Progress & Draw Inspections
A site visit for each pay application, with percent complete documented line by line.
- Work in place vs. amount requested
- Stored materials and change orders noted
- Recommended release amount
Construction Draw Inspections for Commercial Lenders
Every Draw, Verified in the Field.
Independent draw inspections and cost reviews for commercial lenders. We walk the site, check the pay application against work in place, and send you a clear funding recommendation with photo and drone documentation.
35years in design and construction
300+draw inspections completed
50+lender-funded projects
$130M+in construction value monitored
Services
Eyes on the Job for the People Funding It
Our background is engineering, architecture and construction administration. We put that to work for banks so every dollar released matches what is actually built.
Cost Plan & Budget Review
Before the loan closes, we review the budget, plans and schedule of values for gaps and red flags.
- Budget reasonableness by trade
- Missing or unclear scope
- Contingency and soft cost check
Photo & Drone Documentation
Every report carries captioned site photos, plus aerials that show the whole site at a glance.
- Captioned photo log every visit
- Drone aerials for site and roof work
- A visual record from slab to closeout
The deliverable
A Report Your Loan Officer Can Act On
Each Project Observation Report answers one question plainly: does the work in the field support this draw?
- Our professional opinion of percent complete, stated in dollars and percent
- A draw analysis reconciling the schedule of values, prior fundings and retainage
- Qualitative comments on major scope advances and anything we could not substantiate
- A captioned photo log with drone aerials
Project Observation Report
In my professional opinion, based on my review of the progress to date, the construction progress is for $1,677,423 of a total value as scheduled of $3,049,800, or 55% of construction.
| Line item | Scheduled | % Complete | |
|---|---|---|---|
| Sitework & utilities | 412,800 | 92% | |
| Concrete / slab | 548,200 | 100% | |
| Pre-engineered metal bldg | 1,026,500 | 61% | |
| MEP rough-in | 684,900 | 18% | |
| Finishes | 377,400 | 0% |
Recommended release this period$186,240
Sample excerpt. Figures illustrative; project details anonymized.
How an engagement runs
From Loan Closing to Final Draw
Document Review
We take in the plans, budget, contract and schedule of values, and flag issues before the first dollar goes out.
Site Inspection
When a pay application comes in, we visit the site and document work in place, stored materials and changes.
Report & Recommendation
You receive the observation report with draw analysis, photos and a recommended release amount.
Closeout
We continue each draw through substantial completion, retainage release and the final walk.
Recent work
Projects We Have Inspected
A selection of lender-funded projects we monitored from groundwork to completion. Client and borrower names are withheld.
Also on Our Project List
Assisted livingQuick-service restaurantsFuel & convenienceSelf-storageDuplexesSubdivision infrastructureDental & medical officesLaw officeWarehouse renovationFitness studioOffice complexStrip retail
Where We Work
Projects across Texas, from our offices in Tyler and Austin.
About NCM
Built on 35 Years in the Field
Newman Construction Management is a construction management and consulting firm with offices in Tyler and Austin and 35 years of experience across engineering, architecture and construction administration, including general contracting on municipal, state and school district work.
Today our core work is third-party monitoring for commercial lenders. Most of our work comes from long-standing lender relationships built on accurate, on-time reporting.
Questions
Frequently Asked Questions
What is a construction draw inspection?
A draw inspection is a site visit made before a lender releases construction loan funds. We compare the contractor's pay application against the work actually in place, document it with photos, and give the lender our opinion of percent complete and a recommended release amount.
What does your inspection report include?
Each Project Observation Report includes our professional opinion of percent complete in dollars and percent, a draw analysis reconciling the schedule of values, prior fundings and retainage, comments on major scope advances and any items we could not substantiate, and a captioned photo log with drone aerials.
Where do you provide draw inspections?
We inspect projects across Texas from our offices in Tyler and Austin, Texas.
What types of projects do you inspect?
Commercial and multifamily projects, including apartments, hotels, auto dealerships, medical offices, retail, office buildings, industrial and warehouse facilities, churches, townhomes, self-storage, restaurants and subdivision infrastructure.
Do you review budgets before a loan closes?
Yes. Our cost plan review looks at the budget, plans and schedule of values before closing to flag missing scope, unreasonable line items, and contingency or soft cost gaps.
Who hires Newman Construction Management?
Commercial banks and other construction lenders hire us as an independent third party to verify construction progress before each draw is funded.
How do we start an engagement?
Call 903-780-6777 or email gnewman@newmancm.com with the site address, loan amount and project budget, construction contract and schedule of values, plans and specifications, and the expected date of the first draw.
Contact
Have a Construction Loan Closing?
Call or email and we will scope the engagement and send a proposal.
Phone903-780-6777
Emailgnewman@newmancm.com
Tyler Office
613 Shelley Park Plaza, Tyler, TX 75701
Austin Office
111 Sandra Muraida Way, Austin, TX 78703
Hours
Mon–Fri, 8 a.m. – 5 p.m.
To Get Started, Send Us
- Site address
- Loan amount and total project budget
- Construction contract and schedule of values
- Plans and specifications
- Expected date of the first draw
Don't have everything yet? Send what you have and we will start with a cost plan review.