Construction Payment Inspection
For customers requesting loans for project development or construction, the disbursement can be referred to the first valuation report which the key points of the inspection are first, to confirm that the building is located on the collateral land which the client will submit As Built plan of the building location that has been approved as stated in the deed. Second, to see if there is a change in the size of the building. Lastly, to see if there is any change regarding the material and equipment as these factors will affect the collateral Value.
The required documents in construction payment inspection are As Built plan which shows the layout of the building, and the report from the engineer who supervises the construction.