20 Sections
297 Lessons
20 Weeks
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1: ECOSYSTEM AND FUNDAMENTALS OF REAL ESTATE DEVELOPMENT
Objective: Understand the value chain, the profitability model, and land sourcing strategies.
21
1.1
Module 1.1: The Developer’s role: Project Owner (Client), risk-taking, and value creation.
1.2
Module 1.2: Stakeholder mapping: Design Team, Project Managers, Engineers, Health & Safety Coordinators, Building Control, Authorities, and Banks.
1.3
Module 1.3: Profitability model: Gross margin, Internal Rate of Return (IRR), Return on Equity (ROE).
1.4
Expected Deliverable: Systemic mapping of project stakeholders defining the flows of interaction.
1.5
Module 2.1: Real estate cycles: Demographic factors, interest rates, and inflation.
1.6
Module 2.2: Asset typology: Residential (free-market, social, managed), Commercial, Logistics, Co-living.
1.7
Module 2.3: Housing policy analysis: State subsidies, tax incentives, and affordable housing.
1.8
Expected Deliverable: Briefing note on the impact of a central bank rate hike on purchasing power.
1.9
Module 3.1: Development strategies: Off-market prospecting vs. public land tenders.
1.10
Module 3.2: Digital tools: Geographic Information Systems (GIS), public land value databases.
1.11
Module 3.3: Landowner approach: Psychology of negotiation, identifying underutilized plots.
1.12
Expected Deliverable: Creation of a land targeting matrix for a specific municipality.
1.13
Module 4.1: Preliminary contracts: Unilateral Call Option vs. Bilateral Sales Agreement.
1.14
Module 4.2: Conditions precedent: Obtaining the Building Permit, clearing third-party appeals, soil pollution, financing.
1.15
Module 4.3: Price structuring: Fixed price, payment in kind (land-for-flats), price adjustment based on constructible area.
1.16
Expected Deliverable: Drafting the conditions precedent clauses for a complex Unilateral Call Option.
1.17
Module 5.1: Public consultation: Town hall meetings, NIMBYism vs. BIMBY (Build in My Back Yard).
1.18
Module 5.2: Developer’s charter: Local commitments, municipal environmental charters.
1.19
Module 5.3: Transparency and compliance: Anti-money laundering (AML), business ethics.
1.20
Expected Deliverable: Citizen consultation plan for an urban densification project.
1.21
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2: REGULATORY AND OPERATIONAL URBAN PLANNING
Objective: Master urban planning constraints and the administrative authorization process.
21
2.1
Module 6.1: Hierarchy of norms: Regional plans, Master Plans, Local Urban Plans (Zoning Bylaws).
2.2
Module 6.2: Deciphering the Zoning Plan: Written regulations, zoning maps, specific development guidelines.
2.3
Module 6.3: Public Utility Easements: Historical monuments, flood risk prevention plans, road alignments.
2.4
Expected Deliverable: Comprehensive regulatory audit based on an extract of a Local Urban Plan.
2.5
Module 7.1: Envelopes and densities: Site coverage, maximum height, setbacks, Gross Floor Area (GFA) calculation.
2.6
Module 7.2: Open spaces and parking: Deep-soil green spaces, parking ratios.
2.7
Module 7.3: Derogations and bonuses: Density bonuses for social mix or high energy performance.
2.8
Expected Deliverable: Detailed calculation of the theoretical maximum GFA on a highly constrained plot.
2.9
Module 8.1: The Building Permit (BP): Required architectural drawings, technical notices, standard forms.
2.10
Module 8.2: Application processing: Statutory timeframes, consultation of specific commissions (accessibility, fire safety).
2.11
Module 8.3: Subdivision Permits: Land division, creation of roads, and shared utilities.
2.12
Expected Deliverable: Compliance checklist for a comprehensive Building Permit application package.
2.13
Module 9.1: On-site posting: Mandatory information, bailiff’s affidavit (3 visits).
2.14
Module 9.2: Urban planning litigation: Administrative appeals, judicial appeals, legal standing to sue.
2.15
Module 9.3: Injunctions and withdrawal periods: Administration’s withdrawal rights, settlement agreements with neighbors.
2.16
Expected Deliverable: Chronological strategy chart (Gantt) for clearing a Building Permit of all appeal risks.
2.17
Module 10.1: Joint Development Zones (ZAC): Development concessions, land transfer specifications.
2.18
Module 10.2: Public-Private Partnerships: Financing of public infrastructure by developers.
2.19
Module 10.3: Urban planning taxation: Development Tax, Preventive Archeology Tax.
2.20
Expected Deliverable: Forecast calculation of the Development Tax for a 5,000 sqm mixed-use project.
2.21
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3: MARKET RESEARCH AND PROGRAMMING
Objective: Define the ideal real estate product in line with demand and competition.
21
3.1
Module 11.1: Primary supply analysis: Identifying competing developments currently on the market.
3.2
Module 11.2: Price tracking: Pricing grids ($/sqm or €/sqm), absorption rates, hard stock.
3.3
Module 11.3: Feature analysis: Range level, green certifications, annexes (balconies, parking).
3.4
Expected Deliverable: Competitive benchmarking matrix (SWOT) for a defined catchment area.
3.5
Module 12.1: Socio-demographic indicators: Household evolution, socio-professional categories, net migration.
3.6
Module 12.2: Residential journey: First-time buyers, second-time buyers, buy-to-let investors.
3.7
Module 12.3: New trends: Remote work (home offices), outdoor spaces, soft mobility.
3.8
Expected Deliverable: “Buyer Persona” profile detailing the commercial targets of the project.
3.9
Module 13.1: Typological mix: Distribution of Studios, 1-bed, 2-bed, 3-bed, 4-bed+ units based on local housing policies.
3.10
Module 13.2: Usable and net internal areas: Average sizing per typology (reference grid).
3.11
Module 13.3: Shared spaces: High-capacity bike rooms, rooftops, community gardens.
3.12
Expected Deliverable: Detailed programming grid (Number of units, areas, annexes).
3.13
Module 14.1: Office buildings: Flex office, coworking, capacity ratios (1 workstation/10 sqm).
3.14
Module 14.2: Ground-floor retail: Technical constraints (exhaust shafts, clear heights, utilities).
3.15
Module 14.3: Public Access Buildings: Accessibility constraints (ADA compliance) and fire safety.
3.16
Expected Deliverable: Technical programming memo for integrating a food retail store on the ground floor.
3.17
Module 15.1: Forecasted Gross Development Value (GDV): Weighted areas, average sales price.
3.18
Module 15.2: Cost ratios: Hard construction costs ($/sqm GFA), soft costs (fees), financial costs.
3.19
Module 15.3: Residual Land Value calculation: Deducting costs and developer profit to find the maximum affordable land price.
3.20
Expected Deliverable: Excel modeling of a static Residual Land Value appraisal.
3.21
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4: TECHNICAL AND ARCHITECTURAL FEASIBILITY
Objective: Validate the site's construction capacities and launch the architectural schematic design.
21
4.1
Module 16.1: Topographic survey and boundary marking: Role of the land surveyor, altimetry, party walls.
4.2
Module 16.2: Geotechnical study: Feasibility and design phases, bearing capacity, water table level.
4.3
Module 16.3: Pollution and asbestos studies: Phase 1 & 2 Environmental Site Assessments, soil management plans.
4.4
Expected Deliverable: Analysis report of a geotechnical study with recommendations on foundations.
4.5
Module 17.1: Urban integration: Architectural vision, facades, massing.
4.6
Module 17.2: Plan efficiency: Structural grid, utility shafts, Net-to-Gross ratio (spatial profitability).
4.7
Module 17.3: User experience quality: Dual-aspect units, compactness, privacy management.
