Straight answers about the construction fund-control process.
Understand SME Development’s role in draw administration, reporting, and project oversight.
What is construction fund control?
Construction fund control is an administrative oversight process used to help manage and document construction loan disbursements against approved budgets, submitted support, and project progress.
Who does SME Development work with?
SME Development works with construction lenders, private lenders, borrowers, developers, and contractors on residential and commercial projects.
Does SME Development approve construction loan draws?
SME Development can provide a funding recommendation based on administrative review and visible progress observations. The lender retains final funding authority.
What documents are typically reviewed?
Depending on lender requirements, a draw package may include invoices, payee schedules, budget information, change orders, lien releases, preliminary notices, and other supporting documents.
Does fund control replace an architect, engineer, or code inspection?
No. Fund-control observations are for construction disbursement purposes and are not architectural, engineering, code, safety, workmanship, or warranty certifications.
Where does SME Development provide services?
SME Development focuses on residential and commercial construction projects throughout California.