Construction Management:

Top3 Real Estate Development looks after the overall planning, coordination, and control of a project from beginning to completion. We aim at meeting a client's requirement in order to produce a functionally and financially viable project.

We assign a contractor to a construction project once the design has been completed by the consultant. This is done by going through a bidding process with different contractors. The contractor is selected by using one of three common selection methods: low-bid selection, best-value selection, or qualifications-based selection.

Our functions in construction management typically include specifying project objectives and plans including delineation of scope, budgeting, scheduling, setting performance requirements, and selecting project participants. We implement various operations through proper coordination and control of planning, design, estimating, contracting and construction in the entire process. We develop effective communications and mechanisms for resolving conflicts

The Bidding Process:

A bid is given to the client by construction managers that are willing to complete their construction project. A bid tells the client how much money they should expect to pay the construction management company in order for them to complete the project.

Open bid: An open bid is used for public projects. Any and all contractors are allowed to submit their bid due to public advertising.

Closed bid: A closed bid is used for private projects. A selection of contractors are sent an invitation for bid so only they can submit a bid for the specified project.

Selection Methods:

Low-bid selection: This selection focuses on the price of a project. Multiple construction management companies submit a bid to the client that is the lowest amount they are willing to do the job for. Then the client usually chooses the company with the lowest bid to complete the job for them.

Best-value selection: This selection focuses on both the price and qualifications of the contractors submitting bids. This means that the client chooses the contractor with the best price and the best qualifications. The owner decides by using a request for proposal (RFP), which provides the owner with the contractor's exact form of scheduling and budgeting that the contractor expects to use for the project.

Qualifications-based selection: This selection is used when the client decides to choose the contractor only on the basis of their qualifications. The client then uses a request for qualifications (RFQ), which provides the client with the contractor's experience, management plans, project organization, and budget and schedule performance. The client may also ask for safety records and individual credentials of their members.

Project Stages:

Design:

The design stage contains a lot of steps: programming and feasibility, schematic design, design development, and contract documents. It is the responsibility of the design team to ensure that the design meets all building codes and regulations. It is during the design stage that the bidding process takes place.

• Programming and feasibility: The needs, goals, and objectives must be determined for the building. Decisions must be made on the building size, number of rooms, how the space will be used, and who will be using the space. This must all be considered to begin the actual designing of the building.
• Schematic design: Schematic designs are sketches used to identify spaces, shapes, and patterns. Materials, sizes, colors, and textures must be considered in the sketches.
• Design development (DD): This step requires research and investigation into what materials and equipment will be used as well as their cost.
• Contract documents (CDs): Contract documents are the final drawings and specifications of the construction project. They are used by contractors to determine their bid while builders use them for the construction process. Contract documents can also be called working drawings.

Pre-construction:

The pre-construction stage begins when the client gives a notice to proceed to the contractor that they have chosen through the bidding process. A notice to proceed is when the client gives permission to the contractor to begin their work on the project. The first step is to assign the project team which includes the project manager (PM), contract administrator, superintendent, and field engineer.

During the pre-construction stage, a site investigation must take place. A site investigation takes place to discover if any steps need to be implemented on the job site. This is in order to get the site ready before the actual construction begins. This also includes any unforeseen conditions such as historical artifacts or environment problems. A soil test must be done to determine if the soil is in good condition to be built upon.

Construction:

The construction stage begins with a pre-construction meeting brought together by the superintendent. The pre-construction meeting is meant to make decisions dealing with work hours, material storage, quality control, and site access. The next step is to move everything onto the construction site and set it all up.

At this stage, construction monitoring and supervision is of great importance to ensure that a project is completed on time and on budget, while meeting all relevant regulations and quality standards.

Contractor progress payment schedule:

A Contractor progress payment schedule is a schedule of when (according to project milestones or specified dates) contractors and suppliers will be paid for the current progress of installed work.

Progress payments are partial payments for work completed during a portion, usually a month, during a construction period. Progress payments are made to general contractors, subcontractors, and suppliers as construction projects progress. Payments are typically made on a monthly basis but could be modified to meet certain milestones. Progress payments are an important part of contract administration for the contractor. Proper preparation of the information necessary for payment processing can help the contractor financially complete the project.

Client occupancy:

Once the client moves into the building, a warranty period begins. This is to ensure that all materials, equipment, and quality meet the expectations of the owner that are included within the contract.