Project Monitoring & Technical Due Diligence
We have experience working with a number of Funders and Investors to advise on any risks that exist on developments; our aim is to provide an informed, pragmatic approach. Providing Funders with a view of all the development risks from the outset of acquisition, funding being reviewed through to project execution and completion.
We are pro-active and collaborative in the mitigation of risk on behalf of Funders; this not only benefits the Funder but also enhances the Borrower team with intelligence and early identification of risks that otherwise may not have been identified. This enables appropriate mitigation on behalf of both the Funder and Borrower.
We deliver independent, experienced reporting and due diligence, assessing the initial risks, then monitoring the progress, verifying monthly payment drawdowns and ensuring the Borrower is fulfilling their agreed lending terms with the Funder.
We produce an initial report that provides an independent view.
Once works commence, we produce an interim report each month. Each report updates the Funder on the progress of the development in regards to the agreed programme, contract value, any material issues, insurance position, warranty position and build quality. The report also reviews process in regards to planning and building regulation discharges and the administration of the construction Contract. The ultimate aim being to approve a substantiated monthly drawdown that reflects the progress and meets the obligations of the funding agreement.
On completion we attend site and produce a final report, we liaise with the Borrowers representative and ensure completion has been certified, and all other due diligence related to building control, warranties, defects, insurances and production of technical information is concluded.
We ensure our Clients are protected every step of the development and that an appropriate position for exit or step in by the Funder is maintained.
Our areas of expertise include:
- Development Appraisal
- Procurement Strategy
- Construction Costs
- Contingency Provision
- Cash Flow Forecast
- Programme
- Consents & Agreements
- Contract & Appointments
- Design
- Construction Methadology
- Insurances & Warranties
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