Lenders and investors funding a construction project need independent assurance that their money is being spent properly and the scheme will complete on time. Kingston Surveyors arranges a chartered development monitor to review progress, cost and risk on behalf of the funder, reporting at each drawdown. We provide development and fund monitoring across London, Birmingham, Manchester and nationwide.
Development monitoring, or fund monitoring, is the independent oversight of a construction project on behalf of a bank, investor or purchaser. The monitor reviews the development appraisal, contracts, programme and costs at the outset, then reports regularly on progress, expenditure and risk so the funder can release payments with confidence.
The monitor checks that drawdown requests reflect work actually completed, that the project remains within budget and programme, and that appropriate warranties, insurances and statutory approvals are in place. This independent scrutiny reduces the funder’s exposure and provides early warning of any issues that could threaten delivery.
We arrange experienced monitoring surveyors who provide clear, timely reports tailored to your facility, whether you are lending on a single scheme or a portfolio. Contact Kingston Surveyors today for a free, no-obligation quote on development or fund monitoring.
You may also need: employer’s agent services, clerk of works inspections and commercial building surveys.
Development monitoring gives funders independent eyes on a scheme before and during construction: an initial appraisal of cost, programme, procurement and consents, then monthly drawdown reports verifying that work claimed is work done, that the cost to complete remains funded, and that risks (contractor covenant, design changes, market shifts) are flagged early — before they become losses.
Banks, bridging and development lenders, private investors and mezzanine funders on schemes from single refurbishments to multi-unit developments across London and the South East. Reports follow RICS guidance and each lender’s template where required. Related: employer’s agent services and commercial building surveys. Call 0204 579 8270.
