Construction Loan Monitoring Discover how our expert Construction Loan Monitoring services provide invaluable oversight and risk management throughout your construction projects, ensuring transparency and success at every phase.
We facilitate risk management with an emphasis on communication, teamwork, and utilization of expertise throughout the underwriting and construction process. Focusing on project time, quality, and cost, we contribute to successful project outcomes.
Our services consist of a Document and Cost Review and Construction Loan Monitoring. Consultants will work closely with project teams throughout the construction process to gather documentation and minimize risk.
The Document and Cost Review consists of in-depth analysis of project documentation inclusive of design and construction contracts, project team qualifications, drawings, specifications, surveys, budgets, schedules, governing authority approvals, and specialty engineer reports. With the help of our large database, we can complete accurate comparisons regarding project cost, time, and project team experience based on geographic region and specific project type.
Construction Loan Monitoring is also critical to the success of a project. Site inspections are completed monthly with the project team to document work completed on-site, discuss staffing and scheduling issues, target budget issues, potential change orders, review current applications for payment, review monthly project logs, and testing lab reports. Following site inspections, we provide monthly reports documenting the site visit and providing an in-depth review of monthly documentation. Payment application packages are reviewed for percentage completion, percentage billed, amounts requested, amounts recommended for funding, change orders, adequacy of remaining funds, and backup documentation. We also will work with the project team to resolve identified issues prior to the issuance of our report.
Construction Loan Monitoring is paramount in ensuring the successful outcome of a project. Site inspections are completed monthly with the project team to document work completed to date, discuss potential staffing and scheduling issues, potential budget issues, potential change orders, review current payment applications, review monthly project logs, and testing lab reports. Following site inspections, we provide monthly reports documenting the site visit and providing an in-depth review of monthly documentation. Payment application packages are reviewed for percentage completion, percentage billed, amounts requested, amounts recommended for funding, change orders, adequacy of remaining funds, and backup documentation. We also will work closely with the project team to resolve identified issues prior to the issuance of our report.
The Document and Cost Review consists of an in-depth analysis of project documentation inclusive of design and construction contracts, project team qualifications, drawings, specifications, surveys, budgets, schedules, governing authority approvals, and specialty engineer reports. With our 50 + years of construction experience, in-house experts, and proprietary database, we can complete accurate comparisons regarding project cost, time, and project team experience based on geographic region and specific project type.