Project Monitoring enables lenders to take advantage of professional cost and project management
expertise ensuring protection of their investment. We protect our client’s interests by identifying and
advising on the risks associated with projects that are not under their direct control.
DRB Associates provides project-monitoring services that facilitate the flow of information between lenders and developers with accurate, timely analysis and clear concise reporting. Project monitoring services usually entail a two-step process that starts with an initial project review prior to commencement on site and subsequent monitoring function throughout the construction period.
We provide certainty for lenders prior to the commencement of the project as our cost and project
management expertise enables us to review proposals from a developer’s perspective. We understand
how construction projects are delivered, the items that need to be considered and the pitfalls that
developers face.
Throughout the construction period we provide a much needed interface between the lender and
developer. We ensure that the developer is provided with the appropriate funds as the project
progresses, yet ensure the lenders are not exposed to the problems inherent in development and
construction. This approach to project monitoring is one of identifying issues early in the process and
working with the parties involved to mitigate problems before they arise.
Monitoring services include
Ensuring that the project budget is reasonable, adequate and realistically allocated to the various
hard and soft cost budget categories.
Analysis and reporting on the existence and adequacy of supporting documentation, schedules,
geotechnical reports, environmental recommendations, cash flows, contracts, bonds, insurances,
etc.
Site visits during construction to accurately assess the value of work in place and the cost to
complete.
Services
Builders Lien Act Certification, Construction Management, Contingency
Reserve Funds, Contingency Risk Analysis, Cost of Replacement for
Insurance, Cost Planning, Depreciation Reports, Feasibility Studies,
Loan Monitoring, Project Management, Post-Contract Cost Control, Development Proforma Preparation, Budget Reviews, Progress Claim Reports