Enhanced Project Monitoring
Independent and Impartial Guidance to Help Mitigate Potential Project Risk
Cumming provides independent project monitoring services to financial institutions and property developers. We split our services into initial due diligence and monthly monitoring to identify and mitigate risks as early as possible. Our project monitors are able to identify potential issues or failures in a timely manner and protect our clients’ interests throughout the lifecycle of the project by reducing their exposure to risk.
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Benefits of Enhanced Project Monitoring
Informed insight + opinion
Detect/predict cost + schedule risk
Consistent testing to ensure performance
Independent, frequent updates to clients
Our Representative Experience
432 Park Avenue
New York, New York
Cumming is providing enhanced fund monitoring to our UK-based client, who is unable to regularly attend project meetings or site visits. Our knowledge of local conditions and practices allows the client to make informed project decisions. Designed by Rafael Vinoly, the project will be the tallest residential tower in the western hemisphere at 1,396 feet and will dramatically change the New York City skyline. Cumming is providing fund monitoring to both the lender and developer.
Four Seasons at 30 Park Place
New York, New York
This Four Seasons hotel/ condo project is a new-build, 82-story tower in the Tribeca neighborhood of New York City. Representing one of the project’s anchor lenders, Cumming was initially retained to review all drawings, plans, permits, contracts, and current costs to produce an extensive due diligence report used by the lender to decide whether or not to provide loans for the project. Our role later expanded to include monthly site visits, change order reviews, requisition reviews, and participation at meetings. Cumming also prepares monthly reports providing updates on project status.
Project monitoring consists of independent and impartial guidance which identifies and reduces potential risks for our clients.
Cumming provides independent project monitoring services to financial institutions and property developers, giving them key support when they need it most. These services — which are based on our fact-driven construction expertise — identify and mitigate risks as early as possible. In providing projects with overall risk management, our project monitors are able to identify potential issues or failures in a timely manner and protect our clients’ interests throughout the lifecycle of the project by reducing their exposure to risk.