_
_ Real Estate Development Services
- Feasibility Analysis (Comprehensive Cost Analysis, Supply & Demand, Time and Space Analysis)
- Site Review, including Due Diligence Analysis (Traffic, Access, Utilities)
- Construction and Operating Cost Analysis
- Assistance in the creation of development / ownership entities
- Assistance with Equity & Debt Relations
- Constructability Analysis and Scheduling
- Creation of Project Team (including recommendations for appropriate leasing / sales brokers)
- Project Development
- Design Team Coordination
- Securing of Entitlements / Procurement of Permits / Approvals
- Construction Management (bidding and contract award supervision)
- Construction Financing and Permanent Refinancing Assistance
Pre-Construction Phase Services
- Assist and orchestrate the proper due diligence of determining the highest and best use of the subject property.
- Render opinion in assessing the physical constraints, governmental limitations and economic viability of developing the project on the subject site.
- Assist Owner in the platting of the Site in accordance with the applicable platting laws and make recommendations to Owner regarding such
platting.
- Designate, from time to time, a chief project representative who is fully authorized to act on behalf of the Project.
- Assist Owner in negotiating a contract to provide architectural and construction services (such firm being the "Contractor").
- Provide a preliminary evaluation of Owner's program and Project budget requirements, each in terms of the other. With the architect's and
general contractor's assistance, prepare preliminary estimates of the construction cost of the Project.
- Assist Owner, Contractor and the architect in achieving program and Project budget requirements and other design parameters. Analyze cost
evaluations of alternative materials and systems and provide recommendations to Owner.
- Review design documents and schedule and attend regular meetings with the architect and Contractor during development of the conceptual and
preliminary design to advise Owner on the improvements, selection of materials, and building systems and equipment.
- Analyze contractor's recommendations on construction feasibility, time requirements for construction, and factors related to cost of the Project and
provide recommendations to Owner.
- Direct development of a Project schedule that coordinates the architect's design efforts and the construction schedules, and update the Project
schedule, fromtime to time, incorporating a detailed schedule for all activities on the Project, for Owner's approval.
- Advise Owner if, in Manager's opinion, the Project schedule will not be met and make recommendations for corrective action.
- Prepare a Project budget when major Project requirements have been identified, and update the budget, from time to time, for Owner's approval.
- Advise Owner if, in Manager's opinion, the Project budget will not be met and make recommendations for corrective action.
- Review the drawings and specifications for the Project as they are being prepared and recommend alternative solutions whenever design details
affect construction feasibility or schedules without, however, assuming any of the architect's responsibilities for design.
- Recommend for purchase by Owner and expedite the procurement of long-lead items to ensure their delivery by the required dates under the
Project schedule.
- Review all construction contracts for Owner's approval and participate with Owner in the negotiations of such contracts. Coordinate with Owner in
the development of the bonding and insurance requirements to be imposed on the general contractor(s) and any subcontractors, if any.
Construction Phase Services
- During the construction period, Monitor the Contractor's performance of its construction contract and coordinate the construction with the activities
and responsibilities of Owner, architect, and Manager.
- Schedule and direct progress meetings at which the Contractor, Owner, architect, and discuss jointly such matters as procedures, progress,
problems, and scheduling. Direct that notes to be taken at each such meeting.
- Provide regular monitoring of the Project schedule as construction progresses, identify potential variances between scheduled and probable
completion dates, andrecommend to Owner and the Contractor adjustments in the schedule.
- Recommend courses of action to Owner when the requirements of the construction contract are not being met.
- Revise and refine the initially approved Project budget to incorporated approved changes as they occur. Manager shall identify
variances between actual and budgeted costs and advise Owner whenever projected costs exceed budgeted costs.
- Develop and implement a system for the preparation, review, and processing of change orders for the Project. Recommend necessary or desirable
changes to Owner and architect, review requests for changes, submit recommendations to Owner and architect, and assist in negotiating change
orders.
- In collaboration with architect, develop and implement a procedure for the review, approval, processing, and payment of applications by the
Contractor for progress and final payments. Owner is responsible for all payments under construction and design contracts related to the Project.
- Assist Owner and architect in obtaining all building permits and plan approvals for the Project.
- Assist Owner in selecting and retaining professional services of a surveyor, testing laboratories, and special consultants and coordinate these
services.
- In collaboration with the architect, establish and implement procedures for expediting the processing and approval of shop drawings and samples.
- Manager shall Advise Owner regarding the progress on the Project including information on the Contractor's work and the percentage of
completion.
- Maintain current records of all contracts, drawings, samples, maintenance and operating manuals, and other construction-related documents. At
the completion of the Project, cause to be delivered all such records to Owner.
- In collaboration with the architect, determine substantial completion of the Project and oversee the Architect's preparation of a "punch list" of
incomplete or unsatisfactory items and a schedule for their completion.
- Direct the checkout of utilities, operations, systems, and equipment for readiness and assist in their initial start-up and testing by the Contractor.
- In collaboration with the architect, determine final completion and notify Owner that the Project is ready for final inspection. Turn over to Owner
all keys, manuals, and record drawings.
- Collect and deliver to Owner any specific written warranties or guarantees regarding the Project.
This document and the materials contained herein are not to be interpreted as a commitment from Manager or Developer until such time a formal mutually agreed upon and fully executed document is in place that will further describe the scope of work for any particular project, in part or in whole. Any and all research of the subject property may or may not require third parties working on behalf or other third party sources, which in my reasonable belief provide the best information available with regard to analysis. Conclusions reached based on this data are based in whole on such information and our reasonable estimation of all factors available at the time of preparation. I provide no representation or warranty whatsoever with regard to any conclusion reached as a result of this analysis, nor should you rely on the accuracy of such materials or conclusions reach by use thereof.
