• Project Overview

The project centred around the development of a large-scale residential community at the Carriglea Industrial Estate, Naas Road, Dublin 12. This ambitious development included the construction of 371 residential units, along with a dedicated crèche facility, and comprehensive ancillary drainage and siteworks to support the overall infrastructure. The total project value was €68.1 million, highlighting its scale and complexity.

• OCF’s Role in the Project

OCF Project & Commercial Management played a crucial role in ensuring the financial and operational success of the project by providing Quantity Surveying and Project Monitoring services on behalf of the lender. Our involvement was pivotal in maintaining financial oversight, and cost control, and ensuring that all project milestones were achieved in line with the lender’s expectations.

1. OCF provided end-to-end cost management and financial planning to maintain strict budgetary control throughout the construction process. This involved development budget planning, cost estimation, and procurement management, ensuring that each phase of the development was conducted efficiently and economically. Our team also prepared detailed bills of quantities, evaluated tenders, and provided contractual advice to facilitate smooth progress and value optimisation. OCF’s Quantity Surveyors worked to manage cash flows effectively, mitigating financial risk while maximising value for the stakeholders.
2. Acting on behalf of the lender, OCF’s Project Monitoring team ensured that the construction activities adhered to established standards, timelines, and budget requirements. We carried out detailed development reviews to assess progress and mitigate risks proactively. This included regular site inspections, engagement with contractors, and collateral warranty verification. By providing traffic light risk reporting and ongoing monitoring, OCF safeguarded the interests of the lender, ensuring that the investment was effectively managed and the project remained on track for a successful outcome. Our team also reviewed compliance certifications and monitored adherence to planning permissions to guarantee that the development met all statutory and regulatory requirements.

With a focus on clear communication, cost efficiency, and proactive risk management, OCF’s contribution ensured the successful delivery of the Carriglea Industrial Estate residential project. Our oversight not only facilitated the construction of quality homes and community facilities but also provided assurance to the lender that their investment was well protected, adding value to both the financial and built outcomes of the development.