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Construction Risk Management

CBRE's Construction Risk Management group provides construction monitoring services on behalf of construction, mezzanine, and permanent lenders and has successfully monitored the largest construction loans ever issues in the U.S.

Overview


CBRE's Construction Risk Management group has provided construction monitoring services on behalf of construction, mezzanine, and permanent lenders  for more than 35 years and has successfully monitored the largest construction loans ever issues in the U.S. Whether you are a mortgagee, investor, or owner, we are dedicated to protecting the interests of our clients and keep you knowledgeably informed of the construction progress and reduces risk associated with delays, cost overruns, etc.  Our services are typically provided in three phases and are tailored to our client’s risk position, budget, borrower relationship, and other constraints.


Pre-Construction Phase


  • Review of drawings and specifications
  • Review of regulatory and entitlement documents
  • Analysis of direct cost budget
  • Analysis of contingency budget
  • Review of agreements: design, construction, and building loan
  • Review of construction and disbursement schedules
  • Opining on bonding or Sub-guard insurance requirements
  • Preparation of a Construction Risk Assessment

Construction Phase


  • Monitor general compliance with the contract documents
  • Tracking percentage of work-in-place and funds available to complete the project
  • Review of contractor’s payment requisition
  • Tracking of construction and disbursement schedules
  • Ongoing review of buyout status and letting of subcontracts
  • Change order analysis
  • Review of waivers-of-liens
  • Review of testing reports
  • Review of retention withheld
  • Photographic documentation of progress
  • Preparation of Project Status Reports

Close-Out Phase


  • Designers’ Certificates-of-Compliance
  • Final payment waivers
  • Contractors’ Certificates-of-Completion
  • Temporary and permanent Certificates of Occupancy

Related Services

With more than 690 experienced professionals in 90+ offices nationwide, Valuation & Advisory Services (VAS) provides high-quality valuations and consulting services to help clients make the right business decisions.
Our Property Condition group offers Property Condition Assessment (PCA) services on behalf of mortgagees, investors and owners ranging from conducting an ASTM baseline walk-through survey to an enhanced due diligence approach encompassing a team of technical specialty consultants.
Our Telecom Advisory group has conducted thousands of Environmental Site Assessments for the installation of cell towers, pole sites, and other telecommunication transmission including extensive National Environmental Policy Act (NEPA), Section 106, and SEQRA assessments.
CBRE's practical and cost effective solutions to environmental risk are paramount in our approach to environmental due diligence. Whether a Phase I or Phase II Environmental Site Assessment (ESA), a groundwater remediation, asbestos abatement, or zoning compliance survey, our team of Environmental professionals provide a comprehensive range of services tailored to client needs.
CBRE Assessment & Consulting Services (ACS) provides a full suite of real estate consulting services. Primary services include property condition and environmental site assessments, construction risk management, and telecommunications advisory services on behalf of lenders, investors, corporate, and the telecom industry on a world-wide basis.

Brochure

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