Typically used in Development Finance, as the Lender will appoint their own QS to monitor the project (the Borrower picks up the cost of this). They will be asked to carry out a QS Initial Assessment and QS Monitoring. They are there to assess the Build Costs and timeline are realistic, and check the works throughout the project. They need to be satisfied with the works carried out to allow funds from the Build Loan to be released by the Lender.
