Commercial Construction Plans and Cost Review
For lenders, protecting capital and managing risk requires reliable information. Investors in complex, multi-disciplined commercial construction projects must insist on clarity and accountability before committing millions of dollars. There should be no surprises.
With decades of experience in construction, architecture, financial and facilities management, Development Logistics Group team members understand the critical elements that drive successful commercial building projects. More importantly, that experience combined with advanced training allows our experts to identify and articulate potential obstacles that can thwart on-time, on-budget completion.
From pre-construction planning through punch-list sign-off, Development Logistics Group LLC provides another set of eyes and ears on-site to gather the information that lenders, owners and investors require. Our on-the-ground experts walk construction sites; scrutinize construction plans, and question architects and engineers in the preparation of the Commercial Construction Plans and Cost Review Report.
Your construction loan agreements should require that — prior to the advance of any loan proceeds —Development Logistics Group, acting as your adviser, is satisfied with the precision of a project’s construction plans, the quality of the materials used, and the integrity of building systems.
The Development Logistics Group Commercial Construction Plans and Cost Review reporting mechanism spans both pre-construction scrutiny and on-going observation of projects. The reporting structure ensures that our clients are aware of the expected project events and are alerted to unexpected issues and concerns.
Major components include the investigation, review and analysis of:
- property and building dimensions
- land, utilities and roadway capacities
- project conformity to land-use, zoning and building codes
- governmental regulations, permits, licenses and approvals
- a project’s insurable value and insurance status
- material and construction systems compliance with local jurisdictions and industry standards
- cost estimates and budget
- the viability of construction schedules
- contractors, major subcontractors and major material suppliers proposed
contract amounts, budget comparisons and performance history