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VENTURES
REAL ESTATE
CONSULTING

Two people in safety vests reviewing plans at a construction site

CONSTRUCTION MANAGEMENT SERVICES

Construction execution. Owner-side oversight.

VREC represents the client's interests throughout the construction process—coordinating pre-construction, contractor engagement, cost and schedule oversight, payment and change-order review, quality-control processes and project closeout.

OWNER-SIDE OVERSIGHT FROM PRE-CONSTRUCTION THROUGH CLOSEOUT.

The role of VREC

Successful construction management requires more than monitoring a schedule. It requires disciplined coordination among ownership, the general contractor, design team, lender and other project participants while maintaining focus on budget, quality, timing and the client's objectives.

VREC serves as the client's construction-management representative, helping organize decisions, monitor execution, identify issues early and maintain accountability throughout the construction process.

VREC

Lender

Design
Team

Ownership

General
Contractor

Our approach

PRE-CONSTRUCTION

Plan Before Construction Starts

  • Recommend qualified general contractors for client consideration.

  • Manage general-contractor involvement during the design process.

  • Coordinate plan review and page-turn processes with the general contractor.

  • Help integrate plan-review comments into formal design documents.

  • Establish value-engineering options for the client.

  • Manage early cost-estimating protocols against the targeted budget.

CONSTRUCTION OVERSIGHT

Monitor Execution, Cost and Schedule

  • Attend weekly site meetings and monthly owner-architect-contractor/pay-application meetings on behalf of the client.

  • Monitor weekly and monthly schedule progress.

  • Provide regular client reporting.

  • Review pay applications and prepare draw requests for client review and approval.

  • Coordinate lender inspections and ongoing questions.

  • Review, evaluate and manage general-contractor change-order requests.

CLOSEOUT

Manage the Path to Turnover

  • Manage the process with the general contractor for securing Certificates of Occupancy.

  • Manage unit turnover between owner and general contractor.

  • Manage the general contractor's warranty-deliverable process.

CONTRACT & MOBILIZATION

Align the Contract With Client Objectives

  • Recommend legal representation for construction-contract negotiation.

  • Provide construction-contract redlines for client review.

  • Review key contract exhibits for alignment with the client's objectives.

  • Establish clear expectations before field execution begins.

QUALITY & ISSUE RESOLUTION

Protect Quality and Reduce Delay Risk

  • Analyze value-engineering options identified in the field and manage approved execution.

  • Review RFIs for quality-control implications and support timely resolution.

  • Review shop drawings from the general contractor for quality-control purposes.

  • Help keep RFI and shop-drawing review moving to reduce avoidable schedule delays.

Who this is for

  • Owners and investors who need experienced construction oversight without building a full internal construction-management team.

  • Developers seeking principal-level owner-side coordination across contractor, design, lender and ownership interests.

  • Lenders or capital partners requiring disciplined visibility into construction progress, draws, schedule and emerging issues.

  • Ownership groups entering a complex construction phase where cost, schedule, quality and accountability require active management.

When to call VREC

  • Before selecting or engaging a general contractor.

  • During design, when contractor input, constructability, cost estimating and value engineering need coordination.

  • Before executing the construction contract or key exhibits.

  • When ownership needs an experienced representative at recurring construction and pay-application meetings.

  • When change orders, RFIs, shop drawings or schedule issues require active owner-side attention.

  • As the project approaches Certificates of Occupancy, unit turnover and warranty closeout.

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