Preconstruction Management

Invest in real estate pre-development at a much lower price than when the building is occupied

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Essential Elements of Preconstruction Investment

February 3rd, 2008 · No Comments

When beginning to assess a preconstruction investment you must first fix an initial budget (which will serve as model) of necessary costs in order to develop the whole project.

Analyze costs and the project efficiency during each phase of the preconstruction process.

Complete a project revision and to present the recommendations needed in the attention of the project team.

Develop a main identification project which identifies the essential elements of each activity during the design phase.

Assure an honest evaluation since the design phase and these evaluations are presented in a comparative format, so that it is possible to notice any change reported to the reference line.

Develop a management plan on the building yard, this can define the approach of using the workspace during performance. This plan integrates all the necessary phases, the coverage area, public security, traffic control, access and building yard exit and all the other activities which are important for the performance phase.

Prepare a money flux analysis necessary for the performance phase of the project.

Prepare a detailed program for the performance phase.

Detect and present any information necessary to obtain premises, grants and certificates necessary for the project performance. 95% of savings opportunities of any project are accessible only during the preconstruction investment phase.

A preconstruction investment project must contain details like location, including street and number, and city of course, as well as the building area and the performance time which in general is estimated to several months.

For example, a preconstruction investment project can belong to residential buildings, with luxury flats, on six levels and parking area at the basement level. You have to provide the height, the area, and the total number of flats.

The structure of the buildings can be made of concrete and you can cover it like a no passage terrace and so on; you must have everything in your mine, like in a map when you want to start a preconstruction investment project.

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