We provide monitoring services on development projects for a number of banks and other funding institutions. We have experienced surveyors who have a detailed understanding of procurement, design and construction.
At Goodrich we provide advice on the construction aspects of the project in order to weigh up the risks that might impact on Funders loans. When a development is underway, we provide careful monitoring, with regular site visits made in order to understand any key issues as they arise. We advise when costs can be drawn down against the loan facility, and on the adequacy of the remaining undrawn loan to cover the forecast cost to complete. In essence, we are looking to ensure that the development is proceeding diligently and in accordance with the contract so that the investment value of the completed development is not compromised in any way.