Funding a development is an exercise in managing someone else’s project risk. Lenders and investors need independent verification that the scheme they are funding is buildable, on budget, on programme — and that each drawdown reflects work genuinely done. Manchester Surveyors provides development monitoring services to banks, bridging and development lenders, funds and private investors.
What Our Monitoring Covers
Initial Due Diligence (Pre-Funding)
- Appraisal review — are the build costs, contingency and programme realistic for this scheme and this market?
- Procurement and contract review — contractor covenant, contract form, security documents (collateral warranties, step-in rights)
- Consents check — planning conditions, building regulations strategy and statutory approvals
Construction Phase
- Monthly site inspections and drawdown reports — certifying progress against the funding schedule so money follows work, never the other way round
- Cost movement tracking — variations, provisional sums and contingency burn, flagged before they become funding gaps
- Programme surveillance — early warning of slippage against the facility timeline
- Quality sampling — workmanship checks informed by our building survey practice
Completion
- Practical completion verification, warranty collection and final report supporting facility redemption or sales release
Why Lenders Use Us
Our reports are written for credit committees: concise, evidenced and decisive about risk. And because we also provide project management and commercial valuations, we understand both the construction and the security value sides of the funding equation.
Funding a development? Contact us for monitoring terms — schemes from single refurbishments to multi-unit developments, Manchester to London and nationwide.
What Development Monitoring Covers
Development monitoring protects the party funding a project — a bank, private lender or investor — by verifying, before each drawdown, that the scheme remains buildable, on budget and on programme. Our monitoring reports cover an initial appraisal (planning, contracts, warranties, insurances, cost plan and cashflow) and then regular inspections aligned to drawdowns: work done against work claimed, quality observed on site, variations, programme slippage and residual cost-to-complete.
Who We Act For
Primarily lenders and mezzanine funders on residential and mixed-use schemes across the North West, and occasionally private clients funding a build for a family member or a joint venture. We work to the lender’s reporting template or provide our own, coordinate with the employer’s agent where one is appointed, and flag problems early enough for the funder to act — the whole point of the role.
How often are monitoring inspections needed?
Monthly is standard, matching monthly drawdowns; simpler schemes sometimes justify visits at key stages only. The initial appraisal is the most detailed report; thereafter reporting is concise and exception-led. Fixed fees per visit or per scheme — call 020 4579 8270 with the site details for a same-day proposal.