top of page

Property Development

​

Property Development is the core business of Vienna Capital Group. The Group has established a solid presence in the local property market having completed successful developments in United States. The vast array of developments includes luxury homes, landed and high-rise residences, offices and commercial properties in prime areas.

Riding on its proven track record, the Property Development division continues to achieve high take-up rate for its development projects. Vienna Capital's Group’s products are differentiated with innovative lifestyle which have been well received in the market.

Construction Management

 

As your Construction Manager, Vienna Capital Group will act as your agent throughout the design and construction phases of your building project, until the day when the lights are turned on in your new building for the very first time. Vienna Capital Group will manage details including coordinating with Architects to keep project costs down, working to maintain project schedule, processing pay applications, and expediting Owner occupancy thus permitting through local agencies.

The following are the major services  Group will provide during the design and construction phases:

Pre-Design / Concept Phase

Program Needs Assessment
Program Budget Confirmation
Cash Flow Projection
Community Attitude Survey
Dialogue Meetings and Bond Campaign

Bid Phase

Scheduling
Bid Packaging
Bid Document Preparation
Bid Solicitation
Bid Review / Recommendation
Contract Preparation

Design Phase

Scheduling
Estimating
Value Engineering
Construct-ability Review
Program Compliance Review
Utility Company Coordination
Permit Process Management

Construction Phase

Scheduling
Complete Contract Administration
Contractor Coordination
Quality Control
Cost Reporting

Post-Construction / Project Close Out

Final Inspections / Occupancy Permit
Owner Move-In Coordination
Staff Training Coordination
Punch-list Completion
Contract Closeout

Facility Assessments

It is sometimes necessary to evaluate the condition and life expectancy of an existing facility. Whether as condition of sale or to determine the value of the facility for consideration of future renovations or additions, Vienna Capital can assist with this important service. Our staff of professionals can help evaluate the condition of all elements of an existing facility.

Owner's Representations

 

Vienna Capital Owner’s Representative (Owner’s Rep) Services are similar to our Construction Management Services. Design phase services are identical, yet construction phase services can be tailored to protect Owner interest while minimizing attendant fees.

In general, there are three elements in executing a construction project – whichever method of project delivery:

  1. Contract administration

  2. Construction coordination

  3. Project controls

Vienna services include contract administration, construction coordination, and project controls, while the Owner’s Rep services solely involve project controls and will supervise, scrutinize construction activities and report back to the Owner with project updates. This requires one person on the project site full or part time. A Construction Manager needs one or two other support staff to process all of the construction administration and coordination.

Owners use our Owner’s Rep service for several reasons. A General Contractor can provide the contract administration such as processing paperwork and Contractor pay applications. it is optimal to use an Owner’s Rep in the following circumstances:

  • You have decided on using the General Contractor or Multiple Prime Contractor method and you want a person on site to act as your “eyes and ears.”

  • You want an experienced construction professional to manage the construction of your facility.

Value Engineering

 

If the facility budget is not met, Vienna Capital will propose value engineering (VE) alternatives. VE is the systematic analysis and exploration of options to stay on budget or save costs. The ultimate objective of VE is to preserve the look and function of the project, while finding alternatives to lower the cost.

Although VE can save clients substantial amounts, it is much more than a simple cost-cutting exercise. When a VE session is conducted, we will evaluate, at a minimum, first cost, schedule impacts, construct-ability issues, and life-cycle costs including capital, operating, maintenance, energy systems, financing, ownership structure, and tax laws. The exercise may result in increased first costs; however, the overall impact will minimize the total life-cycle costs during the functional life of the facility.

Systems analysis is at the center of the overall VE effort. Typical systems include site work, foundations, structural, architectural, mechanical, electrical, and exterior enclosure. During the systems review, we will make recommendations, which focus on construction feasibility, availability of materials/labor, installation time, associated costs/economies, and the impact on other building components.

For each project, a VE team will be established to include the Owner, Architect/Engineer, and the Construction Manager. Vienna Capitals experience with VE has shown that the best results occur during the Design Development phase. The team meets at pre-determined intervals to identify alternative materials, methods of construction, and issues affecting the schedule and operations.

Each item is evaluated and either accepted or rejected depending on the total impact on cost, function, program, schedule, and overall needs.

