How We Mitigate Risk, Reduce Your Capital Investment and Compress Your Project’s Timeline.
Construction projects that involve building on land you own – or are evaluating – can be complicated. Even if you’ve retained an architect and reviewed the project with a civil engineer, there are typically multiple issues to work through to align your business plan for what you’re ultimately working to build.
For instance, are there covenants and restrictions to the property? Is there rock on the site or water that you don’t know about? How are we going to get water to your property? There are DOT requirements, permitting issues and all the utilities that have to be taken into consideration. If you’re only focused on building costs, these unknowns about your site will distort the true cost of your investment.
Not all general contractors have the bandwidth and expertise to fully uncover these unknowns related to your property.
At Marsh Bell, this is a core service we execute again and again for our clients. Our Land phase is structured to minimize your initial investment while we work in collaboration to confirm that your project is feasible and is adaptable to your project site.
Our goal is to ensure that you’re getting largest return on that piece of property … to optimize your capital investment.
Land Due Diligence: How We Uncover the Unknowns about Your Property
CEO Paul Westberry discusses how we work with our network of civil engineers, architects and environmental specialists provide an informative Site Due Diligence report about the property you’re considering. From this, we develop a Feasibility Report that provides you with an accurate understanding of the real costs for your project.
Land Due Diligence: How We Uncover the Unknowns about Your Property
CEO Paul Westberry discusses how we work with our network of civil engineers, architects and environmental specialists provide an informative Site Due Diligence report about the property you’re considering. From this, we develop a Feasibility Report that provides you with an accurate understanding of the real costs for your project.
There are three main objectives of the phase of work:
- Site Intelligence / Due Diligence
- Basis of Design / Project Scope
- Feasibility Estimate and Schedule
Our Site Due diligence and Project Feasibility phase takes four to twelve weeks depending on the complexity of your project. We have professionals in place that we routinely work with, so we can assemble a team within a week. This allows us to quickly provide critical information to help support your decision process as you’re acquiring this property and/or developing your project.
Our combined objective is to learn information about the project to mitigate risks, understand potential costs and timelines.
We wrap this phase up with a detailed report that builds early definition of your scope, costs and schedule, along with recommendations and options on how to proceed. This investment is all progressive work; it will actually speed up the project through disciplined decision making.
The report will allow you the inputs into your business proforma around capital costs, potential risks and timelines to guide your decision making on this investment.