
CREA Capital Group
Owners Representation Services
for Direct and Indirect Capital Costs
CREA's Owners Rep Services is unique because it manages the entire capital budget, including both direct and indirect costs. This is total approved capital expenditure for all elements of the project. The cross- disciplined expertise of its team members, allows CREA to provide the Owner/User with a single source from which an entire project can be coordinated. Our services include:
Total Capital Budget Management (direct and indirect costs)
Program Management
Assessing Development Plan Potential
Strategic Land and Master Planning
Acquisition Structuring
Governmental Approvals
Recommending Space Allocations and Adjacencies
Preliminary Space Planning
Developing Plans and Specifications
Providing estimates, budgets, and schedules
Coordinating Bid Process from Architects and Contractors
Monitoring Contractors and Construction Progress
Monitoring Change Order Requests
Performing Inspections
Gathering warranties
Providing Move-In Coordination
The advantages of the single source approach include:
First, CREA is able to control costs more efficiently. Besides the bricks and sticks, CREA can also oversees the entire development budget including soft cost management - such as the costs of architects, engineers, other consultants, permits and approvals, and insurance. The indirect costs often can represent about twenty-five percent of the total project cost.
The second advantage of the single source approach is that the Owners Rep team is free of conflicts of interest. Because the CREA team is unrelated to the professionals it manages, decisions are made solely to benefit the project and the client. The team is anxious to assume the responsibility of coordination and control over the professionals, acting as a middleman for the inevitable disputes that arise in the construction process. The CREA Team has extensive background in dealing with these disputes including:
· balancing form vs. function,
· cost versus aesthetics,
· design vs. construction constraints
· time versus money
Tremendous value is added due to the breadth of experience of the firm, which crosses many real estate disciplines. CREA's professionals have extensive experience in development, finance, construction management, engineering, property management and financial reporting. Members of the team have consulted on over a billion dollars of projects in recent years. Property types include:
-
Mixed Use
-
Multi-family
-
Office Buildings
-
Retail
-
Parking Garages
-
Corporate Campus
-
Operations/Call Centers
-
Warehousing
Design & Construction Management
Multi-disciplined staff
Sophisticated Experience
Independence
Affordable Accelerated Solutions
Strategy * Incentives * Land Planning * Government Approvals * Design * Renovation * New Construction * Financing
“CREA managed our total capital budget including not only the hard costs but also the miscellaneous soft costs. They helped us streamline the entire building process and saved us a ton of time and money.”
---M. Wank, Pres. Summa Industries
.
-
Light Industrial
-
Country Clubs
-
Adaptive Re-use
-
Senior Housing
-
Medical Offices
-
Outpatient Centers
-
Environmental Cleanup
-
Renovations








