Development Monitoring

Successful development monitoring, due diligence and assurance relies on experienced Chartered Surveyors who have a broad knowledge of legal, technical and financial issues surrounding a transaction including development agreements, construction contracts, warranties, roles and responsibilities, professional appointments, procurement, design, construction, town planning, valuation and cashflow monitoring coupled with a collaborative approach so that the nature of the transaction is first understood and the very best outcomes are achieved.

We have many years of experience of development monitoring on behalf of banks, funds, owners and occupiers including retail warehousing, industrial units, offices, leisure centres, schools and health centres. Our objective is to ensure a development meets the clients expectations in terms of the cost, quality and programme requirements set out in the respective legal agreements but it also includes first setting robust benchmarks against which the development can be measured, advising on risks, and if necessary proactively tackling any issues which arise.

SPEAK TO OUR TEAM

The scope of the development monitoring role typically fall into two distinct phases:

Pre-Contract Development Monitoring or Due Diligence
Post Contract Development Monitoring

For further information on the scope of each then please Read here…

We cover a broad geographic area which includes the East Midlands and West Midlands and all the major centres including Telford, Wolverhampton, Birmingham, Coventry, Nottingham, Derby and Leicester – though we have taken on larger commissions from further afield. If you are in any doubt just ask and we would be delighted to assist.

Recent Projects

Miscellaneous Instructions | Expert Witness

All our expert witness instructions are undertaken by Julian Record, a Chartered Building Surveyor and Chartered Project Manager with over 20 years’ experience in project management and general building consultancy across the public and private sectors.

Wesley House | Construction Project Management & Architectural Design

Record Associates were appointed by Via Property Development Ltd to provide Architectural Design and Construction Project Management services in connection with the conversion of this former Methodist Chapel into 12 apartments extending to approximately 780 sq.m.

Aberclay Finance | Development Monitoring and Due Diligence

Record Associates have been appointed to monitor three housing developments on behalf of the funder, Aberclay Finance. The developments comprise 13 units in North Shropshire, 20 units in Worcestershire and the conversion of 5 listed barns in Oxfordshire

All projects

Thankyou for the Schedule of Condition you produced which was extremely comprehensive, well laid out and flagged more issues than we were aware. It will certainly protect us from having to address these issues ourselves at lease termination!

We were particularly pleased with your advice on the fit out of the space and how the layout should be changed to suit the growing needs of our business, provide better space utilisation, ventilation and natural light.

Julian Smout | Managing Director, Verve Graphic Design and Marketing TESTIMONIALS

Record Associates were engaged as project manager to support the redevelopment of an old industrial premises which we recently acquired to support our growing business. Julian worked closely with me and our delivery team to understand our space and engineering requirements so the works delivered best value for money and crucially were undertaken within our tight programme. A number of enabling works packages were agreed to progress the works whilst design was underway. We also had to deal with some tricky decisions regarding how much to spend on repairs to the old building. Julian’s knowledge and experience on all aspect was invaluable and helped remove large elements of risk and ultimately provided us with better value for money.

Edward Youngman | Edward Youngman Pathway Intermediates Limited. TESTIMONIALS

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Development Monitoring