4.8
Expected Deliverable: Critical audit of a schematic floor plan (optimizing circulation spaces).
4.9
Module 18.1: Utility providers: Electricity, gas, telecoms, potable water networks.
4.10
Module 18.2: Sanitation: Wastewater management, stormwater retention sizing.
4.11
Module 18.3: District heating networks: Mandatory urban connections, geothermal energy._è
4.12
Expected Deliverable: Master plan for utility connections and site servicing.
4.13
Module 19.1: Conservation areas: Role of Heritage Architects and historical preservation boards.
4.14
Module 19.2: Flora/Fauna studies: Water laws, protected species, ecological compensation.
4.15
Module 19.3: Preventive archeology: State diagnostics and archaeological excavations.
4.16
Expected Deliverable: Development of a project timeline integrating an archaeological diagnostic phase.
4.17
Module 20.1: Risk matrix: Mapping of legal, technical, and commercial risks.
4.18
Module 20.2: Sunk costs budget: Provisions for architectural and engineering fees prior to the permit.
4.19
Module 20.3: Pitching the project: Executive summary, investment rationale.
4.20
Expected Deliverable: Complete drafting of an Investment Committee Memo (Strategic presentation note).
4.21
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5: LEGAL STRUCTURING AND SETUP
Objective: Master corporate structuring, design contracts, and partnership security.
21
5.1
Module 21.1: The Real Estate Development Company (e.g., SCCV/LLC): Corporate purpose, tax transparency, liability.
5.2
Module 21.2: Joint-Stock Companies for development: Statutory flexibility, corporate tax, cash/in-kind equity contributions.
5.3
Module 21.3: Shareholders’ agreements: Voting rights, exit clauses (bad leaver/good leaver), dividend distribution.
5.4
Expected Deliverable: Drafting the basic articles of incorporation for an SPV and defining its corporate purpose.
5.5
Module 22.1: Dismemberment of property: Bare ownership vs. Usufruct, social affordable leasing.
5.6
Module 22.2: Ground leases and Emphyteutic leases: Real rights, lease fees, duration.
5.7
Module 22.3: Payment in kind (Dation): Full or partial payment in built units, securing the landowner.
5.8
Expected Deliverable: Legal structuring diagram for a Community Land Trust or Ground Lease operation.
5.9
Module 23.1: The Architect’s contract: Scope of work (Schematic to Final Completion), copyrights, limits of service.
5.10
Module 23.2: Engineering contracts: Structural, MEP (Mechanical, Electrical, Plumbing), acoustic, thermal.
5.11
Module 23.3: Liability and sensitive clauses: Penalties for design delays, standard public procurement laws vs. private.
5.12
Expected Deliverable: Critical analysis of a design team contract (identifying abusive clauses).
5.13
Module 24.1: Protected sector (Housing) vs. Free sector: Public policy, Completion guarantees.
5.14
Module 24.2: Staggered payments schedule: e.g., 35% (foundations), 70% (watertight), 95% (practical completion).
5.15
Module 24.3: The Technical Specifications Document: Contractual binding document, material equivalents.
5.16
Expected Deliverable: Structuring a summary technical specifications document compliant with housing laws.
5.17
Module 25.1: Joint Ventures (JV): Holding company structuring, management agreements.
5.18
Module 25.2: Division of roles: Role of the managing partner vs. technical partner, delegation of authority.
5.19
Module 25.3: Dispute resolution: Mediation, arbitration, cross-purchase of shares (Texas shootout).
5.20
Expected Deliverable: Template for a co-development joint venture agreement between two developers.
5.21
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6: FINANCIAL ENGINEERING AND DEVELOPMENT APPRAISAL
Objective: Accurately model the project's budget, cash flows, and financial profitability.
21
6.1
Module 26.1: Cost lines: Land, hard construction, soft costs (fees), taxes, marketing, and financing costs.
6.2
Module 26.2: Revenue lines: Gross Sales Value, Net Sales Value, subsidies, service charge recoveries.
