"AXIOM strive to either eliminate or
minimize project risk at the earliest possible stage"
AXIOM Cost Consulting is dedicated towards providing construction risk advice to lenders and financial institutions. Through a combination of both our teams experience and local knowledge in Western Canada, we understand the complex risk positions and relationships between the lender, the borrower, and the contractor. One of our primary goals is to ensure the Lender is fully aware of each project-specific risk throughout all stages of the project.
Our preliminary and monthly reports are laid out to illustrate both the detail and the ‘high-level’ changes in an easy to understand format. Through a series of monthly checks and review of critical project drivers in each report, we strive to either eliminate or minimize project risk at the earliest possible stage.
Terms of Reference
AXIOM have developed a water-tight Terms of Reference which is used at a standard for most projects ranging from $1m to $100m. However as we recognise each project and each lender is unique, AXIOM can tailor bespoke Terms of Reference that best suit the requirements for both the lender and the borrower. This is particularly the case for projects in excess of $100m where often a syndicate of lenders may have different requirements on how they want the project monitored.
AXIOMs standard Terms of Reference generally cover:
Costs To Complete
Loan Draw Calculations
Sales and Leasing Review
Construction and Change Order Review
Regulatory and Environmental
Technology / Resources
To strengthen security, the AXIOM cost planning and loan monitoring teams work in tandem with each other to ensure the final construction budget does not exceed the financing budget amount. Through a series of checks from drawings, specifications, and/or BIM models, the AXIOM team can ensure the proposed development budget and schedule is reasonable for your project. The team can also quickly respond to changes in the market and advise on the best action should market fluctuations impact upon your project.
AXIOM achieves the above services through a combination of experience, modern technologies, and best-practice processes. Whilst AXIOM will always strive to develop their technologies and software to increase productivity and reduce fees, there is no substitute for old-fashioned methods of project review. Positioning ourselves at this intersection of modern technology and old-fashioned wisdom leverages the best results for your project.
Loan Monitoring Sectors
Commercial IndustrialResidentialSMALL PRIVATE HOMES Retail
Mixed-UseLEISURE AND ENTERTAINMENT Education Land Servicing
Suite 410, 999-8th Street SW, Calgary, AB T2R 1J5, Canada | 403.775.7659 Suite 3400, 10180-101st Street, Edmonton, AB T5J 3S4, Canada | 780.238.0332
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