Lenders are often subject to extraordinarily high risks, which are dependent on the success of a development scheme – appointing an independent development monitoring specialist to oversee the project will not only help to mitigate risk, but ensure it remains on track, on budget and remains fully compliant with standards and the lending client’s proposals.

Trinity Rose Chartered Surveyors’ Development Monitoring service begins before construction with an initial report that covers due diligence, planning permissions, building regulations approvals, warranties and insurances, and a detailed review of proposed construction costs. This staged process is reviewed on an ongoing basis throughout the construction process as we continually check compliance with the scheme’s original proposals, conduct programme and change management and cashflow reviews.

Our interim reports provide all the evidence funders need to allay or uncover concerns – these reports are usually used to sanction the staged drawdowns for funds to the borrower. Our final inspection will address all remaining issues, including variations, permissions and approvals so that final handover of the project can take place.