|
|||||||||||||||||||||||||||||||||||||||||||
|
|
Development:
Site Engineering. We precisely plan, design and document the site. And, yes, it is all in the details. Our passion for these processes saves time and fine tunes budgets. Often, this passion for the minutia also saves the day. And that is a very important detail. Budget Determination. Bullock guides you and your organization through each element and phase of your real estate development project to consider all expenses associated with it, from acquiring a building or vacant land through renovation or new construction, in order to develop an estimate of all costs. Possessing this comprehensive understanding helps you ascertain the affordability of the project. Adjustments to the project’s scope will be made as necessary to bring the budget in line with your expectations. Until final bids are received from a contractor, your development budget will be an ever-changing document. We continuously update it as estimates become actual costs, allowing you to balance overall project costs with the total funds available to complete the project. Because the tendency for most parties is to provide initial low-ball estimates, always, always include a contingency. Cost Estimates SOFT COST
HARD COST
Budget Management. Based on your goals and the size, type and function of the development, Bullock will prepare an initial budget to provide an understanding of the overall cost before all hard costs quotes are received from contractors. This detailed, accurate projection will be used for short-term financing. As needed, we can help identify private investors, work with your current resources or help you navigate traditional financing options. After the completion of all proposals and the compiling of contractors’ and consultants’ hard estimates, we’ll prepare a final budget designed to secure construction financing.
During the development process, Bullock Development manages the budget. We work with the financing source to develop processes to track costs and provide timely reports. We review and approve regular applications for payment by contractors following on-site evaluations of progress against plan. Marketing and Leasing Sourcing and Management. Building the project is vital of course, but so is filling it with tenants. We guide you through the process of best positioning the project in the minds of possible target audiences, and then help you find the organization best able to help you reach those audiences.
Design Sourcing and Management. Bullock represents you. We identify the A&E firm most useful to your development after qualifying them through RFQs. We evaluate the proposals and make recommendations so you can make an informed decision. We review and approve all designs in the process and inspect the design documents to confirm progress and proper information prior to approving applications for payment.
Local and State Development Authority Liaison and Coordination. At the outset, Bullock meets with municipal authorities to determine and as necessary identify possibilities of rezoning as well as any anticipated level of opposition. We also secure permits and coordinate rezoning and alterations. Following permitting, we identify applicable code requirements under the zoning laws.
Construction Sourcing and Management. We bring qualified contractors to the development team, and manage drawings and bid reviews for qualifications and exclusions to meet the needs of the owner. We review and approve applications for payment. Using Primavera™ scheduling software, we deliver a detailed plan of action with timelines in a CPM schedule. We supervise and update this plan as the development proceeds, making sure contractors use it to manage the job and stay on track.
|
HOME | ABOUT US | SERVICES | GREEN DESIGN | CASE HISTORIES | CAREERS | CONTACT US All contents copyright ©2007 Bullock Development Inc. All rights reserved. Legal disclaimer. |