Investing in projects which are under various stages of construction carries considerable risk and it can prove difficult for lenders to secure and keep a track on the funding. To reduce risk involved in the development of large projects employ the services of a project monitor. Essentially, LIE estimates the project progress and cost incurred with respect to planned schedule. It may also suggest areas of concern that can derail the project completion within the budgeted cost and timeframe.

Project monitoring is carried out on behalf of stakeholders to inform them of the regular observation and recording of activities taking place in a project and the risks associated with a project. Without an understanding of the risk and the overall risk/reward relationship attached to transactions, poor decisions may arise that can ultimately undermine the business performance.

BOV offers LIE services to safeguard the interest and minimize the risk of the lender by assessing the costs incurred, and projection of future timelines and cost of completing the project