Services Construction
A majority of a development proforma costs relate to construction, so being on budget at this phase of the project is critical. Construction costs are always fluctuating, so locking in a total contract price and buying out the job as soon as possible is always the goal.
DevelUp can help owners:
- Prepare project scope and RFP
- Obtain and analyze GC bids
- Negotiate AIA contract—either lump sum or GMP, which is most popular
- Oversee construction process
- Complete general site visits and attend OAC meetings
- Review and approve monthly draws
- Evaluate and approve potential change orders
- Orchestrate project completion, punch out and close-out documentation
- Communicate with lender inspectors, as necessary
- Monitor schedule and project budget
- Negotiate final payments and retainage release as required