Managing a potential construction or relocation project for your organization is no simple task. Besides managing your “day job” these projects take a lot of coordination, time, and resources to make sure all the moving parts come together perfectly.

By bringing in a 3rd party owner’s representative you can stay focused on your daily business and rest assure knowing that your project has the necessary resources and attention for success. Your owner’s representative who will act as an extension of you and on your behalf should:

 

  • Approach – a 3rd party owner’s representative who is in tuned with the market will have an understanding of long lead times and will know what manpower / resources are limited in the marketplace. This approach ensures the schedule milestones are met and cost overruns are avoided.
  • Budget – an experienced owner’s rep. will know how to avoid typical project pitfalls, advise on areas of cost overruns, create cost saving solutions and know how to deliver the best possible results that fall within your budget.
  • Coordination – A owner’ representative who will act as a single point of contact for all project team participants will ensure all details are accounted for and all communication is seamless coordinated. Each sequence of the project schedule should integrate and transition smoothly to the next milestone.

 

Bringing in a 3rd party owner’s representative for real estate and construction projects will help you accomplish a project that is delivered on time and within budget. From approach to budget and coordination efforts, your owner’s representative will deliver a successful project while allowing you to focus on your business efforts.

Related: Owner’s Rep. for Real Estate and Construction Projects

Stephen Fean
Stephen Fean is the Vice President of Business Development at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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