IPA reports make excellent presentations to lending institutions during the underwriting process for construction lending. The reports provide in-depth evaluation of different factors that would impact the construction cost of the project. Construction Cost Analysis Services include the following:
Provide independent cost estimate of project.
Provide description of improvements.
Identify the scope of work.
Prepare construction schedule.
Review and verify adequacy of projected construction cost.
Review and verify adequacy of proposed schedule of values, and disbursement plan.
Verify sufficiency of plans and specifications.
Review soils and environmental reports to identify unusual conditions and evaluate impact on construction cost.
Review construction contracts and change orders.
Verify availability of necessary permits to start and complete the project.