Construction Loan Monitoring

NPS Consulting, founded in 2025 by Paul Soughley, helps protect banks, lenders, and financial institutions from the inherent risks associated with construction lending. Our services include plan and cost reviews, construction loan inspections, and funds control, ensuring that capital is released responsibly and projects progress with accountability.

With over 40 years of executive-level construction management experience, NPS brings a practical understanding of jobsite dynamics, budgeting pressures, contractor performance, and real-world risk factors that standard paperwork alone cannot reveal.

Understanding Construction Loan Risks

Construction lending risk typically falls into three key categories:

  1. Overfunding work that is not yet complete

  2. Continuing to fund projects facing delays, mismanagement, or poor workmanship

  3. Paying for work when subcontractors or suppliers have not been paid

NPS Consulting Services works proactively to identify and mitigate all three.

Paul has overseen projects from $150K tenant improvements to $75M+ commercial builds, across sectors including:

  • Office & industrial

  • Retail & educational

  • Single- and multi-family residential

  • Healthcare & laboratory facilities

  • Religious, manufacturing, and infrastructure improvements

Our clients include both private and public lenders engaged in new construction and complex renovations.

Our Key Services

Plan & Cost Reviews

Before construction begins, we help lenders evaluate project feasibility and financial exposure by reviewing

  • Draw schedules and cost breakdowns to verify realistic, market-based pricing

  • Plans and specifications to confirm constructability and alignment with intended scope

  • Contract terms and protections, including bonding, insurance, payment terms, and storage policies

We analyze the Three Cs of Construction:

Cost — Confirming funding requests are appropriately allocated and proportional

Constructability — Ensuring documentation supports efficient, error-free execution

Contingency — Evaluating allowances based on risk, scope, and site conditions

These reviews help prevent cost overruns, delays, and disputes before they occur.

Construction Progress Inspections

During construction, NPS performs recurring site inspections to ensure:

  • Work invoiced is installed, functional, and meets specifications

  • Quality and craftsmanship meet industry and contractual standards

  • Change order requests are fair, necessary, and appropriately priced

We inspect structural, architectural, mechanical, electrical, and plumbing components, and verify off-site stored materials when required.

Our documentation supports confident, timely funding decisions while protecting the lender’s collateral.

Construction Funds Control

Funds control ensures subcontractors and material suppliers are paid promptly and properly. When engaged:

  • NPS tracks and verifies vendor payout requests

  • We confirm proper lien releases and affidavits

  • Payments are made directly to trades and suppliers

This process prevents mechanic’s liens and reduces reliance on costly payment and performance bonds.

Our cloud-based reporting enables rapid turnaround on funding recommendations—so lenders maintain both speed and certainty.

Proven Experience, Trusted Oversight

NPS Consulting Services delivers a level of oversight built on decades of senior-level responsibility in construction operations, risk management, and project delivery. Every engagement is led directly by Paul Soughley, ensuring:

Executive expertise on every project

Clear, prompt communication

Real-world insight that identifies issues early

Strong protection for lender and investor capital

Whether you are financing a first-time developer or managing a large commercial lending portfolio, NPS safeguards your investment from planning to final closeout.