Project separation
Each project is intended to operate through its own SPV, financial records, project documentation, and reporting framework.
Governance
Defined oversight for project-level decision-making.
M3's intended framework is designed around project separation, documented approvals, budget controls, development oversight, reporting, and project-specific decision rights.
Architectural reference
Reference image for material and facade tone.
Framework
Governance is expected to be defined at the SPV level.
Exact rights, procedures, reporting, and controls will depend on the relevant project documents. The framework below describes M3's intended operating approach.
Decision-making
Project documentation is expected to define approval rights for budgets, material contracts, financing, major variations, asset sales, and distributions.
Financial controls
The intended framework includes budget approval, budget-versus-actual monitoring, variation approval, cash-flow tracking, and project-level accounting.
Development oversight
M3 expects to monitor design, permitting, procurement, contractor progress, construction milestones, cost movements, and delivery risks.
Investor reporting
Reporting frequency, content, rights, and decision procedures will be established in the relevant project documents.
Conflicts and external support
The operating model is intended to use documented conflict procedures and external legal, accounting, audit, technical, or valuation support where appropriate.
Documentation-led