Draw Inspection/ Construction Progress

[DPBasinApp]

I have been asked to do a "draw" inspection which I assume is the CPIM or Construction Progress Inspection Report. My assumption is I repeat the numbers in the pre-populated column after each inspection until they add up to 100% complete. Can someone confirm this or give any tips to filling out the form? What type of commentary is needed in this report? P. S. I've already completed an "as is" and ARV of the subject.

Appreciate any advice.

 

[J Grant]

Haven't done one in ages, but as a I remember the form guides you - fill out and check off what portion of work has been completed as of X date - and if it asks the $ amount then fill it in.

 

[Terrel L. Shields]

What vendor form are you using from whom? There are a lot of different forms by contractors and I assume vendors for appraisal software. Normally you are trying to estimate the percentage done after each draw.

Old thread on Alamode

Thread 'Construction Inspection Report'

Sep 24, 2007

Anyone have one of the Construction Inspection Reports (for residential construction) in a .pdf format?

I used to have one that had a running total that would add up to 100% completed and it had columns for 1st, 2nd, 3rd and so on inspections. In ACI, the closest thing I've found is eAIT Construction Inspection Report. I only have it available as a demo - can't use it without shelling out more money. Not in the mood to do that today, so I'm going to recreate it in excel and if you would like I'll email the finished product back to you.

Thanks,
Rob Lentz
CG-Michigan

• Rob Lentz
• Replies: 1
• Forum: Urgent - Help Needed

 

[sputnam]

I have been asked to do a "draw" inspection which I assume is the CPIM or Construction Progress Inspection Report. My assumption is I repeat the numbers in the pre-populated column after each inspection until they add up to 100% complete. Can someone confirm this or give any tips to filling out the form? What type of commentary is needed in this report? P. S. I've already completed an "as is" and ARV of the subject.

Appreciate any advice.

Sorta. You observe the property and enter the percent for the items completed. If something is partially complete, you might enter less than the scheduled percentage for that item. You probably don't need to make any comments at all. You need to include photographs... and of course, your invoice.

 

[Tom D]

I won't do a draw, to much thinking about percentages and trying to figure out if that amount was done.

 

[Flakey]

Just ask the builder. I'm sure they will be glad to help you out.

 

[Tom4value]

I have been asked to do a "draw" inspection which I assume is the CPIM or Construction Progress Inspection Report. My assumption is I repeat the numbers in the pre-populated column after each inspection until they add up to 100% complete. Can someone confirm this or give any tips to filling out the form? What type of commentary is needed in this report? P. S. I've already completed an "as is" and ARV of the subject.

Appreciate any advice.

Wow, that is “old school”! I haven’t done that form in years since the lender fills out their own draw based on my inspection. All my clients are fine with a 1004D and state the work done with photos. Did the client specify the form? If not, you might want to recommend i.

 

[sputnam]

I won't do a draw, to much thinking about percentages and trying to figure out if that amount was done.

Draws are great $. Once you've done a few, they don't take much time.

 

[Flakey]

Did one lately. Used to do a lot of those. If you did the original appraisal, draw inspections are an excellent time to measure the structure and compare it to the plans. Also, check what you see against the specs provided.

 

[J Grant]

Draw inspections are often ordered for construction loans, when the loan proceeds are released in phases—20% of the work done gets X $ released, a month later if 40% of the work is done then XX$ gets released, and so on until the house is completed.