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Development Monitoring


Our role is to act as an independent monitor for a party that has a direct interest in the successful completion of a project, but who has no direct control over its delivery. We coordinate with lenders, their lawyers and valuers at every stage of a development ensuring they have a good understanding of the construction aspects of a project in order to weigh up the risks that might have an impact on their loans. Our Development Monitoring experts advise when costs can be drawn down against the loan facility, and on the adequacy of the remaining undrawn loan to cover the forecast cost to complete. Every project is led by one of our senior employees from our highly experienced dedicated team who have exceptional understanding of funder requirements.

Our service includes:

Risk identification and recommendations for mitigation and management

Initial report and ongoing progress reporting providing commentary, and independent opinion and recommendations

Cashflow Analysis to allow for a more accurate spending schedule

Verification of expenditure and approval of drawdowns

Early warning of potential issues and recommendations for resolution

Ongoing financial reporting to keep track of project status

Review of distressed projects and recommendations of recovery strategies