Monitoring surveying since 1982
QS Monitoring gives development lenders an independent, measured view of the schemes they fund, from the first appraisal to the final drawdown. It is led by the surveyor who founded the discipline in the UK.
Founded the discipline.
Shaping its future.
Monitoring. Measuring. Protecting value. A lender's money goes into the ground months before there is a building to show for it. We are the lender's eyes on site: independent of the developer, the contractor and the design team, and answerable only for the facts.
Services
We act for banks, specialist lenders and funds on residential, commercial and mixed-use development loans.
Measure
An initial appraisal of the scheme: build cost, programme, cashflow, contracts, consents and the team delivering it. You lend knowing what the budget will and will not cover.
Verify
A site visit and a written certificate of the work properly done, the cost to complete and any change to scope, quality or timing. Funds are released against evidence.
Monitor
Regular progress reports that track spend against appraisal, flag risk early and confirm practical completion, so the facility is repaid from a finished asset.
Independent opinion on construction cost, progress and monitoring practice for disputes and proceedings.
Appointment as receiver over development property where a facility is in default, to protect and realise the lender's security.
The origin of a profession
In July 1982 Bruce Smith took his first commission as a monitoring surveyor, for the bank Dunbar & Co. Lenders needed someone on site who worked for them alone, and a new discipline grew from that brief.
More than forty years on, monitoring surveying is a standard condition of development finance in the UK. QS Monitoring carries the original principle forward: independence, precision and professional integrity.
Founder
BSc MRICS, Chartered Quantity Surveyor
Bruce has acted as an independent monitoring surveyor for financial institutions for more than four decades and is recognised as one of the leading experts in the field. He founded the discipline in the UK in 1982, then founded Westminster Consultants and led it as Senior Partner, building it into one of the best-known names in project monitoring.
Alongside project monitoring he accepts appointments as a Law of Property Act receiver and as an expert witness. He established QS Monitoring to give lenders direct access to that experience.
Selected experience
From Grade I listed mansions to new homes on the Essex coast, each monitored for the lender by Bruce at Westminster Consultants.
Heritage and new build
City & Country restores and converts historic buildings and builds new homes beside them. Bruce monitored these developments for its lenders.
Mixed use, London N3
Homes above shops, commercial space and a new public library on Regents Park Road in Finchley Central. Completed in 2017.
Mixed use, London E8
An £18 million build overlooking the Regent's Canal.
Mixed use, London E5
A new church and community space with homes above, built in partnership with the congregation that owned the site. Completed in 2019.
Contact
Tell us about the scheme, the facility and the timetable. You will hear back from Bruce directly.