Budget Reviews are primarily intended to determine the adequacy of construction funding for a project as it is defined in the A&E drawings and specifications. The process begins with a review of available construction documents and engineering studies followed by an analysis of a line item estimate supplied by the owner or general contractor. In addition to providing an opinion regarding the adequacy of the total budget, ACG determines if all areas of construction are accounted for financially and/or if there are any underfunded areas of construction. The process often includes a review of soil boring logs, environmental studies and site inspections of existing structures slated for demolition or renovation. ACG has completed hundreds of such reviews for project types including but not limited to: industrial complexes, commercial projects, large scale residential developments and numerous institutional, educational and faith based projects.
A list of sample projects includes but is not limited to:
Orchard Corridor Office Park: A 46.8 acre Planned Unit Development (PUD) with 235,000 square feet of Class A single story office space and 1,200 parking stalls covering 29.5 acres. 17.25 additional acres were developed into a compensatory storm water facility at the south end of the site.
West Belmont Avenue Residencies: A 72,764 SF 8 story 46-unit condo development located on a .466-acre site on the north side of Chicago.
Modern Drop Forge: A 406,284 SF industrial renovation and expansion in Merrillville, IN.
Church of Pentecost: The phased conversion of an existing 20,280 S.F. one story office building into a church
DRAW REPORTS
For over 20 years ACG has composed 1,000s of Draw Reports for nearly
every type of building and construction. All Draw Reports generally
include but are not limited to the following services:
1.
Review of all financial documents including but not limited to:
G702/703’s, applications for payments, sworn statements, schedule of
values, lien waivers, invoices, sub-contractor proposals and proof of
payments. 2. An audit of construction to date including but not limited to: a) General Conditions: Security, debris removal, temp utilities, winterization, dewatering, etc.. b) Earthwork: Excavation, cartage, soil remediation, backfill, rough & fine grading, etc.. c) Site Improvements: Utilities, curbs & gutter, paving, walks, lighting & landscaping. d) Building Shell: Foundation, superstructure, exterior wall systems/finishes, roofing, etc.. e) MEP Systems: HVAC, electrical & plumbing systems including controls and fixtures. f) Interior Work: Partitions, painting, tile, case work, doors, trim, fixtures, tops and hardware. g) Special Construction: Elevators, lifts, cranes, vaults, cold storage facilities, laboratories, etc.. h) Scheduling: Provide an opinion regarding the historic rate and estimated date of completion i) Material Storage: Inventory materials stored on site to be factored into the release of funds.
3.
Written and photographic documentation of the extent of construction to
date. A progress chart of completion may be created to document the
level of completion of each room, common area and core system. All
digital photographs will be archived for future reference.
4. Generate a Draw Report composed of the following: a) Scope Outline: A description of major areas of construction including: - Underground Utilities & Site Improvements. - Building Superstructure & Shell Construction. - MEP Systems Design. - Interior finishes. b) Executive Summary: Concise outline of construction completed at the time of inspection. c) Record Photographs: Concentrating on construction for which funds are being requested. d) Statement Review: Analysis of construction categories for which funds are requested. e) Deductions: Brief narrative of justification for fund withholding.
