Qualifications

• Commercial Inspector


• Residential Inspector


• General Contractor


• Bachelor's Degree from BYU in Contruction Management


• Comptroller for Mortgage Company

Sample Reports

Residential

Commercial

Loan and Investment Administration Services

InSPEK.net provides customized services according to complexity of the Project; individual needs, expertise, and available resources of the Client; and the detail or extent of the review required. There are four basic levels of Service:

• Single Family Residential: Small loan value single family residences with separate reporting for each home.
• Single Family Subdivision: Small loan value single family residences with single reporting for a subdivision.
• Light Commercial: Medium loan value residential, commercial, and site development projects.
• Large Commercial: Large loan value multi-family residential, commercial, and development Projects.

Feasibility, Document Review, and Cost Analysis:

• Review and analyze the following for content, completeness, overlap, clarity, adequacy, accuracy, validity, and potential claim issues; compare with Industry Standard and Historical cost information for similar projects:
  • Plans, specifications, soils and environmental reports, and any other pertinent design documents.
  • Contracts, agreements, zoning and permit information, etc.
  • Project Budget.
  • Project Schedule.      
• Report on findings including any possible deficiencies and recommendations for corrective action.

Contractor Qualification Review:

• Determine the Contractor’s capacity and ability to perform on the Project by reviewing the following:
  • Contractor’s financial capacity and experience.
  • Contractor’s payment history, customer and vendor references, and litigation record.
  • Contractor’s license, insurance, and bonding capacity and history        
• Report on findings including any possible deficiencies and recommendations for corrective action.

Construction Monitoring and Review:

• Conduct Initial, Progress, and Final on-site observations to assess status, progress, and quality of the work.
• Review and analyze the following information for validity, conformance, and budget and schedule impact:
  • Design and documentation for the Project.
  • Progress Payment Applications.
  • Budget Revisions and Change Orders.
  • Progress documentation, including inspection and test reports, schedule updates, etc       
• Report on findings including any possible deficiencies and recommendations for corrective action.

Long-Term Financing Review:

• Conduct an on-site observation to assess project completion and quality of the work.
• Review Final project close out procedures and documentation, including notice of completion, certificate of occupancy, punch list, final lien waivers, operations and maintenance manuals, etc.
• Report on findings including any possible deficiencies and recommendations for corrective action.

Standard Form Preparation and Review:

• Review and/or establish and prepare the following to facilitate the process and reduce risk:
  • Insurance requirements.
  • Standard Cost Breakdown forms, Payment Application, Architect Certification, and Lien waiver forms.
  • Contractor Qualification forms.
  • Project Close-Out forms.

Voucher Control and Disbursement Service:

• Establish disbursement policies and procedures as required for multi-party/joint checks, lien releases, etc..
• Maintain all account and disbursement accounting records.
• Set up a trust account for the depositing of funds from the Lender and the issuance of payments.
• Review all Payment Applications for the Project.
• Request/review on-site progress inspection.
• Receive approval from and/or provide recommendation to the Lender for Disbursement.
• Cut and issue individual payee checks for the Project.
• Oversee IRS 1099 reporting requirements, including collection of W-9 forms and year-end IRS filings.

 

Property Assessment Services

Anyone planning to finance, buy, lease, or sell property should assess its condition and determine its value first. InSPEK.net offers Clients a single source for assessing condition, determining value, and determining need for and estimating cost of repairs, retrofits, restorations, and capital improvements for Properties virtually anywhere in the country. As with all our services, we can adapt services to a Client’s specific needs, from a brief overview to a comprehensive study. There are four basic levels of Service:

• Property Condition Survey: Beneficial for any Client involved in ANY Real Estate transaction, residential or commercial.
• Partial Property Assessment: Beneficial for Clients who may be aware of or suspect problems with a Property.
• Specific Problem Assessment: Beneficial for Clients who know of specific defects or problems with a Property.
• Full Property Assessment: Beneficial for Clients who need a Property purchase Due Diligence Study.