Cost Estimating

 

One of our greatest proficiency is cost estimating. Vienna has developed over $100 million of construction project cost estimates. As an independent service, we provide in-house architectural, civil, structural, mechanical, electrical, plumbing, fire protection, and technology cost estimating to Owners and architectural firms. This service is of value to the Owner since in-house capabilities eliminate any perceived conflict of interest between the project team and any future bidders. It is also of particular significance when the Value Engineering process is undertaken because of our first-hand knowledge of all aspects of the building construction.

Accurate and well-defined cost estimates are critical to the success of every project. Vienna estimators specialize in providing accurate construction cost estimates from the initial programming phase through the detailed design and construction phases. Our cost estimating procedures are designed to ensure that each element of the project is well defined and accounted for in the estimate format.

Our cost estimating efforts begin with the Program Level estimates of the proposed program. These estimates serve as our “Cost Models” for the project and will be updated to reflect the additional information and details included on the Schematic, Design Development, and Construction Documents. We work with the Architect and the Owner throughout the design phase to ensure design components align with available funds. Our final cost estimate, prior to bidding, is used to evaluate the competitive bids received for the various elements of work. This continuous estimating process works to avoid possible bid day disappointment of high bid prices and insures that on bid day the project is within budget.

Architectural / Civil / Structural Cost Estimating
Vienna will work with the Architect to establish appropriate bid alternatives to maximize the design features included in each project while maintaining costs within the budget. HG accounts for site development, utilities, structural systems, exterior envelope systems, finish systems such as floors and doors, and equipment specialties. We prefer to develop the project estimate in “Building Component Format,” i.e. foundations, structure, exterior walls, finish trades, etc., which facilitates making comparisons and developing alternative solutions. This “monitorable” format provides a means of creating an audit trail from the initial estimate to the project’s completion.


Mechanical / Electrical / Plumbing Cost Estimating
Our staff also understands the M/E/P systems common to various facilities and will work with the engineers to evaluate different systems and cost models. All estimates are developed in a material and labor format, which enables HG and the Owner to perform comprehensive bid evaluations and change order reviews.

Scheduling

 

Design Phase Schedule During the design phase of a project, critical baseline decisions relating to budget, form, and function are made. Although the objectives of a project may be clearly established at the outset (i.e. occupancy date, budget, level of quality, etc.), the means for achieving these results are often vague.

The schedule, created in-house using most up-to-date scheduling software, is monitored throughout the design phase to ensure that critical decision and design milestones are met. Progress is discussed at each team meeting and alterations to the schedule are made if major changes in scope occur or if tasks are not completed as originally planned.
In considering the schedule, elements are reviewed with respect to their impact on the sequence of construction, fabrication and delivery schedules, and the anticipated influence of weather during construction.

Using the project schedule and budget, HG can establish a preliminary cash flow projection of the required project funds. These costs are the Construction Manager (CM) fee, Architect fee, and estimates of construction labor and materials. This cost is dispersed over the scheduled project period. The Owner will then have a plan for monthly project expenditures.

Construction Phase Schedule

As the design continues to develop, so does the detailed master construction schedule. This schedule, which highlights activity periods for major subcontracts and material deliveries, may be included in the bid documents as a guide to the Contractors when establishing their proposals.

With the Owner’s input, we will prepare the construction schedule and monitor daily construction progress and procedures established by the Contractors and make recommendations as required maintaining or improving construction progress.

Building Information Modeling

 

Building Information Modeling (BIM) is the process of generating and managing building data during its life cycle. Typically it uses three-dimensional, real-time, dynamic building modeling software to increase productivity in building design and construction. The process produces the Building Information Model (also abbreviated BIM), which encompasses building geometry, spatial relationships, geographic information, and quantities and properties of building components.

Vienna embraces BIM as a core best practice for ensuring the very highest return on investment for its clients over the entire lifetime of a facility, continuing to pay dividends long after the last milestone in design and construction phases have been completed.

BIM offers several key benefits:

1.      Improved visualization

2.      Improved productivity due to easy retrieval of information

3.      Increased coordination of construction documents

4.      Embedding and linking of vital information such as vendors for specific materials, location of details and quantities required for estimation and tendering

5.      Increased speed of delivery

6.      Reduced costs

bottom of page