Property Development Blueprint

Leveraging our 20 years of Property and Project development experience our comprehensive service covers the entire property development cycle, from needs discovery and land acquisition through design development, construction, occupation, and operational excellence.

Our services ensure an integrated best practice approach to ensure a systematic and functional process for our clients, mitigating risk, limiting frustrations, maximizing outcomes.

Property Development Cycle Outline

1. Needs Discovery & Land Acquisition

  • Asset Planning and Returns Analysis
    • Identifying the core Investment Thesis for the prospective Property Investment Case
    • Challenging the Investment Case with our patented ‘Competition for Capital’ analysis matrix
  • Touchpoints Analysis
    • Equipping the ‘decision sphere’ with tools to aid the discovery of the highest and best uses, at the lowest development and latent costs
    • Testing and excluding alternative, and/or complementary use cases
    • Conducting Bundled Benefits Analytics
  • Market Analysis
    • Identify target markets and demand trends.
    • Conduct feasibility studies and SWOT analysis.
  • Site Selection
    • Evaluate potential sites based on location, accessibility, and market demand.
    • Perform due diligence including environmental assessments and zoning regulations.
  • Land Acquisition
    • Negotiate purchase agreements and secure financing.
    • Obtain necessary approvals and permits.

2. Concept Development

  • Vision and Objectives
    • Define the project vision, goals, and key performance indicators (KPIs).
    • Engage stakeholders to align expectations and objectives.
  • Initial Design Concepts
    • Develop initial design sketches and master plans.
    • Assess architectural feasibility and aesthetic alignment with market needs.
  • Financial Modelling
    • Create preliminary budgets and financial projections.
    • Assess project viability and return on investment (ROI).

3. Design Development

  • Detailed Design
    • Finalize architectural designs and engineering plans.
    • Ensure compliance with local building codes and regulations.
  • Stakeholder Engagement
    • Hold design review meetings with stakeholders for feedback and approval.
    • Incorporate stakeholder input and refine designs.
  • Cost Estimation and Value Engineering
    • Conduct detailed cost estimations and identify cost-saving opportunities.
    • Implement value engineering to optimize design without compromising quality.

4. Pre-Construction

  • Permitting and Approvals
    • Obtain all necessary construction permits and regulatory approvals.
    • Address any community concerns or objections.
  • Contractor Selection
    • Prequalify and select contractors through a competitive bidding process.
    • Negotiate and finalize contracts.
  • Construction Planning
    • Develop detailed construction schedules and logistics plans.
    • Establish site safety protocols and quality assurance plans.

5. Construction

  • Site Preparation
    • Perform site clearing, grading, and utility installations.
    • Set up temporary facilities and establish site access.
  • Construction Management
    • Oversee construction activities and ensure adherence to the schedule.
    • Conduct regular site inspections and progress meetings.
  • Quality Control
    • Implement rigorous quality control measures.
    • Address any construction defects or issues promptly.

6. Project Monitoring and Control

  • Progress Tracking
    • Use project management software to monitor progress against the plan.
    • Regularly update stakeholders on project status.
  • Cost Management
    • Track expenditures and manage the budget.
    • Implement cost control measures and address variances.
  • Risk Management
    • Identify potential risks and develop mitigation strategies.
    • Monitor and manage risks throughout the project lifecycle.

7. Occupation and Handover

  • Final Inspections
    • Conduct final inspections to ensure all work meets specified standards.
    • Obtain occupancy permits and certifications.
  • Handover Process
    • Prepare comprehensive handover documentation.
    • Train the client’s facilities management team on operating systems and equipment.
  • Tenant Fit-Out
    • Coordinate tenant-specific fit-out requirements.
    • Ensure seamless transition and occupation by tenants.

8. Operational Excellence

  • Facility Management
    • Implement robust facilities management practices.
    • Ensure ongoing maintenance and operational efficiency.
  • Performance Monitoring
    • Track building performance metrics and KPIs.
    • Conduct regular audits and assessments to ensure continuous improvement.
  • Stakeholder Engagement
    • Maintain open communication channels with tenants and stakeholders.
    • Address any operational issues promptly to ensure tenant satisfaction.

9. Post-Completion Review

  • Project Evaluation
    • Conduct a comprehensive post-completion review.
    • Analyze project performance against initial objectives and KPIs.
  • Lessons Learned
    • Document lessons learned and best practices.
    • Share insights with stakeholders to improve future projects.
  • Continuous Improvement
    • Implement feedback loops for continuous process improvement.
    • Update standard operating procedures (SOPs) based on project outcomes.

Why Qfactor

Our services provide a structured approach to property development, emphasizing systematic planning, stakeholder engagement, and continuous improvement. By following these steps, you can ensure successful project delivery and operational excellence for your clients.