Identifying and managing risks is an ongoing exercise all through the duration of your project. Communication amongst the group is important as friction happens when one party can’t get a solution again from another get together promptly and well timed commencement of selling. An total understanding of market forces and dynamics is also important. To minimise building web site risk appropriate external technical and engineering due diligence is to be sought and acquisition contracts drafted to retain a right of redress if the positioning doesn’t meet expected criteria. Engaging professional consultants, analysing cost impacts before committing, making contracts conditional on resolving points. As a property developer, you want to never enter into an unconditional purchase acquisition before conducting a full-scale Property Development Feasibility Study.

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