KV Arthur Associates Ltd

provides professional Bank Monitoring Services to banks & lending institutions across Ireland

BANK MONITORING

KV Arthur Associates Ltd offers a specialist monitoring service to banks and other lending institutions. This service ensures that the interests of the lending institutions are protected during the course of a development process, safeguarding your investment and lending services.

During our bank monitoring services, an initial report will be prepared which will address issues such as building cost provision, the building contract, performance bond, level of contingency, contract completion dates, extent of PC, and provisional sums.

A monthly financial report will then be submitted to the lending institution which will review the items covered in the initial report. The report will also address such issues as contract variations, the value of work completed, review of programme and any contractual claims.

KV Arthur Associates Ltd liaises with the developer to discuss any discrepancies between actual performance and planned performance on site and a detailed report will be included in the monthly financial report, helping to streamline drawdowns.