Construction Loan Monitoring
Construction Loan Monitoring
BCQS offers construction loan monitoring services for financial institutions and real estate investors. In instances where a Financial Institution has provided development financing for a project, BCQS will vet quality and the construction programme as well as audit the monthly drawdowns being made to the Developer on the Lender’s behalf. We provide due diligence reports that review cost, programme, and quality as well as compliance with hurricane and seismic standards. Through loan monitoring, BCQS will verify the correct payments are being made, contractors are not overpaid, and will value the cost to complete the project. This gives peace of mind to the lending institution and ensures that there are sufficient loan funds to complete the project. BCQS will also advise the Bank on the status and value of any variations or changes that are taking place on site.
