Working on behalf of clearing banks, challenger banks and boutique lending organisations, we act as an independent monitoring surveyor on developments projects.
Our established and experienced team has monitored developments ranging from relatively modest loans/schemes to large-scale, landmark projects both in the UK and Europe, and across a number of sectors including: residential (including flatted schemes, super prime houses and housing estates); hotels (boutique and budget); student accommodation; office; industrial; and educational.
Our experience in development monitoring, backed up by the fact that a number of our monitors have managed construction projects in their own right, means that we are adept at anticipating, identifying and addressing potential problems and risks (such as specification compliance, quality, cost over-runs and programming). Our monitoring team is also able to draw on our in-house expertise where specialist input is required using our MEP services engineers, sustainability and energy experts, and party wall and rights of light experts. This ensures that risks are identified and positively mitigated or controlled before they become major issues, thus avoiding unnecessary delay and cost.
We are flexible and tailor our development monitoring service, reporting methods and formats to suit our clients’ specific needs. We make the time to talk to our clients and their customers to identify what the real drivers are behind their involvement. We work hard to ensure that we are not viewed as obstructive to the overall process, but rather as development facilitators while continuing to put our clients’ interests first.
As independent experts, our focus is to ensure that our clients understand their risk exposure when considering lending into development projects and, thereafter, to closely monitor to ensure that the loan criteria and covenants are complied with.