Project summary
- Independent Monitoring Surveyor Services associated with a development comprising 36no. timber framed bungalows
Solution
- Provision of Independent Monitoring Surveyor services in compliance with RICS Guidance Note
- Site meetings with Lloyds Bank and the developer to appraise the proposals prior to the establishment of the loan facility, and preparation of an ‘Initial Report’ to identify, quantity and mitigate risks.
- Periodic monitoring inspections during the construction stage to appraise progress against key performance indicators and provision of valuations of expenditure prior to developer drawdown against the loan facility
Benefits
- Provision of independent advice to the Lender throughout the development.
- Provision of technical advice
- Mitigation and management of development risk
