BB&T operates more than 1,500 financial centers in North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, and Washington, D.C.. Based in Winston-Salem, NC with $121 billion in assets and 28,000 employees, the publicly traded company is one of America's largest and fastest growing financial institutions, offering full-service commercial and retail banking services with other offerings.
In 2005, BB&T hired UGL Equis to serve as its Project Manager to oversee the construction of select banks in the state of Georgia. The services included vendor procurement, proposal review and budget management. UGL Equis was also responsible for certifying appropriate insurance compliance. Within this process UGL Equis was responsible for coordinating the delivery and installation of all voice & data systems and FF&E. Construction management was a major component to maximizing the value of the client’s real estate holdings and speed to market was a large component of that.
The bank works on extremely tight scheduling with all branches contracted for construction with delivery (to the end users) within 120 days. Because the portfolio was dispersed among many smaller remote locations, the deployment of Team resources and attention to detail was essential to maximizing efficiencies and meeting narrow deadlines.
UGL Equis analyzed the pool of vendors, made the appropriate recommendations to BB&T regarding the selection of best-in-class construction firms and suppliers, and developed and executed a strategic plan. As a result of our initial success bringing new branches to market in 2006, UGL Equis has been selected as a preferred provider for their national portfolio. UGL Equis was also called upon for additional capital projects beyond our initial scope of work in their existing facilities throughout their portfolio.
Projects currently underway include construction management for 3 new two-story, 13,000+ s.f. financial centers, over 20 new or relocated branches, as well as renovation and re-modelling work for numerous retail sites within their entire footprint.
• Increased speed to market by over 10%
• Produced all projects under predetermined BB&T budgets
• All bank sites were completed and opened on or before BB&T’s schedule
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