Representing Real Estate Equity Investors, Property Owners and Developer teams providing due diligence, design evaluation, project management and commercial or multi family construction inspection services over the life of the real estate development process including:
- Commercial Real Estate Inspections including
- Emergency Special Event Inspection
- Monthly Due Diligence DRAW Document Review
- Monthly Due Diligence Field Inspections
- Façade Inspections
- Review of Construction Documents & Reports – ‘Plan Reviews’
- Review of Pre-loan Closing Exhibits
- Commercial Property Pre-purchase Inspections
- Real Estate BOMA Calculations
- Project Site Planning + Architectural Design Evaluation
- Existing Conditions Survey & Drawing
NOTE: We do not provide Single Family Home Inspections or Legal Services
Construction Phase Inspections:
We provide overview Construction Inspections as an independent, third party to ensure that the work observed in the field meets the ‘specified quality and quantity’ as set forth in the ‘Approved Plans’ attached to the various Equity Investors Agreements and ‘Take-out’ loan commitments.
As the representative of the Equity Investor or Equity Owner in a partnership with a local developer, we receive and review a copy of all construction phase reports prepared and issued by the owner’s consultants including soil and construction materials testing reports, environmental abatement reports, local inspectors, Architectural or Engineering field inspections, special consultant inspection reports including waterproofing, floor flatness, fire rated penetration assembly and acoustical evaluations.
Our work is not the same as a full time ‘Owner’s Clerk-of-the-Works’ or a substitute for the A/E Team or local building inspector’s activities and duties. Local municipality inspections are periodic in schedule and do not focus on the more specific needs and due diligence responsibilities attached to the monthly DRAW payment disbursements to the contractor.
We also provide 3rd party witness inspections as to what ever field ASTM tests may have been specified by the project A/E Team or as may be found prudent and necessary. These field tests often are wind and water infiltration tests for specified windows and exterior façade doors, acoustic test to confirm compliance with project requirements as to floor to floor or room to room acoustic standards and requirements, floor flatness testing, or deconstruction testing or observations due to work found inadequate or construction not as specified or to document actual conditions related to water infiltration of some other construction phases emergency event.
We also ‘stand-ready’ as part of our work representing Equity Investors, to conducted special emergency event inspections related to the project’s construction phase. Construction can be a complex series of activities and may extend over all seasons and is therefore, susceptible to local weather conditions. On occasion a development project, depending on the location of the property and type of construction, can experience unexpected events. We do not represent insurance companies as to adjuster work but we have ‘added’ our experience in aiding local A/E and contractor teams in successfully resolving ‘construction fires’, water infiltration, wind or flood, structural settlement or other damage events in a manner that protects the property and construction project underway and the Equity Investors interests.
DRAW Document & Field Inspections:
During the construction phase we attend monthly DRAW Meetings with the developer, lender and contractor representatives including a supporting field inspection.
We provide written reports to our clients suitable to their needs but often including, brief description of project status, identification of any concerns and report on process to successful resolve issue, status of ‘Base Line’ construction schedule plus possible related impacts on parallel activities (marketing, sales or leasing or need for a ‘recovery schedule strategy’), evaluation of proposed AIA G702-703 Contractor Request for Payment documents, evaluation of proposed change orders, verification of compliance with local permits, licenses, taxes and insurance or bonding requirements, payment recommendations, obtaining field status construction photographs, evaluation of local workmanship as to methods-field forces and materials, evaluation and comment on field worker safety policies and methods, monitor of any local site development or off-site improvements ‘escrow’ accounts, monitor of compliance with ‘Approved Plans’ as to quality and quantity of promised development scope and construction pace.
