Construction Monitoring for new construction, renovations and restorations is performed to substantiate the requested funding. The report evaluates the quality and progress of construction and reviews substantial compliance with the submitted design documents, plans and specifications. During the construction monitoring process, the adequacy of remaining hard-cost funds to complete construction is examined. EMJNA compares real progress with scheduled progress and advises the client as to how this may affect the anticipated completion date.
EMJNA functions as a representative of the lender, investor or owner in order to reduce their exposure to the potential hazards of construction lending such as over-advancement of funds, delays, workmanship that does not comply with industry standards and non-compliance with plans and specifications.
After each construction monitoring visit, a written report indicating the general status of construction is issued with labeled color progress photos, documenting the completed work and pointing out potential problem areas.
In addition, EMJNA can provide detailed reports on the status of change orders, proper and safe storage of materials, as well as a review of testing reports. Close out services generally include review of architect’s certificate of compliance, final payment lien waivers, contractors’ certificates of completion and temporary and permanent certificates of occupancy.