The pre-construction phase refers to the period between receiving development approval and the commencement of construction. It is the pivotal phase in the development timeline as it is where a project is committed to being developed, shelved or sold.
The pre-construction phase is typified by the refinement of, and ultimately the relationship between, four key elements:
- Design – design is taken to a point where the sales team can commence selling with confidence and a building cost can be accurately estimated
- Feasibility – market conditions, revenues and costs are modelled with confidence to inform “go / no-go”
- Tender – delivery risk is mitigated through type of construction procurement and award of construction contract
- Finance – key finance metrics and project documents are evidenced in order to obtain construction finance to complete the development
Trenert is highly experienced in all aspects of pre-construction management for residential and commercial developments.
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