Independent Financial Monitoring
ecc provide a full range of Financial Monitoring Services for Banking Institutions which are specifically tailored to suit and enable Clients to obtain value for money. These services include:
Initial Due Diligence Report
• Assessment of the Developer’s Development Budget, to establish the profitability.
• Appraisal of the roles of the Developer’s team and their fees.
• Appraisal of the Developer’s Cost Plan.
• Appraisal of the Contract Sum.
• Commentary on the contract documents and contract conditions.
• Review of the collateral warranties.
• Commentary on the planning conditions.
• Analyse the contractor’s programme.
• Review of the tender report.
• Commentary on the contract insurances, homebond cover etc.
• Review the loan conditions and structure.
• Highlight any potential risks to the bank.
On-Site Monitoring Reports
• Monitor progress on site.
• Appraisal of the Developer’s cost reports.
• Appraisal of the value of Interim Payment Certificates versus work complete on site.
• Commentary on the value of variations and projected final account.
• Planning condition compliance.
• Appraisal of value of work remaining to be done.
• Highlight any potential risks to the Bank.