Real Estate Development

7.

Stage 6: Construction

7.1.

Pre-Construction Phase

7.1.1.

Bidding and Procurement

7.1.1.1.

Bid Package Preparation

7.1.1.1.1.

Scope Definition

7.1.1.1.2.

7.1.1.1.3.

Prequalification Criteria

7.1.1.2.

Bid Evaluation and Award

7.1.1.2.1.

7.1.1.2.2.

Contractor Qualifications

7.1.1.2.3.

Reference Checks

7.1.1.3.

Subcontractor Selection

7.1.2.

Contractor Selection

7.1.2.1.

General Contractor

7.1.2.1.1.

Selection Criteria

7.1.2.1.1.1.

Experience and Qualifications

7.1.2.1.1.2.

Financial Capacity

7.1.2.1.1.3.

7.1.2.1.2.

Prequalification

7.1.2.1.2.1.

Financial Statements

7.1.2.1.2.2.

Bonding Capacity

7.1.2.1.2.3.

Insurance Requirements

7.1.2.2.

Construction Manager

7.1.2.2.1.

Roles and Responsibilities

7.1.2.2.2.

7.1.2.2.3.

Project Delivery Method

7.1.3.

Contract Negotiation

7.1.3.1.

Lump Sum Contracts

7.1.3.1.1.

Fixed Price Benefits

7.1.3.1.2.

Risk Allocation

7.1.3.2.

Cost-Plus Contracts

7.1.3.2.1.

7.1.3.2.2.

7.1.3.3.

Guaranteed Maximum Price (GMP) Contracts

7.1.3.3.1.

Price Certainty

7.1.3.3.2.

7.1.3.4.

Key Contract Clauses

7.1.3.4.1.

Change Order Procedures

7.1.3.4.2.

Schedule Requirements

7.1.3.4.3.

Quality Standards

7.1.3.4.4.

Warranty Provisions

7.1.4.

Permits and Approvals

7.1.4.1.

Building Permit Application

7.1.4.2.

Utility Connections

7.1.4.3.

Environmental Permits

7.2.

Construction Management

7.2.1.

Project Scheduling

7.2.1.1.

Critical Path Method (CPM)

7.2.1.1.1.

Activity Sequencing

7.2.1.1.2.

Duration Estimates

7.2.1.1.3.

Resource Allocation

7.2.1.2.

Milestone Tracking

7.2.1.2.1.

Key Deliverables

7.2.1.2.2.

Progress Monitoring

7.2.1.3.

Schedule Updates

7.2.1.4.

Recovery Planning

7.2.2.

Budgeting and Cost Control

7.2.2.1.

Budget Tracking

7.2.2.1.1.

7.2.2.1.2.

Variance Analysis

7.2.2.2.

Change Order Management

7.2.2.2.1.

Change Order Process

7.2.2.2.2.

Cost Impact Analysis

7.2.2.2.3.

Approval Procedures

7.2.2.3.

Contingency Management

7.2.2.3.1.

Contingency Allocation

7.2.2.3.2.

Release Procedures

7.2.2.4.

Cash Flow Management

7.2.3.

Quality Control and Assurance

7.2.3.1.

Inspection Procedures

7.2.3.1.1.

Daily Inspections

7.2.3.1.2.

Milestone Inspections

7.2.3.2.

Testing and Certification

7.2.3.2.1.

Material Testing

7.2.3.2.2.

7.2.3.3.

Punch List Management

7.2.3.4.

Warranty Tracking

7.2.4.

Site Safety Management

7.2.4.1.

OSHA Compliance

7.2.4.1.1.

Safety Regulations

7.2.4.1.2.

Reporting Requirements

7.2.4.2.

Safety Training and Protocols

7.2.4.2.1.

Worker Training

7.2.4.2.2.

Safety Meetings

7.2.4.3.

Accident Prevention

7.2.4.4.

Emergency Procedures

7.2.5.

Processing Change Orders

7.2.5.1.

Documentation and Approval

7.2.5.1.1.

Change Request Process

7.2.5.1.2.

Impact Analysis

7.2.5.2.

Cost and Schedule Impact

7.2.5.3.

Contract Modifications

7.2.6.

Managing Draws and Payments

7.2.6.1.

Payment Applications

7.2.6.1.1.

Progress Verification

7.2.6.1.2.

Stored Materials

7.2.6.2.

7.2.6.2.1.

Conditional Waivers

7.2.6.2.2.

Unconditional Waivers

7.2.6.3.

Retainage Management

7.2.7.

Communication and Reporting

7.2.7.1.

Progress Reports

7.2.7.2.

7.2.7.3.

Stakeholder Updates

7.3.

Construction Completion

7.3.1.

7.3.1.1.

Deficiency Identification

7.3.1.1.1.

Final Inspection

7.3.1.1.2.

Quality Standards

7.3.1.2.

Correction Process

7.3.1.2.1.

Contractor Response

7.3.1.2.2.

Completion Verification

7.3.1.3.

Final Acceptance

7.3.2.

Certificate of Occupancy

7.3.2.1.

Inspection Requirements

7.3.2.1.1.

Building Code Compliance

7.3.2.1.2.

Fire Safety Inspection

7.3.2.2.

Final Approvals

7.3.2.2.1.

Utility Connections

7.3.2.2.2.

Accessibility Compliance

7.3.2.3.

Temporary vs. Permanent CO

7.3.3.

Project Closeout

7.3.3.1.

As-Built Drawings

7.3.3.1.1.

Record Drawings

7.3.3.1.2.

System Documentation

7.3.3.2.

Warranty Documentation

7.3.3.2.1.

Equipment Warranties

7.3.3.2.2.

7.3.3.3.

Final Cost Reconciliation

7.3.3.4.

Previous

6. Stage 5: Design and Engineering

Go to top

Next

8. Stage 7: Marketing, Leasing, and Sales