SERVICES

The Pareto principle states that, for many events, roughly 80% of the effect comes from 20% of the cause (also known as the 80/20 rule). The OP Properties team are specialists in the strategic review and execution of new built form developments and believe that 80% of all developments value is created in the first 20% of its life. The OP Properties team manage developments end to end with a hands on approach. Their skills and energy are focused from the start on the critical 20% of each development where value is created and lost. This is the OP Difference.

Strategic site due diligence to maximise value outcomes

Early identification of development risk factors

Feasibility review / preparation

Initial program review / preparation

Authorities consultation and approvals

Preparation of Project Brief

Consultant briefing / appointment

Design briefing

Lease negotiation/finalisation

Coordination of design

Oversee preparation of building tender packages

Evaluation of tender process and recommendation on tender price

Building contract negotiation and letting

Oversee securing of debt funding for the Project as required

Delivery models (including JV negotiations)

Coordination of off the plan sales and marketing campaign

OP Properties are regularly engaged by clients to act as their project manager and progress the project after key milestones like development approval have been obtained. From this point the project manager progress the project on the clients behalf which will generally include:

Engaging the consultant team, including drafting of thorough consultancy agreements

Managing the design development process to ensure it proceeds in line with prior authority approvals and project budgets

Monitor and report on cost, time and quality

Assist with sales and marketing activities (if applicable)

Tendering and negotiating the head contract with the builder

Obtaining further authority approvals

Set up and oversee the projects contracts and commercial strategy

Managing and monitoring every stage of the construction process to ensure it progresses in line with requirements

Regular concise reporting to the client Pursuing certificates of occupancy, approval clearances and the issuing of titles

Liaising, briefing and providing direction to financiers, selling agents, investors or other stakeholders as required by the client

Contract administration

Manage and monitor defects rectification, practical completion and handover and training of building users

Close out all project accounts

The role of Development Manager includes the scope of Project Manager but is a far more senior and strategic client representation role. Often OP Properties will connect with a client at the very early stages of a new opportunity and lead the due diligence process to identify the best way to develop the land, how much could be paid for the land, the profit, procurement strategy, required future debt funding and key future risks and opportunities.

From this point the Development Manager acts on the client’s behalf to progress every aspect of the development. They procure and review marketing strategies, negotiate and secure joint venture agreements, third party investors, debt facilities and overseeing every stage of the development to full handover and close out.

The role of Independent Project Superintendent is typically a limited scope role focused on oversight, governance , reporting and generally ensuring that the construction process is carried out in accordance with the respective parties agreements. Often these parties consist of the developer, builder, bank and tenants, so the role of Superintendent is a crucial and important position as they are the independent ‘umpire’ that determines significant project milestones like Practical Completion. Generally the Project Superintendents scope of works will include the following;

Receive copies of and review all project contract documents including the head contract, consultancy agreement, financier deed, project plans and specifications, pre-sale contracts

Attend construction site meetings

Review meeting minutes and respond as required

Review and certify monthly progress claims

Vet and respond to variation claims

Vet and respond to claims for extensions of time

Issue Superintendents Directions as required

Liaise regularly with the Client Project Manager

Prepare Monthly Superintendent’s Report to comment on program, cost, and quality with photographs

Confirm Quality Assurance Procedures are being implemented by Contractors

Confirm necessary quality control inspections are carried out by Design Consultants, including managing their input into technical queries

Establish and manage procedures to provide the early identification and effective control of all cost and time implications associated with contract variations and construction activities

Coordinate correspondence concerning definition, attendance and completion of the Final Defect List

Review and issue of Final Certificate

At all times act as third party to ensure the project is progressing in accordance with contractual requirements and matters are being dealt with as required in a timely manner

Manage negotiations with Contractor in relation to finalisation of accounts