Due Diligence
Construction Oversight
Construction Quality Review through both on-site visits and the review of essential documentation are to confirm that the general contractor is building the project in accordance with the construction documents. Both are for completeness and quality of work and materials.
Construction Budget Review is on a monthly basis to assess that the funds required are in line with the percentage of work completed. We also do this to confirm that there are sufficient funds remaining in the budget to complete the project.
Monthly Pay Request Review
Monthly Pay Request Review consists of the recommendation or approval of the disbursement of funds. The following is a checklist of items to be performed on a monthly basis:
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Observe the status of the project and provide written and photographic documentation
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Review pay requests and retainage amounts
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Obtain lien waivers
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Assess the percentage of completion and calculate sufficiency of remaining budget
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Assess that the percentage completed in the draw schedule is accurate
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Recommend payment
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Project Close Out: this is when the construction is complete and includes a final punch list and assembly of pertinent documentation
