Pre construction
Pre construction is a process in which developers offer certain individuals the opportunity to purchase units in a building that is being developed before the construction begins on the project. As a result buying during preconstruction can offer substantial savings over what buyers will pay when the building is completed.
A beautiful new condominium building is a major project and construction lenders want to see that a project will attract enough interest before deciding to finance it. By selling a certain percentage of units in the building during the preconstruction phase developers are able to secure the best financing from construction lenders and can usually move the project ahead far more quickly than if no preconstruction commitments had been made. The preconstruction process results in a substantial advantage for the developer because he can acquire necessary funding and gauge the prospects for the success of the project without investing too much capital.
- PROJECT PROGRAMMING
- DESIGN MANAGEMENT
- VALUE ENGINEERING
- BUDGET AND CASH FLOW
- ORDER CONTROLLING SCHEDULE
- TENDERING SYSTEM
- PROCUREMENT SYSTEM
