Hard Cost Funds Monitoring
We provide hard cost funds monitoring services for the Construction Contract budget. We maintain communication, during the course of construction between the Lender, Borrower and General Contractor with the goal of ensuring the project budget is managed through to completion.
- Monitoring the Payment Application Requests
against the Hard Cost Budget
- Auditing for Lender-established Compliance Requirements
for Invoices and Lien Waivers
- Updating the Hard Cost Budget for Change Orders
from a single Contingency line
- Inspecting the Site for Validation of Progress
Lenders, Owners, and GCs can benefit from our services – click the links below for more details.
NOTE: It is important to note that CLM GROUP is not deemed the equivalent of, or a substitute for, architectural or engineering supervision. CLM GROUP is not responsible for determining whether the job is built in accordance with plans and specifications, satisfies applicable building code requirements, or meets a minimum standard of workmanship. CLM GROUP is not to be construed as the Owner/Borrower’s project manager. During the project, CLM GROUP has a fiduciary obligation to the Lender to monitor and control funds in accordance with the loan agreement.