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Professional review of
construction documents and pay applications . . .
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- Our Construction Risk
Management (CRM) service provides value added to the Owner who
receives the benefit of our experienced professionals reviewing the
construction documents and monitoring construction execution.
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Proactive involvement . . .
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- The borrower is
getting proactive involvement that will help keep their project out of
trouble. The cost of our CRM services is generally less expensive than
a performance bond.
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Additional Owner benefits from CRM
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- Through our initial review
of the contract documents, FAS can alert the Owner to inconsistencies
and potential trouble areas prior to construction.
- Through pay application
review and site visits, FAS helps monitor how the Owner's borrowed
funds are being applied to their project.
- Can have access to the
same project status reports as the Lender (with Lender approval).
- Up to date releases of
liens to confirm that everyone performing work on the project has been
paid.
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