distressed site recovery pdf

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Providence Distressed Site Recovery Pump House Felcourt Farm | Felcourt East Grinstead RH19 2LQ T: 01342 832003 E: [email protected] www.providence-group.co.uk

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Page 1: Distressed Site Recovery Pdf

Providence

Distressed Site Recovery

Pump House Felcourt Farm | Felcourt East Grinstead RH19 2LQ T: 01342 832003 E: [email protected] www.providence-group.co.uk

Page 2: Distressed Site Recovery Pdf

Distressed Site Recovery

Flexible solutions for

your needs….

KENT OFFICE

Main Contact: Darren Tancred

M: 07734 808477

E: [email protected]

Introduction

Providence specialises in rescuing distressed stock where a contractor or developer is no longer

involved in a project or development.

The developer or contractor may have entered insolvency/ administration or no longer be able to

proceed with a project for other reasons.

Economic uncertainty has presented new challenges, but also created new opportunities; in recent years

we have assisted Banks, LPA Receivers, Developers and Landowners in delivering these troubled

projects…

Our success is underpinned by our focus in providing a customer focused service for our clients.

We are appointed where developers struggle to complete a project, they and their funders may take the

decision to dispose of the site which is partially completed or the bank may be forced to reclaim the

asset. This also applies where a construction company is contracted to carry out works and the contract

is terminated through insolvency/ administration or non-performance.

We provide clients with an effective and proactive solution, Providence has an established track record in

rescuing these types of projects.

Construction Issues

Significant issues will become apparent on partially complete projects and are likely to include;

- Health and safety of the site and client liability,

- Insurance of the site and existing structures,

- Suitability of works completed to date,

- Understanding the liability with regards to Planning Approval and Building Regulations,

- Understanding the costs required to complete the works,

- Liability for defective work.

www.avolon-utility.co.uk

Follow Us! …

SURREY OFFICE

Main Contact: David Deloughery

M: 07921 395910

E: [email protected]

CONTACT US

E: [email protected]

Providence

Page 3: Distressed Site Recovery Pdf

Our Services

Providence offers a range of solutions to our clients in either a consultancy capacity or as a principal

contractor, these include;

- Budget and reporting on costs to complete the project,

- Survey and reporting of existing works completed,

- Lump sum price to complete the project,

- Adopt other procurement routes to complete the project,

- Project administration and monitoring.

With the assistance of our professional team we are able to offer the following service;

- Advice relating to planning approval and associated conditions,

- Advice relating to building regulation approval and associated conditions,

- Advice of any structural warranty insurance package,

- Advice on the engagement of existing professional team.

- Package to complete design work on the project.

Information release and copyright is an issue for many distressed projects, considering most parties

employed on a project may be a creditor to the previous company involved on the project, we can assist

in discussions, negotiations and the retention of these companies.

www.providence-group.co.uk | [email protected]

Pump House Felcourt Farm | Felcourt East Grinstead RH19 2LQ T: 01342 832003 E: [email protected] www.providence-group.co.uk