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Real estate investments in construction projects carry inherent risks due to the multitude of factors influencing project success. Inadequate plans, over-optimistic timelines and budgets, and a limited understanding of the project’s final outcome can significantly jeopardize the likelihood of success.
Upon completion of a Document and Cost Review, Construction Progress Monitoring can further enhance construction risk management.
An independent document and cost evaluation, also known as pre-construction document and cost analysis, serves as a valuable tool in mitigating these risks. It involves the assessment of:
To conduct a comprehensive assessment, the following documents are typically required: