GAR provides Lenders Supervision & Project Monitoring Services proficiently for both technical and financial aspects of the new construction projects as an integrated part of the Project Management Services through its worldwide office network and senior experts…
GAR Lenders Supervision & Project Monitoring Services enables the financial institutes to identify the treats in front of the timely completion within budget and time, besides the delivery of regular independent monitoring agency report outlines the project progress, updated work schedule, risks, observations and nonconformities if any.
GAR also provides to the loan applicants assistance services to expedite the loan allocation process such as project development, project finance services, technical representative services, due diligence, consultancy on local and international regulations, other services relevant to new investment consultancy.
Although the scope of work generally defined by the financial institutes for the Lenders Supervision Activities to give an outline of the activities we perform within this frame indicated below by no means be limited to:
- Independent Review & Verification of Design & Engineering for the Construction Projects i.e. construction plans, contracts, insurance policies, budget, work schedule, permit and licenses,
- Fulltime or Periodic Technical Site Supervision,
- Participation to Meetings of Developers and Constructors
- Assessment of the compliance for the Corporate Social Responsibility & Performance Standards defined by the financial institutes,
- Progress Monitoring & Reporting,
- Independent Review and Approval of the Progress Payments,
- Witnessing to Pre-Commissioning & Commission Activities,
- Review of the fulfillment of the contract obligations,
- Witness to Hand-Over to the Future Owner,
- 3rd Party Project Certification
