Development and Construction Management
Improving building vacant space, or retrofitting existing rentable square footage for the use of a new tenant, is key to the overall goal of growing and stabilizing asset cash flow.
Building improvements to any existing structure requires a detailed and working knowledge of the building and its systems as well as the impact of construction on other tenants. Construction of any kind requires careful consideration and analysis along with the substantial coordination of engineering, architecture, project management and city permit processing.
Primary Functions of Development and Construction Management:
- Structuring bid packages for competitive cost construction.
- Contract administration and lien release management.
- Insurance management (contractors).
- Monthly construction payment application review and approval.
- Monitoring and coordinating daily construction activities.
- Engagement and oversight of design professionals.
- Value engineering and weighing project alternatives.
- Entitlement and permit processing.
- Establishment and oversight of owner’s association entities.
- Budget and job cost analysis.