Bank Monitoring
What is Bank Monitoring?
Bank monitoring is a key service that delivers supervision and confidence to financial institutions and project partners. At SBV Construction Consultants, our bank monitoring services offer complete oversight of important project components, ensuring financial securing and successful project delivery.
Our bank monitoring services include
Project Overview
A detailed examination of the project’s scope, design, and applicable licenses and approvals.
Financial Review
A comprehensive evaluation of the developer’s expenditure, construction costs, and cash flow forecasts.
Contractual Compliance
A check of all applicable contracts to certify adherence to terms and conditions.
Insurance and Bonds
Verification of sufficient insurance protection and surety bonds.
Property Acquisition
Assessment of purchase or lease agreements for asset-related properties.
Progress Monitoring
Regular evaluation of project status, including review of digital data and paperwork.
Professional Fees
Approval of professional fees and insurance expenditures related to the project.
Meeting Minutes Review
Reviewing of meeting minutes to find and fix any unresolved issues.
Risk Management
Finding and resolving the potential risks that could influence the project’s financial health.
Third-Party Reports
Analysis of reports from law, environmental, and health and safety specialists.
Conclusion and Recommendations
An in-depth assessment of the project’s financial stability and suggestions for funding release or further action.
By applying our our bank monitoring, you can
Protect your financial interests
Make sure you are compensated fairly for changes and claims.
Avoid costly disputes
Contractual disputes are resolved efficiently and effectively.
Strengthen contractual
relationships
Foster trust and preserve positive relationships with contractors.
Achieve successful project outcomes
Guarantee that your project is finished on time and within the allocated budget.