Bank Monitoring
Independent development monitoring for lenders, funders and investors.
GP Surveys Ltd provides independent monitoring of residential and commercial development projects across London and South East England. We review available project information, undertake periodic site inspections and report on progress, expenditure, anticipated cost to complete and material delivery risks.
Independent reporting for development funding
Development finance exposes lenders and investors to risks associated with design, approvals, procurement, cost, programme and construction progress. Independent monitoring provides the instructing party with a clearer understanding of the project at the outset and as the work proceeds.
Our reports present observations on the information available, identify material matters requiring attention and provide proportionate commentary to support the funder’s own decision-making process.
Independent observations
Reporting prepared for the instructing lender, funder or investor within the agreed scope.
Visible project risks
Identification of material cost, programme, technical and delivery matters apparent from the information reviewed.
Progress reporting
Periodic commentary on the physical progress observed during site inspections.
Drawdown support
Reporting on progress, expenditure information and anticipated cost to complete to assist the funder’s assessment.
When Bank Monitoring can help
Monitoring can be commissioned before a facility is agreed, throughout construction or where a funder is considering an existing or partially completed development.
Development finance
Initial and periodic reporting for lenders providing finance for residential or commercial construction.
Loan drawdowns
Progress reporting to support the funder’s consideration of staged construction drawdowns.
Equity investment
Independent technical and progress reporting for investors and joint venture partners.
Refinancing
Review of a project’s current status where a new funder is considering a partially completed development.
Project recovery
Independent reporting where a development has encountered cost, programme, contractual or delivery difficulties.
Completion and exit
Reporting on the apparent project position as construction approaches completion or the funding facility approaches exit.
Discuss a monitoring instruction
Provide the project location, development type, current stage, proposed facility and anticipated reporting requirements. We will review the initial information and propose an appropriate monitoring scope.