What is project monitoring?
Project monitoring is the process of ensuring that everything involved in a project is going to plan and that tasks are completed on time, on budget and to a high standard.
By continually gathering data and analysis on a project, project monitors help funders to track overall performance for all parties involved in a construction project.
Independent monitoring helps to identify project risks for all parties and consider their mitigation, enabling stakeholders to make informed decisions.
We at Naismiths have built an unrivalled reputation for our project monitoring skills through our detailed data-gathering and analysis capabilities, which deliver strong results for every client.
Our commercially focused approach gives us an overview of each project throughout, including the planning, scheduling and building works. We also liaise with construction stakeholders such as lenders, developers, owners, contractors and the wider supply chain of a project.
This gives us a detailed understanding of whether resources and timeframes are being used efficiently and to make informed decisions about the project, with a strong focus on risk management and investment protection.
Naismith’s project monitoring blueprint is built on 60 years of experience and backed by a 40-strong team in eight cities across the UK.
We’re also proud to offer the most comprehensive database for cost benchmarking data in the country to enable robust and informed decision-making.
What is the importance of project monitoring in construction?
Careful planning and scheduling, along with constant monitoring of progress throughout a project is the best way to ensure it is a success. We do this through:
Expert advice
Providing strategic guidance and expert advice, our project monitoring surveyors take the lead in ensuring the successful delivery of each project, within the correct budget and timeframe – and to the highest professional standards.
Managing risk
Development finance for construction projects can be a high-risk undertaking with unexpected obstacles to overcome, such as labour issues and delays caused by shortages of materials. It is important to have a specialist surveyor who can react quickly to urgent matters and advise on a plan of action.
Safeguarding financial interests
Those investing in a construction project might not be directly involved in the building phase but they do need to be reassured that their financial interests are being looked after. We ensure every step of the development is being closely monitored.
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.
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.
