I haven't submitted for review in a very long time. Could someone confirm if the "anticipated return date" after my preliminary review is a hard date or just a recommendation? It will take longer than 9 days to get all our clarifications ironed out.
Do I need to formally submit for an extension or do I just respond in a few weeks when our response is ready?
Thanks!
Kristina Bach
VP of InnovationSustainable Investment Group
151 thumbs up
February 12, 2013 - 1:52 pm
If you're preparing your clarifications to a Preliminary Review (design, construction or standard), the period to provide clarifications is 25-business days. Generally you do not need to request an extension to that time as reviewers won't do any work/look at the project again until you resubmit for the Final Review (design, construction or standard). If you're going to be delayed submitting for the Final Review for an extreme period (50+ weeks for example), I would probably contact GBCI just in case.
HOWEVER ---
If you received a Mid-Review Clarification Request, it is imperative that you respond to that request noting that you will need additional time to collect the necessary information. These requests are sometimes sent during the review process and there is a 10-business day window to provide the necessary clarifications. This deadline is more firm as these clarification requests only temporarily pause the review process. If you fail to acknowledge the clarification request and ask for additional time, reviewers could re-start the review when the 10-days are up, finish and return the review without the requested information (so then you would lose the opportunity to provide the necessary clarifications and potentially be forced to appeal if you really needed the credit). If this applies to you --- to request the additional time, you should respond to the Mid-Review Clarification request in the same manner you received it and make sure to include the date when you anticipate being able to provide the necessary documentation (i.e. respond either via the Messages Tab in LOv3 or via an email for a LOv2 project depending on how you received the clarification request). That way the specific review team handling your project will know when they can expect the information and will not start working again on the review too early/return it before you provide the information.
Hope that helps! I threw in the Mid-Review Clarification stuff as you mentioned a 9-day deadline which is more in keeping with the 10-day deadline for those than with the 25-day "deadline" for general Preliminary Review clarifications. If those were the clarifications you were working on, I wanted to make sure you knew that you should definitely send in the request for an extension to avoid having your review finalized without the requested clarifications.