Independent Monitoring Surveying Services
Mensura offers Independent Monitoring Surveying services in connection with building and construction developments to the Banking and Lending sector. Our approach ensures accurate and timely advice whilst identifying and evaluating project risks to protect our client's interests.
Our Independent Monitoring Surveying services team delivers expert knowledge and objective advice. This strengthens project delivery and supports a wide range of funding arrangements.
By focusing on project related risk and funding arrangements, our Independent Monitoring Surveying service actively manages and protects your interests, whilst encouraging the Borrower to manage its risks, that might affect the lending facility.
Scope of the Service
- The Initial Report examining the readiness of the proposed project and the competency of the Borrower and its professional and contracting team. An initial risk appraisal is carried out across all facets of the project that might affect the lending decision.
- Monthly reports to review progress on site and update the risk profile including the issue of a recommended Drawdown Certificate.
- Report on Practical Completion.
- Additional services (where required) to address matters such as defects, sales strategy and insolvency. (Contact us for a quotation).
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Interim Valuation
The Housing Grants, Construction and Regeneration Act 1996 (as amended) stipulates that interim or stage payments are due to any party to a construction contract that has a duration of more than 45 days. In the absence of specific requirements in the building contract default provisions apply.
For gross valuations likely to exceed £5m construction cost, please contact us for a bespoke quotation.
Cost Plan
Cost Planning is undertaken in accordance with the New Rules of Measurement 1 (2021). There are three levels of cost plan available depending upon the stage that the project has reached and the level of detail available.
For projects likely to exceed £5m construction cost, please contact us for a bespoke quotation.