Lender Representation and Construction Oversight
RAA offers construction oversight services to owners and lenders who seek qualified on site representation, quality control and disbursement reviews during construction and at project completion. Site observations are conducted monthly to protect the owner or lender’s investment in the project. Following each site visit, a detailed construction progress report and photographic record of work in progress is prepared to:
Evaluate and record job progress for adherence to the plans and specifications, project budget, construction schedule and contracts
Advise on and provide recommendations for proposed budget revisions and forthcoming change orders
Provide a line item analysis of the contractor/borrower’s funding requests to assure accuracy and appropriateness of the percentage complete and cost to complete
These services can be expanded to full-time, on site representation for owners or lenders requiring a more comprehensive project management program.