Why Third Party Management is Beneficial

Produce an effective team to be successful
Protect your interest in new projects
Consultants – benefits and insurance of successful projects
Risk Management
Change your overall image and move to the next level
Experience
Procurement/architecture/contractors/consultants/inspections/commissioning
Protection of your investment
New Construction can be rewarding again
Eliminate the unforeseen conditions that can damage your progress and affect the bottom line

Most businesses are consumed with managing an expanding and successful business; construction will interfere with your ability to effectively manage your day to day activities.

Question you need to ask when selecting an Owner Representative.

Does your company have the ability to do construction
Do you have the understanding of processes and procedures
Are you familiar with standard construction contract negotiation
AIA contracts and procedures
Do you have knowledge of General Contractor dealings
Are you prepared to have the difficult conversations with the parties involved in the event of a problem? Making the hard decisions
Municipalities typically have difficult processes that can be overlooked, Utilities can affect the ability to move forward
Can you manage the property after completion
Knowledge of the newest state of the art equipment and processes
Have you received everything you paid for!
Do you Know what you are paying for and why?
Are you familiar with the current pricing of materials and equipment

What we do:

Become your direct employee
Protect your company
Facilitate all parties
Manage the process and take a leadership role
Act in the owners best interest in all phases of development to construction completion.
Guide internal staff in effectively completing their tasks
Manage the overall process with past experience and qualified personnel
Allow Ownership the ability to successfully perform their day to day activities and feel protected.
Make the overall construction process less burdensome and more simplified

Programming description for success

Master vs Initial phasing

Work with ownership to establish the budget and financial parameters
Effectively negotiate the consultant fees to match the level of service
Procurement of design professionals that can adequately perform the task required
Determine the phasing of immediate needs vs the long term plan
Oversee the initial design creation to meet your needs
Review utility needs to service the master program
Manage the design process with updates to owner
Establish and review construction budgets
Provide development team leadership and coordination of hospitality pre-development;
Assist owner in creation of the project schedule;
Undertake a market analysis, review competitive properties and evaluate rate and occupancy levels;
Develop project requirements and design criteria;
Develop the business concept, branding and positioning
Prepare detailed planning and space program including:
Review development budgets and evaluate project costs;
Review project schedule and timing;
Assist Owner with entitlements and approvals. Attend meetings and hearings as needed;
Prepare initial pre-opening, OS&E, FF&E, operational budgets and projections for the hotel;
Assist Owner to prepare licenses and permits list;
Coordinate and assist in management of all outside Consultants;
Review and assist Owner with contract negotiations of F&B Operator to review industry benchmarks and guidelines;
Review and assist owner with the branding and marketing consultant, assist restaurant concept and positioning (Brand Identity).
Coordinate necessary third party reports (including geotechnical, engineering, environmental, etc);
Manage outside hospitality consultants
Assist Owner with the selection and contract negotiations of architects, interior designers, graphic and other design professionals and consultants;
Review conceptual and schematic plans (in light of aesthetic and program requirements) and recommend revisions to the current plans;
With the project architect, develop design concept and hotel layout, including develop schematic, design development and construction plans;
With the project interior designer, develop the residential condominium model unit design, finishes and furnishings;
Create the restaurant, bar and lounge concept;
Review plans, drawings and specifications and recommend revisions;
With the graphic designer, develop the hotel collateral material and website;
With PR firm, develop and direct pre-opening strategic marketing and PR campaign;
Make information technology assumptions and recommendations

Product

Properly select qualified construction professionals that can perform the work
Oversee the bid and selection process of general contractors
Review bids of sub-contractors to ensure minimal risk to ownership
Establish all contractual requirements and ensure they are met and implemented
Create an on-site presence that has control and manages the construction team
Manage all direct site responsibilities as the owner
Perform weekly quality control inspections and make the owner’s presence felt throughout the project.
Evaluation of all payment requests and properly approve/reject monthly payments
Scrutinize change requests or unwarranted change orders
Ensure schedules are met and ownership is kept well-informed
Navigate ownership on completion of opening tasks

General items of note that we oversee – but not limited to...

Transportation engineering. Traffic study –
Civil Geotechnical survey.
Height requirements or restrictions.
Fire protection design
Landscape design
Pool design concept
Surveillance design
Security systems
City/County Utility coordination
Testing reports
RFI logs
Submittals
Change Orders
Pay applications
Food service
Surveillance
Security (Internal Systems)
Owners security hardware
Back of house furniture
Internet and technology
Telephone systems
Hospitality software
Housekeeping requirements
Procurement and purchasing internal FFE and OSE items
Facilities – how to adjust to new facility
Gaming Commission
Slots
HVAC
Plumbing
Electrical