REAL ESTATE AQUISITION AND DUE DILIGENCE
The process of land acquistion requires extensive research in order to bring the right piece of real estate that fits the developers need and minimumizes the investors risk. We bring the right research team to determine the viability of a proposed land aquisition and further property development.
We assemble the right team and collbarate to deliver the owners and investors the right information needed in the quickest possible time.
Once the property is under contract our team of professionals takes care of the important deliverables to further assess the viability of the project before the contract goes hard.
The following are some of the tasks that need to be performed:
- Building / Land Inspection
- Enviromental Inspection
- Existing Tenant Information and Negotiation
- Design Team
Program, Project and Construction Management
Assembly of the Project Team
In order to develop real estate it may seem as simple has hiring a Realtor to acquire the site and Architect and a General Contractor to get the project built. The truth is that in order to successfully complete a project many more team players and aspects are involved.
The following team players are needed in order to just get the project to permit.
- Zoning and Land Use Attorneys
- Permit Processors and Expeditors
- Structural Engineer
- Civil Engineer
- Geotechnical Engineer
- MEP Engineer
- Interior Designer
- Landscape Architect
- Acoustical Consultant
- Lighting Consultant
- Waterproofing/Roofing Consultant
- Elevator Consultant
- Building Insurance Inspection Consultant
- Political / Community Outreach Consultant.
An owner’s representative is responsible for the coordination of the team to get the project designed and built to the owner’s requirements and expectations.
This gets us to permit now what?
THE BIDDING PROCESS
Contractor Selection Process
The architect and our firm will prequalify the general contractor’s invited to bid the project.
These are a few examples of what we look for.
- Reputation and relevant experience of the contractor and team members.
- Contractor’s experience in the type of project we are building.
- Budget-and-schedule track record of the contractor, confirmed by references.
- Financial strength of the contractor.
- Contractor’s current work log and back log and ability to perform on our project
- Contractor’s recent project history.
- Proposed construction management process.
- Quality of contractor’s work.
- Invitation to Bid
- Bid Proposal Form
- Subcontractor Lists
- Sample Contract
- Bond Forms
- Insurance Forms
- Financial Statements
- Coordination of project team members
- Attendance at Owner/Architect/Contractor meetings
- Monitor progress of the project
- Monitor quality of construction
- Monitor adherence to the construction schedule
- Monitor adherence to the contract documents
- Monitor safety compliance
- Monitor RFI process
- FF&E coordination
- Administer payment requisitions to ensure proper percent complete
- Review change order proposals
- Prepare contingency plans
- Financial reporting
- Assist with punch-list development
- Ensure all warrantees are submitted properly
- Ensure O&M manuals are submitted properly
- Training coordination
- Review of As-Built drawings
- Project closeout support
- Assist in procuring the certificate of occupancy
ASSET STABILIZATION PERIOD MANAGEMENT
ASSET SALE / DISPOSITION