1. through Development Monitoring
Protecting
Expectations
The Fund
Guaranteeing an institutional
saleable asset for maximum
return on investment.
The Bank
Limiting exposure to construction
cost, ensuring a product for loan
security purposes.
The Occupier
Ensuring fit for purpose good
quality occupational space.
2. Whether fund, bank or occupier, it’s fundamental to you that projects are scrutinised, understood and monitored
to protect your investment.You want to understand risk, whether cost, time or quality and you need to understand
what your options are when things veer off track.
At Lambert Smith Hampton we are restless, relentless and reluctant to settle for the obvious. We’re lateral thinkers.
We’re skilful spotters of opportunity for our clients and we’re highly profit focused. Which is why we are dedicated
to finding more ways to add value to our clients property interests.
Conversion of 1920’s 8 Storey
office into 9 luxury apartments
next door to Buckingham Palace
Bank fully advised of the cost required to complete
against a shifting cost background, mitigating their
risk of financial exposure.
›› A detailed review of specifications,drawings and
contractor’s proposals against brief to ensure you’re getting
what you’re paying for.
›› Commentary on flexibility,future proofing and maintenance
in use requirements.
›› Review of design against institutional standards and how
this may impact future use.
£7.5m
›› Review of existing steel frame and clay pot floors to
determine capability and confirm costs.
›› Advise to the bank on additional spending to upgrade the
specification,matched by increased GDV.
›› Advice in relation to knock on delay from splitting
contracts between shell & core and fit out,to ensure
quality runs through.
Full review of project costs against market norm and
identification of value engineering options to support
your development appraisal.
Results
Results
Return on investment increased by 12%.
c/o Orchard Street Investment Management
120,000sqft£30m
›› A review of the risk register and the mitigation
measures in place by the project team.
›› Detail on how health and safety is to be
managed.
Control of risk throughout. Bankers able to
withstand scrutiny from credit on control
measures in place during construction from
our detailed monitoring reports.
£80m
Graham French
In all of these years I have never received the level
of understanding,support and flexibility as I have
on this project,an absolute pleasure to deal with.
Metropolitan Police
The Occupier
John Asplin
The service provided by Lambert Smith Hampton
means that we can get questions answered
quickly,can have ongoing dialogue throughout
projects to provide clarity and provide quick
responses to any issues as and when they arise,
without causing project delays or increasing costs.
Relationship Manager,
Co-operative bank
The Bank
The Fund
Marcus Langlands-Pearse
The combination of delivering the basics well
whilst driving added value initiatives through a
team effort produces regular out performance.
TIAA Henderson
STACK UP?
DOES IT
YOU GET
WHAT YOU PAY FOR KEY RISKS?
WHAT ARE THE
Value
Value
Value Size
Results
›› Identification of a developer lead investment
proposal. Thorough review of tendered construction
costs benchmarked against market rates.
›› Review of specification to produce headline
cost:benefit analysis, identifying value engineering
options to align with development appraisal.
›› Review of tenants fit out requirements and
incorporation to base build to avoid duplication of
works.
6-Storey Flagship Office
Building in Cambridge
›› Appointment of a well established construction
team with proven track record was key on this
innovative landmark project.
›› Monitoring of robust testing procedures
incorporated into the scheme including; load
testing and plant cranage.
›› Detailed review of EFTE installation.
›› Scrutiny of risk register and mitigation measures
reported, ensuring this remained relevant
throughout construction.
The Eden Project
Scroll over the questions where indicated to find
out more about our development monitoring
services and where we’ve done it before.
A detailed review of specifications,
drawings and contractor’s proposals
against brief to ensure you’re getting
what you’re paying for.
Commentary on flexibility, future proofing
and maintenance in use requirements.
Review of design against institutional
standards and how this may impact future
use.
YOU GET
WHAT YOU PAY FOR
A review of the risk register and the
mitigation measures in place by the
project team.
Detail on how health and safety is to be
managed.
KEY RISKS?
WHAT ARE THE
BACK NEXT
Interactive roll over
Full review of project costs against
market norm and identification of
value engineering options to support
your development appraisal.
STACK UP?
DOES IT
3. Occupiers interests protected from breach of
legislation and fully signed off scheme delivered.
›› Review of all environmental assessments and remediation
strategies agreed with the Environmental Agency.
›› Review of planning consent and conditions attached and
measures required for discharge.
›› Building Control status review.
›› Consideration to party wall and other neighbourly matters.
£6m
Value
›› Complex planning requirements requiring technical
design solutions were closely monitored to ensure
buildability and robust performance against a compliant
solution.
