Development Fund Monitoring
Chartwell Surveying are an experienced and dynamic team of Independent Fund Monitoring Surveyors.
Development can be complex. In our role as Independent Monitoring Surveyors, we provide meticulous and robust technical due diligence from the outset of a project to help funders make an informed decision on financing a project and assess its suitability for security.
We monitor and advise on progress throughout the course of the project, reviewing cost, programme, procurement, quality and statutory compliance.
We present complex matters in clear and concise report language.
Our Approach
01
Initial Report
At the outset of a construction project, our team conducts a thorough Initial Report, providing a comprehensive assessment of the project's feasibility, budget, and timelines. We review project plans, contracts, and financial arrangements to ensure alignment with client objectives and regulatory requirements. Our Initial Report serves as a roadmap for the project, outlining key milestones, potential risks, and strategies for effective management. By identifying critical issues early on, we help clients make informed decisions and mitigate risks before they escalate.
Interim Progress Report
02
Throughout the construction process, our Interim Progress Reports provide clients with regular updates on project status, expenditures, and performance against milestones. We monitor progress on-site, review contractor invoices, and assess compliance with contractual obligations to ensure that the project remains on track. Our Interim Progress Reports also highlight any deviations from the initial plan and recommend corrective actions to address issues and minimize delays. With transparent communication and detailed analysis, we keep clients informed and empowered to make timely decisions to keep the project on course.
03
Completion Report
Upon project completion, our team conducts a comprehensive Completion Report, documenting the final outcomes, achievements, and compliance with project requirements. We verify that all contractual obligations have been met, review final invoices and certifications, and assess the quality of workmanship. Our Completion Report includes a detailed analysis of project performance, lessons learned, and recommendations for future improvements. By providing clients with a clear overview of project outcomes and compliance, our Completion Report ensures accountability, transparency, and client satisfaction.
Our Service
Experienced
Our directors have worked developer side and have a great depth of project delivery experience on both sides of the fence. We are able to recognise early on when a project is performing well or when risk mitigations are required to inform lending decisions.
We have worked for numerous leading and challenger banks across a range of sectors, i.e. residential, commercial, industrial and logistics, healthcare (care homes establishments and nursing homes).
Knowledgeable
We understand all aspects of the development life-cycle from assessing the initial viability and feasibility stage of a project through to acquisition, pre-construction, construction phase, and exit (whether it be though sales or re-financing to redeem the development loan).
Solution-focused
We take pro-active action in risk mitigation and our depth of experience allows us to provide solution focused options to funders, investors and Borrowers when project challenges arise to help safeguard the investment made.
Relationship-driven
Developments can take time. As a relationship-driven team, we aim to build long-standing connections with the Borrower and Funding teams throughout the journey to enable smooth project delivery.