In this article we are going to review various decisions one has to take before the actual construction starts.
The first decision which a builder needs to take is whether he shall be working alone on this project or needs a financier with him.
Having decided mode of finance , the next decision is whether to construct the building on own plot or it can be developed with some one else’s land.
There are various practices followed.
For example,one such arrangement is called 60:40 method.
Here the builder does not do any investment in plot but has to bear entire construction cost. Out of the final property developed, he has to allot 40% of the total built up to the land lord. Land lord may either do the marketing of this 40% property himself or through the builder .
Sometimes the builder may agree to pay the cash equivalent of 40% of the property to the landlord at the prevailing market rate.
3.Take the right people to plan :
Third decision is the appointment of Architect
The architect is appointed usually through previous association or references obtained within group.
( Maximum built up area per sqft. of land)
Some builders consider the overall planning, uniqueness of design etc vital attributes in architect’s selection.
And of course the crucial criterion is the professional charges of the architect.
4.Package deal includes RCC designs?
Another decision is whether to appoint RCC consultant separately ?
Various options exist:
1. Architect himself is also the RCC designer.
2. Architect has a RCC designer working with him or for him .
3. Architect recommends a RCC designer.
4. Architect leaves the selection of RCC designer to the builder.
In the cases 1,2 & 3 builder has a one point dealing with the architect who gets all RCC drawings done from his consultant.
5.Who will get the approvals?
This is regarding the permission to build [ municipality approvals] to be obtained from the competent authorities, prior to beginning the construction.
1. Architect shall himself liaise with the authorities and shall get the corporation approvals.
2. Architect shall only give the drawings. The builder needs to liaise with the authorities to get the corporation approvals.
6.Who shall fight for you in Court of Law ?
This decision is related to how the construction is going to be supervised for Quality ,Quantity and delivery ?