• Project Overview

The Carrigtwohill Housing Development was a large-scale residential project comprising the construction of 215 dwelling houses along with related site works in Carrigtwohill, County Cork. With a project value of €43.9 million, this development was aimed at providing much-needed housing to the rapidly growing community, offering high-quality residences in a well-connected area. The project focused on building sustainable and comfortable homes that meet modern standards while contributing to the expansion of residential infrastructure in the region.

• OCF’s Role in the Project

OCF Project & Commercial Management played a crucial role in the Carrigtwohill Housing Development by providing both Quantity Surveying and Project Monitoring services on behalf of the lender. Our involvement was essential in ensuring the financial stability and regulatory compliance of the development while safeguarding the interests of the lender throughout the construction process.

1. OCF’s Quantity Surveying team provided comprehensive cost management and financial control services to ensure the project stayed within budget while maximising value. Our role began with budget planning and cost estimation, delivering detailed and accurate financial assessments that formed the foundation for informed decision-making. We prepared bills of quantities to guide the procurement of materials and labour, enabling a streamlined and cost-efficient construction process. We oversaw tender management, facilitating the selection of reliable contractors and suppliers to ensure value for money without compromising on quality. Throughout the construction phase, we closely monitored cash flow, implemented cost control measures, and conducted ongoing risk assessments to address potential financial uncertainties. Our goal was to optimise the project’s financial viability while maintaining the highest standards in construction.
2. Acting on behalf of the lender, OCF’s Project Monitoring team played an instrumental role in overseeing the project to ensure it adhered to agreed timelines, budgets, and quality standards. Our responsibilities included conducting detailed development reviews to assess ongoing progress and identify potential risks before they impacted the project. We provided traffic light risk reporting, giving the lender a clear understanding of the project’s status and any areas that required attention.OCF’s team also engaged in regular site inspections, verified compliance with statutory and regulatory requirements, and reviewed contract procurement and warranty provisions to protect the lender’s investment. Our proactive approach to construction monitoring ensured that all activities were progressing according to the agreed schedules and that the quality of the work met the high standards expected. Our collateral warranty verification and planning adherence certification further guaranteed that the project remained compliant with both legal and lender requirements.

• Project Impact

The Carrigtwohill Housing Development has made a significant contribution to meeting the housing needs of County Cork, providing 215 new homes that blend quality, comfort, and sustainability. Through the combined expertise of our Quantity Surveying and Project Monitoring teams, OCF ensured that the development was executed with precision, financial accountability, and adherence to regulatory standards, all while safeguarding the lender’s investment.

OCF’s dual role in the project not only facilitated the efficient allocation of resources and cost control but also assured the lender that their investment was managed effectively, with transparency and accountability. Our focus on value-driven services, effective communication, and proactive risk management ensured that the Carrigtwohill development was completed on schedule, within budget, and to a high standard of quality, contributing to the community’s growth and improving the local housing landscape.