GC Pay ApplicationApplication #5 · May 2024
Construction Loan Monitoring, Rebuilt
Construction loan monitoring.
Working all month.
Brdg is the AI-powered operating system for construction finance, turning scattered project documents into reconciled budgets, accurate draw calculations, and lender-ready reports.
Invoice PackageMay 2024
Statutory DeclarationSigned May 12, 2024
Lien WaiversDraw #05
Riverside Office Building● Active DrawProject No. 24-017 / Central Properties⌄Draw #05
Riverside Office Building
● 18 of 20 items reconciled90%
✓Document Review2Budget Reconciliation3Draw Calculation4Report
Current Claim$975,000
Recommended$942,500
Holdback (10%)$94,250
Net Advance$848,250
COST CODEBUDGET DESCRIPTIONCURRENT BUDGETPREVIOUSLY CERTIFIEDCURRENT CLAIMRECOMMENDED
03 30 00Cast-in-Place Concrete$1,250,000$625,000$312,500$300,000
05 12 00Structural Steel$980,000$490,000$245,000$245,000
07 21 00Thermal Insulation$320,000$160,000$80,000$80,000
08 14 00Wood Doors & Hardware$180,000$90,000$45,000$45,000
09 22 16Non-Structural Metal Framing$410,000$205,000$102,500$102,500
26 05 00Electrical$760,000$380,000$190,000$190,000
Every new draw.
The same tasks, again and again.
Project information is scattered across inboxes, folders, spreadsheets, and reports. Your team spends hours finding it, checking it, and entering it into the next step of the draw.
How it works
From project documents
to draw-ready reports.
Email or upload your documents.
Brdg extracts the details and links them to their source.
Email
documents
ordocuments
Upload
files
files
Construction Budget.xlsx482 KB
Loan Agreement.pdf1.2 MB
GC Contract.pdf3.1 MB
Invoice Package.zip8.4 MB
Lien Waivers.pdf1.1 MB
Sunset Heights
Project workspace
Project details
- Borrower
- Sunset Heights Development Inc.
- Project type
- Rental · New construction
Financial overview
- Loan amount
- $18,500,000
- Project budget
- $24,800,000
- GC contract
- $19,200,000
Illustrative project data.
The documents come in. The issues stand out.
Your team reviews the flags and decides what comes next.
Payment Application #05
Project: Sunset Heights
Period: September 2026
| Code | Description | Budget | To date | Flag |
|---|---|---|---|---|
| 01 00 | General conditions | $80,000 | $40,000 | |
| 02 00 | Sitework | $120,000 | $90,000 | |
| 03 10 | Formwork | $180,000 | $125,000 | Missing waiver |
| 03 30 | Concrete | $300,000 | $312,500 | Over budget |
| 04 00 | Masonry | $150,000 | $60,000 | |
| 05 00 | Structural steel | $200,000 | $100,000 | |
| 16 00 | Electrical | $160,000 | $45,000 | |
| 15 00 | Plumbing | $140,000 | $50,000 |
Sunset Heights
Intelligent review
Concrete over budget
+$12,500$312,500 to date · $300,000 budget
Formwork waiver missing
Waiver not received from formwork subcontractor
Other items reconciled
Matched against project documents
Illustrative project data.
A live budget. A clear trail behind every number.
Every invoice, contract and holdback. Connected to your live budget.
Project Budget
| Budget item | Revised budget | Contracts issued | Work complete | Holdbacks |
|---|---|---|---|---|
| 02 Excavation | $800,000 | $760,000 | $380,000 | $38,000 |
| 03 Concrete & formwork | $400,000 | $400,000 | $450,000 | $45,000 |
Invoices · 3Contracts · 1HoldbacksWaivers · 2 Work complete $450,000
Invoice #003 added Cumulative work exceeds budget by $50,000 | ||||
| 04 Masonry | $400,000 | $380,000 | $95,000 | $9,500 |
Your draw, calculated. Your report, connected.
Automatically calculate your draw recommendation and build reports your way, with custom variables linked to the latest data in your project documents.
Draw calculation
- Work complete
- $11,742,851.18
- Net holdbacks
- −$72,721.34
- Required equity
- −$7,793,117.58
- Prior disbursements
- $0.00
Recommended advance$3,877,012.26
Construction monitoring
Riverside Commons
Construction Draw Report
Draw 05
- Reporting period
- May 1–31, 2024
- Prepared for
- Construction lender
Project progress
Work remains on track with the approved schedule. Structure and envelope are substantially complete, and interior build-out is progressing as planned.
