Project Management

Project management includes (i) mapping the regulatory environment and modifying regulations if necessary; (ii) design management (preparing design contracts, creating design documentation and commercial tenant plans); (iii) managing permits; (iv) carrying out project management and project implementation tasks (acting as investor representatives, organizing site preparation tasks, preparing and conducting tenders, preparing and signing construction contracts, organizing and coordinating technical supervision, supervising and directing construction, establishing and overseeing project schedules); (v) cost controlling and management; (vi) contract management; (vii) updating and tracking the business plan; (viii) managing commercial tenant contracts and coordination, and (ix) preparing investor decisions.

Planning and Permit Management

Continuous monitoring of the selected designer’s work, ongoing checks of the developing plans and ensuring compliance with the client’s requirements are crucial for the success of the entire investment. To this end, during the entire planning period, the expert colleagues of LCP Development ensure the preparation of plans to meet all aspects of the client’s expectations and the approved business plan, through weekly planning cooperation meetings held with the participation of all relevant disciplines.

After the plans are completed, LCP Development coordinates and manages all necessary authority procedures (building, urban planning, environmental and nature conservation, fire protection, water management, technical safety, electricity industry, road, aviation, mining, real estate registration, etc.) required for the implementation of the developments. We provide representation for the client during these procedures, while administering and documenting the entire process, using various governmental documentation systems (ÉTDR, E-utilities, Cégkapu, E-Papír, OÉNY), as well as private electronic construction systems.

Performing project implementation tasks

From the creation of the concept to obtaining the occupancy permit, throughout the entire investment process, LCP Development proactively coordinates the activities of the players involved in the investment process, fully manages the procurement process, prepares the tender documentation, proposes the parties to be invited, evaluates and compares the received offers, participates in price negotiations, makes recommendations to the client, and provides assistance in concluding contracts. It ensures the professional representation of the client in all phases of the project, based on the full compliance with the approved business plan and schedule. We also provide with continuous control of costs, supporting the necessary client decisions, and actively participating in obtaining the necessary utility provider approvals and occupancy permits during the process.

Construction Management

LCP Development performs on-site construction coordination tasks, ensuring that the construction is carried out in the expected quality in compliance with regulatory requirements, permits, and associated technical plans. To this end, it holds weekly construction cooperations involving the general contractor, important subcontractors, technical supervisor, and designer, documents them in detail, and visits the construction site several times a week with its colleagues and the technical supervisor. It compiles a monthly progress report for the client, involving the participation of its colleagues and the technical supervisor LCP Development continuously monitors the detailed construction schedule, the financial schedule, and takes necessary measures to remedy any deadline delays.

Cost and Contract Management

During the preparation, planning and construction of the project, it is of paramount importance to adhere to the cost and scheduling parameters set forth in the project’s approved business plan. LCP Development invests sufficient time and energy during the investment preparation phase to create the most accurate cost estimate, and to identify the risks that may impact the budget. As the processes progress, more precise cost estimates are prepared, with the most important being the construction budget which makes up a significant portion of the investment costs. During planning and construction, LCP Development continuously ensures adherence to the budget, examines any additional work requirements, and, if necessary, participates in the preparation of contract modifications. It monitors compliance with the conditions specified in the investment-related contracts and alerts the client and other parties involved in the investment to take the necessary steps in a timely manner.