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Get your project back on track!

05/01/2009

Watts responds to market conditions and its clients’ needs, with a trouble shooting service for property investors and occupiers with interests in incomplete assets and high-risk investment plans.

Capital and stock markets are in chaos. This is leading to many construction project failures and suspensions, arising from administration, insolvency, restriction upon credit and simple poor performance. In the face of crisis and uncertainty, Watts provides leadership, experience and technical expertise. Our 40-year trading record acting for investors and occupiers and our experience in the provision of technical due diligence and project management, enables us to understand the issues that are associated with project failure and suspension. With the priorities established and the issues defined, we progress to creating and then implementing a recovery plan.

 

Service includes:

  • Review of the business case, including provision of affordable housing
  • Technical due diligence, including condition survey and defect analysis
  • Financial due diligence
  • Interrogation of construction process
  • Assembly of recovery plan
  • Project management of recovery plan, including employer’s agent and contract administration
  • Cost management of recovery plan
  • Arm’s length monitoring of recovery services provided by others.

 

For further information regarding Watts’ project recovery capabilities, please contact Tim French on T: +44 (0)20 7280 8000 or Stuart Russell on T: +44 (0)161 831 6180.

 

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