Naismiths Builsing Consultants

Asset management services

Our data-led, commercially focused and strategic approach to asset management ensures your business is in safe hands as we strengthen and improve your operations or tackle difficult issues.  

We understand the complexities of procuring essential assets in the construction industry and how to make those assets work for you to create maximum productivity and drive efficiencies.  

Our highly-skilled team takes a deep dive into your business, whether in helping maintain your property portfolio or if you need top-level advice on managing assets for ‘distressed’ sites. 

What is asset management in construction? 

Overseeing and monitoring your assets in each construction project – from your workforce, machinery and equipment, to the day-to-day operation and cost assessments – is a vital part of your company’s success. An analysis of your strategy and asset management systems could help turn around performance to ensure a successful and profitable future. 

What are the stages of project monitoring?

Our data-first, commercially focused approach to the entire property lifecycle enables us to plan and control each element to the highest industry standards. A project will typically fall into two phases: 

The pre-contract phase 

This includes setting the project’s goals, reviewing the budget and the cost implications, advising on procurement and the involvement of contractors, and considering the statutory compliance procedures. 

The contract phase 

This is a complete overview of each step of the project, understanding the risks from different perspectives. Our project monitoring surveyors will ensure full compliance, that construction work is on track and being delivered to a high quality through regular site visits and anticipate and deal with any issues that come up – submitting regular reports to give a clear picture. 

How to track project progress in the construction industry

What does a project monitoring surveyor do?

Our independent monitoring surveyors will oversee the project development process in fine detail, fully reporting on progress and any potential issues from the start. Acting in an independent role, and with a deep understanding of a project’s operational needs, our surveyors can quickly evaluate and head off any upcoming problems.  

They will review and assess the development’s progression, working closely with project managers to ensure the agreed goals are on track and being achieved, constantly reviewing budgets and timeframes and advising on statutory compliance. They will report on and share information with all relevant stakeholders throughout. 

Why is project monitoring important

How we support your business

Our asset management skills are used for:

  • Reinstatement and cost assessment – we safeguard insurance coverage accuracy, preventing under or over-insurance to protect assets and ensure the extent of coverage in the event of loss by an insured peril 
  • Feasibility and options studies – refurbishment, remodelling or rebuilding; providing costed options to allow decision-making on future use, retention or disposal 
  • Dilapidations – we give landlords and tenants strategic advice, negotiating swift resolutions during the lease term and conclusion 
  • Defect analysis – Our team ensures precise inspections to identify the cause of defects and costed options to remedy them 
  • Planned preventative maintenance – we identify costs and timescales involved in the regular maintenance of an asset 
  • Mechanical and electrical services – our M&E specialists are skilled in managing a building’s assets, giving strategic advice and forecasting budgets 
  • Schedules of conditions – we agree the state of repairs needed on a building and can prevent unwarranted liabilities for pre-existing disrepair during lease terms  
  • Party walls – we manage compliance with the Party Wall Act and use our surveyor expertise to draw up precise documentation for the planned work to protect all parties 
  • We use our bespoke range of services across project management, cost management and building surveying to tailor a recovery or completion strategy on sites, buildings and assets that may not be performing or require completion under distressed circumstances 

Our specialist sector experience includes

Health Leisure

Infrastructure

Residential

Retail

Contact our asset management specialists today

What our clients say…

Royal Pharmaceutical Society logo

Naismiths provided expert project management and technical support in defect remediation and dispute resolution matters to conclude a long-running distressed project, which included a successful defence to an Adjudication.

The team worked closely with our legal team to provide clarity, direction and insight across an array of complex technical matters, incrementally de-risking our position and finally concluding in a settlement very much in favour of the client.

Simon RedmanDirector of Finance & Corporate ServicesRoyal Pharmaceutical Society
Burrington Estates logo

Burrington Estates has worked closely with Naismiths across a number of our residential developments in the South West, providing our senior and junior lenders with robust analysis and detailed initial/progress reports to support their ongoing funding of the business.

The Naismiths team have been a pleasure to work with over the years, their professional and diligent approach to surveying facilitating a strong working relationship. Their in-depth knowledge of the housebuilding industry, meticulous reports and timely site visits, provide both Burrington Estates and our funders with comfort that our developments are on track and work has been completed to a high standard. We look forward to working with Naismiths on many future developments.

Richard GibbonsCorporate Finance DirectorBurrington Estates
Elevate Property Group logo

Naismiths has unquestionably been our astute and dependable partner in delivering this scheme, with this completion heavily reliant upon its expertise for the eventual successful outcome.

The team have been meticulous in the contract administration elements, as well as being consistently honest and informative in its approach to communication.

We will confidently embark on future projects with Naismiths by our side.

Steve DoddManaging DirectorElevate Property Group

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