Pre-Construction Project Review
- Plans and specifications review.
- Evaluate contractor's qualifications.
- Cost evaluation of the borrower's project budget.
- Evaluate project schedule.
- Critque proposed contracts.
- Review loan documents.
On-Site Project Review
- Review progress of construction, observe work in place and properly stored materials.
- Advise on program deviations, defects or deficiencies observed in the work.
- Assess the percentage of completion for each construction activity.
Disbursement Review
- Review payment applications for accuracy of work completed and entitlement for payments.
- Review budget to assess adequacy of funds available to complete the project.
- Prepare a monthly status report with photographic documentation in accordance with lender requirements.
- Track and log all lien waivers.
- Review change orders for validity of cost, time and project impacts.
- Review of final project closeout procedures and documentation.
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