A bank is financing construction
Independent verification of quantities and use of funds is required ahead of each drawdown.
Project Management Services A10
Lender's technical monitoring for banks and investors
A lender needs an independent answer to three questions: were the claimed quantities actually built, does expenditure match the budget, and is the facility sufficient to completion. We provide that answer monthly, in auditable form.
How it is bought
- Format
- A standalone Managed Service, or inside a PMC contract
- Fee
- Monthly team rate
- Who it is for
- Owners with their own team but a gap in one competence
- Projects
- 3 projects
We reply within 1 business day. A commercial proposal follows within 5 business days of the scoping meeting.
In substance
What this service is
Monitoring is delivered by Engineering Services — the consortium company accredited by the Development Bank of Kazakhstan. A one-off audit establishes status at a point in time; continuous monitoring runs monthly for the life of the facility.
When you need this service
The investor is not in operational control
An owner or fund needs independent monthly oversight of progress and expenditure.
The certificates are in doubt
Claimed quantities raise questions and there is no internal capacity to verify them.
A funding sufficiency forecast is needed
Cost to Complete must be calculated: will the committed facility carry the project to completion.
What we do
Monthly quantity verification
Site visits, instrumental and documentary verification of quantities actually executed, reconciled against certificates.
Use-of-funds control
Payments matched against executed works, deliveries and contract terms.
Budget and schedule compliance
Variance analysis against the approved budget and schedule, with cause assessment.
Completion forecast
Cost to Complete and completion date forecast; assessment of facility sufficiency.
Lender reporting
A monthly independent statement in the format required by the bank or investor.
Deliverables
Deliverables
The specific documents, reports and management products that remain with the client.
- Monthly independent monitoring statement
- Verified statements of executed quantities
- Use-of-funds opinion
- Budget and schedule variance analysis
- Cost to Complete and funding sufficiency assessment
- Photographic record and site visit documentation
- Register of identified risks and recommendations
Client outcomes
Drawdowns follow verified work
Funding tracks physical reality rather than the borrower's reporting.
Deviations found early
Problems surface in the monthly cycle, not at completion.
Independence from the borrower
The opinion comes from a party with no role in construction.
An auditable basis for decisions
Bank and investor receive a documented picture of the project.
FAQ
Frequently asked questions
Not answered here? Write to us and we will respond on your case.
An audit establishes project status, quantity accuracy and expenditure at a given date. Continuous monitoring runs monthly through the financing period and issues an opinion for each drawdown.
Yes. The function is performed by Engineering Services, a company within the INVECON consortium accredited by the Development Bank of Kazakhstan.
Yes. The format suits any owner or fund outside operational control: the work is identical, only the recipient of the report changes.
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Shall we discuss your project?
Tell us about the asset and the current stage — we will propose a working format and team composition. A commercial proposal follows within five business days of the meeting.
We reply within 1 business day. A commercial proposal follows within 5 business days of the scoping meeting.