Construction & Development
Owners Representation Service
Terra Real Estate has been Providing the Following Commercial Real Estate Services to Our Clients
After the location has been selected and the lease or sale is finalized, Terra Real Estate offers the following continuation of services.
1.
Guide our client in the selection of an Architect/Designer to prepare the required construction drawings and obtain necessary building permits.
2.
Oversee all space plans and architectural design process.
3.
Assemble a detailed project budget.
4.
Select the general contractor, review the contract and finalize the pricing.
5.
Review the bids with the client and the Architect.
6.
Select, with the client:
A) The general contractor
B) Review the contract
C) Finalize the price
7.
Oversee the general contractor’s work, schedule, and performance.
8.
Respond to all field questions and coordinate any change orders.
9.
Prepare with the architect final punch list items and oversee completion.
10.
Throughout the construction period coordinate the draw and payment schedules with client’s lender and the general contractor.
11.
Attend the final “walk through” and supervise the completion of any punch list items.
Compensation
Terra Real Estate will receive a set fee. The set fee is a percentage of the total construction budget for this service. It will be agreed upon prior to the commencement of the service and will appear as a separate line item on the construction pricing.