Bank monitoring and Development monitoring
We provide independent advice to third parties involved in the construction of a development project who have a direct interest in the successful completion of the project but do not have direct control over its implementation. We help them understand the opportunities and risks of the project so that they can make informed decisions. Clients thus typically include banks, institutional investors, project partners, and tenants.
Financing control for banks
Are you planning a development project that you intend to finance with a bank loan? When financing projects in the construction phase, the risk to the lender is much higher than when it is an existing property. Therefore, banks and other lenders often require Project Controlling as a condition of the loan agreement.
Construction supervision for investors
Are you about to finance a project that is not yet under construction and want to make sure that everything will go according to plan and the budget will be under control? It doesn’t matter if you’re a bank, investor or project partner. With our Development Monitoring you get professional oversight, an independent view of the risks and the confidence that everything will be done correctly and on time.
What can you expect from Bank / Development monitoring?
Our task is to combine a thorough understanding of the investor’s business plan, identification of time and financial risks of the project together with practical experience in the design, preparation and construction of the building.
- Thorough project screening before financing
We will carry out a detailed audit of all permits, contractual documentation and contractor’s warranties with a description of potential risks. We will assess timelines, projected costs and current construction schedule to determine realistic conditions for loan drawdown.
- Regular inspections and an up-to-date overview of construction progress
During construction, our team regularly checks that the work is being carried out according to the contract, to the quality and on time. Our monthly reports provide you with independent information on the status of the project, highlight new risks and confirm when the next tranche of funding is available.
- Final evaluation
Upon completion of the construction, we will carry out a final inspection, including administrative closure of the project and approval. We will summarize everything in a final report, which will confirm the fulfillment of the original assignment and describe any changes.
Why with us?
- Many years of experience
Our team has been monitoring residential, office, commercial and industrial projects for over 15 years.
- Expertise confirmed by cooperation with banks
We cooperate with a number of Czech and international banks: the Komerční banka, UniCredit Bank, Raiffeisenbank, J&T Banka and others.
- Support throughout the process
We independently assess risks, protect the interests of all stakeholders and ensure that project objectives are met.
With us, you get a reliable partner who will take your business plan into account, keep an eye on your budget and provide the necessary know-how. Whether you are a bank, investor or project partner, we will help you to bring your project to a successful conclusion.
Gain independent oversight and minimize risks in development projects.
Before starting to draw down the loan
We will conduct a detailed audit in terms of permits, contracts with suppliers, deadlines and planned costs.
During construction
We monitor the actual progress and quality of work, conduct regular on-site inspections and prepare monthly reports with independent assessments and recommendations.
Upon completion of the project
We will provide a final inspection, evaluate the overall progress and confirm the achievement of the planned objectives, including handover of the building or approval.