PRE-CONSTRUCTION COSTS REVIEWS
A plan and cost review assists the credit underwriter in understanding a proposed construction project, the financing, and execution pitfalls that can result. Through this review, we provide the lender with a summary of the documents already in place and those still required by the borrower before construction can reasonably begin. Industry costs for labor and materials, contingencies, and weather, all play a part in every construction project. The review does not replace the legal and design professional responsibility, but augments the lender’s understanding of the project.