The real estate industry is segmented into Residential, Industrial, and Corporate sectors including Schools, Hospitals, Hotels and IT Buildings, etc
To manage such big or small projects and projects with specific requirements like piling of very tall structures etc, we require expertise within organizations, if not, external advice, and thorough knowledge.
PMC, internal as well as external, plays important role in projects and provides effective management solutions to increase and improve the efficiency and outcome (in terms of cost and time) at every stage of the project life cycle (i.e. from inception to completion of projects if PMC appointed timely) and creating a win-win situation for all stakeholders
PMC manages the Project by application of their Knowledge, Skills, and Experience at various stages. However, at the same time, PMC also has to face various challenges like Design Issues, Constructability Issues, Long lead material Issues, Inter Contractor Coordination Issues, Engineering Issues, Safety Issues, etc which can be tackled only by a well-organized and multi-dimension approach of the PMC.
Head 2: Current Practices followed by Developers
Earlier, the realization of PMC was missing in the Real estate industry. From the new year 2012 onward, it has been observed that Developers understand the necessity of PMC in the Real Estate Industry majorly for Schools, IT-ITES, Commercial, Hotel, hospital projects, etc.
Still, there are not many housing projects where PMC is appointed except for a few big projects.
The following practices are observed which are followed by Developers currently-
Not giving time at the planning stage i.e giving maximum input during the Construction stage.
Starting a project without a set of GFC Drawings from Consultants
Run a project without a sufficient technical team i.e to avoid cost overrun
Appointment of poor grade contractor to save money, which ultimately affects the quality of the project and causes more wastage due to repair, rework, and improper management
Neglect safety, housekeeping and government rules ( like NGT, use of Groundwater, SHE Policy, labour law, etc )
Doing delay in project handover even after a good sale
It is also observed that PMC is appointed by Developers like DLF – M3M – Godrej – Tata due to the compulsion of the funding agency. In such cases PMC act as 3rd eye for the funding agency.
Head 3: Best PMC Practices which will bring better construction quality
Followings steps to be followed
Maximum effort to be given during the planning stage (say 80%)
Appointment of Principal Architect, Structure, MEP, and other Consultant for effective design management
Ensure effective team size for Planning, Construction, and Post Construction stage
Ensure perfect BOQ, effective tender document, and proper vendor selection for Civil – Electrical-Plumbing-Mechanical and landscape by a competent team