Partner undertakes periodic site visits, typically on a monthly or agreed drawdown basis, to review Construction Monitoring progress, verify reported information, and assess the status of the works and associated project risks. Our monitoring supports informed funding decisions by confirming progress against the approved scope of works and identifying any matters that may affect programme, cost, or completion.
Construction lenders and funders frequently appoint Partner to act as their independent site representative during the delivery of development projects across the EMEA region. Our Construction Progress Monitoring (CPM) services provide regular site inspections and reporting to confirm that works are progressing in accordance with the building contract, development programme, and funding requirements.
Frequently Asked Questions (FAQs)
What is Construction Progress Monitoring in Europe?
In the UK and much of Europe, this service is typically delivered by an Independent Monitoring Surveyor (IMS) acting for lenders/funders to review technical risk, track progress, and report on drawdowns against the funding agreement. It’s recognised in the Royal Institution of Chartered Surveyors (RICS) guidance for lender monitoring.
Who usually commissions it — lenders or developers?
Primarily, lenders and other funders (banks, debt funds, bridging lenders). Developers may also commission monitoring to give investors assurance and to streamline drawdowns.
What does the IMS (fund monitor) check each visit?
Typical checks cover programme status, quality and workmanship, compliance with the building contract and funding conditions, variations, risk items, cashflow/contingency, and validation of payment applications before drawdown recommendations.
How often are visits and reports?
Most lenders require monthly visits aligned with the contractor’s valuation cycle, with ad-hoc visits for key milestones or emerging risks. Frequency is set out in the lender’s terms and the IMS scope.
Is this the same as project management or Clerk of Works?
No. The IMS is an independent reviewer for the funder, not the day-to-day project manager or site inspector. They provide oversight and risk reporting to protect the lending position, rather than managing the contractor.
What documents do lenders expect the IMS to review for each drawdown?
Contractor valuations/applications, updated programme, change orders/variations, evidence of costs to date, insurances, statutory approvals, and any conditions precedent to funding. The IMS then advises on sums suitable for drawdown.
What standards or best practices apply?
RICS practice information on the Lender’s Independent Monitoring Surveyor sets out good practice for scope, reporting, and professional conduct across the UK (and is often referenced by European lenders operating in the UK/Ireland).
