The Pre-Construction Development Plan for Project Success: Interview with: Grant Stevens, Joint Managing Director and Co-Country Head, Hines India, a speaker at the marcus evans Asian Infrastructure & Property Development Summit 2012, on having a pre-construction development plan to deliver projects on time and on budget.

1. The Pre-Construction Development Plan for
Project Success
The biggest delay you can face on a and realistic budget, and a plan of the
project is an owner who constantly type of professionals who need to be
makes changes to a project when it is part of the team.
under construction. The most effective
tool we have for delivering a project on Can you tell me more on how to
schedule is the discipline we enforce on differentiate a project?
ourselves to make intelligent decisions
early on and to stick to them during the It starts by doing a lot of homework,
course of construction. looking at the competition and the
specifications of successful projects. We
Is this all about communicating well look at what makes a project successful.
with the project owner or initiator? Was it the location or certain amenities?
The architectural design or energy
Interview with: Grant Stevens, Joint That and more. It is also about having efficiency features? What is it that made
Managing Director and Co-Country the foresight and confidence to arrive at the project successful? Then consider
Head, Hines India the best solution, whether it is in the what expertise you could bring to your
terms of use - high end or low end of project that will go beyond the
the market, commercial or residential - benchmark you have established.
The biggest delay you can face in or any of the other decisions that go
infrastructure and property into defining the programme of the Developers should not go too far,
development projects is an owner who project. Determining the perfect project because the market will only recognise
constantly makes changes to a project can be difficult to do in a constantly the better quality, amenity or efficiency
when it is under construction, according changing market, but the more to a certain point. It is very easy to
to Grant Stevens, Joint Managing disciplined the developer can be with spend a lot of money on differentiating
Director and Co-Country Head, Hines the benchmarking, market studies, and a project that will not be appreciated or
India. “The most effective tool we have project specifications, the less chaos he rewarded in the market.
for delivering a project on schedule is will cause when the project is launched.
the discipline we enforce on ourselves to
make intelligent decisions early on and We prepare a complete set of
to stick to them during the course of construction documents upfront,
construction,” he adds. including all of the details of the finishes
and materials; everything is selected
You need
A speaker at the upcoming marcus
evans Asian Infrastructure &
and specified before contracts are
awarded. That is typically not the case to decide
on all the
Property Development Summit in this industry in India, but when we
2012, Stevens shares his strategies for lock in the materials and equipment, we
delivering projects on time and on get better pricing from our contractors,
budget. who will not need to include
contingencies for any unknowns.
specifications
How do you make sure projects are
delivered on time and on budget? What should a pre-construction
and
It is an integrated process that starts at
development plan include?
requirements
upfront
the very beginning of a project. You A very clear market study with what the
need to decide on the project’s needs are of the particular market, how
programme and goals including all the the product can have an edge and a
specifications and requirements upfront. clear advantage in the sector, a clear

2. About the Asian Infrastructure & Property Development
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To view the web version of this interview, please click here: www.aipdsummit.com/GrantStevens