SERVICES
"OP Properties’ best in industry team provides whole of project Development and Project Management consultancy services to our clients, offering a genuine, hands on commitment to see a project through to completion and ensure that the best outcomes for our clients are achieved."
Strategic Property Advisory
The OP Properties team are specialists in the strategic review and execution of new property developments and believe that 80% of a development’s value is created in the first 20% of its life. This is known as the Pareto Principle. Focussing our skills and energy to provide strategic advisory services from the start of the critical 20% of each development allows us to maximise value for our clients.
- Strategic site due diligence to maximise value outcomes
- Site acquisition
- Portfolio reviews
- Early identification of project risk factors and mitigation strategies
- Feasibility and business case preparation
- Programme preparation or review
- Preparation of Project Briefs
- Consultant briefing / appointment
- Design briefing
- Lease negotiation and finalisation
- Delivery models (including JV negotiations)
- Coordination of off the plan sales and marketing campaigns
- Financial and cash flow modelling
- Design and master planning coordination
Development Management
The role of Development Manager encompasses the scope of Project Manager however, is a more strategic client representation role, acting on the client’s behalf to progress all aspects of a development through to handover and close out.
- Feasibility and budget management and reporting
- Sales and marketing strategies
- Overseeing the securing of debt funding
- Negotiating and securing joint venture agreements and / or third party investors
- Authority liaison and approvals
- Stakeholder management
- Coordination of settlements
- Board reporting
Project Management
OP Properties provides our clients with project management services throughout the project lifecycle from inception through to commissioning, handover and operations.
- Project definition
- Project programming
- Consultant procurement, engagement and management
- Consultant contract administration
- Management of the design development process
- Value engineering
- Risk identification and monitoring
- Obtaining authority approvals
- Project budget and cost reporting
- Contractor procurement, negotiation and contract execution
- Commercial strategy
- Managing and monitoring every stage of the construction process to ensure it progresses in line with requirements
- Regular concise client reporting
- Pursuing certificates of occupancy, approval clearances and the issuing of titles (if applicable)
- Liaising, briefing and providing direction to financiers, selling agents, investors or other stakeholders as required
- Contract administration
- Manage and monitor defects rectification, practical completion and handover and training of building users
- Defects Liability Period administration and close out of all project accounts
Superintendency
The role of a Superintendent is a critically important role, focused on administering the construction contract and ensuring the contractual obligations of all parties are performed.
- Receive copies of and review all project contract documents including the head contract, financier deed, plans and specifications, etc.
- Checking of contractor’s security, insurances, management plans, etc.
- Attend construction site meetings
- Review and certify monthly progress claims
- Vet and assess variation claims
- Vet and assess claims for extensions of time
- Issue Superintendents Directions as required
- Liaise regularly with the client Project Manager
- Prepare Monthly Superintendent’s Report to comment on such matters as programme, cost and quality
- Confirm Quality Assurance procedures are being implemented by the contractor
- Confirm necessary quality control inspections are carried out by design consultants, including managing their input into technical queries
- Establish and manage procedures to provide the early identification and effective control of all cost and time implications associated with contract variations and construction activities
- Review draft and final O&M Manuals, As-Built documentation and Warranties
- Coordinate correspondence concerning definition, attendance and completion of the Final Defect List
- At all times act as third party to ensure the project is progressing in accordance with contractual requirements and matters are being dealt with as required in a timely manner
- Manage negotiations with Contractor in relation to finalisation of accounts
- Issue of Final Certificate
Independent Verification
With extensive development expertise, OP Properties provides an important service to our financier clients, in order to represent and protect their interests.
- Review and analysis of project documentation, contracts and programmes
- Identification and monitoring of key risks or opportunities
- Budget and cash flow analysis
- Independent review of Variations and Extensions of Time
- Project oversight and reporting on key commercial and compliance matters
Reach out today about your next project.
