Live Site Services
So you've set your budget, cashflows are in place, designs are fixed, specification is bottomed out and all trades & materials are procured.
Is everything going to plan? Are we frequently monitoring the commercial performance of the development? Have we fallen behind and need a recovery strategy? This is where Fenton Commercial can assist your team understand their risks and assist with mitigation and recovery.
How we can assist you
Are You on Track?
Given the complexities of construction sites and when firing on all cylinders, it makes sense to conduct a health check of the development's performance and determine the level of compliance for various measurable elements.
A commercial audit can be very revealing: it can highlight our best, and worst practices - but importantly, gives us sight of where we require to improve and tighten control, or share our best practices with peers and colleagues.
We have standardised processes that can be tailored to your business, allowing a thorough audit of your development, highlighting strengths and weaknesses, giving you transparency and calls to action.
Obligations & Entitlements
Developing and maintaining strong working relationships is one of the most important components of a successful project, though relationships can sometimes become strained, and this is when contract obligations are often enforced - don't be caught out!
Does your team know their contractual obligations and entitlements? We offer contract review and support your team's understanding of required administration. We do this in a clear and concise fashion, giving your team the best chance of managing this important aspect throughout the development.
Progress, Liabilities & Profit Monitoring
Valuing the progress made on a project has many uses, not least, for application for payment and for accounting for the development's current liabilities.
Using the project-specific information, we can review site progress, record liabilities & value variations, providing a report determining completed works, works underway and future works (or cost to complete), compared to budget, measuring the commercial performance and profitability of your project. Doing this on a frequent basis is highly beneficial to maintaining commercial control.
Cut Cost Not Value
Finalising our budget at the start of a development gives us our most favoured starting point in relation to time, cost, turnover, profit and so on. Sometimes however, costs can spiral if we encounter unexpected issues.
Value engineering is a process utilised in the industry as a way of reviewing our initial strategy from programme to specification, and examining cheaper alternatives to protect margin.
We can assist your team in the review of alternatives, whilst being mindful that safety and overall project value is not impacted.