development services - brochure
TRANSCRIPT
The Concord Group Development Services
Project Close-Out/Activation
Construction
Pre-ConstructionProject Initiation
Asset Management
The Concord GroupThe Concord Group is a team of highly skilled professionals specializing in the fields of Development Services, Project Management, Cost Management, Cost Segregation and Real Estate Advisory Services.
Headquartered in Chicago and with offices in Milwaukee and Grand Rapids, The Concord Group has provided services in every state in the country. With a growing staff of around 30 professionals, we have built a reputation for delivering high quality, accurate and timely work for governmental agencies, healthcare organizations, institutional clients and architectural/engineering firms along with retail, residential and property development companies, since our founding in 1996.
Development Services The Concord Group’s Development Services have evolved from the Project Management / Owner’s Representation services we have been providing since the inception of our firm. By adding acquisitions and pre-development management expertise on the front end and asset management capabilities on the back end, we are now able to guide a property through its entire life cycle. From project inception through asset disposition, The Concord Group’s Development Services team of professionals will be your partner whose sole priority will be the protection of your best interests.
Who Can Benefit from Our Development Services? • Commercial, multi-family and institutional developers, large and small.• Value-add and opportunistic acquirers of existing buildings in need of significant capital improvements.• Institutional investors, private equity providers, mezzanine & bridge lenders and commercial banks seeking
additional insight into their investments.• High net worth individuals and family offices looking to diversify their investments and/or pursue a savvy
commercial real estate concept or strategy.• Cities and villages offering TIF and other subsidies to developers. • Not-for-profits and corporate real estate users seeking Build-to-Suit and Turnkey Options.
Why Use The Concord Group?
• Free up your time to focus on what you do best…let us worry about the details.• Pursue your best real estate investment ideas and strategies without giving up control of the concept or losing
transparency.• Reduce cost overruns resulting in on-time deliveries and superior risk-adjusted returns.• Take advantage of property appreciation and tax benefits of property ownership.• Limit fixed overhead costs by partnering with a project specific team of individual experts utilizing the most state
of the art technologies, such as:
Full Range of Development Services The Concord Group’s a la carte offering of Development Services can be customized to perfectly match your needs regardless of your level of sophistication and experience. Whether you desire our full range of Development Services or only require one of our specialized offerings, you will benefit from a single point of contact during each phase of your project to ensure fluid communication while you continue to receive the resources and knowledge of a team of multi-disciplinary professionals.
Project Initiation The Concord Group leverages our vast network of relationships and commercial real estate expertise to find the best opportunities to meet your unique property investment goals. After guiding our clients’ through the asset selection process, we advise on deal structuring and ensure that discoverable risks are mitigated prior to closing on the property. Pre-Construction Our approach is based on clearly understanding the Owner’s goals and objectives and then we will recommend a suitable project delivery method and assist the Owner with the appropriate project team selection and engagement. Our process promotes collaboration, yet provides accountability to the entire project team, with a focus on budget, schedule and quality.
Construction We provide project management oversight confirming that all project team members (design team, contractor, 3rd party consultants and subcontractors, etc.) are fulfilling their contractual obligations. Our policies and procedures and management tools, provide project controls to confirm the project is being delivered on time, within budget and to the quality levels dictated in the construction documents.
Close-Out/Activation We provide management oversight of the punch list process, the review and approval of closeout documents, commissioning services and start up, testing and owner training, etc. We provide confirmation to the Owner that the facility is ready to operate as planed on day one. In addition we have a very detailed final account process which verifies that all accrued savings and credits are being returned to the Owner and that only the correct amounts have been billed to the project.
The Concord Group’s approach is to work with the Project Executive/Activation Champion and other members of the Activation Team to identify all the necessary strategies and improvements in order to be ready for the “Go Live Date.” Additionally, we provide the skills, expertise, tools and processes to develop and successfully manage the Facility Activation Plan on behalf of the Owner.
Asset Management Upon project activation, The Concord Group monitors third party property managers and brokers to ensure your investment goals are met and returns are maximized. We provide our clients with quarterly financial reports and maintain compliance with any financial partner reporting mandates. When the time comes to exit your investment, we will manage the dispositions process to ensure a smooth and profitable transition of your asset to the next owner.
IDEA
IMPLEMENT
DESIGN CONSTRUCT
OPEN
OPERATE
PLAN
Chicago: 55 East Monroe Street Suite 2850 Chicago, IL 60603312.424.0250
Milwaukee: 330 East Kilbourn AvenueSuite 565 Milwaukee, WI 53202 414.225.5305
Grand Rapids:300 Ottawa Avenue NWSuite 230 Grand Rapids, MI 49503 616.235.3000
Project Initiation
• Examine Renovate / New Construction Options
• Examine Rent / Own Options
• Site Selection• Deal Sourcing• Financial Underwriting• Market Research• Feasibility / Entitlement
Management• Feasibility Studies• Community Impact
Studies• Analyze Legal /
Environmental Restrictions
• Transaction Management
• Property Condition Assessments
• Energy Cost Saving Studies
• Define Project Goals• Develop Master Project
Budget• Develop Master Project
Schedule
Pre-Construction
• Confirming & Monitoring Budget / Schedule
• Cost Modeling / Bench Marking
• Regulatory Agency Compliance / Coordination
• Project Team Engagement / Selection
• Design Management• Project Delivery Method
Selection• Design Stage Estimating
(SD, DD &CD)• Develop a Bid Strategy /
Manage Bid Process• Bid Review and Analysis• Value Engineering
Services• Life Cycle Cost Services• Project Reporting• Risk Management• BIM Clash Detection
Studies• Sustainability Program
Planning and Implementation
Construction
• Contractor Engagement / Selection
• Contract Negotiation• GMP Negotiation• Project Cost and
Schedule Controls• Change Order Review /
Management• Organize and Conduit
OAC Meetings• Constructability Reviews• Quality Control
Oversight• Financial Management• Document Management• Project Reporting• Management Oversight
of 3rd Party Agents• Review / Approve
Contractor Pay Applications
• Confirm Contract Compliance
Asset Management
• Operational Planning• Implementation• Property Management
and Operational Oversight
• Leasing and Tenant Facilitation
• Investment Monitoring• Annual Budgeting
Oversight• Accounting Oversight• Financial and Lender
Reporting• Hold / Sell Analyses• Dispositions
Management• Brokerage Selection
Guidance and Oversight
• Due Diligence and Closing Coordination
• Cost Segregation Studies
Plan Implement Operate
DEVELOPMENT SERVICES
Project Management
Project Closeout/ Activation
• Project Audits• Occupancy
Coordination• Activation Services• Final Account• Punch List
Management• Contract Closeout• Confirm Review and
Acceptance of “As-Built” Drawings
• Commissioning Management / Oversight
• Coordinate Testing Program
• Implement Start Up Procedures
• LEED Certification