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Owner's Representative Scenarios                    Back to Residential Services

Scenario 1:  New Home

Client purchases a property to build a home or develop an income producing property. 

    In this instance, BTG can provide the following services:

●     Take the lead and/or assist the Owner with selection of the architect, general contractor project team, and other consultants

●     Assist legal counsel in drafting agreements/contracts which will include control documents that will be used to monitor project progress (costs and time)

●     Oversee all consultants, manage the project, and be the one point of contact for the project team so the Owner does not have to take time out of his/her schedule to deal with project issues

  
Scenario 2:  Stalled Project

Client has a project currently under construction that is in trouble. 

Examples of this include a project under construction where the contractor is over budget and/or behind schedule, or the contractor needs to be replaced due to fraud, bankruptcy or other reasons.

      In this case, BTG can provide the following services:

●     Evaluate the situation, determine the issues, and set a plan in place to implement changes. 

●     Work with the appropriate individuals or entities to make the necessary changes. 

●     Implement and manage those changes to make sure the project gets back on track.
 

Scenario 3:  Property Potential / Evaluation

Client has an investment and is trying to understand the property's value.

Example:  An institution or investor may need to determine if they should continue to fund a project or sell their interest to a partner or third party.

      The services BTG would provide are: 

●     Prepare a cost and feasibility analysis to determine the actual costs to complete the project versus what has been spent to date.

●      Work with the appropriate firms and/or individuals in obtaining market data.

●     Create a financial model to determine a project's internal rate of return (IRR).

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