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According to the Lodging Econometrics Hotel Construction Pipeline Trend Report, Los ...
May 12, 2022
QuickDraw Fund Control
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According to the Lodging Econometrics Hotel Construction Pipeline Trend Report, Los ...
December 9, 2016
QuickDraw Fund Control
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According to the Lodging Econometrics Hotel Construction Pipeline Trend Report, Los ...
January 18, 2019
QuickDraw Fund Control
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According to the Lodging Econometrics Hotel Construction Pipeline Trend Report, Los Angeles began 2022 with a total of 120 projects and 19,815 rooms in the construction pipeline. That makes Los Angeles the most prolific spot in the country for new hotel construction, ahead of the Atlanta market, with 133 hotels and 17,593 rooms, and the New York City market, with 121 hotels and 19,303 rooms.Read more
February 28, 2022
QuickDraw Fund Control
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Stalled construction projects littered the landscape in 2020, but 2021 saw new momentum as commercial and multifamily construction starts roared back to life. According to Dodge Construction Network, the value of commercial and multifamily construction starts increased 18% from 2020 to 2021 in the nation’s top 20 metropolitan areas. Of the top 10 metros, only Washington, DC, and Los Angeles, California, posted a decline. Read more
February 17, 2022
QuickDraw Fund Control
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QuickDraw Fund Control, a leading national fund control firm that manages the disbursement of funds during construction projects, today announced the promotion of Jeremy Noble from systems analyst & software developer to vice president. Noble first worked for QuickDraw as a student. After earning his degree in computer science from Cal State University, San Bernardino and a stint in med tech, he returned to QuickDraw in April 2020 as a key team member tasked with bringing the company’s systems and technology up to date.Read more
February 4, 2022
QuickDraw Fund Control
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Sometimes, being in the fund control business means spending time in really beautiful places. That was certainly the case when QuickDraw Fund Control provided oversight for a spectacular new home being built in one of L.A.’s most desirable neighborhoods. Read more
January 19, 2022
QuickDraw Fund Control
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Hiring a fund control company is an ideal way for lenders to manage funds during a construction project and make certain that the general contractor, subcontractors and suppliers are paid quickly and accurately. Fund control provides a layer of protection between the lender and general contractor, ensuring that monies are spent at the right time and in accordance with the approved construction budget. A fund control company provides services like cost reviews and site inspections, which photo document progress, further safeguarding timely and accurate project due diligence and reporting.Read more
December 13, 2021
QuickDraw Fund Control
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A Guaranteed Maximum Price contract, known as a G-MAX or GMP contract, is a construction agreement that puts a maximum cap on the agreed upon project costs and scope of work, regardless of the actual costs incurred. G-MAX contracts shift a significant amount of risk to the shoulders of contractors while giving customers the peace of mind that accompanies a limit on cost. When a G-MAX contract is in place, cost overruns are covered by the contractor. If the project comes in under budget, the terms of who benefits are deal specific. In some instances, savings may be shared, or an acceleration bonus is incorporated as an incentive to complete a project early.Read more
December 2, 2021
QuickDraw Fund Control
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