Determining if a project is possible or financially viable. The most instrumental phase when considering a land purchase for any project. A proficient process is crucial to saving time, which always equates to saving dollars. Long feasibility periods are expensive and use valuable resources. Structured planning on how to approach different tracts and applications is of utmost importance.

Negotiation to equitable terms at the beginning can create a great introduction to a project or one to recover from on the backside. Strategy and creativity are valuable tools on complex deals with diverse interests on either side. Experience and the ability to anticipate the other side is vital to make the best decisions.

A developer’s approach and direction in this phase can be the most distinctive characteristic they have. Everything from intricate engineering features to elaborate proformas are involved at this stage. All of the defining characteristics of a firm are involved to create the best possible product for the specific market in the area. Some may pursue creating a new market compared to one existing elsewhere. The decisions in this phase will make or break the end result of a project. A definitive direction is required within a relatively short period of time with the costly clock always ticking away.

The execution of carefully crafted design and engineering should be the step that flows through as planned. A qualified construction team can execute to completion on any project following a detailed set of plans. Variables and nature existent on the site can often create added difficulties that are not in any textbook or diagram. Experience and knowledge separate the true operators and team leaders in order to allow for the quality and precision in delivery along with safety of the team throughout the life of the project.