Monitoring

PROJECT & LENDER

Large building projects require large budgets. Often these projects require the involvement of a  bank or other commercial lender.

Funding something that hasn’t yet been constructed, poses a high risk to the lender, a risk that is significantly higher than normal mortgage funding. Due to the risk levels, many banks and lenders choose to enlist a development monitoring surveyor to provide professional advice for the duration of the project, to mitigate risk and keep finances on track.

Henderson & Partners’ extensive surveying and project management experience means that we are able to act as the monitoring surveyor for both the project and/or on behalf of the lender.

We understand that communication is key for these high-risk projects. We work from the beginning to establish the viability of a project and ensure all necessary due diligence has taken place.

Once the project is underway we will manage developers and contractors performing regular site visits to keep the project on track.

Upon completion we will complete a final inspection, produce reports and liaise with project leaders and lenders to ensure both sides are happy with the end result.

In order to achieve the best result we should be involved in the project from the pre-construction phase, however, we also specialise in stepping in at a later stage to help support distressed projects or projects that may need help to get back on track.

By lending our professional expertise to a project, we ensure the development work lives up to standard and expectation, therefore protecting the interests of all parties involved.