Blake Newport


Fund Monitoring

Fund Monitoring

Case Studies

Blake Newport provides an independent, tailor-made fund monitoring service. Taking an impartial view, we manage the financial, commercial and contractual activities of a property or construction project by monitoring the delivery of a client’s investment. Having a commercial view allows us to bring our in-house expertise to bear on providing detailed, focused reports along with commercial advice.

We act on behalf of the lender(s) to ensure that a project's progress is in accordance with the agreed project documentation and in line with financial drawdowns. At Blake Newport we understand that the most significant element of risk (not withstanding time, quality and safety) in any construction-related activity is financial spend, with this in mind our Fund Monitoring experts monitor every stage of the project's implementation.

Blake Newport’s comprehensive fund monitoring service provides bespoke initial and monthly reports that are built with the client’s existing reporting system and organisational structure in mind.

Keeping track of an investment can prove difficult

A Fund Monitoring Report will contain information such as:


  1. Evidence of compliance with Regulations

  2. Verification of all construction costs and confirmation of whether the development
    budget is realistic and achievable

  3. Verification and auditing of the expenditure

  4. Verification of whether the development programme is realistic, comprehensive and
    achievable

  5. Cost summary detailing all key budget items

  6. Copies of agreements from the Borrower relating to statutory undertakings, etc.

  7. Appropriateness of the proposed procurement route

  8. A review of the professional team and commentary on the adequacy of their Professional Indemnity Insurance

  9. Suitability of the professional team and their terms of engagement

  10. A review of the contract(s) being used or proposed and its/their appropriateness.

 
 
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