Development
monitoring.
Cost, programme, risk and drawdown tested against the facility — with the questions asked before they become problems. For lenders and investors who need to know what is actually happening on site.
Who appoints NorthEight
Development lenders, private equity funds, challenger banks and investor groups holding security over residential or mixed-use schemes. Typically appointed at facility offer stage, pre-first-drawdown.
When they call
Before facility offer (pre-acquisition due diligence), at first drawdown (initial site and cost review), monthly through construction, or urgently when a red flag has been raised — contractor distress, cost overrun, programme slippage or valuation dispute.
What NorthEight does
Monthly monitor's report covering: certified position vs sanctioned cost plan, programme status vs contract, tender and procurement review, risk register and contingency drawdown, cost-to-complete forecast, drawdown recommendation. Pre-acquisition phase: cost plan benchmarking, contract review, development appraisal testing and written findings with RAG-rated recommendations.
What we need from you
Facility agreement and security documents, sanctioned cost plan, development appraisal, construction contract, current programme, latest valuation and drawdown certificate. For pre-acquisition: target scheme cost plan, contract and appraisal.
What happens next
Conflict check → initial call to understand the scheme, facility and concerns → receive documents → written scope and fee proposal → appointment. First report typically within 10 working days of instruction.
Fee basis
Monthly retainer through the monitoring period, or fixed fee for pre-acquisition due diligence. Fees are always agreed in writing before work starts.
Portfolio-scale development monitoring across dozens of concurrent schemes — pre-acquisition diligence, purchase approvals and monthly drawdowns, reporting at board level. Nineteen years across Tier 1 contracting, development and consultancy.