Construction Loan Monitoring

It’s not just project stakeholders who are concerned about staying on budget. When lending institutions are entered into the mix, it means another layer of cost concerns from start to finish.

That’s where we come in. If your lending agreement requires a Construction Loan Monitor, Hanscomb offers the experience in construction and contract administration needed to satisfy your lender. And the cost expertise to allow every stakeholder to breathe a sigh of relief.


As a Construction Loan Monitor, we provide our clients with the peace of mind that comes with knowing:
  • The loan agreement is being met
  • The project is properly funded
  • The budget reflects the complexity and demands of the work
  • The project is proceeding on schedule
  • Payments to trade workers and suppliers are being made on time
  • The construction is in compliance with drawings and specs
  • There’s enough money left to complete the job

Once again, as part of our full-service cost planning service, we don’t walk away after the planning stage. Our services include an Initial Project Review that lets the lender know the project is ready for construction from a cost perspective, and Project Draw Reports, which offer the lender detailed reports on a project’s readiness for construction on a monthly basis.


 

Latest News

Hanscomb is proud to be a part of the LaGuardia Airport (LGA) Redevelopment: Terminal B. Located in Queens, NY
Director of our Winnipeg office; Isaac Gwendo was recently interviewed by the Construction Economist.