Development Monitoring
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We produce specialist development monitoring reports to provide the development funder with the necessary advice relating to their investment. The Project Monitor’s role is one of an advisor to the Client, with a view to identifying particular risks associated with a development and to protect the Client’s interests throughout the development process.
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Project Monitoring can be carried out on behalf of a range of Client types including, for example:
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1. Funding institution, which will acquire the scheme as an investment upon completion
2. Tenant or purchaser which enters into a commitment to lease or purchase a property upon completion
3. Bank or other development finance company where a loan matures at the end of the development period
4. Grant funders, or
5. Private finance initiative (PFI) funders and end users
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Tenderleaf Consulting’s services are targeted at all providers of capital investment. Our aim is the early identification of potential project risks, and to manage or eliminate these to the benefit of both the funder and borrower.
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Tenderleaf Consulting’s development monitoring team provide pro-active advice on all aspects of property development and construction.
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A Development Appraisal Report is produced from the outset to ensure the scheme is viable, followed by periodic monitoring reports identifying the value of work complete; value of materials on site; the quality of workmanship; status of the required statutory approvals, etc. All of which will ensure the developer is only paid for the work they have completed to the required standard and in accordance with statutory obligations. The funder’s risk is carefully managed, ensuring they only release funds from the agreed loan facility relative to the completed work to avoid over exposure at any given point in time.
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