Once a project is approved and closed, the developer partner or the partner's designated proxy must comply with detailed monthly, quarterly and annual reporting requirements as set out in the legal agreements.
These reports will include details of construction progress, sales and marketing, income and expenditure, cash flow projections, budget variance analysis and an updated business plans for the project. The IHS Asset Manager works closely with the developer in the preparation, formatting and timing of these reports.
Typically, there will be a monthly steering committee meeting for each project, where the developer can discuss the reports with the IHS Asset Manager.
