T.B. Penick & Sons Launches Convergent, Inc., A New Design/Build Company

SAN DIEGO--(BUSINESS WIRE)--Today T.B. Penick & Sons, one of the most trusted general contractors in Southern California since 1905, announced the formation of a new affiliate design/build construction company: Convergent, Inc. Convergent specializes in turnkey services for structural design, engineering and construction of concrete structural frames including subterranean garages, concrete podiums and superstructures for low to high-rise buildings.

“By controlling the structural engineering design and optimizing the cost and schedule of the concrete structure, Convergent can meet or beat the projected timeline, complete the project on budget and enable our clients to start generating revenue earlier”

Convergent allows clients to significantly increase construction speed and efficiency while saving up to 16 percent in costs. Convergent also guarantees the bid price on any project, eliminating typical hidden costs and overages.

Convergent’s design-build model offers significant advantages over a traditional design-bid-build model in which a building owner hires an architect and then, after a series of bids, selects a separate general contractor to oversee construction. Multiple players work together, not always with the same vision. This model can lead to inefficiencies and oversights as well as extra time to review contract bids and can cause change orders. Convergent, on the other hand, allows for a single point of contact, minimizing risk, eliminating time-consuming change orders, increasing efficiency, reducing cost and speeding time to completion.

“Having one point of contact for all aspects of design, engineering and construction can greatly reduce the potential challenges of construction while saving hundreds of thousands, even millions of dollars,” said Tim Penick, President and CEO of Convergent. “By controlling the structural engineering design and optimizing the cost and schedule of the concrete structure, Convergent can meet or beat the projected timeline, complete the project on budget and enable our clients to start generating revenue earlier,” adds Penick.

Examples of companies working with Convergent:

• During construction of a new resort condominium complex, the Promenada at Rainbow in Las Vegas, Convergent’s engineers used their extensive experience in post-tension podium garage design and local market knowledge to save the owner $3.0 million on the subterranean parking structure.

• Under the direction of T.B. Penick, Convergent was selected to design-build a CIP (capital improvement program) garage for CityLink Investment Corp./ Morena Vista LLC in San Diego. Convergent delivered the quote on a $2.6 million job in a short three weeks. After the client approved the budget, Convergent optimized every phase of the project and finished a month earlier than the four and one-half-month projection.

Convergent has also expanded its offering to include mid-rise, high-rise and type-1 building projects as well.

About Convergent

Convergent, licensed in both CA and NV, is a design-build/design-assist company that offers a single point of contact and expertise for concrete project structural design, engineering and construction. Convergent’s design-build approach allows clients to drastically reduce costs while improving efficiency and speed to completion. Convergent is an affiliate of T.B. Penick & Sons, the largest and most experienced concrete subcontractor in San Diego. For more information, visit www.convergentdesignbuild.com.