Project Status Reports (PSRs)

 

We perform periodic site visits to assess construction progress and issue Contractor Payment recommendations.  Within two working days of receiving a request, our field inspection representative visits the site and evaluates the level of each work category completion and compares it to the Contractor's Payment Request.  Within hours, a Funding Recommendation containing helpful pertinent commentary will be emailed to the Lender.  During our draw inspections, while reviewing the Contractor's Payment Request, we also observe the quality of completed work, confirm its general conformance with Plans, and verify if it is in accord with good construction practice. Our full narrative-style report containing captioned color pictures taken at the job site, will be transmitted to the Lender within a few days.