Bennington Green has acted for RBS, Clydesdale, NatWest and other financial institutions providing a full monitoring service in connection with the funding of development projects.
Our service includes the preparation of detailed development appraisals prior to the lending being approved. This process will review planning consent, building regulations approval, warranties, contract documents, adequacy of professional team and contractors, insurances, cost review, health & safety and programme. A formal report will be prepared in a format to meet the funder’s requirements and the RICS Project Monitoring Guidance Notes.
Once the funding has been agreed our service includes the regular monitoring of the works on site, the reporting of progress and identification of any issues that increase risks to the funder. An assessment is made of progress achieved to sanction the draw-down of funds from the lender.