Property Condition Survey:

• Conduct on-site observation of the Property to assess condition and identify:
  • Any significant defects that may require immediate attention.
  • Any repair/maintenance items that may need corrected within a period identified by the Client.
  • Any items that may need major repair or replacement within a period identified by the Client.        
• Provide conceptual cost estimates for any maintenance or repair work identified above.
• Report on findings, including any recommendations for corrective action.

Partial Property Assessment:

• Conduct on-site observation of the Property to assess condition and review specific problems and areas.
• As required, solicit and monitor any special consultants, exploratory testing, and material laboratories.
• Provide conceptual cost estimates for any recommended repair work.
• Report on findings, including any additional deficiencies and recommendations for corrective action.

Specific Problem Assessment:

• Conduct on-site observation of the Property to assess condition and perform a detailed investigation of known defects.
• Identify the cause of the problems and the extent of damage.
• As required, solicit and monitor any special consultants, exploratory testing, and material laboratories.
• Identify the cause of the problems and the extent of damage.
• Provide conceptual cost estimates for any recommended repair work.
• Report on findings, including any additional deficiencies and recommendations for corrective action.

Full Property Assessment:

• Conduct an initial on-site observation of the Property to assess condition and additional detailed investigations of noted defects as required.
• As required, solicit and monitor any special consultants, exploratory testing, and material laboratories.
• Research and review records, including environmental, architectural, building code issues, life safety and accessibility issues, and structural, roofing, mechanical, and electrical systems.
• Provide conceptual cost estimates for any repair or rehabilitation work identified above.
• Report on findings, including any recommendations for corrective action.

 

Troubled Project and Surety Consulting Services

InSPEK.net provides single source review of high risk Projects, salvaging troubled Projects, and claim review virtually anywhere in the country.

Project Status and Course of Action Review:

• Conduct on-site observation to assess status, progress, and quality of the work.
• Review, analyze, and/or prepare the following:
  • Existing Construction Team structure.
  • Contract Documents, proposals, subcontracts, purchase/work orders, change orders, etc.
  • Project Schedule including all updates.
  • Project Budget including all Payment Applications, budget revisions, lien notices and releases, etc.
  • Project Safety programs.
  • All pertinent correspondence, regulatory inspections, special inspections, test reports, etc.
  • Best method for Project continuance including Cost-to-Complete estimate if necessary.
• Provide Course of Action Report based on findings including any recommendations for corrective action.

Client Representative – Keep Contractor:

• Provide management services to the Contractor to correct or compensate for the non-performance.
• Supplement staff in active management positions on the Project as may be necessary.
• Oversee the Contractor’s on-site progress.
• Review the Contractor’s payment application preparation.
• Administer the subcontractor/vendor payment disbursements.
• Provide Progress Reports including any possible deficiencies and recommendations for corrective action.

Client Representative – Replace Contractor:

• Manage bidding and negotiating for new general contractor or provide a review of new contractor bids.
• Provide an in-depth analysis of the Contractor’s Project Schedule.
• Review contracts and agreements for overlap, omissions, terms and conditions, and discrepancies.
• Substantiate subcontractor bid coverage. As necessary, assist in negotiating subcontracts.
• Maintain an oversight management role for the balance of the Project.
• Monitor the Contractor’s on-site progress.
• Review the Contractor’s payment application including subcontractor/vendor payment disbursements.
• Provide Progress Reports including any possible deficiencies and recommendations for corrective action.

Client Representative – InSpek.net as Construction Manager:

• Provide active Construction Management for the balance of the Project.
• Meet with existing Trade Contractors and Suppliers to determine whether to continue using them.
• Manage the bid, negotiation, and contracting of additional/replacement Trade Contractors and Suppliers.
• Provide a new critical path Project Schedule taking into account delays and bidding/procurement time.
• Provide direct management and site supervision on the Project as may be necessary to complete the Project.

Claims Analysis:

• Review claims including cost, delays, warranty, defect, and non-performance. Recommend rebuttal or cure
• Assist in the preparation, presentation, and resolution of any claims.

Litigation Support:

• Review case with legal counsel.
• Assist in expert witness selection.
• Provide expert testimony as may be necessary.