Legend:

OD -

Owner or Developer of project

PD -

Project Director, Owner's representative

LAC -

Lead Architect or Consultant

PCM -

Project Construction Manager

JA -

Jurisdictional Authorities

denotes primary responsibility

denotes significant supporting responsibility

Published here July, 2002.

Introduction | Pre-Project Study | Concept Phase
Concept Development | Schematic Design | Final Design | Tender & Award
Construction | Project Commissioning & Finishing

0.0     Pre-Project Study (General feasibility)

• Depending on the nature of the investing organization, the following pre-project study work may be conducted by the organization's Project Director (PD), by its marketing department, financial department, investment department or an outside real estate consultant, etc.

Ref #

Task

Responsibility »

OD

PD

LAC

PCM

JA

0.1

Gather all pertinent information

     

0.2

Establish pro forma models for optimizing ROI

     

0.3

Assess current market rents, inducements, property values

 

     

0.4

Assess alternative retail mixes where appropriate

     

0.5

Collect typical operating costs, tax information, etc.

 

     

0.6

Develop 'Order of Magnitude' budget

     

0.7

Identify 'window of opportunity', if applicable

     

0.8

Develop broad outline schedule

 

     

0.9

Evaluate financing sources & alternatives

     

0.10

Develop 'soft cost' budgets & target design fees

     

0.11

Prepare building description sheets

     

0.12

Present findings (feasibility report) to management

 

     

0.13

Review and approve, orÉ

 

     

0.14

Revise report as needed

     

0.15

Release next phase funding based on final report, or abort

 

     

Introduction  Introduction

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