Due diligence/project monitoring

Due diligence/project monitoring

Identifying and mitigating risk in property development transactions

Currie & Brown is one of the largest consultancies dedicated to advising clients in respect of the procurement, construction and management of the built environment.

We are a company with a diverse skills base and the ability to adapt to any business change and evolution, thus ensuring our clients maximise their opportunities and minimise their risks. With over 125 years’ experience within the property and construction industry, Currie & Brown understands fully the risks associated with lending to property development transactions.

Currie & Brown is flexible in its approach and is able to focus on the real issues, providing relevant due diligence advice on a project-by-project basis. We have acted on single project deals from £0.5 million to portfolio transactions in excess of £1 billion.

We have a practical approach, working with funding institutions and teams of professionals to identify and mitigate risk in a transaction, thus ensuring the funder has the relevant information during the various stages when making important investment decisions.

Pre-initial report:

We provide focused advice on the critical issues of a project prior to site acquisition drawdown. This enables the funder to make important decisions before committing to a project.

This may include an overview of the following:

  • planning consent
  • construction cost/ budget estimate
  • construction programme
  • site conditions

Initial due diligence report:

We build on our initial knowledge of the scheme to provide a full due diligence report, focusing on all areas of the construction to identify areas of risk prior to construction drawdown.

This may include an overview of the following:

  • contractor capability
  • form of contract
  • development cash flow
  • detailed cost analysis

Project monitoring:

We are the funder’s ‘eyes and ears’ on site throughout the construction period. We review progress on site, review the contractor’s monthly application and approve the developer’s monthly drawdown. At all times we are focused on the cost to complete the project.

As experts in the due diligence market, we understand that we all live and work in an ever-changing and more demanding world. Currie & Brown has grown to become one of the largest and most respected consultancies in the due diligence market.

For further information about Currie & Brown’s due diligence service please contact enquiries@curriebrown.com.