Construction Loan Monitoring

A third-party review of construction documents and construction progress monitoring

B+A Architecture is deeply committed to the significant influence architecture has on culture, sustainability, innovation, and the built environment, aiming to create better lives worldwide. B+A can provide substantial positive impacts on developments without being the designated design team for your project. Our specialized service programs help in protecting lender and owners risks and safeguarding their investments.

Construction Loan Monitoring

CONSTRUCTION LOAN MONITORING

We review the construction process from start to finish, providing our clients with an accurate picture of progress. We assist lenders in keeping projects on track from loan underwriting through closeout, ensuring successful outcomes and exceptional value for the investment of all stakeholders with high-quality project outcomes.

Construction Loan Monitoring Services

    • Evaluate project proformas for financial feasibility.

    • Examine construction documents to identify inaccuracies and cost-saving opportunities early, thereby conserving time and resources.

    • Assess project schedules to identify long-lead items and Owner provided items.

    • Review and aid in the management of contracts, insurance, and bonding.

    • Submit a project risk report before construction begins.

    • Review Pay Applications and conduct site construction evaluations, ensuring accuracy and aligning work completion with project budgets.

    • Review lien waivers for compliance with contract documents.

    • Provide comprehensive project reporting via drone footage and site photos with detailed observations and recommendations for accurate loan distributions.

    • Review Change Orders, Proposal Requests, and Supplemental Instructions modifying schedules and budgets, if necessary, to ensure accuracy.

    • Verify on-site construction for contract compliance and quality standards.

    • Inspect site organization and cleanliness.

    • Identify site issues needing contractor attention.

    • Assess and update manpower efficiencies.

    • Review financial close-out to ensure compliance with contracts.

    • Track final lien waivers accuracy and completeness

    • Assist in meeting TCO/CO requirements to efficiently obtain the Certificate(s) of Substantial Completion.

Let’s talk about your next project.

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