Development Monitoring in West Hampstead

Independent monitoring appointment

Development monitoring gives lenders, funds and forward-purchasers independent reporting on project progress, quality, cost, programme and risk. We report independently and do not direct or manage the project. Tell us the funding party, development, facility stage and next reporting or drawdown date, and we will confirm the monitoring scope.

Initial appraisal documents

Review of planning, technical and contractual documents, project programme, cost plan, professional team appointments, contractor selection and risk register takes place before drawdown commences. The initial appraisal establishes the information and risks against which subsequent progress reports can be read.

Progress and drawdown reporting

Reports can be structured around the drawdown schedule and the lender's requirements, so each release is supported by an independent view of progress, cost and risk against the agreed milestones. The cadence and report format are agreed at appointment to suit the facility agreement and the project.

Changes, completion and role boundaries

Track scope changes, extensions of time, loss-and-expense claims and risk-register evolution. Report material changes to the client team with technical and commercial commentary. The appointment establishes completion reporting and any defects-period review. Project management directs and delivers the project; development monitoring reports independently on project status for the funding party and does not direct the works.

Related commercial decisions

• Technical due diligence: For an acquisition decision, assess the building's technical risk before committing capital.
• Project advisory and management: A client requiring direction and delivery of the project needs a separately defined management role.
• Contract administration: Contract administration concerns the building contract and its procedures; confirm the separate appointment and responsibilities.
• Commercial property surveying: Compare the wider commercial services when the requirement concerns an existing asset or lease.