Preconstruction Document and Cost Reviews
For construction loans, AEI will perform an independent review of construction documents (Architectural, Structural, Landscape, Mechanical, Electrical and Plumbing drawings and related specifications). The purpose of the review is to ascertain if the documents provide sufficient information for a contractor to prepare a thorough and accurate bid and for construction to proceed with a minimum of cost-adding change orders resulting from missing information.
As part of the process, AEI also compares the proposed cost schedule provided by the contractor/developer to costs that are derived from our own
calculations to determine if the proposed construction cost is higher, lower, or on target with the our cost projections.
costs are reviewed to determine the adequacy of the projected budget. In addition, AEI reviews the projected construction
schedule provided by the contractor to see if it is realistic or aggressive and if there could be events such as routine inclement
weather or possible labor actions that might affect the projected schedule.