We provide project monitoring services for a number of banks, funders and financial institutions upto a value of £25m.
Our involvement starts early in the project with an initial report prepared before the funder agrees to release funds to the developer for the project.
The initial report will review such matters as planning, building regulations, construction warranties, collateral warranties, contracts, adequacy of professional team and contractors, insurances, cost review, health & safety and programme. The report will be prepared in accordance with the funder’s requirements and the RICS Project Monitoring Guidance Notes.
Once the funder has agreed terms with the developer, we would then undertake monitoring inspections on a monthly basis or as required by the developer/funder and comment on such matters as planning, building regulation issues, delays, a general overview of the standard of the construction, cost overruns, contractual matters, health & safety issues and certify the payment due to the developer.
We have undertaken monitoring instructions on a range of developments including residential, hotels, offices and care homes.