Providing funding for development or refurbishment projects, whether debt or equity, exposes the funder to risk on a number of fronts. Budget and cash flow control considerations, together with design, procurement, programme and other aspects, all contribute to the overall risk. Alderman Stones' project and development monitoring advice has proven to be an essential support to funders in managing this environment, where the selections of contractors and the expectations of prospective occupiers are key.
We apply the skill, knowledge, expertise and professionalism combined with management qualities to extract the maximum from each contributor, to ensure that the objectives of the right building within a set time limit, planned cost and to the right level of quality can be achieved.
Alderman Stone has over 20 years experience in project and development monitoring and is also independent of investment advisors and agents.
We work with asset managers, financial institutions and property companies and tailor the scope of service required whilst coordinating the involvement of other professional disciplines where necessary.
With excellent understanding of funders', developers' and occupiers' requirements, Alderman Stone is a leading firm in construction due-diligence. Our knowledge has allowed us to take an independent and proactive stance in construction projects.
We fully monitor and appraise all financial and technical aspects of proposed developments in order to protect clients' interests by endeavouring to meet principal objectives.
Service includes:
- Agreeing the brief.
- Appraising the proposed costs of the scheme.
- Understanding the client's financial commitment to the scheme.
- Understanding the development and funding agreement.
- Appraising the designs and specifications.
- Providing comment on the selection of the developer's consultants, contractors and sub-contractors.
- Advising on the proposed method of procurement.
- Ensuring all statutory requirements will be met.
- Monitoring programme and cost during the construction phase.
- Monitoring the quality of the works.
- Confirming to the client that practical completion has been achieved.
- Confirming to the client that making good defects has been achieved.
Contact us on 02476 347171 or email us for a FREE no obligation consultation and quotation