RHarper Consulting Group

Debt and Equity Source Due Diligence and Representation

Many lessons have been learned by lenders and equity sources over the past few years about relying solely on the developer to provide project information.  In addition to more stringent internal underwriting, most debt and equity providers are seeking reliable third party expertise to perform or review due diligence related to the real estate entitlements, suitability of plans and specifications, review of construction documents for completeness, adequacy of project budgets, and review of contract documents for the Architect, Contractor, and other consultants.

In addition, engaging a competent third party to provide periodic on site representation during the construction period as well as follow-up during building commissioning and close out is another step savvy lenders and equity providers are taking to mitigate construction risk.  Monthly site visits, review of change order proposals, test reports, applications for payment, monitoring of schedules, and involvement in preventing and minimizing claims are all important services in which the project financing sources are well served to have their own independent and knowledgeable expert on hand to notify them, provide practical resolution alternatives and above all, protect the best interests of the project and preserve the position of the financing source.

RHarper Consulting Group is experienced in providing these services for lenders and equity providers.  We feel the most effective tool is timely, concise information that allows adequate time for decision makers to assess their respective risks and take action to protect their position in the Project and reduce the risk of negative outcomes.  During the construction period and through final close-out, we provide a comprehensive report on a monthly basis assessing the performance of the project principal parties, provide an independent assessment of construction progress, provide relevant photographic documentation, review and assess of the Contractor and Owner’s applications for payment,  note areas of upcoming cost events,  claims and other pertinent information. 

These services may be provided as a comprehensive scope or on a menu driven specific scope basis depending upon the needs of the individual client.  RHarper Consulting Group has an extensive network of qualified professionals to bring to the project team if specialized expertise is required.



For more information about how our services can add value to your project click here.