The company provides monitoring surveyor services to various banks and funds.
A two stage reporting system has been developed that firstly allows banks or funds to see how projects have been set up by the borrowers with commentary from us to say what risks there would be to the banks or funds should they need to step in and take over a project if the borrowers were not in a position to complete the works. We also comment on the adequacy of the costings for the works that allow the banks or funds to have a degree of confidence that the funds provided will be sufficient to complete the works.
Secondly, during the build process we liase closely with the borrowers to ensure there are funds available at the right time to complete projects on programme and report to the banks or funds on a regular basis how much has been spent, what funds are left and that the remaining funds are sufficient to complete the works.
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The Old Bakery