Are you funding a project or committed to? Our monitoring processes provide funders and investors with the protection necessary when making property funding or investment decisions, dealing with all technical aspects associated with the financial and legal demands of a project or a framework.
Project Monitoring is carried out on behalf of a range of Client types such as:
a funding institution, which will acquire the scheme as an investment upon completion
a tenant or purchaser which enters into a commitment to lease or purchase a property upon completion
a Bank or other development finance company where a loan matures at the end of the development period
private finance initiative funders and end users.
We consistently provide our clients with cost-saving or profit-generating advice. That means impartial guidance on acquisition, investment, and development programmes, based on due diligence and construction risk information.
Always mindful of the intricacies of local markets, we have tailored our service offering to meet the bespoke needs of projects. In the absence of official surveying roles in Greece, we align our approach and service delivery with the RICS principles and methodology of surveying as adopted by our organization.
In situations where we’re invited to step in to pick up the pieces when something has unfortunately gone wrong, we deploy expert project recovery management, which includes re-structuring distressed or troubled plans, identifying issues and providing constructive and collaborative support.
Project monitoring scope is tailored to each individual Project and the Clients’ needs with options including:
Statutory – legislation compliance, sustainability
Project review – design, contractor
Financial appraisal – including valuation methodology and base information, projected cash flows, financial drivers
Consultancy and construction agreements
Construction costs – advise on overruns, review drawdown requests against forecasts and cost plan
Construction programme – monitor progress against terms of agreement and planned progress, early warning of delays, progress photos
Construction – monitor as-built compliance against drawings and specifications, advise on the impact of variations on cost and quality
Practical completion – confirm discharge of conditions, non-statutory and statutory consents, documentation complete, outstanding works, future recommendations
Time, cost and quality are the key to a project’s success. We carry out regular “health-checks” – to maintain understanding and control at every stage. A proactive audit culminates with a risk rating for the project, and recommendations. Those recommendations escalate into solutions: we advise on how to retrieve, mitigate and improve distressed projects. When a project is within our control from the start, we pre-empt – in a proactive way – the risks and suggest mitigating strategies to minimise them.
We can provide project monitoring services to the Greek and European markets within the following sectors:
Hospitality & Leisure
Mixed Use Developments
Industrial & Logistics
High Rise Buildings
Public Private Partnership Sector (PPP)