Lender Representation / Progress Inspections

At Marelli, we understand the critical role that lenders play in the construction process. That’s why we offer specialized Lender Representation services, ensuring that your interests are protected every step of the way. Our Progress Inspections provide lenders with an accurate, real-time assessment of the project’s status, keeping all stakeholders informed and reducing risks.

What We Do

Marelli conducts comprehensive progress inspections on behalf of lenders to ensure that projects are moving forward according to plan, contract requirements, and financial agreements.
Our inspections include:

● On-Site Inspections: Regular site visits to monitor the level of completion and the quality of work.
●Contractual Compliance: Verifying that the construction is progressing in alignment with the general contractor’s contract and the construction loan agreement.
● Budget & Payment Monitoring: Reviewing the contractor’s application for payment to ensure that requests reflect the actual work completed and that funds are being appropriately allocated.
● Change Order Reviews: Identifying any construction changes or pending change orders and confirming that they are justified and in the best interest of the lender.
● Material and Labor Verification: Confirming the status of materials and the adequacy of the labor force to ensure there are no delays or stoppages.
● Schedule Adherence: Monitoring the project timeline to ensure that milestones are being met and the overall schedule is maintained.
● Quality Control: Verifying that construction meets the required standards through coordination with architects, engineers, and other inspectors.
● Lien Release Validation: Ensuring that each payment is accompanied by the necessary lien releases, protecting the lender from future claims
● Financial Sufficiency: If requested, we assess whether the remaining budget is adequate to complete the project and provide recommendations to mitigate financial risks.

Why Choose Marelli?

With our deep expertise in both construction and project management, Marelli acts as the eyes and ears for lenders, ensuring that projects are progressing smoothly, within budget, and in accordance with contract terms. Our tailored progress Inspections provide peace of mind, ensuring that your financial interests are safeguarded from start to finish.