All projects start with a vision. From master planning through the completion of a project, G23 Development utilizes a 7 step process that takes your vision and makes it a reality.
STEP 1 - Discovery, Needs Assessment, Due Diligence and Negotiations
Timing: 6 weeks to 9 months
Develop or Review Business Plan
Develop the Real Estate Program Requirement
Identify Site/Property Options
Perform Site Due Diligence
Property and Government Negotiations
Results: The Property is Ready for Purchase
STEP 2 - Property Purchase
Timing: Follows Step 1
Purchase Agreement Prepared
Advise on Legal Due Diligence
Government Compliance
Funding for Project in Place
Results: The Property is Purchased and Secured
STEP 3 - Program Planning, Design and Bidding
Timing: 4-15 weeks
Site Plan Approval
Program Planning and Design
Bid Package Distribution
Bids, Presentations and Quotes
Contractor Quotes Analyzed
Results: Ready for Construction
STEP 4 - Contracting
Timing: 3-4 weeks
Select Subcontractors
Write Legal Contract for Sub Base
Prepare Schedule and Budgets
Finalize Costs
Complete Insurance Audit on Sub Base
Approve and Sign Contracts
Results: Construction Contract Signed and Construction to Commence
STEP 5 - Pre-Construction
Timing: 25-35 Weeks
Finalize Construction Drawings
Buildability Review and Value Engineering
Order Long Lead Time Materials
Building Permits Granted (May be Phased)
Project Properly Planned
Results: Client Expectations Set
STEP 6 - Construction Oversight
Timing: Project Duration
Site Visits
Daily Scheduling
Weekly Progress Meetings
Change Order Review
Contractor Payments Approved
Ongoing Client Meetings
Follow-up Reports
Punchlist
Results: Building is Constructed per Contract and Ready for Occupancy
STEP 7 - Operations
Timing: 30 weeks During Design Phase
Procure New Machinery (if needed)
Procure Rigging, Mechanical, and Electrical
Procure FF&E
Organize Move Plan
Assist in Selection of Property Manager
Open For Business
Results: Operations are Relocated
64 West Seegers Road, Area 23, Arlington Heights, Illinois 60005 P: 847.640.9300 F: 847.640.9398
