Investing in construction projects carries considerable risk and it can prove difficult to secure funding. To reduce risk, many large projects employ the services of a project monitor.
Project monitoring is carried out on behalf of investors such as fund managers, to inform them of risks associated with a project. Their role is to provide advice on risk and return on a financial investment.
Without an understanding of the risk and the overall risk/reward relationship attached to transactions, poor decisions may arise that can ultimately undermine your business performance.
This section is maintained by Dr Joe Giordano of Bargate Consulting Ltd.
RICS standards: Project monitoring
Document template: Project monitor drawdown letter
Document template: Project monitor instruction letter