|
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. |
|
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, orƒ
|
|
|
|
|
|
|
0.14
|
Revise report as needed
|
|
|
|
|
|
|
0.15
|
Release next phase funding based on final report, or abort
|
|
|
|
|
|
|
|
Introduction
