IRVINE, CA-Lenders take an enormous risk in extending construction loans to developers. Third-party construction management consultants can lower that risk by acting as the lender's eyes and ears during the construction process. Terry Dungan, client manager in construction risk management in the Irvine office of Partner Engineering and Sciences, explains the nature of his business.

GlobeSt.com: Terry, what is the focus of your department?

Dungan: Our task is to analyze and monitor a construction projects for our lender clients. Partner Engineering has the comfortable position of standing between the borrower and General Contractor on one side and the lender on the other. We work with the lender, borrower and contractor to help make sure the project can be completed to all specifications meet and that documentation is accurate and submitted on time.