Wolf Development Services provides assistance to ownership by identifying, qualifying, selecting, and retaining the required resources to build and manage the project team. Services range from site acquisition support through design and approval management to construction and project close-out.
We serve as your “eyes and ears” to protect your interests. Here’s how we can assist you:
Acquisition and Site Selection
- Assemble and lead team of qualified professionals (Architect, Civil Engineer, Land Use Attorney, etc) to creatively analyze the subject property
- Review property information and tour property with professionals
- Determine preliminary feasibility of proposed uses and modifications based on professionals’ input
- Prepare preliminary cost estimates and schedules
- Assist owner’s acquisition and asset management team to prepare investment models and investment memos for potential investors and joint venture partners.
Due Diligence
- Assemble and manage a team of qualified professionals (Architect, Civil Engineer, Structural Engineer, Mechanical Engineer, Land Use Attorney, Building Inspection Services Firms, Environmental Scientists, etc) to evaluate the subject property
- Tour property with members of the professional team
- Review professional reports and recommend further study where necessary
- Direct professionals to complete initial design studies to verify appropriateness of property for the development or redevelopment work anticipated by owner
- Compare initial design studies to preliminary cost estimates and schedules and update as required
- Prepare summary reports for owner’s use in evaluating decision to proceed with purchase
- Assist owner’s acquisition and asset management team to prepare final models and investment memorandums for investors and joint venture partners
Design and Entitlements
- Identify and manage professional team to proceed with building and site design development
- Review and monitor professional team’s progress and recommend modifications as required
- Review design progress periodically with owner and recommend modifications as required
- Manage professional team’s applications for entitlements with local, state and federal agencies
- Resolve issues to secure project entitlement and attend public hearings
- Negotiate proffers with public authorities
- Source and supervise local permit expeditors to assist in the process of obtaining required entitlements
- Report periodically to owner on the status of design and entitlement progress relative to initial project schedule
Value Engineering
- Lead the professional team in identifying and incorporating changes to the project scope in order to meet project budgets and schedules
Construction Bid and Award
- Select appropriate contractors and prepare recommended bid list
- Arrange for the distribution of bid packages, set due dates and additional bid requirements
- Receive and evaluate bids. Review bids and correspond with bidders in order to obtain missing information and to equalize the bids
- Present recommendations to owner for bid award
- Negotiate with contractors as required in consultation with owner and award contract
- Negotiate final contract terms and documents
Construction Management
- Organize and lead regularly scheduled progress meetings with the contractor and professionals in order to monitor progress and resolve disputes
- Review change order requests and make recommendations to owner for approval
- Monitor RFI and submittal logs and work with professional team to provide information to the contractor in a timely manner
- Review contractor’s applications for payment and make recommendations to owner for approval
- Interface with owner’s project accountant on monthly financial statements and forecasts
- Report periodically to owner on the status of construction schedule and costs
- Be available to report to owner’s investors and joint venture partners on project timing and costs
- Review and approve contractors close out package including approvals by municipal, state and federal agencies
- Monitor and approve contractors progress in completing punch list or other remedial work
Marketing & Leasing
- Assist owner in the preparation of marketing materials
- Retain and direct architects for tenant improvement work
- Provide budgets and schedules for owner’s use in preparing leasing proposals
- Bid and award tenant improvement work to general contractors
- Obtain building permits for TI projects
- Attend TI progress meetings and resolve disputes as they arise
- Review and recommend for approval contractor change orders and applications for payment
- Ensure final tenant acceptance and project close out
