The reason to hire an Owner's Representative is cost savings.
When an owner has an advocate experienced in the construction process working on their behalf throughout the project, there are significant cost savings to be realized. An Owner's Representative diligently works to keep the project on time and on budget, but they also look for areas to save money, present options and work with the team to find value engineering alternatives.
The largest investment people make is usually in real estate. The process of developing a property from how it is when it is acquired to what they envision ends up being considerably more involved and more expensive than they had expected. They find themselves needing to spend more time and money to complete the project than they had planned, which is turn takes time away from their careers and family. In the end, building their dream becomes a burden, often too large to see through to the end.
Our clients are successful in their own fields, and those fields are typically not in the construction industry. They recognize their own lack of bandwidth, and/or staffing necessary to drive a project to successful completion. There is no reason that the one paying the bills needs to be the least familiar with the building process. We fill the void and regain project ownership for the client.
After cost savings, the next ten benefits of working with an Owner's Representative are:
- Understanding the complete scope of the project by identifying all cost centers, not just the contractor's bid (Often not included: landscape, hardscape, A/V, pool/equipment, fences)
- Assistance finding a location/project
- Team Selection and RFP Management
- Positioning the owner, the architect, and general contractor on equal footing
- Defining the owner’s role, responsibilities, and decision timelines through the process
- Increased visibility into the project’s expenses and timelines
- Professional management of the day-to-day operations in remote location
- Streamlining communication to coordinate various roles to get them working together
- Limiting project fatigued that takes away from the excitement that prompted the project
- Alleviating stress makes for a happier home