Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Project monitor definition

What does Project monitor mean? A project monitor (also called a monitoring surveyor or fund monitor) is a professional engaged, typically by a lender or other funder, to provide independent oversight of a construction or development project and protect the funder’s investment. The term is descriptive rather than defined by legislation or case law, and usage is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland. Appointed under a bespoke monitoring appointment, the project monitor undertakes pre‑funding due diligence and ongoing monitoring, reviewing design, cost plans, programmes, procurement, contracts, statutory consents, insurances, bonds, warranties and health and safety compliance, and carrying out site inspections....

Project Monitors in Construction Lending: Due Diligence, Progress and Quality Monitoring, Payment Drawdowns, Practical Completion to Final Account, and Lender Liability—Scope of Duty Case Law

Published by a LexisNexis Construction expert

Practice notes

When a bank or another source of finance resolves to fund a construction or development scheme, it will typically appoint a Project monitor—often called a Monitoring surveyor—to keep the project under review on its behalf. Because a lender’s own staff are unlikely to possess both the time and the requisite expertise to perform this function, the monitor acts, in practical terms, as the lender’s ‘eyes and ears’. In most cases, project monitors are either project managers or quantity surveyors, as these two professions carry sound knowledge of the contractual framework as well as the construction process itself. The lender should involve the monitor from an early point in the design and procurement stages, with that involvement then continuing throughout the build, right through to practical completion and beyond. This Practice Note describes the principal duties and roles undertaken by the project monitor.

Pre-construction duties

Procurement strategy

At the outset of a construction development, one of the employer’s first decisions concerns the procurement route to adopt and use. The nature of the project, the complexity of the design, and the employer’s attitude to risk are amongst the matters weighed and taken into account when reaching that decision...

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Web page updated on 21/05/2026

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