Development Management

Development Management
Development Management involves the complete planning, management and supervision of a project, from concept development to full implementation.

Development Management, in particular open-book third-party delivery, plays an important role in the success of real estate development projects such as logistics. This approach ensures full transparency and control at all stages of the project.

What is Development Management?

Development Management involves the complete planning, management and supervision of a project, from concept development to full implementation. In an open-book model, costs and materials are managed openly, promoting cost efficiency and optimal use of resources.

Benefits of Development Management

Transparency and Control

The “open-book” approach allows investors to directly see and control project costs, thereby increasing cost control and financial planning efficiency.

Closer Cooperation

This model promotes closer cooperation between builders, designers and investors, which improves project outcomes and reduces the risk of construction errors.

Scheduled costs

A big advantage of the open-book model is that it makes financial planning transparent before the project starts. This makes it possible to manage efficiently even the higher costs (planning and preparation phases) that arise at the outset and to control the necessary resource requirements.

Challenges in Development Management

Complex Project Management

This complexity requires highly skilled professionals with the right professional competences to deal with the complexity of the project and unexpected challenges. The relevant references, the Faedra Group’s almost 10 years of extensive experience in the field of construction and the existing partner relationships provide a good guarantee for our partners using this service.

High Initial Costs

The “open-book” model often implies higher upfront costs, as the planning and preparation phases require more in-depth analysis and resources.

The Future of Development Management and Opportunities in Hungary

Hungary is an ideal location for Development Management projects, thanks to its favourable economic and industrial environment. Investors are increasingly conscious of managing costs and resources efficiently, which is increasing the popularity of open-book projects.

If you have any questions, see an opportunity for cooperation or are interested in an investment opportunity, please contact our team.

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