For owners and developers
Construction project management for owners
Lender draws, consultants, owner-supplied equipment, utility service and move-in or leasing dates all sit with the owner, not the GC. We manage that side of the project as your development manager.
The risk
What the owner is responsible for during construction
The general contractor (GC) manages its own scope. Everything outside the construction contract is still the owner’s: lender draws, the architect’s construction administration, owner-furnished items, low-voltage vendors, utility applications, furniture and the move-in date.
These items hold up the schedule more often than owners expect. A finished building can sit dark because the power application went in late. On a 40-unit building renting at $3,000 a unit, each month of delay is $120,000 in lost rent. We track every owner-side item on one schedule alongside the contractor’s, so nothing waits on a late application or order.
What’s included
What we do for you
Results
What you get
Pay apps and lender budgets reconciled before submission.
Utilities, owner-furnished items and consultant work done early enough not to hold up the contractor.
Committed, paid and forecast-to-complete reported every month.
How it runs
The process
- KickoffWe collect the contract, budget, loan documents and schedule and build one master schedule.
- Team alignmentRoles and approval authority set in writing.
- Monthly cyclePay-app review, lender draw, budget update and investor report.
- Weekly controlProject meetings, follow-up on contractor questions and submittals, site walks.
- HandoverSystems, warranties and documents turned over to your property manager.
Deliverables
What you receive
- 01Owner’s master schedule tied to the GC baseline
- 02Monthly draw package reconciled to the lender budget
- 03Budget report: committed, paid and forecast-to-complete
- 04Owner-furnished items procurement and delivery log
- 05RFI and submittal status reports
- 06Open-issues register with cost exposure
- 07Monthly investor and lender report
Examples
Where this work has been done
805 Washington
A nine-story condominium building in Brooklyn. Osher was lead PM for the developer: trade contracts, payments, facade, MEP and turnover.
Commercial Medical Center
A new medical building between occupied neighbors: shoring, cellar, foundations and steel frame. Osher was lead PM for the GC.
What is the difference between construction project management and general contracting?
The GC builds the work and manages the trades. We manage what the owner is responsible for and hold the contractor to the contract.
Do you work with lenders and their inspectors?
Yes. We reconcile each pay app to the lender’s budget, assemble the draw with lien waivers and walk the site with the lender’s inspector.
Can you manage a renovation while tenants stay in the building?
Yes. We plan phasing, access, noise, life safety and tenant notices with the contractor and your property manager.
What kinds of projects has your team managed?
Osher Dyce has been lead project manager on a new-build medical center and on 805 Washington, a nine-story residential building in Brooklyn. He has managed more than 20 major renovations and more than 300 residential units.
Do you replace my developer or development manager?
We can act as your development manager on the construction side or support an in-house team. You make the decisions.
Start a project
Talk to us about your project
Call (570) 339-7793 or book a consultation to go through your budget, loan and schedule with us.
- A 30-minute call with Osher about your project
- An honest opinion, even if you decide not to hire us
- A written proposal: flat monthly retainer or a percentage of construction value