6.3
Module 26.3: Margin analysis: Gross margin, net margin, Earnings Before Tax (EBT), margin on cost vs. margin on GDV.
6.4
Expected Deliverable: Structuring a detailed developer’s financial appraisal on Excel.
6.5
Module 27.1: Construction ratios: Estimation per sqm GFA, core & shell vs. fit-out ratios, special foundations.
6.6
Module 27.2: Technical and legal fees: Standard ratios (e.g., Design Team 6-8%, Building Control 1%).
6.7
Module 27.3: Contingencies and provisions: Allowances for land, technical, and commercial risks.
6.8
Expected Deliverable: Estimating the construction budget of a project using the cross-ratio method.
6.9
Module 28.1: Inflow dynamics: Sales velocity (pre-sales, tail-end sales) and staged payment calls.
6.10
Module 28.2: S-Curve of expenses: Design fee disbursements, construction drawdowns, recoverable VAT.
6.11
Module 28.3: Working Capital Requirement (WCR): Peak equity exposure, critical cash month.
6.12
Expected Deliverable: Development of a monthly cash-flow plan and identification of the peak equity requirement.
6.13
Module 29.1: Internal Rate of Return (IRR): Project IRR vs. Equity IRR (leverage effect).
6.14
Module 29.2: Return on Equity (ROE) and Equity Multiple (MOIC): Return on invested capital.
6.15
Module 29.3: Sensitivity testing: Impact of a cost increase (+5%), price drop (-3%), or a 6-month delay.
6.16
Expected Deliverable: Creation of a two-way data table (Costs / Revenues) showing impacts on the net margin.
6.17
Module 30.1: Phasing engineering: Splitting the project into functional phases to smooth out cash flows.
6.18
Module 30.2: Land payment optimization: Deferred payments, forward purchase.
6.19
Module 30.3: Interest rate risk management: SWAPs, hedging, impact on financial costs.
6.20
Expected Deliverable: Action plan to restore the margin of an underperforming development budget.
6.21
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7: FINANCING AND FUNDRAISING
Objective: Master debt instruments, equity sourcing, and completion risk coverage.
21
7.1
Module 31.1: Credit mechanisms: Land acquisition facility, construction facility, VAT facility.
7.2
Module 31.2: Conditions precedent to drawdown: Pre-sales hurdle (40 to 50% of GDV), margin ratio, track record.
7.3
Module 31.3: Cost of debt: Interest rate (Base rate + margin), commitment fees, structuring fees.
7.4
Expected Deliverable: Compilation of a bank financing request memorandum.
7.5
Module 32.1: Developer’s equity: Minimum skin in the game (10 to 20% of total development cost).
7.6
Module 32.2: Real estate crowdfunding: Bond issuance, yield rates, pros/cons.
7.7
Module 32.3: Private Equity Funds and Club Deals: Capitalist partnerships, mezzanine financing.
7.8
Expected Deliverable: Pitch deck aimed at a real estate crowdfunding platform.
7.9
Module 33.1: Legal foundations: Mandatory requirement for off-plan residential sales, protecting the buyer.
7.10
Module 33.2: Extrinsic guarantees: Bank surety, pricing (risk premium).
7.11
Module 33.3: Triggering conditions: Developer default, substitution by a delegated project manager.
7.12
Expected Deliverable: Analysis of the suspension and default clauses in a Completion Guarantee agreement.
7.13
Module 34.1: Real security interests: First-ranking mortgage, lender’s lien.
7.14
Module 34.2: Personal guarantees: Joint and several guarantees, First Demand Guarantees.
7.15
Module 34.3: Pledges: Pledge over receivables (centralized bank accounts), pledge over company shares.
7.16
Expected Deliverable: Cross-matrix of acceptable collateral by type of financing.
7.17
Module 35.1: The Term Sheet: Reading and negotiating Conditions Precedent (CPs).
