Nova Group Pacific provides independent Construction Loan Monitoring (CLM) services that help lenders, developers and trustees maintain confidence in the execution of funded building and development projects. Our experienced team verifies progress, cost conformity and regulatory compliance in accordance with contract obligations and financing frameworks.
Construction and redevelopment projects involve significant capital, schedule risk and complexity. Without rigorous monitoring:
Our CLM approach is built on transparency, precision and regulatory alignment:
Define project, budget, timeline, key milestones, documentation and reporting expectations.
Review contract documents, approved drawings, budgets, specifications, and draw-down schedule.
Conduct periodic site visits, progress photography, milestone assessment, budget tracking and variation log.
Prepare structured monitoring reports for funders or stakeholders, flagging risks, confirming valid draw-downs, and recommending control actions.
Upon project completion we verify final scope, cost reconciliation, defects list and certify milestone closure for funders or trustees.
Our specialists are ready to guide you through every stage of your project—from initial assessment to final execution. Get expert advice that ensures safety, efficiency, and long-term performance.
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Our FAQs are designed to provide clear, concise answers to common questions, helping you better understand our approach, services, and how we support projects from initial assessment through to delivery.
CLM provides independent oversight of construction and development projects to ensure progress, cost and quality align with loan and contract terms. Nova Group Pacific verifies works against draw-down schedules, budgets and BCA/NCC compliance requirements.
It protects against cost overruns, delays and non-compliance by ensuring funds are released only for verified progress. Effective CLM safeguards capital, maintains lender confidence and keeps projects on schedule and within budget.
Ideally, monitoring starts before the first draw-down — at contract execution or funding approval — so a clear baseline of cost, program and scope is established from day one.
Each report summarises project progress, milestone verification, budget variance, compliance findings and a risk dashboard. It provides a clear recommendation on draw-down approval and highlights any corrective actions required.
Site inspections are typically performed monthly or at each funding milestone, depending on project scale and lender requirements. Frequency can be tailored to risk profile, construction complexity or loan structure.
Beyond verifying draw-downs, we provide early warning on emerging risks — program delays, cost pressures or quality concerns — helping lenders and developers act proactively. Our integrated environmental and technical expertise also supports projects with complex compliance needs.
Whether you're early-stage or ready to build, this tool helps you work out what reports you need — and how to bundle them into a single site visit.
Fast. Free. Custom to your stage.
We provide sustainable contaminated land, remediation, and geotechnical consulting services across Australia.
