Funder Services
At the heart of WKN’s Funder Services is a commitment to protecting clients’ interests through robust risk assessment and ongoing monitoring.
Project Monitoring
As Project Monitors, WKN provides independent and impartial advise to Funders, utilising our complete range of skills, experience and expertise in planning, project financial appraisal, cost consultancy, engineering and construction, backed by our thorough understanding of the overall property development process.
Risk transparency, control and certainty are at the core of all Funder operations. In our role as Project Monitors, WKN reviews and appraises proposed developments to ascertain the nature of each project and to identify and manage risks through all phases of the funding model that may affect project.
The process is usually completed under two stages:
- Initial Project Monitoring: This stage involves, among other variables, review of development budget and project viability; financial appraisal and cashflow review; statutory compliance; review of finance, consultancy and construction agreements; programme assessment; and Health & Safety.
- Interim Project Monitoring: This stage involves, among other variables, site visits; monitoring of programme and Contractor performance; quality, and Health & Safety; approval of development expenditure; budget and cost reviews; statutory compliance; and identifying project changes and project risks/potential risks.
WKN focus on reducing risk exposure and improving the prospects for a successful project completion for both the Funder and Promotor alike.
Other Services
WKN provides clients with a comprehensive range of skills, experience and expertise to manage risk through all phases of the funding and development model. Where services fall outside the core Project Monitoring role, WKN can also provide, among others:
- Independent Tester (IT)
- Pre-Credit Initial Due Diligence Review and Reporting
- Facility Agreement Review
- Property Valuation
- Distressed Project Services
Our focus is on reducing risk exposure and improving the prospects for successful project completion for both the Funder and Promotor alike.
