Construction Project Insight for Lenders and Stakeholders
Criterium-Williams Engineers provides independent construction draw inspections to help financial institutions and owners manage risk throughout the build process. Our engineers conduct site visits to observe reported progress, helping to verify that requested funds align with the visible work completed and materials stored on-site.
Why Independent Draw Inspections Matter
Budget management is essential for the successful completion of any construction project. Our inspections provide lenders with a professional, third-party assessment of project status, designed to help identify potential scheduling delays or budget discrepancies before they impact project viability.
What We Evaluate
- Percentage of Completion – assessment of work-in-place across all major trades.
- Stored Materials – Documentation of materials delivered to the site but not yet installed.
- Workmanship Quality – General observation of visible construction to help identify deviations from the provided plans.
- Site Conditions – Summary of general site activity, manpower, and environmental factors affecting the schedule.
Our Approach
- Evaluation of the project budget, schedule of values, and construction timeline.
- Regular on-site visits to document milestones and physical progress.
- Comparison of the contractor’s payment application against visible field conditions.
- Reporting on any observed concerns that may impact the project’s completion or funding.
Deliverables You Can Use
Our findings are summarized in a report intended to help support the funding process. These can include:
- Annotated reports confirming the percentage of completion per line item.
- Clear, dated images of the site and stored materials to support the draw request.
- Professional opinions intended to assist the lender in making informed disbursement decisions.
Why Criterium-Williams
- Ability to provide the objective data lenders need to protect their collateral.
- Licensed Professional Engineers who understand the sequencing and costs of complex construction.
- Timely inspections and reporting that align with monthly funding cycles and project pace.