7.18
Module 35.2: Drawdowns and certifications: Validations by the building inspector, architect’s certificates.
7.19
Module 35.3: Covenants and reporting: Maintenance of margin ratios, centralized cash flows, quarterly audits.
7.20
Expected Deliverable: Drafting a project status report (quarterly bank reporting).
7.21
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8: REAL ESTATE TAXATION
Objective: Secure and optimize the tax burden (VAT, Registration Duties, Corporate Tax).
21
8.1
Module 36.1: Scope of application: New builds, standard rates vs. reduced rates (affordable zones).
8.2
Module 36.2: VAT on margin regime: Purchasing without the right to deduct, calculating the tax base.
8.3
Module 36.3: Self-Supply Delivery: Mechanism and reporting obligations for build-to-rent.
8.4
Expected Deliverable: Practical exercise: Choosing between VAT on total price vs. VAT on margin with modeling.
8.5
Module 37.1: Commitment to build: Reduced fixed duties, 4-year statutory deadline.
8.6
Module 37.2: Commitment to resell: Property flipper/trader regime (reduced proportional duties).
8.7
Module 37.3: Extensions and penalties: Recalculation, late payment penalties, and standard duties applied retroactively.
8.8
Expected Deliverable: Formal request letter for extending the commitment to build to the tax authorities.
8.9
Module 38.1: Taxation of the SPV: Tax transparency, taxation at the shareholder level (Income or Corporate Tax).
8.10
Module 38.2: Revenue recognition: Percentage of completion method vs. completed contract method.
8.11
Module 38.3: Distributions: Dividend regimes, intra-group taxation (parent-subsidiary regime).
8.12
Expected Deliverable: Modeling the upstream flow of net-of-tax cash to the parent holding company.
8.13
Module 39.1: Property Tax: Temporary exemptions for new builds, declaration forms.
8.14
Module 39.2: Commercial Office Tax: Specific regional taxes, tariff zones.
8.15
Module 39.3: Public Sewerage Connection Tax.
8.16
Expected Deliverable: Calendar of post-completion tax declarations.
8.17
Module 40.1: Residential Tax Incentives (e.g., Pinel/Section 42 equivalents): Income caps, rent caps, quality criteria.
8.18
Module 40.2: Furnished Rentals / Managed Residences: Student housing, senior living, depreciation, VAT recovery.
8.19
Module 40.3: Land Deficits and Heritage properties: Rehabilitation tax credits.
8.20
Expected Deliverable: Complete tax simulation for a retail investor buying an incentive-backed unit.
8.21
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9: DESIGN MANAGEMENT (CONCEPT / SCHEMATIC / DETAILED)
Objective: Lead the design team, validate technical choices, and optimize constructibility (BIM).
21
9.1
Module 41.1: Architectural review: Validating massing, structural grids, facades.
9.2
Module 41.2: Area assessment: GFA, Net Internal Area, checking the efficiency ratio.
9.3
Module 41.3: Preliminary financial estimate: Controlling against the initial feasibility budget.
9.4
Expected Deliverable: Validation of a Schematic Design package (Project review minutes).
9.5
Module 42.1: Freezing floor plans: Marketing floor plans for sales, validation of structural modifications.
9.6
Module 42.2: Material specification: Detailed technical specs, choosing HVAC (Heating, Ventilation, Air Conditioning) systems.
9.7
Module 42.3: Pre-sizing: Concrete structural plans, MEP routing, initial thermal calculations.
9.8
Expected Deliverable: Development of a technical specification validation sheet (tiling, windows, HVAC).
9.9
Module 43.1: Project design studies: Detailed technical specifications per trade.
9.10
Module 43.2: Coordination and synthesis: Inter-trade synthesis plans, spatial clash detection.
9.11
Module 43.3: Architect’s approval: Validating contractors’ shop drawings (Execution plans).
9.12
Expected Deliverable: Analysis report on MEP/Structural clashes identified during the synthesis phase.
