Axius Construction Control
(855) 444-2926
Financial and Risk Management Solutions for Developers, REIT’s, and Lenders Leveraging USDA, B&I, SBA and Private Construction Funding Nationwide
Due Diligence and Project Review
When financing projects outside of your local market, it’s difficult know if a builder is qualified or if the project is on track to a successful completion. Axius’ Initial Project Review services provide a comprehensive review of the builder’s qualifications and project’s efficacy including:
- Initial Project Review
- Project Entitlement and Permitting
- Environmental Reports
- Contractor Qualification
- Contractor Financial Statements
- Construction Agreement
- General Conditions
- Subcontracts
- Construction Plans
- Construction Schedule
- Utility Commitments
Project Feasibility
The top reason for a failed construction loan is improper planning. Axius offers a comprehensive review of all construction elements to ensure your portfolio risk is mitigated. Feasibility comprises the following phases:
- Acquisition
- Equity and Debt Funding Sources and Uses
- Construction and Control Estimate Analysis
- Preconstruction Management Review
- Course of Construction Management
- Project Closeout
Active Project
Most problems develop well in advance of a project going sideways. Axius manages the entire payment application process for you, reducing overhead and time.
- Contractor and Key People Coordination
- Pay Application Review
- Progress Analysis and Front loading Review
- Budget Analysis and Reconciliation
- Change Order Management
- Materials and F,F,& E Management
- Site Inspections
- Payment Disbursements
Construction Control Program Levels
Construction Project Monitoring
Construction monitoring allows lenders and owner groups to enjoy the safeguards put in place to oversee a project in progress. Critical points of success are evaluated and compared to overall project completion. Monitoring involves project coordination with the contractor, budget analysis, contractor draw application analysis, subcontractor application analysis, lien waiver reconciliation, and funding recommendations.
“It has been great to see our companies continue to grow and prosper. I’ve thoroughly enjoyed our construction financing discussions, and I very much appreciate your high level of professionalism, strong work ethic, and commitment to excellence.” DM Trust Bank
Construction Funds Control
Funds control is designed to monitor and safeguard funds during the construction stages and to mitigate risk on commercial and residential projects. Our clients receive comprehensive progress review reports from Axius recommending funding.
- Initial Project Reviews
- Receiving and processing draw voucher requests
- Verifying invoices and suppliers
- Lien waiver management
- Progress Inspections
- Budget line item review
- Municipal permitting, inspection and code adherence verification
- Budget analysis and predictive review
- Direct Funds Disbursement From Trust Account Where Contracted
- 1099 Reporting
- Comprehensive Funds Control Analysis Report with Recommendations
Project Completion Management
Axius’ proven experience in successfully managing and controlling major projects provides its Project Completion Management Program (PCM). This program opens up diverse opportunities to lenders such as USDA, B&I and SBA sources of financing. PCM refers to support provided in the instance of project default to ensure that progress continues and all tasks, deliverables, and obligations of a project are fulfilled before it is formally closed. This includes, project completion efforts, owner consolation and coordination, subcontractor management, materials delivery and installation, final approvals, documentation, and settling any outstanding payments or obligations to ensure a smooth transition to project closure.