What Is Development Management?
Development management (may also called owner's representative services) is the process of overseeing a real estate project from initial concept through move-in, on behalf of the property owner or developer. BC Group manages the entire lifecycle of a project -- As your development partner, BC Group manages financial feasability, coordinating and contracting architects, engineers, contractors, and lenders -- so owners have a single point of accountability instead of juggling multiple vendors themselves.
This applies whether you are exploring a new construction idea, evaluating whether to buy an existing building, or expanding an established business to a new location. BC Group outlines the process, sets milestones, and manages every detailed task in between, including:
- Due Diligence
- Financial feasability
- Design Creation and Management
- Pre-Construction
- Financial strategy and closing
- Construction Management
- Project Completion and Turnover
Each phase below explains exactly what BC Group does and what deliverables you receive.
Who We Serve
BC Group provides development and construction management services to:
- Real Estate Developers -- expanding a portfolio or taking on a new ground-up or renovation project
- Non-Profit Organizations -- building or expanding a facility with limited in-house development staff
- For Profit Business - Who need to focus on their business or do not have development team or has a limited development team
- Government Agencies -- managing public building or infrastructure projects that require owner's-representative oversight
- Established Businesses -- expanding operations into a new or existing location
- Lenders -- requiring independent third-party construction monitoring and draw review (link to /lender-financial-services/)
Who does BC Group work with?
BC Group works with real estate developers, non-profit organizations, government agencies, established businesses expanding to new locations, and lenders that need third-party construction oversight.
Frequently Asked Questions
What is development management in real estate?
Development management is the process of planning, coordinating, and overseeing a real estate project on behalf of the owner, from due diligence and design through construction and turnover. A development partner and manager acts as the owner's representative, managing architects, contractors, consultants, and lenders so the owner has one point of accountability.
Who needs a development management firm?
Real estate developers, non-profit organizations, for profit organizations, government agencies, and business owners who are buying, building, or expanding a property benefit from a development partner and management firm, especially when they lack in-house staff to manage architects, contractors, and lenders through a multi-phase construction project.
What is the difference between a development manager and a general contractor?
A general contractor is responsible for physically building the project and managing subcontractors on site. A development partner and manager as the owner's representative works on behalf of the property owner across the entire project -- including phases before and after construction, such as due diligence, design, financing coordination, and closeout -- and oversees the general contractor rather than performing the construction work itself.
What are the phases of the development management process?
BC Group's development management process includes five phases: Due Diligence (property and market evaluation), Design Creation and Management (architect and consultant coordination), Pre-Construction (contractor selection and final budgeting), Construction Management (on-site oversight and reporting), and Project Completion and Turnover (inspections, occupancy, and closeout documentation).
Design Creation & Management
Pre-Construction: Selecting a Contractor and Finalizing the Budget
