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Developing Construction Projects: From Market Analysis to Building Design

This guide provides insights from a developer’s perspective on the steps involved in preparing the bid package for construction projects. It covers topics such as project initiation based on market analysis, feasibility studies, financing options, and the different design phases leading up to bidding. The text language is English.

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Developing Construction Projects: From Market Analysis to Building Design

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Presentation Transcript

  1. Preparing the Bid Package(A Developers Perspective)

  2. HOW DO THINGS GET BUILT??????

  3. Project Concept and Need: Initiation of the Project • Most construction projects are economically driven: • Regions of healthy industry & manufacturing tend to foster further construction: • Homes • Grocery Stores • Department Stores • Shopping Malls • Public Utilities • Transportation Systems

  4. Establishing Need: Market Analysis • Opportunities are identified and evaluated through feasibility studies. • Demographic & market analyses are used that forecast future growth • Projects are then financed by investors who then: • INITIATE PROJECTS

  5. The Feasibility Study • Prelim study includes the projected preliminary estimate of the overall costs for the project. • The study includes an investigation of the project’s return on investment (ROI) • The factors are investigated such as: • Cost of job (budget) • Timeline required for completion • Market demand • Economic life of project • Projected income • Decision to proceed by developer will be based on these factors. • ARCHITECT/ENGINEERING FIRMS OFTEN OFFER FEASIBILITY STUDY SERVICES. • LET’S LOOK AT ONE!

  6. Next Step: Financing • If decision is to proceed: Financing must be secured • Developers Options: • Private investors • Borrow **Either case, there must be evidence of anticipated ROI (Feasibility Study)

  7. Design Phase 1:Conceptual Drawings & Estimates • Now it is time to determine basis of design: • engineer/architect involvement • Renderings & sketches assist potential investors in understanding the project • Determine early cost estimates & schedules • Often on a square foot basis (see handout) • Selection of site often occurs at this time Renderings: Show function & general layout of the building/project

  8. Design Phase 2: Develop Schematic(Preliminary Drawings) • Engineer/Architect necessary • Specific building features are defined • Dimensions • Floor plan • Specifications are outlined

  9. Design Phase 3: Design Development • Actual design work is performed here: • Building features, components & cladding (architect) • Site development, structural system & details (structural & civil engineer) • Plumbing, electrical & HVAC (mechanical/electrical engineer) • Final Plans & Specifications are developed • These constitute legal documents— and job can go out to bid at this point

  10. Notice To Bidders Is Issued • Announcement that design documents are available to bidders for consideration • Notice contains: • General type of project information • Size of project • Availability of plans & specifications • Time, place and opening of bids

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