The developer - who is this? New buildings from the developer

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In the modern world shared construction has become widespread. This concept implies a special form of investment activity. At the same time, the developer (this is often a construction organization) is engaged in raising funds from both individuals and legal entities. In world practice, it is accepted that participants in this form of construction are called "shareholders".

Operation principle

According to the terms of the concluded agreement, the developer, having received permission to put the property into operation, must transfer all documents to the participants in shared construction. The role of the latter, as mentioned earlier, can be both legal entities and individuals who have timely concluded an agreement to participate in this type of construction of residential and public buildings. Thus, from the context of this article, it can be revealed that the meaning of the word "developer" means any legal entity that has the rights of ownership or lease on a particular land plot and is engaged in the search and subsequent attraction of funds from socalled "shareholders".

Important details

Nowadays, more and more often you can find ads on billboards containing similar phrases: "apartments, offices, new buildings from the developer." What is meant by these words? Let's take a closer look. As mentioned earlier, the developer is a legal entity that undertakes to carry out all activities for the implementation of the investment project. However, all of the above does not allow us to give a precise definition of the concept in question from a legal point of view. Thus, the following wording was adopted by the current legislation: a developer is an authorized person who has the right to dispose of capital investments for a specific period of time. However, in the event that the organization in question acts as a customer, it is given the name "customer-developer".

Field of activity

A legal entity endowed with this status is often engaged in the search and conclusion of contracts with contractors, suppliers and other organizations that may be necessary for the successful completion of construction work. In addition, it must be remembered that the developer himself is, in a sense, a contractor. General only. Consequently, he himself can not only supervise the execution of construction work, but also engage in them. As a rule, this can be the development of a design project, the installation of an alarm system, the installation of internalcommunications and more. In addition, since the customer-developer is mostly represented by fairly large organizations that have existed for quite a long time, then, accordingly, he has considerable experience in the field of the work in question. This means that he is familiar with all sorts of aspects and nuances that may arise at each stage of construction. Therefore, such an organization can anticipate possible scenarios in advance and thus avoid the worst of them.

List of features

Often, the average citizen, seeing the inscription on the brochure with the following content: "New buildings from the developer", does not think about the functionality provided by the construction company. But knowing their complete list will help each person to get an accurate idea of the opportunities that are opening up. The material below discusses the most important functions that you have the right to require from the developer. Of course, a more specific list can only be obtained directly from the selected construction organization. However, there are common points for all. Let's consider some of them. So, what is a developer and what can he offer? The activities attributed to the implementing person include all aspects from the beginning of design to the moment of laying the foundation. They traditionally include:

• well-prepared terms of reference;
• reliable support of working documentation, andalso the implementation of all developments in the shortest possible time;
• full compliance of the project with all approved building rules and regulations, as well as legislative documents;
• organization of construction management and control;
• obtaining the necessary approvals;
• commissioning of the construction site.

Detailed description

A wide range of various services described earlier traditionally includes a huge number of different options. Let's consider some of them. Obtaining the necessary documentation is associated with checking the title papers and a detailed study of the territory of the future construction site. Preparation of a design assignment includes the following items: selection and subsequent agreement with the customer on the routes being developed, as well as the places for their connection to existing networks; development of calendar deadlines for the implementation of each stage; pre-selection of contractors and so on. Technical support of design work traditionally includes the choice of an organization with which a contract is concluded for the supply of all necessary equipment; physical preparation of the site; representing the interests of the customer; organizing and carrying out the handover and acceptance of objects to the contractor and other persons involved at this stage. Registration of legal confirmation of construction work cannot do without the approval of architectural solutions and the conduct of examinations in the manner prescribed by the state, and so on.

Conclusion

Based onAll of the above, we can conclude that the slogan "Apartments in new buildings from the developer" offers you a huge selection of services, from releasing you from bureaucratic red tape and ending with the first stages of construction. And it really is!