The Six Steps to Take Now to Develop a Successful Project
There’s a lot of frustration and chaos in the property development industry now. So many moving parts that are affecting how builders, buyers, stakeholders, developers are acting and reacting. I’m choosing not to hit the panic button. Here’s why—and the practical steps to take to develop a project successfully in this market. First, here’s your […]
The Hardest Stage of Any Project for Most Clients
During my career, one thing I’ve discovered is that the toughest time for any client on their project is that period in the project timeline before committing to builder and the funder. It’s the leap of faith before you sign the construction contract and the funding contract and pour your remaining equity into literally a […]
What To Expect During a Negotiation
Construction contract negotiations have always played an important role in the property development process and are significant in resolving the divergent interests of stakeholders. I use the same checklist to make sure that I prioritize the right issues in the negotiation. Cost: What is the likely cost implication of this clause, or if I agree […]
One Key Thing to do Before Lodging a Development Approval
Before lodging your development approval, it’s imperative that you sit down with a sales and marketing professional to discuss the project. This guarantees you’ll get independent feedback about the product you’re thinking about bringing to the market. It can save you huge money, time and peace of mind. As a simplistic example, if your project includes […]
Signs your Builder is in Trouble
Project Manager and Quantity Surveyor Matt Grbcic explains some of the key signs you need to look out for when your builder is in financial trouble. MG Group, as a client-side project management company, have been involved in many projects where the builder has found themselves into financial trouble. As a direct result, subcontractors often […]