Using the skills noted previously in this Website, QCC can carry out a wide range of Construction Turnaround services on an individual or Company wide basis.
Venture Capital & Bank Monitoring work; Mitigation of Risk
The key to successful fund monitoring is to be proactive in identifying potential issues early in the construction process that may ultimately impact upon the delivery of a project.
Our early appointment at the outset of a funder’s involvement in a development provides a clear understanding of a developer’s proposals prior to our funding client full financial facilities.
Initial Audit Report
The first stage of the Project Monitoring is to carry out a thorough review of the project and to confirm our findings in an Initial Audit Report.
This report will address the key aspects of the development including;
- Land and property acquisition matters
- Statutory consents
- Competency of the developer and project team
- Financial appraisals
- Development, finance and consultancy agreements
- Construction documentation and contractual arrangements
- Construction costs
- Development and construction programmes
- Design and construction quality
- Advice on appropriate insurance arrangements
- Cash-flow projections
- Health & Safety compliance
Monthly Monitoring
Ongoing monitoring of the development ensures that the funder’s interests are protected and any risks properly managed until they are discharged in full.
Once the funder signs up to the Funding Agreements and the construction process commences, we will undertake regular reviews of the financial and physical progress, carry out compliance checks with development and construction agreements provide recommendations for any payment drawdown to be made against the terms of the Funding Agreement together with forecasts of costs to complete the project.
Completion Report
At Practical Completion, we will carry out a final review of the project addressing the close-out of all key issues.
We will provide a Completion Report confirming that the building owner may allow occupation of the project and arrange for the delivery of all necessary documentation including certificates, relevant consents, discharge of all conditions, financial position, Health & Safety File and any other relevant operating and maintenance manuals, schedule of defects and list of outstanding works to ensure that the funder’s interests have been addressed.