80m over next three years

Set out way to plan this project

1. Inception of an idea
a. Feasible
b. Not feasible
- Background knowledge and current market data

2. Refinement of the idea

a. Feasible
b. Not feasible
- Select a tentative design, site location

3. Feasibility study
a. Feasible
b. Not feasible
- Conduct formal market study to capture rates, compare estimated value of the project with
cost.
- Demonstrate legal, physical and financial feasibility.

4. Contract Negotiation
(80m project 3 -stage)
- Hire design consultant (Architect, Engineer, surveyor, QS)
- Hire general contractor

5. Formal commitment & design

- Signing of contracts
- Design Approval

6. Construction
- Keep all cost within budget
- Resolve dispute
- Process interim Payments
- Keep works on schedule

7. Completion and formal opening

- Local Authority approves occupancy
8. Portfolio Management
- Property maintenance to extend the economic life