The DEPARTMENT OF REAL ESTATE DEVELOPMENT (“RED”) in CCG provides the following full range of professional services for clients.

1.               Project Planning

2.               Project Development

3.               Project Management

4.               Project Financing

5.               Value Engineering and Management

6.               Operations Management

7.               Facilities management

8.               Legal Services, including Contract Drafting and Interpretation

9.               Program Scheduling and Analysis

10.            Dispute Resolution

The current business of CCG has a strong focus on the real estate development in China. The RED department has a strong team of experienced and energetic professionals in real estate consulting, investment, and financing. It comprises quantity surveyors, engineers, lawyers, tax consultants, accountants, mortgage bankers, and urban economists, who have worked together for many years on sourcing, analyzing, designing, and financing real estate projects. The team members are holders of advanced degrees from world-renowned universities and professional qualifications from globally recognized societies. Their different expertise and diversified experience together constitute an integral entity, which has a strong knowledge base for serving the differing needs of both multinational and domestic clients, in all the strategic, technical, and financial aspects of land development, project development, income properties, and residential properties. Their extensive experience with Chinese politics and culture helps the team strike a balance between western theories and eastern practicalities. Their established social networks in China render them with timely first-hand knowledge of political and social development, allowing the management team to track the dynamical policy changes that have vital effects on the success of businesses in today’s China.


　

     The RED department of CCG has full capability in dealing with all kinds of problems in the planning and development processes. Not only can the RED team offer by its own one-stop comprehensive service to clients, when necessary, it also teams up with its network of strategic alliances (refer to next section “Strategic Alliances”) to provide clients with the optimal tailor-made service package.

To achieve the big 3 objectives in project management, i.e. lowest cost, highest quality, and shortest time, CCG utilizes a service process based on sound theories and practical experience. In formulating the best strategy, CCG strives to strike an optimal balance among the 3 objectives to fit the requirements of the project. It also investigates, evaluates, quantifies, and monitors the risks involved at every stage of the contracting process, estimating the best and the worst scenarios such that the client can have the right advice in decision making and budgeting control. With their extensive experience in administering construction contracts, the RED team assists the client in minimizing risks through optimal allocation of risks to the contractors, taking into account the important factors such as contractors’ expertise in handling risks, and monetary value of risks.

The service process in developing a project includes two integral parts: project planning and project operation.

The project planning stage is the most important stage in developing any real estate project in China. Most critical problems in real estate projects can be prevented if enough attention is paid to good planning before implementing the actual construction work.

In China, precaution is always the key to success. Hence for any disputes in the country, prevention is better than remedy.
　

Careful feasibility study has to be conducted on everything related to the project. In this stage, investigation and research have to be thorough and accurate. The official documents on land, materials, and legal contracts have to be scrutinized in great depth. The regulatory framework and dynamical public policy changes have to be closely monitored before project initiation, during project development, and after project completion. Maintaining good relationship with government is vital throughout the whole process. The hiring of design companies, construction companies, and inspection companies has to be done according to the regulatory requirements, and it also has to be done according to the most prudent principles of internal financial control.

In the context of prudent financial control, CCG emphasizes the need to control expenditure and to obtain the best value for money on building and civil engineering investments. CCG offers comprehensive cost planning and cost control advisory services in order to protect the client’s financial interests.

In the feasibility stage, CCG helps the client prepare preliminary estimates for establishing a realistic budget.

In the design development stage, CCG refines the estimates as the design and planning progress, and reconciles each estimate with the budget. CCG also assists the design team to achieve economical solutions through value engineering and value management, which involve cost studies and comparisons, as well as life cycle cost analysis.

In the tendering stage, CCG advises the client in choosing the right type of contract, in drafting contract clauses that suit the project-specific circumstances, in promoting good partnering relationship with the contractors, and monitoring all kinds of risks inherent in the process. For the tendering, CCG ensures that only equitable tendering procedures are adopted. The client will then be able to obtain competitive prices from the selected contractors, through tendering with the Bills of Quantities, or through certain adaptation of this system such that the project’s particular requirements can be met.

In the post-contract stage, CCG helps the client value the work-in-progress on site. It also recommends the necessary amount of interim payments. Variations to the contract are to be measured and valued according to the contract rates. Progressive financial statements are to be prepared on a regular basis during the whole construction period, such that the client will know the financial status of the project at any time. CCG also helps the architect in administering and interpreting the contract conditions in order to avoid or minimize claims from the contractors. If there is any claim by contractors, CCG helps the client to examine, evaluate and negotiate the claims. At the end, a final account is to be prepared, giving the client a detailed statement of the final contract amount.