- Feasibility Analysis (Comprehensive Cost Analysis, Supply & Demand, Time and Space Analysis)
- Site Review, including Due Diligence Analysis (Traffic, Access, Utilities)
- Construction and Operating Cost Analysis
- Assistance in the creation of development / ownership entities
- Assistance with Equity & Debt Relations
- Constructability Analysis and Scheduling
- Creation of Project Team (including recommendations for appropriate leasing / sales brokers)
- Project Development
- Design Team Coordination
- Securing of Entitlements / Procurement of Permits / Approvals
- Construction Management (bidding and contract award supervision)
- Construction Financing and Permanent Refinancing Assistance
Pre-Construction Phase Services
- Assist and orchestrate the proper due diligence of determining the highest and best use of the subject property.
- Render opinion in assessing the physical constraints, governmental limitations and economic viability of developing the project on the subject site.
- Assist Owner in the platting of the Site in accordance with the applicable platting laws and make recommendations to Owner regarding such
platting.
- Designate, from time to time, a chief project representative who is fully authorized to act on behalf of the Project.
- Assist Owner in negotiating a contract to provide architectural and construction services (such firm being the "Contractor").
- Provide a preliminary evaluation of Owner's program and Project budget requirements, each in terms of the other. With the architect's and
general contractor's assistance, prepare preliminary estimates of the construction cost of the Project.
- Assist Owner, Contractor and the architect in achieving program and Project budget requirements and other design parameters. Analyze cost
evaluations of alternative materials and systems and provide recommendations to Owner.
- Review design documents and schedule and attend regular meetings with the architect and Contractor during development of the conceptual and
preliminary design to advise Owner on the improvements, selection of materials, and building systems and equipment.
- Analyze contractor's recommendations on construction feasibility, time requirements for construction, and factors related to cost of the Project and
provide recommendations to Owner.
- Direct development of a Project schedule that coordinates the architect's design efforts and the construction schedules, and update the Project
schedule, fromtime to time, incorporating a detailed schedule for all activities on the Project, for Owner's approval.
- Advise Owner if, in Manager's opinion, the Project schedule will not be met and make recommendations for corrective action.
- Prepare a Project budget when major Project requirements have been identified, and update the budget, from time to time, for Owner's approval.
- Advise Owner if, in Manager's opinion, the Project budget will not be met and make recommendations for corrective action.
- Review the drawings and specifications for the Project as they are being prepared and recommend alternative solutions whenever design details
affect construction feasibility or schedules without, however, assuming any of the architect's responsibilities for design.
- Recommend for purchase by Owner and expedite the procurement of long-lead items to ensure their delivery by the required dates under the
Project schedule.
- Review all construction contracts for Owner's approval and participate with Owner in the negotiations of such contracts. Coordinate with Owner in
the development of the bonding and insurance requirements to be imposed on the general contractor(s) and any subcontractors, if any.
Construction Phase Services
- During the construction period, Monitor the Contractor's performance of its construction contract and coordinate the construction with the activities
and responsibilities of Owner, architect, and Manager.
- Schedule and direct progress meetings at which the Contractor, Owner, architect, and discuss jointly such matters as procedures, progress,
problems, and scheduling. Direct that notes to be taken at each such meeting.
- Provide regular monitoring of the Project schedule as construction progresses, identify potential variances between scheduled and probable
completion dates, andrecommend to Owner and the Contractor adjustments in the schedule.
- Recommend courses of action to Owner when the requirements of the construction contract are not being met.
- Revise and refine the initially approved Project budget to incorporated approved changes as they occur. Manager shall identify
variances between actual and budgeted costs and advise Owner whenever projected costs exceed budgeted costs.
- Develop and implement a system for the preparation, review, and processing of change orders for the Project. Recommend necessary or desirable
changes to Owner and architect, review requests for changes, submit recommendations to Owner and architect, and assist in negotiating change
orders.
- In collaboration with architect, develop and implement a procedure for the review, approval, processing, and payment of applications by the
Contractor for progress and final payments. Owner is responsible for all payments under construction and design contracts related to the Project.
- Assist Owner and architect in obtaining all building permits and plan approvals for the Project.
- Assist Owner in selecting and retaining professional services of a surveyor, testing laboratories, and special consultants and coordinate these
services.
- In collaboration with the architect, establish and implement procedures for expediting the processing and approval of shop drawings and samples.
- Manager shall Advise Owner regarding the progress on the Project including information on the Contractor's work and the percentage of
completion.
- Maintain current records of all contracts, drawings, samples, maintenance and operating manuals, and other construction-related documents. At
the completion of the Project, cause to be delivered all such records to Owner.
- In collaboration with the architect, determine substantial completion of the Project and oversee the Architect's preparation of a "punch list" of
incomplete or unsatisfactory items and a schedule for their completion.
- Direct the checkout of utilities, operations, systems, and equipment for readiness and assist in their initial start-up and testing by the Contractor.
- In collaboration with the architect, determine final completion and notify Owner that the Project is ready for final inspection. Turn over to Owner
all keys, manuals, and record drawings.
- Collect and deliver to Owner any specific written warranties or guarantees regarding the Project.
This document and the materials contained herein are not to be interpreted as a commitment from Manager or Developer until such time a formal mutually agreed upon and fully executed document is in place that will further describe the scope of work for any particular project, in part or in whole. Any and all research of the subject property may or may not require third parties working on behalf or other third party sources, which in my reasonable belief provide the best information available with regard to analysis. Conclusions reached based on this data are based in whole on such information and our reasonable estimation of all factors available at the time of preparation. I provide no representation or warranty whatsoever with regard to any conclusion reached as a result of this analysis, nor should you rely on the accuracy of such materials or conclusions reach by use thereof.
