Construction Articles & Resources
Construction Articles & Resources
Change Order & Potential Change Order Review
In the world of construction, changes to the original scope of work are common, but ensuring that these changes are legitimate and properly documented is crucial for both project success and budget control. At Pond Robinson & Associates (PR&A), we frequently assist our clients in reviewing change orders, proposed change orders (PCOs), or change order proposals to ensure compliance with the construction agreement.
Equity Construction Monitoring vs Construction Loan Monitoring
Equity Construction Monitoring and Construction Loan Monitoring both focus on overseeing construction projects for financial participants, but they serve different purposes and cater to distinct stakeholders. Here’s a breakdown of the differences between the two.
Conducting Due Diligence and Design Review for Development Joint Ventures
When embarking on a development joint venture, performing thorough due diligence and design reviews is critical. These steps ensure that both the developer and the investment partners are making well-informed decisions, minimizing risks, and setting the stage for a successful project.
Developer Draw Review
When reviewing a developer’s draw, it’s important to ensure that all costs are properly accounted for, especially when there are multiple types of costs involved, such as land, contractor fees, and soft costs.
Understanding the Buyout Status Log and Allowance Log
When managing a construction project, staying on top of the budget is crucial. One of the most important tools in maintaining financial control is the Buyout Status Log and Allowance Log. These logs help track project expenses, identify potential cost risks, and ensure that the project stays on budget—or that any overages are addressed in a timely manner. In this blog post, we’ll break down the essential steps for reviewing these logs and the role they play in maintaining a smooth and successful project.
Project Feasibility Review: Performing Due Diligence for Developments at Land Acquisition
When embarking on a new development project, whether it be as a developer or joint venture investor, one of the most crucial early steps is conducting a thorough project feasibility review. This process typically takes place during the initial stages of land acquisition and project configuration, serving as a comprehensive evaluation to determine whether the proposed site and project is viable and worth pursuing. The goal of a feasibility review is to identify potential risks, costs, and challenges that could impact the success of the development, ensuring that stakeholders make informed decisions from the outset.
Waivers of Lien
In construction projects, waivers of lien are a vital part of the payment process. These documents help ensure that contractors, subcontractors, and suppliers receive payments and, in turn, prevent them from placing a lien on the property in the event of non-payment. Properly managing waivers of lien can help avoid future legal disputes and ensure smooth project completion. In this blog post, we’ll walk you through the essential aspects of Waivers of Lien and how to manage them effectively during the payment application process.
How to Review a General Contractor's Application for Payment
A crucial component of the construction payment process is the General Contractor’s Application for Payment. This application, typically filed using AIA G702 and AIA G703 forms, requests payment for work completed during a specific period. Properly reviewing this application ensures that the payment amounts align with work completed, contract terms, and any changes in scope. In this post, we’ll walk you through the key steps we take to review a general contractor’s application for payment, ensuring that the payment is fair, accurate, and in compliance with the contract.
Schedule Review and Tracking Process
At the core of every construction project lies the schedule. Ensuring that work progresses on time to meet the agreed-upon deadlines is critical. Our primary role in schedule monitoring is to evaluate whether the project is on track to meet the contractually defined substantial completion dates, as well as any additional completion requirements outlined in agreements with joint venture partners or developers.
PR&A Closeout Review
As projects near completion, ensuring a smooth and efficient closeout process is crucial for both the client and the team. At PR&A, we offer comprehensive Closeout services, including detailed reports, as part of our standard project offerings. Whether this is included in the project proposal or discussed with the client during project setup, we prioritize timely, accurate, and complete project closeout documentation. Here’s an overview of our Closeout process and how we ensure every detail is handled with precision.
Third-Party & Design Consultants
In construction, ensuring that everything from design plans to execution is carried out according to the highest standards is crucial for project success. That’s where third-party and design consultant observation reporting comes in. Our team specializes in overseeing this vital process, ensuring that any concerns raised during site observations are quickly addressed and resolved. Here’s a closer look at how our third-party and design consultant observation reporting services provide transparency, identify risks, and safeguard quality throughout your project.
Construction Documentation
Effective construction management relies heavily on the timely collection, review, and tracking of essential project documents. At PR&A, our CMDR process helps to ensure that all key documents are organized, accessible, and reviewed, helping our clients make informed decisions and keep projects on track. Here’s a closer look at our comprehensive approach to construction documentation and how it benefits both the project and the owner.
Materials Testing & Special Inspections Reporting
At the heart of any successful construction project lies quality assurance inspections (QA) and quality control (QC) testing. Our team works closely with contractors, consultants, and testing firms to track and report on the critical materials testing and special inspections that ensure every project meets its required standards.
Regulatory Research at Pond Robinson & Associates
At Pond Robinson & Associates (PR&A), regulatory research is a critical component of our Property Condition Assessments (PCAs) and Document and Design Review (DDR) services. We conduct this research to ensure compliance with zoning and building regulations, as well as to verify that there are no outstanding issues that could affect a project. Below, we’ll take you through the key steps of our regulatory research process, which helps us provide accurate and thorough assessments for our clients.
