Lending Reviews
Hambleton conducts pre-commitment reviews on behalf of Lenders contemplating investment in major construction projects, to ensure that:
- Commercial risks inherent in the project have been recognised and prudently and effectively dissipated by way of construction contracts and related documentation and the insurance arrangements;
- Mechanisms are in place from the outset to deal with the consequences should any of these risks (or those retained by the borrower) manifest themselves during construction, and appropriate early-warning procedures enable prompt identification and resolution of emerging commercial and construction problems; reducing the scope for delays and related claims and/or disputes; and
- Proposed construction programmes are fully developed and their underlying logic and completion periods realistic
This service is provided in an expanded form — encompassing design and enginering risks — under the auspices of CRM Associates, which brings Hambleton together with experienced construction and insurance consultancies to provide a comprehensive and fully-integrated service specifically designed to safeguard the interests of clients involved in the financing of major infrastructure, building and other construction projects.
Acquisition Due Diligence
Hambleton undertakes commercial audits and detailed risk assessments in relation to the acqusisition of built assets, project sites and construction companies. These processes incorporate:
- Viability reviews & longevity assessments
- Review of commercial and contractual liabilities and exposures
- Valuing of work in hand
- Review of warranties