Construction Finance
Independent Assessment of Work Completed.
ATR assesses construction progress claims against the available evidence, visible site progress, contract information and the agreed reporting scope.
Service Overview
Progress Claim Assessments
A progress claim assessment helps a client, lender or project team understand whether the amount claimed is supported by the work completed and the available project information. The assessment can also identify variations, deposits, incomplete substantiation and cost-to-complete issues that affect the payment decision.
When an Independent Claim Assessment Helps
- A monthly builder claim requires independent assessment.
- A lender drawdown needs verification of work completed.
- The claimed percentage does not appear consistent with visible progress.
- Variations, deposits or stored materials need to be considered alongside the base contract works.
Evidence and Information We Check
- Builder claim and claim breakdown
- Contract sum, trade breakdown and previous certified amounts
- Site inspection observations and progress photographs
- Variations and approved / pending change
- Deposits, off-site materials and supporting evidence where relevant
- Previous payments, retention and other contractual adjustments
- Remaining work and cost-to-complete considerations
What the Assessment Supports
- Assessed value of work completed
- Recommended progress payment / drawdown amount
- Clear reasons for material adjustments
- Identification of items pending substantiation
- Commentary on variations and remaining exposure where included in scope
- A concise record of the assessment basis
Discuss This Service
Discuss a Progress Claim
Send ATR the project stage and information currently available. We can confirm the scope and information needed for a useful first discussion.