Our Process
Process Makes Perfect
As your Owner’s Representative, providing a variety of status reports and updates is just the beginning of our responsibilities. Thanks to our Construction Management expertise, all of the data that we report comes with conclusions, observations and recommendations. As a result, you have much more information upon which to make important decisions.
PRELIMINARY BUDGETS
It is always beneficial for us to inspect each prospective acquisition prior to going under contract. Our budget will also define a scope of work that gives direction for the physical needs assessment and phase one environmental evaluation.
PROPERTY UNDER CONTRACT
This is the milestone when GLI begins the first development schedule. Utilizing critical path methodology, this schedule will contain every deliverable required for closing sorted by the responsible party. This allows GLI to ensure that closing dates are met.
THIRD-PARTY REPORTS
GLI acts as a resource to the consultants putting together the physical needs assessment, phase one environmental and the rent comparability study, to assure that the reports accommodate the planned improvements. When the reports are complete we review in draft form to evaluate things such as i) Is there something suppressing the rent that could be addressed in construction?, ii) Is there deferred maintenance that will be addressed in the construction that will lower the reserves? iii) Are the reports objective and accurate?
PROGRAMMING BUDGET
A program budget is created which considers the third-party reports, client priorities and any requirements of governing agencies (i.e. HUD, State Energy standards). This budget includes all hard and soft costs.
DESIGN
An architect and other design consultants are then hired, often through an RFP process that we have created and will manage, making recommendations for the developer’s approval. The programming budget not only defines the scope of services for the RFP but allows the consultants to move very quickly through the process because the work has been defined in concept and value.
CONSTRUCTION
The contractor is selected during the design/development stage. Having created the budget and helped to define the scope, GLI has a distinct advantage in further developing the budget with the contractor. Throughout construction, GLI acts as the owner’s representative by conducting regular site visits and managing every aspect of the budget.
PRELIMINARY BUDGETS
It is always beneficial for us to inspect each prospective acquisition prior to going under contract. Our budget will also define a scope of work that gives direction for the physical needs assessment and phase one environmental evaluation.
PROPERTY UNDER CONTRACT
This is the milestone when GLI begins the first development schedule. Utilizing critical path methodology, this schedule will contain every deliverable required for closing sorted by the responsible party. This allows GLI to ensure that closing dates are met.
THIRD-PARTY REPORTS
GLI acts as a resource to the consultants putting together the physical needs assessment, phase one environmental and the rent comparability study, to assure that the reports accommodate the planned improvements. When the reports are complete we review in draft form to evaluate things such as i) Is there something suppressing the rent that could be addressed in construction?, ii) Is there deferred maintenance that will be addressed in the construction that will lower the reserves? iii) Are the reports objective and accurate?
PROGRAMMING BUDGET
A program budget is created which considers the third-party reports, client priorities and any requirements of governing agencies (i.e. HUD, State Energy standards). This budget includes all hard and soft costs.
DESIGN
An architect and other design consultants are then hired, often through an RFP process that we have created and will manage, making recommendations for the developer’s approval. The programming budget not only defines the scope of services for the RFP but allows the consultants to move very quickly through the process because the work has been defined in concept and value.
CONSTRUCTION
The contractor is selected during the design/development stage. Having created the budget and helped to define the scope, GLI has a distinct advantage in further developing the budget with the contractor. Throughout construction, GLI acts as the owner’s representative by conducting regular site visits and managing every aspect of the budget.
