Identify the Risks

Development Monitoring is distinct from both project management and construction monitoring, and can be defined as:

Protecting the Client’s interests by identifying and advising on the risks associated with acquiring an interest in a development that is not under the Client’s direct control.

Project Monitoring

Development monitoring is often referred to as Project monitoring or acting as the bank’s/funder’s/tenant’s surveyor.

Development Monitoring is carried out on behalf of a range of alternative Client types including, for example:

  • 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;
  • Grant funders;
  • Private finance initiative funders and end users.

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