Development Monitoring

Development monitoring is a critical service for lenders, investors, and stakeholders involved in construction projects. It ensures that the project progresses according to plan, within budget, and adheres to quality standards. AuthentiSurv Ltd provides expert development monitoring to safeguard financial interests, mitigate risks, and ensure that we add great value to the projects success.

Our Development Monitoring Services

At AuthentiSurv Ltd, our development monitoring service begins at the pre-construction phase. We meticulously review project plans, specifications, and budgets to confirm that they are feasible and align with the lender's expectations. Our involvement continues throughout the construction phase, where we conduct regular site inspections to assess progress, quality, and compliance with the agreed timelines and financial plans.

Our role includes ensuring that the contractor’s work meets all contractual obligations and that interim payment requests are justified. We also oversee snagging processes and verify that all necessary certifications are in place before project completion. This comprehensive oversight provides stakeholders with confidence that the project is being managed efficiently and effectively.

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Key Benefits

Risk Mitigation

Our development monitoring service identifies and addresses potential risks early, safeguarding both the lender's investment and the client's project from unforeseen complications or non-compliance issues.

Compliance Assurance

We ensure that all statutory permissions, including planning and building regulations, are in place, which is critical for securing and maintaining financing.

Financial Oversight

By thoroughly reviewing and verifying cost forecasts and fund drawdown schedules, we help prevent budget overruns and ensure that funds are used appropriately.

Project Progress Tracking

Our regular reporting and on-site inspections keep lenders informed, ensuring that project milestones are met according to the agreed-upon timeline and standards.

Expert Validation

Our detailed reviews of contractor qualifications, insurance coverage, and contract agreements provide lenders with confidence that the project is being managed by capable professionals, minimising the risk of default.

What to Expect from Our Services:

Initial Project Appraisal:

Assessment of Project Feasibility: We begin with a thorough review of the project’s initial documents, including detailed plans, financial forecasts, and schedules. This stage involves verifying that the proposed development is viable within the set budget and timeline. We check that all necessary statutory permissions, such as planning permissions, building regulations approvals, and any listed building or conservation area consents, are in place.

Contractor Selection: We review if the Client/Design Team have conducted due diligence on Contractors and Consultants, assessing qualifications, past performance, financial stability and obtained references.

CDM Compliance: Ensuring that the appointed contractor meets the requirements of the Construction (Design and Management) Regulations (CDM) 2015 is crucial. We verify that a competent Principal Contractor has been appointed by the Client, and that copies of their insurances, necessary accreditations, and relevant health and safety documentation has been obtained and checked.

Project Risk Review: We give consideration to potential risks related to the site, project scope, and financial aspects of the setup and advise on any additional recommended measures.

Design and Specification Review:

Detailed Design Analysis: We assess the adequacy of detailed plans, specifications, and any contractor’s design information to ensure they meet the project requirements and comply with Clients needs.

Schedule of Works and Cost Planning: A fully costed schedule of works should be made available for reviewed, along with the financial forecast projection. We ensure there is a clear fund drawdown agreement in place, detailing how and when funds will be released to the contractor as the project progresses.

Funder and Lender Agreement Verification:

Review of Agreements and Requirements: We liaise with lenders to understand their specific requirements for reporting and project monitoring. This includes checking the funder/lender agreements to ensure that all necessary conditions are being met and that the reporting format and frequency align with their expectations.

Monitoring Reporting Mechanisms: Our service includes setting up and managing the reporting and checking mechanisms required by the lender. This ensures that all parties are kept informed of the project's progress and any potential issues that may arise.

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Building Contract Review:

Contractual Obligations and Defect Liability: We ensure that a suitable building contract is in place, which clearly defines the contractor’s obligations, including defect liability periods and rectification responsibilities. This contract is scrutinised to ensure it protects the client’s interests, and all parties are fully aware of their duties and obligations.

Communication of Contractor Obligations: We explicitly communicate the contractor’s responsibilities under the contract to all stakeholders, ensuring that everyone is clear on the expectations and requirements for project delivery.

Ongoing Monitoring and Reporting:

Regular Site Inspections and Progress Reviews: Our team conducts regular site visits to monitor the progress of the works against the agreed schedule and quality standards. Any deviations or concerns are documented and addressed promptly.

Financial and Progress Reporting: We provide comprehensive reports that cover financial status, work completed, any variations to the contract, and the overall progress of the project. These reports are tailored to meet the lender's requirements, ensuring transparency and accountability throughout the project lifecycle.

Project Completion and Close-Out:

Snagging and Defects Management: We ensure the snagging process is completed, ensuring that all defects are identified, reported, and rectified before the final handover. This stage also involves confirming that all necessary certifications are in place, and that the project meets the required quality standards.

Final Reporting: A detailed final report is provided, summarising the project outcome, confirming that all contractual obligations have been met, and verifying that the project is complete to the satisfaction of all stakeholders.

WHY US ?

AuthentiSurv Ltd stands out in development monitoring through our deep expertise in building surveying, project management, and knowledge of construction processes. Our tailored approach, focusing on meticulous attention to detail and proactive risk management, ensures that your project remains on track. We leverage advanced technology and our extensive industry knowledge to deliver clear, actionable insights, making us a reliable partner in safeguarding your investment. By choosing AuthentiSurv, clients benefit from our commitment to excellence, integrity, and client-focused service, setting us apart from competitors.