Funder monitoring
Independent monitoring for lenders and funders on construction projects up to £5m construction value.
Initial report
A review before the facility agreement is signed, tailored to the scheme. It usually looks at the build cost and cost plan, the programme, the building contract and professional appointments, and the main risks, and can also cover planning, building control, warranties and insurances. It gives a view on whether the budget is enough to complete the scheme.
Drawdown reports
A site visit before each drawdown, reported as a PDF with photographs. Each report covers progress against the programme, the value of work done, the cost to complete and a recommended drawdown amount. It also flags anything that has changed since the last visit, such as variations, delays or new risks, so the lender knows before releasing funds.
How each drawdown runs
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Step 1
Instruction
The lender confirms the drawdown request and Joseph arranges the visit with the contractor.
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Step 2
Site visit
Joseph walks the site, checks progress against the programme and photographs the works.
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Step 3
Report
A PDF report with photographs, covering progress, the value of work done, the cost to complete and a recommended drawdown, usually issued within 2 working days of the visit.
Why lenders work with Joseph
He knows how contractors work
Most of Joseph’s career has been on the contractor side, so he knows where a contractor’s figures may be optimistic.
He has been on the other side of monitoring
Joseph has dealt with monitoring surveyors from the developer’s side, so he knows what to look for in the information he is given.
Quick reports
Reports are usually issued within 2 working days of the site visit, so the lender can make its decision on time.
One person, start to finish
The person who visits site writes the report and answers your questions. Nothing is passed to a junior.
Monitored projects
See all projectsOffice to residential conversion, Hampshire
HMO conversions, London and the South East
Happy to discuss a scheme or a facility.
Answer a few quick questions and Joseph will phone you back.