Construction Draws
The videotaping
of Construction Draws is intended to be used by the banks financing
a construction project. As a phase of construction is completed, the
contractor notifies the bank so they can confirm completion of the work
and the construction company can draw on the funds to begin the next
phase of construction. The lending agency then schedules an inspection
of the completed phase of construction.
We travel to the construction site to videotape
and follow the contractor as he explains and shows the construction
phase that has just been completed and the materials that have been
delivered to the site. By being a disinterested third party, there is
no question as to the validity of the video evidence.
Save your loan officer the time and
expense of traveling to the construction site
Document the construction site for upper
management to inspect from their office
Eliminates any question of impartiality
Allows lending agency to visually reference
the inspection at a later time for any inconsistencies or questions
Allows the contractor to show and explain
any important information that may be difficult to do on paper