Construction Services

• Establish construction team with construction superintendent, on-site staff and sub-contractors needed.
• Finalize construction costs and schedules.
• Coordinate with area consultants, i.e. engineers and surveyors.
• Coordinate with agency representatives on permit compliances.
• Review construction procedures.
• Complete golf course construction service by staff personnel or supervised sub-contractors including:
  • Golf course staking.
  • Clearing and grubbing.
  • Erosion and sediment controls.
  • Earthwork and shaping.
  • Lake construction.
  • Feature construction (greens, tees, bunkers).
  • Wetland mitigation.
  • Cart paths, bridges and bulkheads.
  • Finish grading and grassing preparation.
• Coordinate weekly construction status meetings with contractor representatives and architect representatives with associated report to owner.
• Institute a field log system to record all significant field activity, change orders, disbursement requests, etc.
• Coordinate throughout project with architect or architect’s representative to ensure efficient movement of dirt, reasonable control of change orders and a finished product that will not be cost prohibitive to maintain.
• Preparation of a complete equipment list and depreciation schedule.
• Coordinate with architect and contractors on construction of clubhouse, cart barn and maintenance building.
• Develop a punch list for each area of course construction and supervise the completion in accordance with contract specifications.
• Development of grow-in budget.
• Preparation of all facilities and inventories for opening of the golf course.

Signet offers complete accounting services during construction to closely monitor construction progress in relation to budget including:

• Implementation of purchase order and receiving verification systems and procedures.
• Accounting for all invoices and the allocation to appropriate cost centers (to maximize tax benefits).
• Cash disbursements processing and procedures.
• Payroll processing and allocation.
• Accounting detail of fixed assets and depreciation calculations.
• Compilation of monthly financial statements.

Monthly reporting services to the investors, financing institutions and federal and state taxing authorities include:

• Monthly financial reporting.
  • Summary of revised estimated actual cost to complete the project compared to budget, by cost center and in total.
  • Monthly written project status report to accompany the financial statements, which discusses construction progress in relation to budget and the construction schedule and any other financial concerns that need to be reported.
  • Presentation of monthly financial statements including:
    • Balance Sheet.
    • Statement of Cash Flow.
    • Statement of Operations.
  • Revised construction schedule by cost center, which shows critical completion dates.
• Coordination of monthly draw request with financial institution or investor representative.
  • Preparation of monthly draw request in summary and detail by cost center.
  • Submission of a copy of each invoice and contract supporting the detail of the draw request.
  • Respond to and resolve bank concerns regarding the draw request in order to have monthly disbursements made.
• Tax reports to federal and state taxing authorities.
  • Preparation and submission of monthly, quarterly and annual payroll tax reports.
  • Preparation and submission of property tax reports.