Cash flow is essential to all construction projects.
Our Construction Loan Monitoring Service is directed at both lenders and borrowers of capital for the development of their construction and real estate assets.
​Williams Austin Advisors will ensure that our clients’ cost and commercial interests are always protected from project inception through to completion and occupation.
HOW WE ASSIST OUR CLIENTS
HOW WE ASSIST OUR CLIENTS
Pre-contract Phase
- We will do due diligence to ensure that project documents (such as Contracts, Schedules, Bonds and Insurances) do exist and are administratively adequate.
- We will review and verify that construction budgets are adequate and are properly allocated to the various project elements or divisions, so that cash flow forecasts are reasonable and realistic.
- We will highlight all relevant issues that may potentially cause cost overruns and other factors that may have serious implications on the loan agreement.
Post Contract Phase
In order to eliminate the general risk of over payment of funds:
- We complete progress draw review by making timely site inspections, with the view of accurately valuing the works completed to date including materials on/off site, and assess the anticipated cost to complete on your behalf.
- We will verify the borrower payments against progress draw down funds
- We will highlight all relevant issues that may potentially cause cost overruns and other factors that may have serious implications on the loan agreement.
