Development projects of any size can be complicated. Successful projects rely on a strong business case developed in the conceptual phase of the development lifecycle. Many project owners lack the resources to properly plan and execute these projects due to the limited need within the overall business plan.
The Project Development Office at Baker Tilly works closely with owners to ensure the long-term success of capital investment projects by working through each phase of the development process. We help owners define a strong business case, determine feasible options relating to the owner’s goals, manage contractor negotiations, structure funding, and manage the overall execution of the project to ensure effective decision making throughout each phase. Our desire is to help clients maximize their capital expenditures as they reach their growth goals.
We work with clients to reach higher returns on their capital developments through informed decision making at each phase of development.
Determining why you should expand is a key understanding that can influence the direction of the project. We guide owners in reviewing their goals, performing needs assessments, and analyzing asset performance.
Determining what is needed in the expansion and where it should be are critical factors in the project’s success. Through drafting a feasibility study, creating sound financial models, and determining site selection requirements, a project can be better positioned for financial success.
During this phase, the operations model, resource requirements, and market variables are reviewed to ensure the project meets the needs set in the business plan.
The financial structure of the project is a primary step set forth during the feasibility phase. This phase identifies tax credits, incentives, and available grants to optimize the overall funding structure.
Through managing contractor negotiations and relationships, the project will be aligned to meet the overall objectives set in the concept phase meeting time and budget goals.