For clients making SBA loans, or for construction projects where contractor risks are greater than normal, CDCC offers an extension of their Construction Monitoring Services known as Funds Disbursement. Many contractors who perform smaller projects are not in a position to be bonded by a reputable company. In these cases, having CDCC perform the function of disbursing funds to individual subcontractors and suppliers creates detailed and secured control of project expenses, lien release processing, contract review and budget tracking. CDCC writes the checks directly to the subcontractors and suppliers from funds deposited into a special construction account controlled by the bank.

• Pre-construction meeting with Contractor, Bank, Borrower and CDCC to cover documentation requirements
• Receipt and analysis of Funds Disbursement documentation from Contractor
• Monitoring of Construction Subcontracts and Purchases in relation to Construction Budgets and the Applications for Payment
• Visit to the Construction Site by a Trained Professional
• Review and Analysis of each Payment Application
• Computer Analysis of the Contractor's G702/3 Continuation Sheet for:
  • Budget Revisions or Corrections
  • Change Orders
  • Adequate Funds to Complete the Work
  • Calculation and Transcription Errors
  • Percentage of Completion of each item
  • Retainage Errors, Releases, or Revisions
  • Stored Materials (on and off site)
  • Proper Funding Credits to Subcontractors and Suppliers
  • Coordination of Funding among Bank, Owner and Contractor
  • Required Signatures and Approvals
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