An owner’s representative (OR) is a valuable resource for architects, engineers, and construction professionals who work directly with clients. Perhaps more importantly, an owner’s representative is crucial for a real estate construction owner. The OR has a high level of expertise in advising owners on project decisions and also helps connect professionals with relevant contractors, vendors, and service providers.
There are many benefits to working with an OR instead of directly contracting services from vendors. The right OR can streamline communication between key team members, save time by connecting you with suppliers who meet your needs, and even help you get paid faster once the project is complete.
What does an Owner’s Representative do?
An owner’s representative is an advisor who helps owners make decisions and navigate the construction process. In many cases, a strong relationship with an OR can help you avoid costly mistakes and reduce project risk. Many owners work with an OR because they have limited experience with construction, have little time to oversee the project directly, or have no authority to make critical decisions.
An owner’s representative serves as an extension of the owner’s authority, allowing them to make critical decisions on behalf of clients. This includes approving design plans, reviewing the project schedule, and more construction related tasks.
An OR will also help you navigate the construction process, including finding contractors, architects, specialized engineers, interior designers, landscaping artists, and other professionals that may be needed to take your construction project from great to outstanding.
Why work with an Owner’s Rep?
As an architect or engineer, you may not be able to make decisions on behalf of your client for various reasons. This can result in frustration for both parties and lead to costly project delays. An owner’s representative helps to keep projects moving along by providing expert and timely advise on all aspects of the construction project.
An OR can also help you navigate the design and construction process, manage project schedules, and find reliable vendors and sub contractors. An OR is a valuable asset who can help you deliver projects on time and within budget.
How to find and hire the right Owner’s Representative
Before choosing an owner’s representative, it’s important to understand the types of services that an OR can provide. The best ORs specialize in a given building types (residential, commercial, etc.) and are proficient in your project type.
An OR should be able to walk you through the project process from start to finish, including estimating and scheduling timelines. They should also be able to find the right vendors for your project, including engineers and contractors.
An owner’s representative should be familiar with the financial aspects of project delivery, including change orders, payment terms, and how to maximize your profit on each project. A trustworthy owner’s representative is licensed, and has ample experience working with architects and engineers.
Needless to say, a reputable owner’s representative must be able to provide references from previous clients, or at the very least, a portfolio of past projects successfully completed.
As the owner of a real estate construction project, hiring an owner’s representative will prove one of your smartest investments. You will leverage the know how and expertise of a competent owner’s rep who can adeptly navigate the construction and design process, manage project schedules, and find reliable vendors and subcontractors.
As an architect or engineer, you may not have the authority to make decisions on behalf of your client. This can lead to project delays and can even cause the client to abandon the project completely. An owner’s representative (OR) can help solve this problem by executing on key aspects of the project and communicating with vendors on your behalf.
A competent owner’s rep is a valuable asset in your construction project. It’s a proven fact that the right owner’s representative can transform your entire construction experience elevating it from good, or even great to outstanding.
If you’re wondering if an Owner’s Rep would be the best fit for your next construction project.
Or, if you’re thinking about hiring an Owner’s Rep, but still haven’t found all the answers to your questions, get in touch with us.
Let us put our 60+ years of combined experience constructing beautiful residences and buildings to work for you. The construction process in luxurious South Florida is our top area of expertise.