Issue:

An international data center developer sought assistance in monitoring financial and schedule performance, potential risks, critical project activities and overall status of a selection of their domestic and international development projects.  The company sought to identify, monitor and mitigate potential risks, such as project delays and cost overruns, while maintaining compliance with all investor and lender requirements throughout the development process.

Solution:

StoneTurn provides monthly project monitoring services to the company, which include collaboration with development partners, scheduled health and progress monitoring, review of project progress, identification of key and emerging risks, audit of reported costs and exposures, analysis of procurement status of subcontractors and materials, as well as other critical development support activities.

Results:

StoneTurn prepares and delivers risk assessments and individual reports for all in-scope development projects across the entire project lifecycle. StoneTurn’s findings and recommendations assist the client with the identification and mitigation of early-project risks, such as poor schedule quality or contractual issues, mid-project risks, such as schedule progress, procurement delays or excessive contingency spending, and late-project risks, such as late phase delays, punch list resolution and closeout monitoring. This reporting is used to drive the company’s internal and external reporting to key stakeholders and investors, as well as evaluating development partner’s construction management efficacy.