Trident’s London office was instructed to undertake project monitoring services on behalf of the funder Mizrahi Tefahot Bank.
The development comprised of the construction of two blocks providing residential accommodation. Tridents involvement with this project comprised of:
- Regular site visits to monitor the progress of the project against the agreed schedule, ensuring that it meets the specified standards and complies with all relevant regulations.
- Review and monitor the project’s financial aspects, including budgeting, cash flow forecasts, and payment applications, to ensure that the project remains financially viable and that funds are appropriately allocated and spent.
- Identifying potential risks to the project’s timeline, budget, and quality.
- Preparing detailed reports for stakeholders on the project’s progress, financial status, and any issues or deviations from the plan.
- Reviewing the contractor’s valuations and preparing drawdown certificates.
- Monitoring of progress with third party approvals.
- Monitoring the project to ensure compliance with health and safety regulations maintained at all stages of the project.
