Loan Monitoring
What is Loan Monitoring Service?
ICPM provides project monitoring services to support borrowers by overseeing construction progress, costs, and schedules. Our independent oversight helps ensure projects remain aligned with approved plans, maintain financial control, and address potential risks proactively.
Our Experience
A Track Record Built on Precision
Results That Speak
More than one billion in completed project value, driven by accurate estimation, disciplined budgeting, and consistent delivery excellence.
Confidence Through Continuous Oversight
Projects Monitored
More than 250 projects monitored through proactive reporting, budget tracking, milestone control, and informed decision-making at every stage.
Experience Across
Canadian Banks
We have worked with over 20 Canadian banks and financing institutions supporting projects through compliant reporting, risk assessment, and lender-focused oversight.
Loan Monitoring Process
1. Budget review and planning
Pre-construction due diligence to confirm realistic and well-allocated project budgets.
2. Document and schedule review
Review and reporting of documents, schedules, cash flow, contracts, and insurances
3. Site visits and progress review
Site visits to assess construction progress and remaining costs
4. Early cost issue alerts
Early communication of potential cost overruns to all project stakeholders
With ICPM
Placed between the Lender and Borrower, it bridges the knowledge gap between lender and constructor, mitigating the Lender’s risk of over advancing funds for the project while assisting in both the Borrower and Lender to understand the concerns of each other.
- ICPM will review the project budget in consultation with the Developer and the design team to ensure that the soft and hard costs budget for the project meet the requirements of the Lender.
- ICPM will review all required documentation to ensure that all loan conditions stipulated by the lender are met.
- ICPM will verify the equity injection to satisfy the terms of the loan agreement.
- ICPM will examine the various applications from the contractor and sub-contractors for progress payments, verify them against the work actually performed, evaluate the work in accordance with the contracts, and make recommendations for the amount of such payments.
- ICPM will provide periodic draw reports to the Lender for advancing loan proceeds.
- ICPM’s staff are trained in the administration of contracts and are knowledgeable of the provisions of the Construction Act of Ontario. As such, ICPM is an appropriate choice to provide the Payment Certifier functions described by the Act.
Ready to Monitor Your Project with Confidence?
Get expert oversight, transparent reporting, and lender-ready monitoring from start to completion.