Generally issued monthly, this report includes a complete site and building observation with a focus on a monthly requisition to the lender. It includes the project data, site conditions, site safety, funding recommendation, change orders, contingency funding, retainage, potential delays/overruns, quality of construction, permits, violations, and schedule/estimated completion.
We visit the site in conjunction with Applications for Payment or as directed by the Bank to review the progress of the work and report on the following:
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Progress of the work and whether the payments requested fairly represent the amount of work completed on the project. In addition, review amount shown as necessary to complete the project.
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Quality of construction and standard of workmanship.
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Compliance with the approved plans and specifications.
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Anticipated labor stoppage and material shortages that could adversely affect the completion of the project.
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Review change orders.
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