Initial Project Evaluation / Plan and Cost Review

Construction requires complex coordination of labor and materials in perfect synchrony to ensure the continuous and timely progress of the project. Without proper review, the entire project can be thrown into chaos by error in plan, specification, cost or contract provision as well as by business decisions made without full understanding of the total risk.

Broadlands provides a detailed analysis of the following elements of a construction project:

  • Project estimate
  • Construction team
  • Scope of work
  • Contract 
  • Contractor’s certificate of insurance and builders risk insurance
  • Plans and specifications
  • Subcontracts and capabilities of any subcontractors planning to perform work on the project
  • Geotechnical analyses and environmental assessments
  • Construction schedule
This service allows our clients to properly evaluate the likelihood of completion on a particular construction project, and any attendant risks. Broadlands’ construction managers and project engineers, through its subsidiary HMS Victory, provide our clients with the due diligence required in evaluating construction and contractor risk. Our owners and developers receive an initial review of all project documents to pinpoint general construction risk inherent with the project, a project cost analysis to ensure cost to complete, and underwriting support to properly evaluate the contractor’s capability and financial position. Broadlands’ clients can resolve issues and concerns prior to project commencement and make informed decisions with respect to construction risk.