CASE STUDY OWNER’S REPRESENTATIVE The Challenge The Solution The Solution For the Financial Institution Ensure their financial interests are protected before and during construction Cordjia Capital Projects Group acts as an independent third-party provider to ensure a financial institution’s interests are protected in new construction or renovations for which they are funding. Construction Phase For the Owner Ensure project is completed as designed, on time, and on budget We provide a variety of services through the Pre-Construction and Construction Phases that include the following: Pre-Construction Phase Our Results Effective project controls Early risk identification Appropriate (measurement) metrics Improved communication Better scope identification Continuous improvement Repeatable results Customer satisfaction “Camden National Bank is extremely pleased with Cordjia Capital Projects Group’s pre-construction review, its monthly information package, experience with large construction projects, team approach, and timely responses to requests for guidance…I have been originating construction loans for more than 30 years and there is no one better than Cordjia in these roles.” Richard Littlefield, SVP Camden National Bank Owner Information. Owner’s Total Budget, Entitlements, Owner’s Builder Risk Insurance Certificate, Reports. Contractor Information. OwnerContractor Agreement, Schedule of Values, Schedule, Insurance Certificates, Performance and Payment Bond. Consultant Information. Construction Documents, Contracts, Insurance Certificates. Payment Application Review. Review and recommend for approval and verify percentage of work complete. Sufficiency of Funds. Evaluate for the completion of the project. Change Orders. Review and verify where funding is to come from as well as overall impact. Construction Documents. Confirm record construction documents are being utilized and no substantive changes are made without the organization’s knowledge. Lien Releases. Review for project payments. Stored Materials. Confirm and document inventory. Quality Control. Perform field observations and review onsite management staffing. Select Projects Camden National Bank Portwalk Hampton Inn & Suites Portsmouth, New Hampshire 120 room Hampton Inn & Suites 2,900 square feet of ground floor retail space Machias Savings Bank Hampton Inn Lewiston, Maine 93 room Hampton Inn Indoor swimming pool, fitness center, meeting room, breakfast area Bangor Savings Bank Courtyard Marriott Portland, Maine 84,280 square foot Marriott Courtyard 19,340 square feet over 14 residential units 7,460 square feet of retail space 1 CASE STUDY “Lite” and Residential Cordjia also offers a “Lite” and Residential construction loan monitoring program. The goal of this program is to implement cost-savings project controls on projects up to $1,000,000. “I have found Cordjia to be available, accommodating, and responsive. We have always gotten requests for additional information in regards to draws in a timely manner, allowing the customer and/or contractor to provide additional information with enough lead time to always get checks cut within a week form receipt of all signed requisitions, which I know the customer and the contractors have been very happy with.” Ben Ketchen, VP Machias Savings Bank “I hope all of your know how much I appreciate your assistance. I wouldn’t attempt a construction project without Cordjia as a partner.” Steve Matteo, SVP Camden National Bank OWNER’S REPRESENTATIVE Select Projects Androscoggin Bank Munjoy Heights Portland, Maine 29 residential townhomes The First, N.A. Lincoln Academy Newcastle, Maine 54 room residential dormitory People’s United Bank Tidewater at Salisbury Salisbury, Massachusetts 210 unit Class A apartment complex 280,000 square feet Structured and surface parking The First, N.A. MDI Women’s Health Center Bar Harbor, Maine 6,192 square feet Renovation of existing building to new medical office Camden National Bank Mirbeau Inn & Spa Plymouth, Massachusetts 65,400 square foot luxury inn and spa 50 guest rooms, wine bar and bistro, fine dining restaurant, meeting space, climate controlled outdoor tent, spa The First, N.A. Ames True Value Wiscasset, Maine 13,680 square foot addition Northway Bank Shopping Plaza Portsmouth, New Hampshire Complete interior facelift work Build-out of four vacant spaces 29,060 square foot 1,265 seat movie theater 20,587 square foot in-line retail/commercial structure we don’t just deliver solutions | we lead them™ Camden, ME | Portland, ME | York, ME | Wilmington, DE 207.236.9970 | www.cordjiacapitalprojects.com 2
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