Construction Loan Monitoring

Our Construction Loan Monitoring services is designed for banks, lenders, and other financial institutions such as insurance companies, in which we protect their commercial interests and any inherent risks involved in providing finance for construction or renovation of real estate and infrastructure development projects.

We protect the Client’s interests by carrying out the following:

Pre-Construction Phase

• Review of project delivery strategy, construction documents and project approvals
• Peer cost review of project budget and allowances to determine the adequacy to achieve project completion
• Review of the contractor’s qualification, capability and suitability for the project
• Prepare a report on our findings and possible recommendations to correct any deemed deficiencies.

Construction Phase

• Review and recommend for approval draw down payment based on works completed to date in accordance with contracts and construction documents
• Review all change orders and variations to ensure they are in accordance with contracts
• Prepare cost to complete estimates and evaluate if there are sufficient funds to complete the project taking into consideration all possible changes.
• Ensure that there is a proper record of construction documentations and that project policies and procedures are being followed
• Review Bonds, Insurances and non-conformance reports
• Review of programme updates and reports to ensure that works are completed in accordance with approved schedule
• Review project risk register and mitigation plans
• Prepare a report on all findings including digital pictures of project progress for each site visits, and possible recommendations to correct any deemed deficiencies.