 2014, NorSouth Constructs was named one of largest general contractors in the country, earning the company the Top 20 spot. NorSouth Constructs builds a diverse portfolio of multifamily communities, ranging from senior living apartments and affordable, high-quality homes for low-income families to sustainable and conventional building projects. NorSouth’s projects expand in areas outside of Georgia, including Tennessee, North Carolina, Virginia, Florida and Texas. Screen Shot 2015-04-10 at 4.40.28 PM“By shifting NorSouth Constructs from the historic developer-builder model to conducting 85% of business as a third-party builder, we have experienced tremendous, but methodical and intentional, growth.” said Director Colin Edelstein. “It is an honor to be named the nation’s 20th Largest General Contractor, as this ranking validates NorSouth’s unique business strategy and our ability to break the boundaries of what today’s general contractor consists of.” The listing comes on the heels of a new study from the NMHC and National Apartment Association (NAA), which revealed the industry’s tremendous economic impact. Apartments and their residents contribute $1.3 trillion annually to the economy and support 12.3 million jobs nationwide. NMHC partners with Kingsley Associates, a leading real estate research and consulting firm, for the NMHC 50’s research and analysis. Full rankings and detailed analyses are available online at www.nmhc.org/NMHC50. About the National Multifamily Housing Council  Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. We bring together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for today’s 37 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail the Council at info@nmhc.org, or visit NMHC’s web site at www.nmhc.org. About NorSouth Constructs  NorSouth Constructs is an award-winning construction firm with a reputation for building high-quality mixed-use, seniors and multi-family communities for developers and owners throughout the Southeast. Based in Savannah, Ga., NorSouth Constructs offers unique preconstruction services, based on a transparent “design to cost” process which helps owners and their design teams create high-quality properties built for a defined, predictable cost. The company’s slogan, ‘Your mission. Our vision,’ highlights its commitment to create long-term customer relationships, based on unparalleled service, reliability and transparency. www.nsconstructs.com

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NorSouth Constructs Awarded 2014 EarthCraft Award

Leading Southeast contractor recognized for sustainable partnership in the multi-phase redevelopment of Decatur Housing Authority’s Allen Wilson Community ATLANTA—(November 19, 2014) Southeast green building certification program EarthCraft announced its 2014 award winners in a ceremony hosted by Southface Energy Institute and the Greater Atlanta Home Builders Association on October 29th in Atlanta, Ga. In addition to celebrating EarthCraft’s 15-year-strong commitment of advancing sustainable and high-quality building projects and homes in the Southeast, more than 100 green building professionals were acknowledged at the event for the most innovative green projects of the year. Of the six categories of winners recognized, Decatur Housing Authority and partners NorSouth Constructs and Catamount Constructors, Inc. were awarded the 2014 EarthCraft Communities Project of the Year for the redevelopment of the Allen Wilson Terrace Public Housing Community in Decatur, Ga. “NorSouth is pleased to champion sustainable building practices throughout the Decatur, Ga. community, a city rich in history and thriving with many schools, businesses and health facilities,” said NorSouth Constructs Director Colin Edelstein. NorSouth served as the general contractor for two of three phases of the project. The new and improved Allen Wilson community was designed with groundbreaking, environmental features including Huber Zip weather-resistant wall barriers, low-flow plumbing fixtures and electricity-conserving geo-thermal heat pump systems to heat and cool common areas, as well as low-VOC paints, carpets and formaldehyde-free kitchen and bath cabinetry. The three-phase development broke ground in 2011 and was completed in January 2014. The Oliver House, an affordable senior apartment built during Phase II of the multi-phase redevelopment was named the 2012 EarthCraft Multifamily Project of the Year, through which NorSouth and the DHA were also recognized for their leadership and excellence in green building design and construction. “NorSouth places an emphasis on creating long-lasting and mutually beneficial relationships that will improve the quality of living in the Southeast and the multi-family industry as a whole,” Edelstein added. “I would like to thank the DHA for allowing NorSouth the opportunity to provide affordable and high-quality sustainable homes for the senior and low-income families of Decatur.” About the Decatur Housing Authority The Decatur Housing Authority has served the needs of the residents of the City of Decatur since its creation in 1938. In addition to its role in developing, owning and managing public housing, DHA has been involved in developing a number of non-subsidized for-sale single family, condominium and townhouse properties in Decatur. Portions of each of these developments were available as Workforce and Lifecycle Housing that provide affordable homeownership for working households. Throughout its 70-year history, DHA has made a significant impact on the economic growth and well-being of this small city. Just 4.18 square miles in size, Decatur, Georgia is today a thriving small city, thanks in part to the work of the Authority. www.decaturhousing.org About NorSouth Constructs NorSouth Constructs is an award-winning construction firm with a reputation for building high-quality mixed-use, seniors and multi-family communities for developers and owners throughout the Southeast. Based in Savannah, Ga., NorSouth Constructs offers unique preconstruction services, based on a transparent “design to cost” process which helps owners and their design teams create high-quality properties built for a defined, predictable cost. The company’s slogan, ‘Your mission. Our vision,’ highlights its commitment to create long-term customer relationships, based on unparalleled service, reliability and transparency. www.nsconstructs.com

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 Mike

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 Mike

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 Colin

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 Mike

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 Colin

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 Mike

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 Colin

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