J.S. ALTIMORE, llc
Construction Management Services
Lending institutions must properly assess the developer's ability to complete the construction project within specified cost and time limits. The Construction Loan Administrator will provide due diligence services and reporting to allow for the lender to accurately make the required assessments. This administrator will be activity engaged in the project throughout the life of the loan performing a series of document and budget reviews as well as scheduled site inspections.
Loan Disbursement Evaluations
In conjunction with our construction monitoring services, J.S. Altimore, LLC provides loan disbursement evaluations. We provide detailed analysis to lenders verifying the requested funding is adequately represented by the construction work in place. The following highlights the loan disbursement evaluation services we provide.
Change Directive and Change Order Assessments
J.S. Altimore, LLC reviews all construction change directives issued to the project. We report to our clients the purpose and validity of each change directive and evaluate the associated costs of each. A detailed comparison analysis of the change order cost is conducted by comparing the cost to similar project types and sizes with regional construction cost adjustments.
J.S. Altimore, LLC reviews each pay requisition. The observations made during the site visit are used to evaluate the validity of the current invoiced amount on the pay requisition. The pay requisition is also reviewed for compliance with the contract documents and verified that the proper authorizations have been given for approval.
When the barrower invoices for stored materials, J.S. Altimore, LLC will verify all stored compliance documents required by the contract documents are in place. Inspections are made of the material at the place of storage.