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Project Management
Tax Credits
Design & Engineering
The General Contractor
Principles & Values
100

Hot Sheet, Budget Tracker, Contingency/Change Order Log. Please maintain this document regularly. That is not a request!

What is: Project Management Tracker

100

Don't underestimate the time and effort it takes to compile a complete submission of this. And have your consultant review the Cost Cert and App Workbook.

What is: Placed-In-Service Package

100

Funding, sustainability & accessibility requirements should always be incorporated here.

What is: Architect's Contract

100

Prevailing wage. Section 3. Minimum Construction Standards. Sustainable Building Methods. FHA. All requirements that may be found here...depending.

What is: GC Contract

100

We have this when do what we say we will do, and stick to our commitments.

What is: Currency

200

Every ___ matters. Have a clear rationale for how the value of each was derived and keep notes.

What is: Line Item

200

To max out Acquisition Basis, consider getting an additional appraisal to capture all possible land value. And don't forget to include the impact of this.

What are: Increased rents

200
Processing applications for fire, water, gas, storm water & sewer permits should be included under the purview of this person. Though they aren't expected to pay for the permits.

What is: Civil Engineer

200

Spell these out. Pricing is always better when negotiated up front.

What are: Add-alternates

200

This principle requires empathy. While something may not matter to you, it may make a big difference for others (i.e. property manager). Little things can go a long way.

What is: Frosted Glass

300

Because consultants do not always deliver on time, a working version of this should always be kept in-house.

What is: Proforma

300

Negotiate to use this method when calculating first year credits.

What is: Grace Robertson Method

300

While these specialized fields may be in the architect's contract, they may not be. You should know. Like...you better know.

What is: Interior design, signage & acoustics

300

While incorporating a hearty one of these in the GC contract may seem like a good idea, beware the unintended consequences. 

What is: Liquidated Damages Clause

300

Just because you know, you don't necessarily know. Appreciate the distinction and context that sets each deal apart. Beachwood was no ____.

What is: Arrowhead