South Kensington Bank Monitoring Scheme

Adair were appointed by the private banking arm of a major lender as Project Monitors for a prestigious scheme in South Kensington. The initial project brief evolved due to several issues on site. The scheme was the remodelling of a significant London property, with the additional construction of a three level basement and subterranean pool. Appointed approximately 6 months after commencement on site, Adair’s initial review indicated issues with both recourse and transparency with the construction contract. Furthermore, the rate of progress was of concern, along with an evident deterioration of the relationship between client and contractor. Following further discussion Adair’s role was heightened to provide additional advice and oversight on the reduction of the contractors works to eliminate everything aside from the stage currently underway. This was concluded with a new procurement and management method in place for the fit out and finishing stage which is now commencing on site.

Project Details

Client:Private Banking arm of a Major lender
Date:September 2016 - Ongoing
Sector:Banking
Contract:Bespoke
Services:

Independent Fund Monitoring Surveyor