Managing Project Risk and Regaining Control

Evaluate and Plan

• Align facility requirements with business plans
• Lease analyses
• Land or building pre-purchase property condition assessments
• Acquisition/disposition strategies
• Define financial parameters
• Sustainability and energy efficiency
• Develop a project cost accounting structure consistent with client policies and procedures

Assemble the Right Team

• Pre-qualify and select project team through an RFP and interview process
• Prepare true Complete Price Agreements coordinated between all team members
  Review and recommend insurance coverage
• Organize the project kick-off meeting
• Define the sign-off decision-making process
• Establish project communication procedures
• Organize the project kick-off meeting

Conduct a Project-specific Risk Analysis

• Review and recommend insurance requirements for owner,
  professionals, and contractors and bonding coverage as needed
• Review cost reports and analyze deviations from the project budget
• Evaluate the financial implications of delays, project acceleration
  or disruption  and recommend corrective action
• Regularly review project schedules to foresee potential impacts on completion or client operations
• Develop claim-avoidance strategies

Maximize ROI

• Sustainability and energy-efficiency retrofits and audits
• Evaluate facilities/space utilization
• Property/building condition assessments
• Lease analyses
• Occupancy cost reduction
• Leasability enhancement
• Tenant retention strategies

Getting the Project Built

• Recommend and implement cost-control systems, change review and owner approval process
• Verify that project team members have procured the required insurance
• Regularly review project documents for conformance to client's function and financial goals
• Maintain team's focus on client's business goals and objectives
• Review the project milestone schedule for potential impacts on client operations
• Identify potential impediments to timely completion -- and recommend corrective action
• Evaluate the financial implications of delays, project acceleration or disruption
• Identify deviations from the original budget -- and recommend corrective action
• Assist with value engineering and recommend cost effective alternatives

Anticipate the Pitfalls

• Review of lease/purchase documents
• Develop project budget, including identifying of all relevant cost categories and benchmark project costs
• Ensure proper communication flow between the client and the project team
• Ensure a proper decision-making process between the client and the project team
• Oversee timely procurement of government approvals and permits
• Conduct constructability reviews of project team documents

Close-out the Project Quickly

• Prepare a final cost summary and overall budget reconciliation in advance of owner's final payments
• Ensure delivery of final lien waivers, as-built drawings, guarantees, warranties, sign-offs and manuals prior to final payments and release of any retainage
• Oversee and coordinate commissioning activities, client move-in and turnover to ensure a seamless transition to occupancy
• Oversee submission to USGBC for LEED certification
• Prepare and manage post-occupancy user surveys

Resolve Disputes

• Manage the project rescue and completion process in the event of contractor terminations or defaults
• Prepare and analyze claims
• Resolve additional service claims
• Investigate and prepare warranty and defective work claims
• Manage insurance, bonding and surety claims
• Dispute resolution: Mediation, arbitration, or litigation support