GOROD GROUP | Monitoring the implementation of investment projects (monitoring of the progress of construction investment projects) in the field of real estate.

To attract credit funds in the leading financial institutions of the country (Bank Zenit, Sberbank, VTB, Gazprombank, VEB, Rosselkhozbank, etc.) with the purpose of realization of investment projects, the developer-borrower is required to engage an independent engineering company, which in turn will carry out in the interests of banking institutions monitoring the implementation of the investment project. In the future, such organization shall prepare periodic findings / reports to the Bank on the implementation of key performance indicators of the project / phase of the project, as well as information about the targeted spending aimed to implement the project credit funds.

Monitoring of construction projects from engineering company one city GROUP is an independent financial and technical expertise of the investment project at all stages of its development, the accuracy of the data and nezyblemosti the performance of other obligations described in the specifications of the Customer.

Investment monitoring of real estate are performed with the aim of providing interested parties with objective information about the investment object at the moment, as well as to prevent disputes and claims between the parties of the investment process.

Monitoring service company GOROD GROUP consists of several professionals with qualified engineers and construction control (technical supervision), lawyers, and financial analyst responsible for budgeting of the investment project and preparation of periodic reports.

The relevant service GROUP GOROD is provided by:

At the entrance to the project:

• Analysis of completeness and completeness of the content of initial permits at the time of entry into the project;
• Analysis of project-estimate documentation on construction of objects of real estate (residential, warehouse, industrial, office, retail, etc.);
• Analysis of previously implemented cost of implementing the project;
• Evaluation of work actually performed at the time of evaluation of the object;
• The formation of residual value of construction, etc.;

Subsequently, at the stage of realization of the investment project:

Conduct documented visual inspections to monitor the progress of the project, confirmation of the actual amount invested funds, and the executed amount of works on building of object of real estate, namely:

• Analysis of completeness and completeness of the content of initial permits at the moment;
• Analysis of project-estimate documentation on construction of objects of real estate at the moment;
• Analysis of current costs of project implementation;
• Verification of compliance with quality work and materials;
• Check the actually executed volume of construction works and their compliance with project and reporting documentation (forms KS-2 and KS-3);
• Analysis of the compliance cost of the actually executed volume of construction work contract, project and reporting documentation;
• Verification of compliance with the schedule of construction works with the fixing of the gaps;
• Quality control of work performed on the basis of visual inspection and review of appropriate documentation from technical services (without the production and technical expertise);
• Check of target use of loan funds in accordance with the terms of the Credit agreement;
• Control of pricing policy for the sale, lease, product, investments (housing, warehouses, offices, industrial premises, etc.);
• Evaluation of the work of the General contractor and Developer;
• Control service activities, performing functions of technical supervision /construction supervision;

Verification of the arising of additional volumes of construction works and confirmation of their need and value.
On the property which is the subject of Pledge, including an independent valuation of the Collateral (if necessary);
The outcome of the survey service is making periodic report to the Bank lender.