
Project Completion Assurance
The Project Completion Assurance (PCA) represents a proactive strategy for addressing the inherent risks associated with construction projects. It offers a comprehensive range of fiduciary safeguards and construction oversight to effectively mitigate risks. The PCA can serve as an alternative to a bond or complement it, encompassing Partner's full suite of Construction Risk Management services (outlined below).
For construction lenders, maintaining a clear understanding of construction budgets and aligning payments with progress is paramount. In the event of significant issues, Partner's team of engineers, architects, and construction professionals stands ready to intervene promptly, ensuring corrective measures are implemented to steer the project towards successful completion within the remaining project budget.*
What's Included
Components of Completion Commitment (CC):