Due diligence on the likely cost of your development, backed by constant monitoring.
If you need funding for a development, we provide due diligence on the project development budget, as well as monitoring throughout the project, to fulfil your own and your lender's requirements.
Nobody wants to embark on a construction project that isn't viable. We can carry out due diligence on your construction project, reviewing whether the proposed budget is sufficient and your project is feasible.
In addition, all lenders who provide finance to developers are aware of the risks that can arise on a construction project. Engaging a Professional Quantity Surveyor to provide bank finance reporting can reassure your lender that the requirements of their lending are met.
Bank finance reporting always considers any wider issues associated with a development. So you can count on us to advise you of risks and assess the consequences of variations during the drawdown phase. This all contributes to a successful project outcome for all parties.
What you can expect from our bank finance reporting service
- Early due diligence to ensure finance conditions are met
- Gather project information required to analyse project risks
- Identify red flags before works start
- Review initial feasibility budgets
- Request further technical due diligence as required
- Review all contracts, development agreements, sun set clauses etc
- Use project experience to report on gaps not allowed for
- Comment on programme and procurement approach
- Early warning when things go off track
- Assistance with cash flow and final account reporting
