Due Diligence / Monitoring
We work alongside lawyers and other specialists to manage the due diligence work associated with site purchase, purchase of existing developments and, particularly, the purchase of partially complete projects.
We also provide fund monitoring services to project financiers, overseeing developments on their behalf and reporting regularly on project progress, risk and financial status.
Essex College
Anser were engaged by a national contractor to carry out an audit on a £6m new build, design and build project for the College.
The works involved construction of classrooms, a performance art theatre, kitchens and a restaurant within the college’s existing grounds. Works were being carried out within a very constrained site and to a tight programme aimed at completing the works ahead of the start of the new academic year.
We identified delay and escalating costs. We then carried out a detailed review identifying the reasons for the delay and increased cost and making proposals to recover or mitigate the problems. As a result, the contractor re-programmed the works and agreed a revised completion date with the Client. The project was completed successfully.