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Professional review of construction documents and pay applications
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- Our Construction Risk Management (CRM) service
provides value added to the Owner who receives the benefit of
our experienced professionals reviewing the construction documents
and monitoring construction execution.
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Proactive involvement . . . |
- The borrower is getting proactive
involvement that will help keep their project out of trouble.
The cost of our CRM services is normally less expensive than a
performance bond.
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Additional Owner benefits from CRM . . . |
- Through our initial review of the contract
documents, FAS can alert the Owner to inconsistencies and potential
trouble areas prior to construction.
- Through pay application review and site
visits, FAS helps monitor that the Owner's borrowed funds are
being applied to the job.
- Can have access to the same project status
reports as the Lender (with Lender approval).
- Up to date releases of liens to confirm
that everyone performing work on the project has been paid.
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