Project evaluation report (per)
Falkin Associates reduces the risk associated with construction lending by providing a pre-closing document and budget review called a Project Evaluation Report (PER). The PER includes review of all construction related documents, provides a project summary, and identifies any areas of concern or elevated risks. It is designed to verify technical requirements and costs, and to identify any problematic issues or discrepancies before construction begins.
During the PER, construction documents and budgets are checked for coordination, and adequacy for successful construction. Independent review of work in progress compared to the construction documents permits us to check compliance with design and to monitor job costs. Any changes that affect the value, and therefore, the loan underwriting are noted in our clear and concise narrative report.