DEVELOPMENT MANAGEMENT
PROPERTY DEVELOPMENT is a high-risk game, not carefully managed can quickly result in losses that can very seriously impact your bottom line.The role of the Development Manager can vary depending on the nature of the project and your requirements.
The services we provide include:
- Project direction and advice
- Site investigation and selection
- Funding assistance
- Sales
- Land title management
- Development strategy
- Planning proposals
- Build brief preparation
- Engage specialists
Development management is the strategic planning, administration and controlling of a project during its development life cycle, from project planning through to construction completion and project exit. It is performed to minimize project and financial risk while maximizing profit for the developer.
A Word on Builders
Several people that we came across plunged into the development market by chance and take it as a side hustle to generate some serious wealth if they get it right. Quite often, they don’t but with the right help it can set you up in life so that you have more time to enjoy the things that matter to you.
The general thinking with many is that a building company can provide everything needed to successfully develop residential property.
If you believe otherwise, time and experience will end up teaching you that builders can build great dwellings, but they aren’t property development specialists.
The smart investors and clients know the right management company can get their projects done. The last thing you want is to get halfway through a project before realising you’re out of your depth.
Why use a Development Management Company
A development manager is the project developer’s agent and construction manager. The development manager is assigned overall responsibility for project planning, project management, financial management, and project delivery through all development phases, until project exit.
Development managers are commonly appointed to identify and acquire suitable sites, inspect and appraise new land opportunities, review and advise on redundant land, and complete land acquisitions. They also liaise with local authorities to obtain consents and authority approvals.
The development manager undertakes the feasibility analysis of the project and provides the business plan, budget plan, and schedule of works. They are responsible for progress through the legal, technical, and financial stages of development projects and monitor progress to project completion.
Development managers are responsible for overall project delivery, contractor tendering, and design management. They work closely with the architects, engineers, interior designers, and general contractors to ensure that all the specific requirements (specs) of the project are met and represent the developer on-site towards construction and operator personnel.
Conclusion
A development project offers the opportunity to bring a highly profitable product to the market in a different manner than has previously existed. Ecolink Projects can show you how, when all things are considered, the potential for a new development project can exceed what is possible for an existing asset.
If you’d like to learn more, contact us here at Ecolink Projects for a chat.
