Construction Draw Preparation
Fulcrum fully understands 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.
Construction Project Management
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.
Construction Draw Review (Hard & Soft Costs)
Fulcrum’s technical staff performs regular onsite observations and provides 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.
Modular Risk Management
Fulcrum’s in-house team of modular specialists provide custom risk management services including; Financial Evaluation, Contract Review, Deposit Risk Reduction, Preconstruction Monitoring, Escrow Funding, and Site Verification.
Renewable Energy Review
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 developed through our diverse staff skill set 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.
Cost to Complete
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 specific 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.