Once the loan is closed and construction has commenced, NFS will perform a monthly walk of the property to confirm that the work has been completed. If any questionable methods or materials are observed they will be reported for further inspection. Any deviations from the project drawings are also noted and reported. NFS also reviews all change orders to verify the validity of the charges.
Construction monitoring is designed to compare the progress of construction work with the project schedule and is conducted through periodic visits to the construction site. More intensive monitoring may occur based on a client’s specific request. In the final phase of construction monitoring, NFS will provide the client with a report that includes findings and certification of any costs or project milestones.