![]() While there are numerous reasons for this, aside from eliminating the competitive bid process it is primarily due to the CM accepting complete responsibility for the project and the bid documents. On average, GMP projects can be as much as 2-5% higher than a project contract that is procured through a hard bid with a general contractor. While CM at Risk is the delivery method specifically identified, this same process is also effective with other approaches such as Design-Build and Integrated Project Delivery. Since a GMP contract transfers project risk to the CM, Parallel Estimating or triangulation is an effective way to validate the GMP developed by the CM and understand just how much risk has been built into the number. When procuring a project with a Construction Manager (CM) under a Guaranteed Maximum Price (GMP) contract (also referred to as a CM at Risk), there are definitive advantages of employing an owner’s representative cost estimator to triangulate estimating in the preconstruction process and produce a parallel estimate. Assessment and Value Engineering of Current vs.As pressure increases to understand capital cost prior to the first spade touching dirt, more healthcare owners are turning to a Parallel Estimating process to improve understanding of exposure and ensure a successful preconstruction phase and subsequent bid and award.Modifications to drive future project efficiencies.Site Identification and Acquisition & Disposition.Assessment and Value Engineering of Current vs.Project Assistance in Logistics and Consolidation vs.What sets PinPoint Commercial apart is the involvement in Pre-development and Post-development services. Like many developers, PinPoint Commercial manages all critical phases of the development process in house. What makes PinPoint Commercial unique is the ability to tailor and manage a process that draws on the strength of its personnel. They consider our needs first and find solutions to implementing our long-range business objectives."Įvery developer has a project checklist. "PinPoint Commercial has been instrumental in creating substantial cost savings for our company through improved facility design, their superior real estate knowledge and understanding of the development process. Upon completion, the efficiencies created through the consolidations and value engineered new facility design not only decreased operating costs but resulted in increased market sales of over 100%. PinPoint Commercial selected and negotiated for the new facility site, value engineered the facility to have substantial construction savings and transferred the savings to BFS by adding additional improvements to the project. PinPoint Commercial assessed the market and managed the disposition of the company owned assets and then coordinated the move-in date for the new facility to coincide with the Leasehold expiration date. At the time, BFS was located in two company owned facilities and one leasehold property. PinPoint Commercial took the assignment to another level by implementing a disposition and consolidation plan for BFS in the local market. PinPoint Commercial was engaged to develop a new manufacturing and distribution facility for BFS in Conway, SC. The depth and breadth of our personnel offers you experienced resources from support staff to our partners and principals.īuilders FirstSource (BFS - #730 on the Fortune 1000), is a leading supplier and manufacturer of structural and related building products for new residential construction in the United States. And, we deliver precisely executed results through the assembly of the right teams, processes and tools to ensure the success of your project. This is why our team uses a hands-on management approach on every project. At PinPoint Commercial, we believe that it takes rich, diverse backgrounds and industry leadership to help our clients succeed. ![]()
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