Organizing For Development
A development team can be put together in one of several ways. At one extreme, a large company might include many services, from architecture to engineering. At the other end of the spectrum, a development company might consist of one principal and a few staff who hire or contract with other companies and professionals for each service as needed.
Assembling a team of professionals to address the environmental, economic, physical and political issues inherent in a complex development project is critical. A developer's success depends on the ability to coordinate the completion of a series of interrelated activities efficiently and at the appropriate time.
The development process requires skills of many professionals: architects, landscape architects, civil engineers and site planners to address project design; market consultants to determine demand and a project's economics; attorneys to handle agreements and government approvals; environmental consultants and soils engineers to analyze a site's physical limitations and environmental impacts; surveyors and title companies to provide legal descriptions of a property; and lenders to provide financing.
Read more about this topic: Real Estate Development
Famous quotes containing the words organizing for, organizing and/or development:
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—John Ashbery (b. 1927)
“The lies fall like flaxen threads from the skies
All over America, and the fact that some of them are true of course
Doesn’t so much not matter as serve to justify
The whole mad organizing force under the billows of correct delight.”
—John Ashbery (b. 1927)
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—M. E. W. Sherwood (1826–1903)