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Commercial and Banking
Inspection Services
Commercial Construction Draw Inspections
During the construction process we will review all draw requests, meet with
the contractor or his representative, and visit the job site. We can also attend
progress meetings . Many of our clients have their own forms, but if you
don't our reports can include:
Current status of the construction process
including comments on each phase
Time schedules and projected completion dates
General conditions and concerns including quality of workmanship
Change orders
Stored material
Verification of permits, zoning, licenses, taxes, and insurance or bonding for
the project and contractor
Payment recommendations
Job site pictures
Residential Construction Draw Inspections
It is a proven fact that 3rd party inspections will save you time and money.
We offer several different levels of pricing that are based on the volume of
inspections. Our pricing is based on what you need, but is a great deal
less than sending a productive officer or bank employee to perform this
important inspection! We have provided services for several banks
including Regions (AmSouth), Trustmark, Bancorp
South and Wells Fargo (Wachovia), Fifth-Third and The Green Bank in Alabama, Mississippi and Tennessee.
Many individuals who are not working with a bank still use our service, we
become their eyes and ears at their site and keep them informed of the progress
so the proper funds can be dispersed.
During the construction process we will inspect the residential job site and
furnish a report on the status of the project. Our report includes percentage
complete of all phases of construction and the total percent complete. We also
provide comments concerning any problems noted and pictures.
Most of our residential inspections are made on pre-designed
forms using percentages of construction based on industry averages. We can use
your forms or ones designed by our company. The percentages on our forms are
based on actual local averages for your market area and national industry
averages.
On larger residential or remodeling projects we can also work from the
contractor's original cost projections and create an inspection form based on
their numbers.
Commercial and Residential Site Development
Inspections
During the construction process we will review all draw requests, meet with the
contractor or his representative, and visit the construction site. Many of our
clients have their own forms, but if you don't our reports can include:
General description of the project
Current status of the construction process including comments on each phase of
construction
Time schedules and projected completion dates
General conditions and concerns including quality of workmanship
Change orders
Stored material
Verification of permits, zoning, licenses, taxes, and insurance or bonding for
the project and contractor
Payment recommendations
Job site pictures
Pre-Construction Reviews and Cost Analysis
Prior to construction we will review all construction documents including plans,
specifications, cost projections, contracts, engineering, environmental, time
schedules, zoning, permits, and licenses. In the cost portion of our analysis we
compare the projections to other similar projects to try and determine if all
phases of construction have been addressed and if those costs are adequate to
complete the project. The comparisons used are taken from our extensive database
of local projects as well as national averages. We provide this service for
residential, commercial, and development construction projects.
Reverse Mortgage Inspections
With the recent increase in demand of Reverse Mortgages and the
ever increasing age of our housing stock also on the increase; many lenders are
now requiring an inspection of the property. This is to identify and
document items in need of repair and the overall condition of the property.
The property must meet HUD/FHA requirements for a habitable residence in order
for it to become eligible for a reverse mortgage. Many times an appraiser will
also note on the appraisal that items are in need of repair and many are just
requiring a complete home inspection. This type of inspection is not as in-depth
as basic home inspection and the associated fees reflect that.
Invoice Verification
Quite often you or your customers would like an extra level of assurance on
"Cost Plus" construction projects. We can assist you with this by providing
detailed invoice verification. In this process we check each line item to
determine if the material and labor you have been billed is justified.
Additional Consulting Services:
If you are purchasing a new building we can provide a comprehensive inspection
of the structure. This will assist you in making a more informed decision
and will point out aspects of the structure that you may not be aware of.
We provide a variety of other consulting services to the
banking industry including:
Educational workshops and seminars on construction lending Assisting with "work out" or problem loans Property condition reports...Deferred
Maintenance... Association reserve study assistance Construction monitoring
We also provide pre-shipment invoice verifications, inventory
verifications, property verifications and some specialized Field Services for a
variety clients. With over ten years of work in the invoice verification
profession with SGS as a contract inspector
we know what and how to perform this specialized task.
For further information on
the above services please call 615-302-1113
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