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Broadlands provides owner and lender representation, project finance controls, program management, project funds administration, project funds control, project takeover and completion, contractor capability and financial analysis, initial project evaluation, project site inspections, surety bond alternative solutions and, if desired, surety bond products (through its sister company, First Sealord Surety).
Broadlands colleagues bring engineering, project management, funds control, funds administration, design, general contracting, field investigation, claim analysis and business training experience to the construction and construction lending industries. By assembling a group of construction specialists with broad professional experience in mitigating construction risk, Broadlands provides its clients with the highest level of risk mitigation, loss control and training solutions.
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Funds Control, Funds Administration, Loan Disbursement Controls
When you deliver payment to your performing contractor, do you know whether your contractor has used those funds to pay suppliers on your competitor’s project down the road, or to make a personal mortgage payment? You will find out when the lien filings start coming in, but that is too late.
Too often, owners and lenders ignore what is arguably the greatest risk on any construction project: the misallocation of project funds. Broadlands provides effective project funds control, funds administration and loan disbursement controls that ensure your project dollars are safely delivered to project creditors.
Broadlands funds control, funds administration and loan disbursement controls protect those engaged in construction lending and development by proactively tracking and controlling the flow of loan proceeds and project dollars throughout construction. Broadlands audits every payment requisition, tracks contractor line item margins, disburses funds directly to those suppliers that have properly performed and collects all lien waivers and releases. Broadlands funds control, funds administration and loan disbursement controls track key performance matrix that pinpoint construction risk in real time and ensure project funds are not misdirected to non-project purposes. Broadlands clients have real-time access to project cashflow, costs and margins via BroadlandsOnline, our interactive client web portal.
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BROADLANDS GREEN TEAM: Renewable Energy Solutions
Owner’s Representation, Debt/Equity/Financing, Lender Controls
Broadlands is one of the few companies in the United States that has participated on large utility scale concentrating solar thermal and photovoltaic solar projects. Broadlands provides debt, equity, financing and power purchase agreement strategies, as well as program and construction management solutions for its renewable energy developers. Broadlands also provides proactive project loss controls, including funds control, funds administration, disbursement controls and on-site loss management for its renewable energy bank and lender clients.
Broadlands has successfully helped its clients complete hundreds of millions of dollars in renewable energy projects. Broadlands recently played a vital role in the completion of the largest concentrating solar thermal power plant built in the world in the last 20 years, Nevada Solar One. Broadlands was also recently selected to provide debt, equity, financing and construction loss control solutions for what will be the largest photovoltaic solar project on the east coast.
Broadlands provides turnkey solutions that make your renewable energy vision a reality!