Pre-Construction Analysis & Construction MonitoringPre-Construction AnalysisEvaluate the construction documentation for comprehensiveness and suitability with the planned improvements. Analyze the budget for feasibility of completing the work for the proposed cost and on the forecast timetable. This analysis can be prepared prior to loan closing/advances.Document ReviewReview Design Drawings, Specifications, Building Agreements, Soil Investigation Reports, Environmental Assessment Reports, Utility Availability Letters, and Consistency with Lender’s Commitment Letter as well as adherence to Project Specifications, Budget, and Project Schedule.Budget Review & Analysis Construction Budget, Schedule of Values, Construction Schedule analyzed for accuracy and compliance.Construction Inspections/Monitoring Monitor the quality, compliance, cost and rate of completion of the project as it is constructed. Report on the construction status and review loan draw requests. This includes: Periodic on-site visits to observe the status of the project.
- Review of pay requests, lien waivers and retainage amounts.
- Assessment of percentage of completion.
- Calculation of sufficiency of remaining budget.
- Assessment of accuracy of percentage completed in draw schedule.
Troubled Loan Assistance/Cost-to-Complete Analysis/Peer Review
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