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Construction project monitoring services

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.  

Nismiths employees having a meeting in London office

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. 

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

What project monitoring services do Naismiths provide? 

We support businesses with the following project monitoring services: 

  • Due diligence reporting 
  • Funding strategy 
  • Project coordination and monitoring 
  • Budget control and financial analysis 
  • Technical solution advice 
  • Account auditing 
  • Detailed reporting 
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Why Work With us?

Dedicated Chartered Specialists

Continuity of Service

Niche Complimentary Services

National & Regional Expertise

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Contact our construction project monitoring specialists today

What our clients say…

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
Paragon logo

Naismiths’ consistent and diligent approach supports the service we are proud to provide to our clients and partners. Always on hand to assist when required, Naismiths help ensure that we continue to deliver results of the highest standard

Darren EllisSenior Portfolio ManagerParagon
Downing logo

Naismiths has been a preferred monitoring surveyor for Downing funds investing in several large care home developments over the last couple of years and has provided a consistently high quality of service on new build and refurbishment projects alike, taking time to understand funding dynamics and adding value.

John PilbeamConstruction DirectorDowning
Assetz Capital logo

We use Naismiths as monitoring surveyors on numerous and varied development projects and find the company to be highly professional and thorough in approach, providing clear and valuable input and advice throughout all stages of the development.

Jon PikeRelationship DirectorAssetz Capital
Alpha Proprety Group logo

Alpha Property Lending has enjoyed a continued relationship with Naismiths and highly rates and recommends its reporting and monitoring role. Naismiths sends clear, concise and professional reports which offer a precise and up-to-date position of the development project. Naismiths’ reports allow the lender to make an informed decision on funding property developments. Most importantly, Naismiths has been exceptional when further investigation or analysis is required. The company has always offered a high level of service throughout the duration of a development and the surveyors are always willing to provide further feedback when needed.

Joshua MarconConstruction Risk ManagerAlpha Property Lending
Mumbles Group logo

Over the past five years Mumbles Group Ltd has carried out several multi-million pound development projects requiring close cost monitoring from initial planning stages to completion on site. We have always worked closely with Naismiths which provided bank monitoring services required by our funders. The level of professionalism and attention to detail displayed by the company provided assurance to our bankers, resulting in smooth and timely drawdowns of funds. Its deep understanding of construction processes and buildability consistently helped our teams to deliver successful projects. We would highly recommend Naismiths to any company looking for exceptional professional and friendly services.

Chris SokolowskiDevelopment DirectorMumbles Group

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