›› Compliance with Natural England requirements
pre-construction to ensure wild bird and bat surveys
completed and recommended measures implemented.
›› Full plans review with building control before
construction to ensure no design variations would be
required to meet building regulations.
Historic Building Refurbishment
to create contemporary student
accommodation
200,000sqft distribution facility
and associated offices
Fit for purpose, well built, on time and on budget
with full suite of construction documentation for
institutional investment.
›› Monthly reviews on site to assess quality of
construction and progress against programme.
›› Discussion on variations and implications to cost
programme,quality and risk.
›› Review of cost status.
›› Update on issues raised in our initial technical due
diligence report.
£8m
Value
›› Review of progress of works on site against developers
programme and advice when acceleration works needed.
›› Review of works completed against contractors valuation
and drawdown request.
›› Confirmation of costs required to build scheme out to
ensure fund never over exposed.
›› Review of quality of workmanship on site
›› Pro-active management of queries raised and compliance
with specification.
›› Update of outstanding information and queries raised in
initial technical due diligence report through to close out
of all issues.
South Yorkshire
Pension Authority
120,000 sqft manufacturing
facility including 20,000 sqft
of offices
Completed facility delivered on time within tight
timeframe, avoiding financial and operational penalties
for the client if former site was not decommissioned in
time.
›› Discussion around the procurement method chosen and
what this might mean for you.
›› A review of construction programme to ensure it is
realistic.
›› Comment on the project team,their experience and
credentials.
›› Procurement review undertaken with 2 stage tender
process recommended to achieve mobilisation quickly.
›› Identification of a contractor with proven track record
and credentials in building a facility of this kind.
›› Negotiation of fixed price contract through collaborative
working.
›› Critical Path identification allowing project progress to
be closely monitored and measures implemented to
meet key milestones.
Home Decor
£7.75m
Value
Everybody at Home Decor joins me in offering our sincere thanks for all of your efforts
in helping bring this project to a timely conclusion.
64 Apartments close to the
Olympic Stadium, Stratford
Full protection afforded to the bank during
construction in the contract and afterwards with
institutionally acceptable suite of warranties.
›› Commentary on contract conditions and the benefits
of these to you.
›› Details of Warranties being provided and the
protection afforded to you.
›› A review of cash flow forecast against programme to
ensure you’re never over exposed.
£10m
Value
›› Scrutiny of construction documentation,in particular
design solutions for substantial concrete cantilever
and balcony construction.
›› Detailed review of construction contract and
negotiation of step in rights for funder.
›› Review of warranties and protection afforded,
ensuring that warranties reflected appointment
documentation leaving no gaps in responsibility.
Max Crosby-Browne
CEO of Home Decor
CAN IT BE
DELIVERED? PROTECTED?
ARE WE
LEGISLATION?
WHAT ABOUT WATCHING
BRIEF
Results
Results
Results Results
Interactive roll over
Monthly reviews on site to assess quality
of construction and progress against
programme.
Discussion on variations and implications
to cost programme,quality and risk.
Review of cost status.
Update on issues raised in our initial
technical due diligence report.
WATCHING
BRIEF
Review of all environmental assessments
and remediation strategies agreed with
the Environmental Agency.
Review of planning consent and conditions
attached and measures required for
discharge.
Building Control status review.
Consideration to party wall and other
neighbourly matters.
LEGISLATION?
WHAT ABOUT
BACK NEXT
Discussion around the procurement
method chosen and what this might mean
for you.
A review of construction programme
to ensure it is realistic.
Comment on the project team,
their experience and credentials.
CAN IT BE
DELIVERED?
Commentary on contract conditions
and the benefits of these to you.
Details of Warranties being provided
and the protection afforded to you.
A review of cash flow forecast against
programme to ensure you’re never over
exposed.
PROTECTED?
ARE WE
4. At Lambert Smith Hampton we have 34 specialist project monitoring surveyors covering the
length and breadth of the UK and Ireland. If you would like further information or to discuss
a requirement please contact one of our key contacts below.
Contact
The North
Central
South
Brennan
Tony
Northampton
01604 664 357
abrennan@lsh.co.uk
Daniels
Richard
Northampton
01604 664 359
rdaniels@lsh.co.uk
Bates
Ian
Northampton
01604 664 395
ibates@lsh.co.uk
Taylor
Gayle
Manchester
0161 228 6411
gtaylor@lsh.co.uk
Pincott
David
London
0207 955 8446
dpincott@lsh.co.uk
Anderson
Jon
Leeds
0113 887 6718
janderson@lsh.co.uk
Myles
Steven
London
0207 198 2375
smyles@lsh.co.uk
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