As a FEE-DEVELOPER we handle all or selected aspects of the development process on behalf of a project owner, serving as the Owner Representative. Once a detailed agreement is established with the owner or their representative outlining the development scope and authority transfers, CRE is equipped to manage tasks ranging from team assembly and management to project design guidance, oversight, construction management, leasing, and divestment.
When acting on behalf of a project owner as Fee-Developer, CRE treats the project and investment with the same dedication as if they were their own. This involves selecting architects, contractors, engineers, and other essential professionals; securing entitlements and marketing support; and generating interest from potential tenants or buyers.
Other elements of the fee developer process may include:
1. Development Planning
Advancing a concept design to a preliminary design incorporating the detailed ingredients for commercial success, detailed cost planning and revenue forecasting, anticipating and incorporating reasonable and local authority, state government and market requirements.
2. Development Appraisal
Development Appraisal and Construction programming meshed with cost and revenue forecasts, identification of risks and risk management strategies
3. Consultants Engagement & Design Co-ordination
Engagement of Architects, Engineers, Town Planners and other Specialists to address key issues, develop solutions, prepare reports to facilitate approvals and prepare designs ready for detailed documentation and construction.
4. Cost Estimation & Control
Development of Initial Costs and Management of Budget.
5. Legal Management
Preparation of forms of Agreement, Contract, Lease, and Sale that follow the main development transactions and are consistent with them and delivery strategies.
6. Approvals Management
Coordination of Statutory Application preparation consistent with the solutions and strategies developed, management of time frames, and negotiation of development conditions.
7. Finance and Funding
Reports, Cash flow forecasts, procure offers and terms sheets, applications, equity mezzanine or joint venture partners.
8. Sales and Leasing Management
Marketing, Sales and Leasing arrangements, opportunity management, motivation and targeting. Handover and Tenancy occupation processes.
9. Forecasting and Reporting
Cost and revenue, profitability movements, opportunities and risks on the proposed project
10. Project Management
Detailed design coordination and documentation, construction tendering and contract creation, procurement, construction, risk and liability management, claims management and negotiation, detailed programming, construction monitoring and reporting, contract super-intendance administration and management.