Development Advisory

The Lamplighter School | Dallas, TX

Services

Specialized Expertise & Insightful Guidance

Pritchard offers specialized consulting services when specific expertise is required to address critical issues during the design or construction phase. Our advisory role focuses on providing professional reviews and recommendations to optimize project outcomes and mitigate risks. Our most experienced team members are assigned to construction advisory engagements, and they use extensive industry knowledge, experience and technical proficiency to conduct thorough assessments, analyze project data, and deliver comprehensive reports that highlight project status, risks, and recommendations.

Core Capabilities

Property Condition Assessments

Comprehensive inspections of a building’s structure to evaluate compliance with local building standards and regulations. These assessments inspect the building’s components, including electrical, plumbing, and HVAC systems about their physical state and functionality. By providing an objective snapshot of a building’s condition at a specific point in time, PCAs ensure that all aspects of the structure meet required standards and are functioning properly.

Cost-to-Complete Analysis

This process involves a forensic examination of the current status of an ongoing construction project, coupled with a detailed assessment of the remaining work and budget required to complete it.

Feasibility Studies

This comprehensive analysis is conducted before undertaking development to determine if it is viable, considering the proposed location and the conditions impacting the potential of development. Pritchard supports clients by conducting an analysis that includes local market demand, construction and operational costs, zoning regulations, design feasibility, and site constraints. Feasibility studies help maximize return on investment (ROI), drive business and marketing strategies, and uncover valuable information.

Constructability Review

It’s vital that projects are not only biddable and buildable but also cost-effective and maintainable. Our project management professionals review plans for potential issues early in the process to identify potential issues such as errors, omissions, ambiguities, and conflicts that could impact construction timelines and budgets. By scrutinizing draft plans, technical specifications, and proposed bid schedules, constructability reviews aim to streamline the general contractor bidding process and minimize misunderstandings during construction and beyond. Ultimately, the goal is to enhance project efficiency, mitigate risks, and optimize outcomes by addressing potential challenges upfront.

Value Engineering Support

A careful evaluation of features, systems, equipment, and material choices can enhance building functionality while minimizing costs. The strategic approach to value engineering used by Pritchard prioritizes owner goals and building quality while seeking opportunities to save money. The process begins during the design phase and continues as the project is transitioned to the construction team. Pritchard’s thorough approach is a cornerstone in delivering high-value, sustainable real estate developments.

Project Risk Assessment & Management

Real estate development carries inherent risks and managing them helps safeguard client investments. Pritchard begins with a comprehensive assessment to identify potential threats that could impact project success. Factors such as economic fluctuations, environmental considerations, regulatory shifts, and global events are carefully evaluated for their potential consequences. By proactively addressing these risks, stakeholders can enhance project resilience. This proactive approach ensures projects remain on track despite evolving conditions in the real estate market.

Project Documentation Review

It’s vital to keep all essential documents for your construction project meticulously organized and stored. This includes contracts, blueprints, permits, daily reports, drawings, invoicing, bidding, reporting, and scheduling. Effective document review ensures seamless storage, retrieval, modification, and sharing. By implementing a disciplined approach to document management, we help maintain order and accessibility, ensuring that your project runs smoothly and efficiently, with all necessary documentation readily available when needed.

Contract Risk Analysis

As the owner’s representative Pritchard uses our experience to evaluate design and construction contracts to identify terms that could affect a project’s ability to achieve its objectives. Although our team does not offer legal advice of any kind, experience has given us insights into contract terms that can expose clients to financial, legal, and compliance risks. Although it is impossible to eliminate all risks associated with a project, this analysis ensures potential risks are understood and managed effectively, protecting client interests and contributing to project success.

Featured Projects

Great Hills Country Club

Austin, TX

Pritchard Associates served as owner’s representative and project manager on a two-phase renovation of the Great Hills Country Club in Austin, Texas, partnering with the club to modernize and expand its food and beverage venues. [...]

Services