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Construction Administration / Funding Review

HealthLink Development frequently acts as a representative for REITs, Lenders, Owners, and Operators during the development process to provide construction administration and draw (application for payment) review. These services generally fall into one or more of the following categories:

  1. Project budgeting / pre-construction. HealthLink has provided limited scope review of project budgeting prior to construction start, and frequently prior to bidding. The purpose of this review is to generally assure the Client that the construction documents (plans) are sufficient to produce a bid that is accurate and sufficient to complete the project within the stated scope of work.

    This type of review is generally performed when the scope of work is limited to a specific area of a building, renovations, or re-programming. This type of review may or may not include a site visit.

  2. Post construction / final draw. In instances where a Facility Operator is sufficiently funded to self fund a construction project without periodic draws from a REIT or Lender, HealthLink has performed a final completion evaluation. This evaluation includes a site visit to visually confirm quality and completion of the work as well as a review of all project financial documentation in advance of a single, lump sum reimbursement to the Operator in accordance with the Development Agreement or loan documents.

  3. Monthly Progress Review. The majority of HealthLink's construction administration services are in the form of a monthly review. These services include a monthly or bi-monthly site visit which coincides with the scheduled Owner-Architect-Constractor meetings to review project schedule, changes, construction/licensure issues, and budget. HealthLink receives and reviews the monthly draw request from the contractor, consultants, and Owner to ensure that they are appropriate for the work complete, contain necessary and proper lien waivers, and that the project is within the terms of the Development Agreement or loan documents.

    Please click here for a copy of a standard progress review and funding recommendation (in printable PDF format).

    Each site visit is documented with photographs that are posted to a client only section of our website. This allows for our clients to feel like they have visited the site themselves without the hassle of sending e-mail with extremely large file attachments. A sample of a photographic site visit can be found here.

 
HealthLink Development • 603 B Park Grove Ln. • Katy, TX 77450   -   email: info@hldllc.com   -   Voice 281 578-3712 • Fax 281 578-1582
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