Project monitor initial report format
The initial audit report provides the opportunity for the project monitor to fully acquaint itself with the proposed scheme. Once complete, the report should provide a complete picture of the project including the desired specification, design brief and constraints:
• the development appraisal and associated cost build-ups;
• the design and construction programmes; and
• the design and construction team.
Using its experience, the project monitor will then be able to advise the bank or fund on the risks associated with the project and fully appreciate the consequences of variations or changes, as they arise.
This is an example of the format for the initial audit report.