The proper flow of funds to cover the costs of construction is critical to the health of a project. Construction Monitoring Services are typically performed monthly and include the following:

• Visit to the Construction Site by a Trained Professional
• Review and Analysis of each Payment Application
• Computer Analysis of the Contractor's G702/3 Continuation Sheet for:
  • Budget Revisions or Corrections
  • Change Orders
  • Adequate Funds to Complete the Work
  • Calculation and Transcription Errors
  • Percentage of Completion of each item
  • Retainage Errors, Releases, or Revisions
  • Stored Materials (on and off site)
  • Proper Funding Credits to Subcontractors and Suppliers
  • Coordination of Funding among Bank, Owner and Contractor
  • Required Signatures and Approvals
• Review and Analysis of Lien Waivers and Releases
• Tracking and Proper Documentation of Stored Materials (on and off site)
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