Feet on the Street – Managing Construction Risk, The #1 priority.
Why do institutional banks, private lenders, grant administrators, investors and owners engage QuickDraw’s services?
While fund control, draw inspections, processing invoices and lien waivers are all necessary to deploy capital and fund construction loan draws, at the core, our clients rely on us to help manage construction risk.
How does a fund control company effectively manage risk?
Communication – establishing relationships and the partnership approach.
“We’re on the same team and our goal is to help fund your draw request as soon as possible. If anything becomes confusing or you have questions, call us anytime” is what we tell each and every borrower and their general contractors at the start of their project. It’s not lip service, it’s the QuickDraw way. We respect everyone’s job and responsibilities and in turn, they reciprocate in kind. When information is needed and the questions become tough, we approach the discussion honestly and with humility. Conversely, we are right there celebrating the project wins, small or big, with our clients. We are fully invested in our clients’ success.
Proactivity – staying ahead of the curve.
Construction is not linear, it’s bumpy. Our data shows that 95% of projects go over schedule and 92% are over budget. It’s great and helpful to notify a client of a problem. But if it’s in the rear-view mirror and there’s no course of action available, what good is it? Our proprietary process provides our clients’ the time to arrive at a solution that works for the borrower and lender alike.
Expertise – the key that brings it all together.
QuickDraw’s founders bring over 30 years of construction and construction finance experience to every project. Our expertise enables us to quickly and accurately analyze problems and recommend solutions, resulting in project risk mitigation. One of our earliest lender clients frequently tells us “I don’t care who takes the pictures, it’s the interpretation of the pictures that matters most and is the reason we work with QuickDraw.”
If you have found this information useful but have questions, please contact me on my cell (818) 254-5823. Thank you!
– Greg Norris
QuickDraw is the go-to fund control partner for residential, commercial and industrial construction projects. From coast to coast, QuickDraw makes the fund disbursement process a positive experience for all. We provide an array of services including Fund Control, Draw Inspections, Cost Reviews and Portfolio Management.