Professional Services
Project Development Management Services
Unique to Compass Hospitality's project management capabilities in the development of new properties is the integrated approach covering from conceptual development to project management and finally, into day-to-day management and operations.
By adopting a one-stop seamless approach, our clients are assured that their properties are developed in accordance with sound concepts that are in turn strongly founded on performance-driven operations.
Hence, feasibility studies, project concept development, and technical services are conducted by Compass Hospitality with strong sensitivity to how best a property should be managed in terms of optimal facilities planning, process efficiency, and operational yields in order to secure maximum yields.
Besides overseeing project development from the broad perspective of a developer, Compass Hospitality adopts a hands-on approach to execute the entire scope of project development and management functions that also includes technical services from an operator's perspective.
Typical project management services would cover the following functions:
| Project Evaluation |
Advise on market positioning of project
Advise on investment or trading strategies for the project
Conduct project feasibility study
Estimate project development budget in consultation with project consultants
Estimate timeline for project completion
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| Appointment of Project Consultants and Contractors |
Advise owners on appointment of project consultants
Firm up project development budget and critical path analysis in consultation with project consultants
Recommend the appointment of main contractor and nominated sub-contractors
Advise on contractual issues
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| Project Concept Development |
Advise on project concept and architectural design development in consultation with project consultants
Advise on space utilization and facilities planning of development
Advise on operating concept of project
Recommend phased development and marketing launch
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| Corporate Structure and Project Financing |
Advise on corporate structure involving joint venture partners and investors
Advise and facilitate project financing
Coordinate with project consultants on project insurance coverage
Ensure coverage of contractors' work via performance bonds
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| Coordination with Authorities and Project Documentation |
Liaise with project consultants on the submission of permits, licenses, and project documentation to authorities
Maintain updated records on project working drawings
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| Site Preparation |
Coordinate site clearance
Coordinate ground survey
Coordinate project ground-breaking
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| Project Construction |
Coordinate site construction activities
Coordinate project progress meetings for project consultants and contractors
Review and recommend project variation orders
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| Project Costing |
Update project development budget
Monitor construction cost as a result of project variation orders
Work with project consultants on liquidated damages arising from project delays by contractors
Establish project final accounts in consultation with project consultants
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| Testing and Commissioning |
Coordinate testing and commissioning of M & E services in consultation with project consultants
Coordinate interfacing of vendors' work with contractors' work
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| Project Hand-over |
Coordinate the handing over of areas from the contractors to the owners / operators
Monitor rectification and follow-up works on hand-over punch lists
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