T.BIM offers comprehensive Loan Monitoring services tailored to meet the needs of banks and financial institutions. Our services encompass meticulous project progress assessments and cost audits to ensure transparency, accountability, and risk mitigation throughout the construction process.
I. Project Progress and Cost Audits
Our independent assessment evaluates various aspects of the project’s progress and financial position, including:
- Verification of project status based on the value of work completed
- Analysis of the financial position of the construction project, comparing the value of work executed to the loan draw-downs received
- Auditing of the cost required to complete the project
- Viability appraisal of the anticipated total construction cost and proposed bank loan commitment, along with the payback period.
II. Draw-down Certifications
We provide draw-down certifications to banks to ensure that project loans are effectively channeled and utilized appropriately. Our certifications include:
- Total project cost and anticipated total project cost
- Value of work completed to date and its balance
- Total disbursement from draw-downs made to date
- Verification of the sufficiency of the loan facility balance to fund remaining work
- Recommendation for the amount of draw-down to be
At T.BIM Group, we prioritize transparency, accuracy, and compliance in our Loan Monitoring and Cost Audit services. Our rigorous assessments and certifications provide banks and financial institutions with the assurance they need to manage risks effectively and make informed lending decisions.