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Construction Monitoring

 
Whether advising a bank, funding institution, landlord or tenant with substantial interest as the owner or occupier of the development of a new building, we ensure that their interests are fully represented both prior to and during the construction period.
 
With any development, there are risks attached and it is important to manage these and be aware of them from the outset. Awareness ensures the ability to control and manage the situation to the maximum benefit of both the lender and borrower.
 
At Sanderson Weatherall we have extensive experience in development monitoring and act for a variety of clients throughout the country on schemes from as little as £0.5m to those in excess of £25m. As part of our service, we provide the following:
  • Initial report - an initial project appraisal which reviews all information provided to establish the financial and practical adequacy of the proposed development, including cash flow forecasts, construction documentation, cost plan, planning advice and contracts. This helps clients to control risk and be aware of any potential shortcomings.
  • Interim reports - these are produced on a monthly basis from commencement on-site throughout the development period, monitoring progress of the construction process to ensure that the finished product is in line with initial appraisals and also to endorse financial drawdown requests.

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