SERVICES

Fulcrum consults with our Clients to understand each project’s goals, review any existing documentation and assist our Clients through the master planning, project programming documents, and pre-design phase.

Fulcrum’s detailed contractor evaluation enables Clients to complete the vetting process in a proactive and detailed manner.

Prior to commencement of construction, equity investments and loan closing, Fulcrum typically reviews project documentation to evaluate contractual agreements, geotechnical conditions, municipal approvals, quality and completeness of drawings, construction costs and schedules. Fulcrum’s unbiased opinion highlights areas of concern and enables our Clients to make rational business decisions early on.

The rehabilitation of existing properties presents different and unique risks. Fulcrum will complete a Property Condition Assessment of existing properties, while reviewing proposed costs, schedules and plans and specifications associated with the rehabilitation. Fulcrum will provide commentary on planned upgrades, and note items that could have a negative impact on the functional and financial performance of the property if not replaced.

Fulcrum values the importance of timely and accurate construction draw requests and assists our Clients in developing and customizing a process that benefits all parties within the project team.

Fulcrum’s unique Construction Project Management services can be tailored to suit the specific needs of every Client. Fulcrum’s tried and tested processes provide valuable information that enables each and every Client to make educated decisions best suited for their respective project(s). In addition, Fulcrum’s team of certified professionals and technically qualified staff allows for in-house collaboration resulting in a qualitative approach to each project’s needs.

Fulcrum’s technical staff perform regular onsite observations and provide clear, concise, and comprehensive progress reporting in a timely manner. Our evaluations typically include reviews and recommendations concerning the budget, schedule, plans and specifications, draw requests (hard and soft costs), progress photographs, lien waiver receipt and reconciliation, and change orders. Prevailing Wage reviews are an additional service provided to our Clients requiring this oversight.

Fulcrum has developed a proactive, best practices approach tailored to meet the specific needs of our Clients in the renewable energy market. Our approach provides an essential guidance tool throughout construction that is delivered by our diverse staff skillset and construction risk management, along with an in-depth understanding of the unique elements of these projects.

While Plan and cost Reviews should ideally be completed before construction commences, on occasion our Clients ask Fulcrum to perform similar reviews during construction. In addition to a typical Plan and Cost Review, these reports include onsite observations to determine the quality of materials and workmanship completed to-date, and general conformance to original plans and specifications while establishing the financial status of the project.

Using information obtained from site visits and other sources, Fulcrum estimates the hard and soft costs required to complete a project from any stage of construction. Fulcrum produces various Costs to Complete scenarios, such as completion per contract documents, completion to obtain a Certificate of Occupancy, and completion to a state to operate the property.

Fulcrum works with borrowers/developers and general contractors to ensure that required closeout requirements are achieved. Further, Fulcrum reviews all costs, processes and information presented to ensure contract terms have been met.

Prior to the expiration of a general contractor’s warranty, Fulcrum interviews property maintenance and management staff and reviews completed construction to determine whether there are any current material defects or workmanship issues that should be addressed by warranty. Fulcrum also seeks confirmation that warranty inspections have been completed, that warranty maintenance procedures have been adhered to and operational and that maintenance manuals are in place and updated.