Site observations
Recent site visit confirms active trade presence, good site organization, and no material issues noted at this time.
Reviewer commentary
Documentation supports the current stage of completion. Continue to monitor interior finishes and landscaping in the next period.
Built for the people
managing construction capital.
01
Cost Consultants
More mandates.
Less admin.
Spend less time reconciling documents and assembling reports, and more time on the review that needs your expertise.
02
Real Estate Developers
Keep your next
draw moving.
Keep budgets, contracts, and draw submissions connected so your consultants and lenders have what they need.
03
Lenders & Credit Unions
Clarity before
every release.
Review the recommended advance alongside project financials and supporting evidence, with discrepancies brought into view.
Already part of the process.
“Brdg turned a manual, spreadsheet-driven process into a structured system that actually prepares the project for financing. The time required to build detailed cash flows was cut in half, and ongoing maintenance is minimal. It's become a core part of how we get projects lender-ready.”
“Brdg has made our construction draw process much simpler by consolidating all documents and information in one place.”
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The team
Built by people who know the work.
Our team brings together experience in construction, development, finance, and software engineering, with firsthand knowledge of the work behind every draw.
Co-FounderNess Cabessa
B.Eng, Civil Engineering
Co-FounderSamuel Brand
B.Comm, Finance
Co-FounderDaniel Bensoussan
B.Eng, Software Engineering
Founding EngineerChad Spector
B.Eng, Software EngineeringTime & savings calculator
Less draw admin.
More time for your projects.
See what a simpler draw process could mean across your portfolio.
Your projects. Your workload.
Illustrative inputs. Replace with your own.
Include document collection, financial updates, submission preparation, and follow-up. Count combined team hours once.
Check your inputs. Projects: 0–1,000 whole numbers; draws/month: 0–31; current hours: 0–500; target hours: 0.5–500; annual salary: $0–$2,000,000.
Your potential annual savings
1,650hours saved per year
$79,327CAD / year · value of that time
5.5 fewer admin hours per draw
8 hours → 2.5 hours · 68.8% less admin time
Estimated value of team time freed, not guaranteed cash savings. Before Brdg fees; pricing is customized.
Disclaimer & calculation details
Illustrative scenario, not measured Brdg performance or guaranteed savings. Assumes this workload continues for 12 months. Dollar value is annual hours saved × (average annual salary ÷ 2,080), not additional revenue. Excludes benefits, overhead, Brdg fees, and implementation costs; this is not net ROI.
How this estimate works
Annual hours saved = active projects × draws per project per month × (current hours − target hours) × 12. Estimated hourly salary = average annual salary ÷ 2,080, assuming 40 hours per week × 52 weeks. Annual time value = hours saved × estimated hourly salary. Use the average salary per person, not the total team payroll; the admin hours already count combined team time. Cash savings depend on reducing actual expenses, such as overtime or outside support. This measures team effort, not days removed from a project or funding timeline.
Let’s validate the potential
for your team and projects.
FAQ
A few questions.
Clear answers.
How Brdg fits into your team’s work, from the documents you already use to your next draw.
We already use Excel. Why would we need Brdg?
Excel handles the spreadsheet. Brdg connects it to the documents and work behind each draw, helping your team spend less time finding information, re-entering numbers, and assembling reports.
What types of reports are available?
Start with Brdg’s standard templates or build fully custom reports using a live library of project data. Any data point in the system can be used as a report variable, including standard fields and custom fields you’ve added, keeping your reports connected to the latest project information.
How can we verify where a number came from?
Brdg links extracted information back to its source document, so your team can check the supporting evidence instead of searching through folders and attachments.
What happens when documents are missing or numbers don’t match?
Brdg brings missing items and discrepancies into view so your team can investigate before completing the draw. Your reviewers decide how to resolve them and what to recommend.
Does our whole team need to change how they work?
You can start with the people preparing and reviewing draws, using the project documents your team already produces. We’ll map out how Brdg fits into your process during the demo.
How does Brdg help us prepare for our next draw?
Brdg keeps your budgets, contracts, invoices, and supporting documents connected, helping your team assemble the submission and respond to requests from consultants and lenders. You can see what’s missing or needs attention before submitting.
Can Brdg help us handle more mandates with the same team?
Brdg reduces repetitive work in document collection, budget reconciliation, and report preparation, freeing up time for professional review and additional projects. How much capacity you gain depends on your workload and process.
How is pricing determined?
Pricing is customized to your team, project volume, and workflow. We’ll discuss your needs during a demo and provide a tailored quote.