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Budget Certainty in Uncertain Times: How ORs Help Keep Costs Under Control
In today’s construction and development climate – marked by inflation, supply chain disruptions, and labor volatility – cost control is no longer a competitive edge, it’s essential to a project’s success. For real estate developers, institutional investors, and capital partners, protecting budget certainty means protecting overall investment performance. An experienced Owner’s Representative (OR) plays a…
What Does an Owner’s Representative Do?
Construction projects, whether a $2 million tenant improvement or a $200 million ground-up development, are inherently complex. They involve multiple stakeholders, technical disciplines, regulatory requirements, and layers of contracts. For property owners, developers, and investors, this complexity translates into risk: financial, legal, and reputational. An Owner’s Representative (OR) exists to mitigate these risks. Acting as…
5 Ways To Avoid Miscommunication On Your Commercial Development
If there’s one thing that can wreak havoc on any commercial development, it’s miscommunication. Most mistakes that result in considerable delays or discrepancies in your budget, are the cause of miscommunication and are completely avoidable by having the proper systems in place. Understanding how to create clear lines of communication between key departments is the…
The Difference Between a Construction Manager and Owner’s Representative
According to a survey of senior leaders from organizations carrying out significant capital construction projects over the years, only 31% of projects came within 10% of the budget, and just 25% of projects came within 10% of their original deadlines. Considering that missing either of these factors by too large a margin can be the…
Women In Construction: What To Look For In 2020
Change Takes Time Advancements in land development has played a prominent role in the advancement of human society, providing us with the means to connect and express ourselves through the structures that surround us. Through planning and construction, we’re able to take people’s visions and bring them to life, creating parks for our families to…
3 Marketing Strategies That You Can Do For Your Commercial Development, Today.
Did you know that 2019 was the first year that social media ad spend exceeded print to become the 3rd highest channel for how marketers spent their advertising dollars? Although the benefits of digital marketing have been known for years, companies continue to migrate more of their marketing dollars online in an effort to capture…
