And isn’t this exactly what investors look for when hiring their developer?
If you don't have this sector working in your company yet, but uk companies email list made it this far, I believe you feel that now is the time to change your management principles. A good look at the real estate development market shows that competition in this niche has increased exponentially. With the opening of new opportunities for the sector , innovation becomes a survival factor.
According to the Brazilian Association of Real Estate Developers ( ABRAINC ), the Brazilian market recorded a 0.4% increase in the total value of properties sold in the last 12 months ending in April, according to the ABRAINC-FIPE indicator, which collected data from 20 companies in the sector. The total sales value according to the survey reached R$41.5 billion.
Faced with a competitive scenario, I will help you understand the concept of project management, so that you can gather arguments and be able to guide decision-making in the implementation of this sector in your development company, improving your indexes.
Now, if you have already started project management work and are already reaping the benefits of this initiative, this article will help you optimize your tasks , so that they bring even more benefits to your final results.
Summary
What is contract management for developers?
Management of incorporation contracts
Supplier contract management
Choose a contract management software
Plan contract management
Monitor contract performance closely
What have you learned so far?
Listen to CV in Practice and get ahead in contract management
What is contract management for developers?
Contract management is the task of ensuring that every detail of each contract involving a project is fulfilled. It is the act of monitoring the life cycle of contracts, ensuring that they remain “healthy” and avoiding breaches of agreements.
The life cycle of a contract has three stages: negotiation and signature; monitoring; and closure.
Management of incorporation contracts
Considering the real estate development business, which is the subdivision and construction of housing projects, the complexity of contracts is a striking feature. These are the documents that regulate the relationship between the developer and the client, and between the developer and all suppliers, and therefore they must be clear, concise, and comprehensive in order to define the rights and obligations of both parties.
In the case of contract management for incorporation, it is important to consider a few points when writing the document . The object, for example, will always be the property that is being incorporated. Therefore, the contract must define the type of property, the location, the area, the footage and the characteristics of the property.
Another item is the price of the property , which is the amount that the client will pay for the property. The contract must define the price, the form of payment and the deadline, which is the period of time that the developer must deliver the property to the client . The contract must explicitly state the consequences in case of delay, in order to safeguard the buyer.
Regarding guarantees , the developer must include a quality guarantee, a guarantee of on-time delivery, and a guarantee of compensation in the event of defects.
In the resolution , the document provides for the possibility of both parties to terminate the contract in the event of non-compliance with any clause. The contract may be terminated at the initiative of the developer, the client or by court order.
Each of these points unfolds into many other legal details that will often be specific to the project in question. The professional responsible for contract management at your development company must master these details, being able to monitor and classify them at any time.