Investments in construction - free course from the Russian School of Management, training, date: December 3, 2023.
Miscellaneous / / December 06, 2023
Success often depends on the ability to invest effectively, so managers, owners and specialists of construction and development companies need knowledge on all aspects of investment and construction activities: development of a development project and risk assessment, documentation support of the development project, budget formation and main economic indicators of project effectiveness, the life cycle of an investment and construction project and its calculation profitability. You will gain this knowledge in our construction investment course.
Candidate of Economic Sciences, expert practitioner and business consultant in the field of development, project management, valuation efficiency of investment, construction and development projects, economic and financial modeling, business planning
Development: process components, project concept development, project risk management
• Components of the development process.
• Development as a financial operation that determines the investor's profitability.
• The concept and specifics of the real estate and development market today.
• Marketing analysis. Stages and components of analysis.
• Analysis of the best and most effective use of land (ANiNEI).
• What is ANINEI? Decision tree. Stages and components of ANINEI.
• Factors determining the project concept. What determines the choice for different participants in the process.
• Factors influencing the profitability of the project.
• Methods for measuring premises. BOMA system.
• Business plan. Goals of creating a business plan.
• Recommended composition of a business plan. Recommendations for approaches to compilation.
• Financing of real estate projects.
• Project profitability indicators and their calculation (cap rate, IRR, NPV).
• Types of investors and their requirements for the project.
• “Risk” and “return” as fundamental factors when making investment decisions.
• How to determine the cost of a project at a specific stage.
• Financial model. What mistakes not to make.
• Project implementation process management.
• Components of the project management process.
• Project budget. How to take into account all costs in an investment and construction project.
• Development agreement – what to pay attention to.
• Risks. Risk categories.
• Risk management algorithm.
• Project risks at different stages. Recommendations for risk mitigation.
Construction project: concept, feasibility study, budget, cost and efficiency management
• Investment and construction project.
• The essence of the concept of an investment project.
• Distinctive features of the construction project.
• Life cycles of an investment and construction project.
• Development and approval of a feasibility study for an investment and construction project.
• Three levels of pre-investment research.
• Project analysis, assessment of project viability.
• Factors in the external and immediate environment of the project.
• Obtaining initial permitting documentation for design.
• Development of urban planning documentation, analysis of the effective use of land.
• Development and approval of technical specifications for design.
• Assessing the effectiveness of investments taking into account risk factors.
• Formation of the project budget. Calculation of project economics.
• Types of budgets with increasing degrees of accuracy.
• Types and methods of cost assessment.
• Calculation of investment costs to form the project budget.
• Structure of investment costs.
• Costs of acquiring land plots.
• Costs of design and survey work.
• Costs of engineering infrastructure.
• Social infrastructure costs.
• Project management costs.
• Selling expenses.
• Financial expenses.
• Economic relations in construction.
• Main tasks of construction economics.
• Economic features of construction in comparison with the economics of industry.
• Key participants in investment and construction activities.
• Estimation of construction costs.
• Main stages of the investment phase of a construction project.
Calculation of project economics. Project Cost Management
• Economic features and objectives of investment and construction projects.
• Fundamental model for managing investment and construction projects
• Formation of the investment plan of the Project.
• Development of the concept of the construction project.
• Conducting design analysis.
• Principles for the most effective evaluation of a construction project.
• Development of urban planning documentation.
• Analysis of the effective use of land
• Feasibility study of the construction project.
• Technology and price audit. Analysis of investment opportunities.
• Financial and economic assessment of the construction Project.
• Project financing.
• Project resource management
Contracts in construction
• Preliminary agreements: protocols of intent, preliminary agreements, options, agreement on the procedure for conducting negotiations.
• Conclusion of a contract, pre-contractual disputes and protocols of disagreements.
• 5 useful tools for a lawyer in contract law (pre-contractual liability, compensation for losses, fee for refusal of the contract, the right of a party to refuse to exercise its right, assurances about circumstances).
• Typical errors in the wording of contractual terms.
• Self-regulation in construction: key points of SRO reform, national register of specialists.
• The use of electronic communication channels when concluding and executing contracts, the complexity of electronic correspondence.
• Disputes related to the recognition of contracts as not concluded.
• Review of the main types of contracts servicing relations between participants in construction activities (contract, supply, services, rent, mixed).
• Contract type contracts in construction: legal requirements for the form of the contract, essential terms of the contract, rights and obligations of the parties, procedure payments for work performed, technical documentation and estimates, recommendations for additional provisions included in the contract in order to minimize risks.
• Methods of ensuring the rights of the customer.
• Methods to ensure the contractor's rights.
• Agreement for the implementation of design work, copyright objects in design documentation, transfer of exclusive rights to documentation - in what cases is it necessary.
• Author's supervision agreement: legal nature of the agreement.
• Construction contract.
Shared construction: new legislation
• Subject of regulation of Law 214-FZ, concepts used in the law
• Contractual relations subject to Law 214-FZ
• Unacceptable ways of attracting funds from shareholders
• Liability for violation of law 214-FZ
• Requirements for developers
• Requirements for developers as amended by Federal Law No. 218-FZ
• Requirements for officials and other persons of the developer
• Project declaration
• Control and supervision of developers: regulator, authorized bank, fund, Rosreestr
• Compensation fund for shared construction
• Agreement for participation in shared construction: conditions and procedure for conclusion, typical errors in the wording of contractual terms
• Price of DDU, settlements on escrow accounts, intended use of equity holders’ funds, liability for misuse of equity holders’ funds
• Transfer of shared construction object to shareholders
• Prospects for the development of legislation in the field of shared-equity construction