431 W Lambert Rd ste 305 Brea, CA 92821

Document and Cost Evaluation

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.

Scope of the Review

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:

  • The overall scope of the proposed work
  • Completeness and adequacy of plans, specifications, contracts, and other construction documents
  • Appropriateness of the overall budget
  • Distribution of costs outlined in the construction budget’s line items
  • Proposed construction schedule

Required Documents

To conduct a comprehensive assessment, the following documents are typically required:

  • Civil, architectural, MEP, and structural plans and specifications
  • Construction contract, including exhibits
  • Detailed breakdown of construction costs
  • Proposed construction schedule
  • Geotechnical investigations

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