This is the exact process that we have refined over the years to deliver projects sooner with far more predictability. We also share this optimised process with our clients and students who are fortunate to adopt this on their own projects.
The Acquisition phase is one of the most critical pillars of the real estate development lifecycle. If you buy the wrong property in the wrong area, you have a much higher level of probability of failure to achieve your development outcomes and most probably you will lose a lot of money.
The Design & Approvals phase is paramount to the success of the project in delivering the best possible outcome on your design specification, the capability of the team you have assembled to deliver on that goal and meeting the ultimate compliance requirements of both the planning and building regulations.
The Tender & Contract phase details the vital steps of the procurement process to prepare your document specification for running a tender to potential builders, evaluating the tender bids by responding to the selection criteria and eventually awarding contract to the successful bidder.
The Construction phase is an exciting part of the real estate development lifecycle where all your hard work through the acquisition, design approvals and engagement of a capable builder, start to become a reality by watching the building works come off the ground and start to take shape.
The last of the six phases - Titles & Settlement involves the critical elements in successfully completing the subdivision process where a statement of compliance is achieved and ready for titling registration for transfer of ownership during settlement.