The construction Completion Commitment (CC) is a proactive approach to managing the inherent risks of a construction project. It provides a comprehensive scope of fiduciary safety and construction oversight to ensure risk mitigation. The Completion Commitment can be used in lieu of a bond or in conjunction with a bond and includes the full suite of products from Partner’s Construction Risk Management services (see components below).
For construction lenders, understanding construction budgets and keeping payments in line with progress is critical. In the event of a major problem, Partner’s team of engineers, architects, and construction professionals can swiftly step in to course correct in order to take the project to completion using the remaining project budget.*
Completion Commitment (CC) Components:
* If necessary, Partner will provide unlimited Professional Services necessary for course correction at no additional cost.