Project Monitoring

Project Monitoring is distinct from both project management and construction monitoring, and can be defined as: Protecting the Client's interests by identifying and advising on the risks associated with acquiring an interest in a development that is not under the Client's direct control.

Project Monitoring is carried out on behalf of a range of alternative client types including, for example:

a funding institution, which will acquire the scheme as an investment upon completion;
a tenant or purchaser which enters into a commitment to lease or purchase a property upon completion;
a Bank or other development finance company where a loan matures at the end of the development period;
grant funders; or
private finance initiative funders and end users.

Although the risk profile of each of these Client groups differ, in each case the development will be designed, constructed and supervised by a Developer who will employ a design and construction team.

The appointment of a Project Monitor does not replace any of these primary functions, but protects the Client's interests by monitoring the performance of the Developer and its team.

The Project Monitor's role is one of investigator and advisor to the Client. The Project Monitor is not there as a project manager or director and does not take away any of the responsibilities the Developer, and/or its design and construction team, has under funding or other development agreements. The Project Monitor is there to advise the Client on the risks associated with a development and protect the Client's interests in the development as it proceeds.

The Project Monitor provides an independent and impartial assessment of the project as it progresses and in so doing gives the Client a managing tool for risk and for protecting his or her interests objectively.

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