What
is Development Management?
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Development
Management is essentially the co-ordination and management
of all aspects of the development process, coupled with the leadership
and direction of all parties involved.
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Why do I need a Development
Manager?
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For the same reason that a ship
needs a Captain. To establish a common objective and give
leadership and direction to the many specialists involved, and to
co-ordinate and manage their contribution, in order to achieve that
objective. The Development Manager will also manage
the constantly evolving constraints, requirements, and aspirations
of the numerous parties and challenges
which can affect the outcomes of a project.
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Why do Pembrayr
differentiate between Project Management and Development Management?
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Within the property and
construction industry the term Project Manager usually relates to the
management and co-ordination of a technical process. The Project Manger would be given an
instruction as to the size and type of facility required and
the time and cost criteria to be achieved. His role would be to assist in
the selection and appointment of the design team and thereafter to
co-ordinate their activities in securing the necessary local authority
approvals, the preparation of tender documentation, the selection and
appointment of contractors and overseeing their activities to ensure
compliance with the programme, cost, and specification. His role would usually come to an end
upon completion or occupation of the facility.
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Pembrayr take the view that Development Management is
a much broader role. At the start of
a development the Development Manager can assist in identifying
opportunities by evaluating the potential of a client's assets from a number of
varying perspectives, i.e. practical, legal, planning and commercial. This may necessitate liaison with and
collation of advice from a client's Lawyers, Planning Consultants, Investment and
Letting Agents, Highways Consultants, Managing Agents and FM Providers. This will allow formulation of a project
brief, the selection of appropriate designers and technical advisors, and the
preparation of clearly defined project criteria and objectives. Where appropriate, the Development Manager
could identify and secure sources of development funding and liaise with the
client's bank or funding partners to negotiate and subsequently ensure
compliance with the terms of the Development Facility.
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Where commercial property is to be let or sold
following completion of the construction process the Development Manager would:-
(a) manage and co-ordinate the activities of
the letting agents, in securing occupiers.
(b) liaise with the lawyers negotiating the
commercial terms of occupational leases.
(c) co-ordinate the production and collation
of all paperwork necessary to facilitate
a purchaser's due diligence and a
speedy conclusion to the sale of the finished investment.
(d)
assist in the
selection and appointment of Managing Agents to act on the client's behalf in
managing, maintaining and insuring the
property and where appropriate ensuring that Facilities Management regimes are
initiated.
(e)
manage and
co-ordinate the investment sale process, from initial marketing to financial
settlement.
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Would
a client appoint both a Development Manager and a Project Manager?
This
is unlikely but would depend upon the skills and resources available
to the client.
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Much
of the information I would wish to discuss with a Development Manager
would be commercially sensitive. Do you have a conflict if you are
working for several clients?
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Pembrayr believe that
Development Management is a professional activity, to be carried
out with integrity, trust and respect. The relationships we develop
are similar to those a client would have with his Lawyer or Accountant. Our
clients depend upon our professional approach and the commercial
nature of the advice we offer. The
level of repeat business verifies our client's confidence and trust in what we do for them.
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What is your USP ?
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Our hands on approach
and Director level involvement in all aspects of every project,
allows us to provide a bespoke service, tailored to individual client
requirements.
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What Level of Professional Indemnity
Insurance do Pembrayr have?
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The
nature of the advice that we offer is not normally covered by an
insurance policy. Consequently we do not have any Professional Indemnity
Insurance and Pembrayr has been structured as a limited company
to protect the shareholder's assets. Employing Pembrayr on this basis
is no different from relying upon the skills and advice of directly
employed staff.
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What will it cost to employ the skills that Pembrayr
have to offer ?
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The basis of our remuneration
can vary from a simple time charge, to a share of the profits that
we generate for you. The cost of our involvement and the way in
which our fee is calculated will vary dependant upon the nature
of the services that we provide. We believe in transparency
in all that we do and the amount you pay will be negotiated in the
early stages of our relationship.
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Please
explain the origins of the name Pembrayr
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The
name is derived from the County where Peter Thorne was born and
where he lives. Peter was born in "Pembrokeshire"
in Wales and lives in "Ayrshire",
Scotland. Thus "Pembrayr".
It is pronounced as "Pem- br-air" -
Simple really !
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If you have a questions
about any aspect of working with Pembrayr, what we can do for you
or how we go about the services we provide, e-mail your enquiry to
enquiries@pembrayr.com
We
shall be pleased to give you a detailed response.
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