Mayer Construction LLC as either the general contractor or the construction manager has a fiduciary responsibility to the Owner to make sure that the money spent on the project is properly accounted for. When the contract is signed we prepare a Schedule of Values that will become the budget for the project. It must be accurate and complete as it becomes the key document for the approval of progress payments throughout the job.

Each month we collect the invoices from the subcontractors and suppliers and verify their correctness and accuracy. We then tabulate and post them against previous draws. All this must be done in a timely fashion. When payments are received from the Owner it is critical that they are distributed quickly to the subs and suppliers. This is fair and demonstrates good faith between all parties. As part of this process we quickly update each contract when change orders are approved and then post the modifications on the Schedule of Values. This insures that the invoices can be approved based on the most current information. Our clients can be positive that Mayer Construction will accurately track the cost of their project.