Call Us: (800) 419-4923
Partner Engineering and Science, Inc.
Partner Engineering and Science, Inc.
You are here: Home » Resources » Articles » Stay in the Loop With Construction Progress Monitoring

November 16, 2011

Stay in the Loop With Construction Progress Monitoring

By Terry Dungan

Construction Progress Monitoring Is Crucial for Lenders and Borrowers

…to keep track of the project, save money, and avoid mistakes. When a lender agrees to loan funds for a construction project, they want to know the work is being completed according to the contract agreed by all parties involved, which normally include the Lender, Owner, Borrower, Architect, and General Contractor. Prior to disbursing funds each month most lenders require an inspection of the work to verify the level of completion and compliance with the contract. This practice is referred to as Construction Progress Monitoring (CPM).

Continue reading the GlobeSt blog here.

Get in Touch

    Other Resources You Might Like


    Let us be your Partner

    Learn how we can support your next project or share insights via our newsletter.
    Partner is the leading provider of engineering, environmental, construction, energy, and valuation consulting for the commercial real estate industry. We help our clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies.
    Our Family of Companies
    Terms and Conditions  |  Privacy Policy   |  Website Terms of Use  |  © 2023 Partner ESI. All rights reserved.
    crossmenuarrow-up linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram