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                            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.

                            Introduction | Pre-Project Study | Concept Phase
                            Concept Development | Schematic Design | Final Design | Tender & Award
                            Construction | Project Commissioning & Finishing

                            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, or?/p>

                             

                                 

                            0.14

                            Revise report as needed

                                 

                            0.15

                            Release next phase funding based on final report, or abort

                             

                                 

                            Introduction  Introduction

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