Home
Company Profile
Services
Property Profiles
Company News
Contact Us
Owner Login
Tenant Login
COMMERCIAL REAL ESTATE SERVICES
SERVICES > CONSTRUCTION SUPERVISION > PROJECT PROCEDURES
Leasing Services   Leasing Services   Property Management   Financial Reporting
 

Project Procedures

The following are the step-by-step procedures to be used as a guide for Project Procedures.

KEY:
- Morlin Asset Management, LP  
- Consultants - Architects, Engineers
- Contractor - General Contractor, Sub-Contractor
 
  • Formulation of Asset Preservation Budget
    • Morlin Asset Management, LP formulates recommendations to client for current year's Asset Preservation Projects.
    • Client and Morlin Asset Management, LP confer on recommendations.
    • Client approves list of projects.
     
  • Project Scope
    • Morlin Asset Management, LP prepares detailed scope and timing recommendation.
    • Client approves scope of project.
     
  • Consultant Selection
    • Morlin Asset Management, LP prepares list of consultants for submission to client.
    • Client reviews and provides approval of consultants.
     
  • Project Delineation
    • Morlin Asset Management, LP confers with project consultants and prepares detailed plans and specifications.
    • Client reviews and approves plans and specifications.
    • Consultants and Morlin Asset Management, LP prepare list of bidders.
    • Client approves bid list.
     
  • Bidding
    • Morlin Asset Management, LP receives and spreads bids (no less than three bidders without Bid Exception form).
    • Morlin Asset Management, LP prepares Corporate Properties Group Project Bid Summary Form for submission and approval by client/Property Manager.
    • Client Budget forms prepared and attached to client Project Bid Summary Form.
    • Bid Summary Form submitted to client's Regional or Unit Manager for approval.
    • Bid Summary Form submitted to client Division Manager for approval to award to Low Bidder.
     
  • Bid Award
    • Project Number is assigned by client.
    • Client prepares Purchase Orders for each discipline involved in approved project.
    • Low Bidder is notified and approved Purchase Order is issued.
    •  All other project participants' Purchase Orders are issued.
     
  • Project Tracking
    • Morlin Asset Management, LP sets up tracking for Project Management.
    • Morlin Asset Management, LP prepares Microsoft Project file for distribution to all project participants.
    • Project files are updated to include required Certificates of Insurance, Performance and Completion Bonds (if required).
    • Union Contract documentation for all trades, and all necessary governmental permits and approvals.
     
  • Progress Payments
    • Morlin Asset Management, LP requests review of work to date by Consultants.
    • Consultants formulate estimates of project completion and forward recommendations.
    • Morlin Asset Management, LP prepares request for Progress Payments under approved Purchase Order number.
    • Morlin Asset Management, LP submits request to client for approval and payment.
    • Morlin Asset Management, LP prepares tracking update.
    • Morlin Asset Management, LP approves Progress Payments for submittal up to 90% of individual Purchase Order amounts.
     
  • Project Close Out
    • Morlin Asset Management, LP and Consultants prepare Punch List for each individual Purchase Order under Project Number.
    • Morlin Asset Management, LP and Consultants monitor Punch List performance.
    • Morlin Asset Management, LP receives Final Closing Package for submission to client.   Closing Package includes Governmental Permit, Final Sign off, As-Built Plans and Specifications, Warranties, Maintenance and Operation Manuals, Maintenance Schedules and Procedures.
    • Morlin Asset Management, LP prepares Final 10% retention Payment request upon completion of Punch List and receipt of Closing Package.
    • Client approves Final 10% retention Payment under Purchase Order.
    • Morlin Asset Management, LP releases 10% retention to Contractors and Consultants.
    • Morlin Asset Management, LP updates SAP to close out Project Number.

    Click here to learn more about TENANT DEVELOPMENT PROGRAM.

     
    SITE MAP Copyright © 2016 Morlin Asset Management, LP