Construction Monitoring
Our monthly construction monitoring services provide lenders and other financial entities with regular oversight of construction, progress and delays, and confirmation of work billed to date. Along with on-site inspections, we will help coordinate draw package submittals, follow-up with the Borrower and Contractor, and timely delivery of draw reports. We assess progress and billings while monitoring cost and schedule to ensure cost and time risk is mitigated.
Plan & Cost Reviews
We provide upfront Construction Risk Assessments (Plan & Cost Reviews) for Lenders, Investors, & Syndicators. As a part of your team, we will lead Pre-Closing Calls to communicate all Construction Due Diligence Requirements to the Borrower and Contractor. Our thorough reviews are designed to address any potential construction related issues before closing by reviewing documentation such as Contractual Agreements, Construction Drawings, Schedules, Budgets, Geotechnical Reports, Environmental Assessments, and Project Team Qualifications.
Pre & Post Construction Analysis
Pre-Construction Analysis Inspections or "Pre-Cons" are crucial to understanding the existing asset that will be used for your construction project or acquisition. Whether it's a green field or a centuries old building, Winica uilizes enhanced Due Diligence to make sure the existing property matches what is being reported on zoning and survey documents, and that any sub-par building conditions will be remedied with the proposed renovation scope of work. These are typically coupled with our Plan & Cost Reviews.
Post-Construction Analysis Services include an inspection of a completed project as well as an in-depth look at essential Close-Out Documentation. Assurance that the completed project reflects what was agreed upon is imperative. We will interview property staff and make a detailed observation of the end product. We support our findings with reviews of Certificates of Occupancy, Architect Certification, As-Built Drawings and more.
Capital Expenditure (CapEx) Services
Capital Expenditures related to the acquisition, improvement, or maintenance of buildings typically require a unique, tailored set of services. Similar to our construction risk assessments, Winica provides an assessment of adequacy of Capital Expenditure Budgets as well as inspections for periodic Draw Requests related to the improvements. We will confirm that work has been completed according to the CapEx Budget and any design, drawings, and scopes of work that are required as per the loan documents.
