iii. Construction Planning & Delivery

Construction planning and delivery define how a real estate project is organized, scheduled, and executed from groundbreaking through completion. This stage coordinates people, materials, time, and cost to translate approved designs into a finished physical asset.

Construction Manager (CM)

A party responsible for coordinating construction activities, schedules, and costs on behalf of the owner.

Construction Schedule

A timeline outlining the sequence and duration of construction activities and milestones.

Delivery Method

The contractual structure defining how design and construction responsibilities are allocated, such as Design-Bid-Build or Design-Build.

General Contractor (GC)

The firm responsible for executing construction work and managing subcontractors on site.

Guaranteed Maximum Price (GMP)

A contract arrangement that caps construction costs while allowing adjustments for approved changes.

Mobilization

The process of preparing a construction site, including staffing, equipment, and temporary facilities.

Phasing

The division of construction into stages to manage sequencing, occupancy, or risk.

Procurement Schedule

A plan outlining the timing of material and equipment purchases to align with construction progress.

Project Delivery Team

The group of professionals responsible for executing a construction project, including owners, designers, and contractors.

Project Milestone

A significant event or achievement marking progress within the construction schedule.

Substantial Completion

The stage at which a project is sufficiently complete to be occupied or used for its intended purpose.