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SELECTION OF BUILDER/ REDEVELOPER

SELECTION OF BUILDER/ REDEVELOPER. Mr. S. R. Desai B.E.(Elect.), B.E.(Mech.), DBM (Projects). MOST CRITICAL AND TASK AND MOST IMPORTANT. 1.1 NO SOONER REDEVELOPMENT IS DISCUSSED OR EVEN MENTIONED.... HOST OF BUILDERS RELATED O MEMBERS OR THEIR FRIENDS WILL START FLOWING

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SELECTION OF BUILDER/ REDEVELOPER

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  1. SELECTION OF BUILDER/REDEVELOPER Mr. S. R. Desai B.E.(Elect.), B.E.(Mech.), DBM (Projects)

  2. MOST CRITICAL AND TASK AND MOST IMPORTANT 1.1 NO SOONER REDEVELOPMENT IS DISCUSSED OR EVEN MENTIONED.... HOST OF BUILDERS RELATED O MEMBERS OR THEIR FRIENDS WILL START FLOWING 1.2 MANY MAY BE GOOD ALSO ... BUT HOW TO SELECT IS THE MAIN TASK 1.3 HENCE GOV. ISSUED ORDER WITH STRICT PROCEDURE UNDER ORDER DATED 3RD JAN 2009... IF THIS CODE IS FOLLOWED STRICTLY ... AND ETHICALLY WITH TRANSPARENCY WORK BECOMES REALLY SIMPLE AND EASY.

  3. OPEN TENDER BY ADVERTISEMENT 2.1 AS SUGGESTED AND STIPULATED IN GOVT. CIRCULAR THE PROCEDURE MUST BE FOLLOWED STRICTLY. 2.1 OPEN TENDER BY ADVERTISEMENT IN REPUTED NEWS PAPERS IS ONE OF THE BEST METHOD. 2.2 TO INFORM AND INVITE GOOD AND KNOWN BUILDERS/REDEVELOPERS BY SENDING COPY OF ADVERTISEMENT WITH REQUEST FROM COMMITTEE TO PARTICIPATE IN TENDER PROCESS

  4. OPEN TENDER BY ADVERTISEMENT 2.3 TENDER TERMS SHOULD BE DRAFTED VERY CAREFULLY AND WITH FULL DETAILS ON BASIS ASPECTS SUCH AS:- 2.3.1 QUANTITY OF EACH MAJOR ITEMS, 2.3.2 QUALITY STANDARDS, 2.3.3 FULL SPECIFICATIONS OF EACH MATERIAL, AND /OR ALTERNATE MATERIALS, 2,3,4 APPROVAL SYSTEM BEFORE PURCHASE, 2.3.5 CONSTRUCTION SCHEDULES ON EACH ACTIVITY

  5. OPEN TENDER BY ADVERTISEMENT 2.3.6 BAR CHART AND PERT SYSTEM TO BE PROVIDED BY BUILDER 2.3.7 MOU AND DA TERMS TO BE FULLY VETTED BY LEGAL PROFESSIONAL OF GOOD EXPERIENCE IN REDEVELOPMENT FIELDS 2.3.8 IN CASE OF DELAYED PROJECTS THE METHODS TO RE-GAIN THE LOST TIME 2.3.9 MONTHLY REVIEW SYATEMS 2.3.9 PENALTY IN CASE OF DELAY AND INCREASE IN MONTHLY RENTS

  6. EXPERIENCE & REPUTATION 3.1 MINIMUM FIVE COMPLETED PROJECTS THIS CRITARIA SHOULD BE SPECIFIED IN TENDER ITSELF 3.2 VISIT THE PROJECTS WITH BUILDER 3.4 VISIT THE PROJECTS DIRECTLY AND MEET THE MEMBERS 3.5 FIND OUT THE FACT SUCH AS:-

  7. EXPERIENCE & REPUTATION 3.5.1 WAS THE PROJECT COMPLETED IN TIME... IF LATE... HOW MUCH AND DUE TO WHAT REASON? 3.5.2 WAS THE SPEED AS PER PLANNING AND BAR CHART GIVEN BY BUILDER... 3.5.3 WAS THEIR ANY CONTRAVERSY WHILE EXECUTION..?? 3.5.4 DID BUILDER FOLLOWED ALL TERMS OF EXECUTION AS STIPULATED IN TENDER AND DA..? 3.5.5 WAS BUILDER GIVING CORRECT PICYURE ON PROGRESS OR HIDING SOME VITAL FACTS 3.5.6 WAS BUILDER FOLLOWING PMC ADVICE OR ACTING HIGH HANDED 

  8. FINANCIAL STRENGTH AND CAPABILITY 4.1 MOST IMPORTANT AS MOST OF PROJECTS GETS DELAYED DUE TO FINANCE SHORTAGE 4.2 BUILDER OVER TRADE IN HOPE TO GET FAST RECOVERY OR PROFIT AND GET STUCK 4.3 VERY LARGE COS OR BUILDERS HAVE ALSO FACED THIS PROBLEM 4.4 GET LAST THREE TO FIVE YEARS BALANCESHEET AND LET IT STUDIED BY CA

  9. FINANCIAL STRENGTH AND CAPABILITY 4.5 DOES HE HAVE ADEQUATE GROUP TO STAND BY IN CRISIS--- THIS IS VERY VERY CRUCIAL TO FIND OUT... BUT CAN BE DONE BY PROPER INVESTGATIONS AND CONTACTS 4.6 WERE HIS PROJECT DELAYED DUE TO FINANCIAL REASONS OR OTHER REASONS.. 4.7 HOW MUCH OWN FINANCE AND HOW MUCH BORROWED IN PAST PROJECTS 4.8 DOES HE HAVE PROPER CREDENTIAL TO SELL THE FLATS AT GOOD PRICE IN ADVANCE

  10. INFRA STRUCTURE & MANPOWER & RIGHT CONTACTS AT ALL LEVELS 5.1 DOES BUILDER HAVE ITS OWN EQUIPMENTS AND INFRA STRUCTURES SUCH AS;_ 5.1.1 ADEQUATE NO OF MIXERS, SHUTTERING MATERIALS, WATER PUMPS, PLY AND TIN SHEETS, ETC. ETC. OR EH DEPENDS ON SUBCONTRACTORS ONLY.. 5.1.2 HOW MUCH REGULAR MANPOWER AND HOW MUCH TEMPORARY OR CASE TO CASE EMPLOYED

  11. CONTROL ON GOVT. AND SEMI GOVT.DEPARTMENTS 6.1 THIS IS VERY CRUCIAL IN ANY CONTRACTS IN BOMBAY

  12. EQUIVALENT TO SELECTION OR BRIDE OR BRIDE GROOM • SELECTION OF BUILDER/REDEVELOPER CAN BE VERY WELL COMPARED TO SELECTION OF BRIDE OR BRIDE GROOM WHICH EVERY FAMILY PASSES THROUGH • EVERY BODY TAKES ALL PRECAUTIONS AND CARE .... BUT IT ULTIMATELY DEPENDS ON OUR LUCK... • AS GOOD BUILDER ALSO FAIL SOME TIME... AND A FRESH BUILDER CAN GIVE A GOOD AND TIMELY RESULTS

  13. EQUIVALENT TO SELECTION OR BRIDE OR BRIDE GROOM • THESE ARE ONLY FEW OF MANY ASPECTS ONE HAS TO BE CAREFUL AND THERE MAY BE MANY UNKNOWN WHICH MAY COME IN WAY WHILE EXECUTION OF PROJECT.

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