Abstract
On the basis of the 12-year author's practice of Bank Investment Supervision developed methodology significant construction projects risks have been identified and measured: risks of the highest impact values and risks of the biggest likelihood appearance. The research has been recorded in 400 - 450 reports of 42 investment projects in advanced manufacturing, commercial, residential, hotels and apartment housing sectors. At least one risk of the highest measured level of significance has been highlighted at each phase of investment process: design, construction and maintenance. A reasonable level of risks significance has been determined which stands for not more than 1/3 of possible significance in “risks monitoring” strategy. Engineering, Project and Construction Management (EPCM) approach to investment process and solid, consequent, regular construction projects monitoring executed by professional Banking Supervision Inspector (BSI) make possible to minimise any faults of inappropriate financing of construction projects.
Highlights
The bank investment supervision/project monitoring services stand for monitoring of a construction project in terms of risks that may occur [1,2,3] as well as the financial schedule of all works, in order to evaluate the progress of the works in respect of the loan drawdown provisions
The positive assessment of development of the Commercial Centre Project of area 33,500 m2 located in Western Poland has been presented as an example of multi-criteria assessment undergone by a professionally experienced BSI in a period 2011-12 which was a prerequisite for the financing of the project out of credit funds
In order to assess the readiness of the construction project in question for financing and implementation, the employer provided the BSI with the project documents required for the inception report
Summary
The bank investment supervision/project monitoring services stand for monitoring of a construction project in terms of risks that may occur [1,2,3] as well as the financial schedule of all works, in order to evaluate the progress of the works in respect of the loan drawdown provisions. Engineer/project monitor—company providing services of technical supervision on behalf of financial consortium, prepared to undertake monitoring of the progress of works during the investment
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