Construction Management

Our goal is to identify construction risk, both physical and the impact on financial, and recognize property maintenance practices that could lead to collateral impairment. From planning through completion of the collateral, we provide stringent quality control products and services to make sure the project is completed as appraised and as your borrower has envisioned.

Plan, Specification and Cost Review (PSCR)
This service will determine if the hard cost budget is adequate and reflects the work shown on the project plans and if your project can be completed according to schedule and scope. Contract and permitting issues will be clearly identified. This review is conducted by construction specialists and professional engineers. Product features:
  • Review of construction drawings, hard cost estimates, contracts, permits, budgets and schedules
  • Comparison of hard cost estimates to various databases for entire construction project
Construction Monitoring
This service includes periodic inspections based on schedule and lender requirements to provide physical confirmation of progress and appropriateness of funding. Service features:
  • Monitoring conducted by experienced construction professionals
  • Verification of contractor payment requests
  • Review of lien waivers and change orders if requested by client
Property Condition Assessment (PCA)
This report is completed in accordance with latest ASTM or client standards, this report provides a detailed evaluation of the current condition of the building and property. Report features:
  • Inspection and evaluation conducted by experienced construction professionals
  • Descriptions of current structure and systems as well as a cost reserve analysis and photographic documentation
Property Inspection Report (PIR)
This report is often used in lieu of the more expansive PCA engineering study. It provides an evaluation of current conditions and recommendations for immediate repairs or improvements. Report features:
  • Limited scope site inspection as compared to ASTM Property Condition Assessment
  • Over-view of property condition and expected repair and maintenance with photographic documentation of identified issues
Portfolio Review Inspection Services
This service provides periodic visual inspection of properties during the life of the loan to confirm condition and maintenance. Service features:
  • Limited scope site inspection by experienced construction professionals
EPIC Report
With quick turnaround times for lenders, this report combines an environmental report with a property inspection report. Report features:
  • One low fee for a combined environmental and property inspection report
  • Choose from EAQuick Loan Check “Plus”, ASTM Transaction Screen and/or AAI Phase I