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Owner Representation Services |
Expert Real Estate Support
At 57 Advisory Group, we understand that real estate development is a significant investment, both financially and strategically. As your trusted Owner’s Representative, we act as your advocate throughout the entire development process, ensuring that your best interests are always at the forefront. Our primary objective is to safeguard your vision, goals, and financial commitments, while delivering exceptional results that align with your expectations.
We take a hands-on approach to owner representation, closely monitoring all aspects of the project from inception to completion. We serve as your liaison between contractors, architects, engineers, and other key stakeholders, ensuring clear communication, effective collaboration, and alignment on project objectives. Our expertise allows us to navigate complex situations, mitigate risks, and address potential issues before they impact the project.
Real Estate Owner Representation acts as the owner’s trusted advisor and advocate throughout a construction project. While a builder or general contractor is responsible for physically constructing the project, an Owner’s Rep ensures that the project aligns with the owner’s goals, budget, and expectations. Here’s how the roles differ and how an Owner’s Rep operates:
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Key Responsibilities of Owner Representative Services:
Project Management on Behalf of the Owner
• The Owner’s Rep does not physically build the project but ensures that construction is progressing according to plan.
• They work directly for the owner to protect their interests, making sure the project stays on time, within budget, and meets quality expectations.
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Liaison Between the Owner and Project Stakeholders
• Communicates between the owner, general contractor, architects, engineers, and subcontractors to streamline decision-making.
• Ensures that the owner’s vision and requirements are properly executed.
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Pre-Construction Services
• Assists with planning, budgeting, contractor selection, and permitting.
• Helps with feasibility studies and risk management before construction begins.
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Construction Management Without Acting as the Builder
• Reviews schedules, progress reports, and budgets to prevent cost overruns.
• Ensures compliance with contracts, codes, and quality standards.
• Identifies potential problems early and works to resolve them before they escalate.
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Financial Oversight & Budget Control
• Tracks costs, reviews invoices, and prevents unnecessary expenses.
• Helps the owner understand financial risks and opportunities throughout the project.
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Quality Control and Risk Management
• Ensures that the work meets specifications, building codes, and contract requirements.
• Conducts site visits and reviews contractor performance but does not manage trades directly like a general contractor would.
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Client Advocacy and Dispute Resolution
• If issues arise with the builder, subcontractors, or designers, the Owner’s Rep helps resolve them while keeping the owner’s interests first.
• Helps negotiate contracts and change orders to prevent unnecessary costs.
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How We Differ from a General Contractor (GC)
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A General Contractor is hired to execute the construction work and manage subcontractors, while an Owner’s Representative is hired by the owner to oversee the entire process and make sure their best interests are protected.
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• The GC builds the project → The Owner’s Rep ensures it’s being built correctly, on time, and within budget.
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• The GC hires and supervises subcontractors → The Owner’s Rep makes sure the right team is in place and holds them accountable.
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• The GC gets paid for construction work → The Owner’s Rep is paid to protect the owner’s investment and ensure a successful outcome.
