Let Our Experience Guide You

Transparency, Consistency and Achievement  

Challenges faces Landlords and Developers in Construction

Major players in construction projects usually are, landlords, investors, engineers, contractors, builders, banks and governmental institutions.

1. Property developments can occur in different scenarios and forms:

1. Landlords may have the ability to develop their land on their own by hiring construction companies/ builders, engineers, using their own money or bank’s finances, and have to hire middlemen to deal with Governmental bodies; Or

2. Landlord is not capable to develop his land on his own either a. for financial or b. managerial reasons, so he go in partnership with a second party (developer/investor) who is capable to finance and manage the project.

In any of the scenario the landlord may face many problems that will lead to frustrations, loss of money and time, delays in executions, not completing the project, debts, construction law violations, lawsuits, remunerations and indemnities, and might lead to seizing of property, auctioning it, loss of reputation and many other unwanted results and consequences.

1. Common reasons behind such failure or unwanted and unlikely results usually relates to many factors:

1. Absence of an appropriate agreement among the contracted parties;
2. Absence of running a due diligence on the other contracted parties;
3. Absence of an appropriate feasibility study in big projects, or financial study in small and mid size projects;
4. Landlord resides abroad and does not have the right representatives to follow on the project execution, progress and meeting time frames of each phase separately.
5. Not screening and reporting delays arises or cost overruns;
6. Lack of proper communication between parties or with those who are involved in the day-to-day construction works, while parties need to get all levels to “buy in” to the process.
7. Imbalanced decision-making process; and many other problems that can exist.

HOW CAN WE HELP?

To avoid such frustrations, prevent unwanted consequences and reach desirable achievements, Our Company shall provide its clients the right consultation and suitable services by:

1. Drafting balanced agreement (contracting agreement, partnership agreement, real estate development agreement, etc,) that properly allocates risk between and among the partners;
2. Run proper due diligence on all other parties;
3. Taking all possible precautions and preventive measures;
4. Observing the progress and right execution of the project;
5. Continuous reporting system;
6. Detecting and investigating the financial capacity of contracting partners and check on their referenced projects;
7. Ensure delivering the project according to the contractual agreements in place; and

In case of any dispute arises for any reason against any party we will incorporate an alternative dispute resolution process that allows for effective and efficient resolution of internal disputes via amicable settlement, run proper negotiation and mediation, and in case of failure we will represent you to resolve the issue by either arbitration or before competent courts.