The role of the Lender's Independent Monitoring Surveyor is a specialist service. The role requires experienced and skilled professionals who understand the Lender's perspective and requirements. Accurate risk assessment is paramount to how Lender's will regard each funding proposal and a full appreciation of all the costs associated with an appraisal. For more information about any product or service then please click on the title (in blue) to go to the details page for that product or service.
Mensura offers professional Independent Monitoring Surveying services to Banks and Lenders who require assurance that funds lent to Developers and Borrowers remain safely within their risk profiles and provide a return on investment.
The Independent Monitoring Surveyor's (IMS) primary obligation relates to the independent technical due diligence of a project. This is done by assessing the initial risks and thereafter monitoring the progress of the project, assessing risks and recommending debt draw-down from the technical perspective in accordance with the agreed lending terms. The IMS should seek to positively influence the project to ensure that the lenders' interests and exposure is properly considered at each period, providing ongoing commentary, opinion and confirming sufficient funds remain available with which to complete the scheme.