9.13
Module 44.1: BIM Execution Plan (BEP): Role of the BIM Manager, Level of Development/Information (LOD/LOI).
9.14
Module 44.2: Deployment: Architectural, structural, and MEP models in IFC format.
9.15
Module 44.3: Developer Use Cases: Quantity takeoff, clash detection, VR for marketing.
9.16
Expected Deliverable: Drafting the Employer’s Information Requirements (EIR) for a BIM protocol.
9.17
Module 45.1: Value analysis: Rationalizing foundations, industrialization, prefabrication.
9.18
Module 45.2: Technical alternatives: Timber vs. Concrete frame, types of floor slabs.
9.19
Module 45.3: Quality/Cost trade-offs: Facade materials, standardization of bathroom pods.
9.20
Expected Deliverable: “Value Engineering” decision matrix with cost-saving quantifications.
9.21
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10: ENVIRONMENTAL ENGINEERING AND CERTIFICATIONS
Objective: Design decarbonized, resilient buildings compliant with green standards and taxonomies.
21
10.1
Module 46.1: Energy indicators: Bioclimatic needs, Primary Energy consumption.
10.2
Module 46.2: Carbon indicators: Energy Carbon, Construction Carbon (Dynamic Life Cycle Assessment – LCA).
10.3
Module 46.3: Summer comfort: Degree-Hours indicator, passive cooling solutions (sunshades, cross-ventilation).
10.4
Expected Deliverable: Optimization note to reduce the heating/cooling load for a poorly oriented residential project.
10.5
Module 47.1: Bio-based and geo-based materials: Timber frame, Cross-Laminated Timber (CLT), hempcrete, rammed earth.
10.6
Module 47.2: Circular economy: On-site and off-site reuse, material audits, selective deconstruction.
10.7
Module 47.3: Low-carbon concrete: Clinker substitution (slag, fly ash), green cements.
10.8
Expected Deliverable: Simplified comparative carbon footprint: Traditional Concrete vs. Hybrid Timber/Concrete.
10.9
Module 48.1: Energy vectors: Individual/collective Heat Pumps, biomass, green gas.
10.10
Module 48.2: Self-consumption: Solar photovoltaics, solar thermal, energy storage.
10.11
Module 48.3: Water management: Rainwater harvesting tanks, greywater recycling, low-flow fixtures.
10.12
Expected Deliverable: Feasibility study for a rooftop photovoltaic system with collective self-consumption.
10.13
Module 49.1: Combating urban heat islands: Green facades and roofs, high-albedo materials.
10.14
Module 49.2: Permeability: De-sealing surfaces, bioswales, Biotope Area Factor (BAF).
10.15
Module 49.3: Biodiversity: Ecological niches, preserving deep soil, green/blue corridors.
10.16
Expected Deliverable: Stormwater management plan at the plot scale (zero discharge goal).
10.17
Module 50.1: Green Building Labels: BREEAM, LEED, HQE, Zero Carbon standards.
10.18
Module 50.2: Certification process: Green building consultants, design/construction audits, induced costs.
10.19
Module 50.3: EU Taxonomy: Alignment criteria for institutional investors (Green Funds).
10.20
Expected Deliverable: Strategy outline to achieve “Excellent” rating in BREEAM for an office building.
10.21
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11: MARKETING, SALES, AND OFF-PLAN CONTRACTS
Objective: Drive the sales of real estate assets, from marketing strategies to the final deed.
21
11.1
Module 51.1: Project identity: Naming, storytelling, creation of the commercial brochure.
11.2
Module 51.2: 3D and immersive tools: Exterior renderings, virtual tours, interactive scale models.
11.3
Module 51.3: Media plan: Web acquisition campaigns (Google/Social Ads), real estate listing portals.
11.4
Expected Deliverable: Comprehensive brief for creating the visual identity of a premium development.
11.5
Module 52.1: In-house sales: Sales representatives, sales pavilion setup, decorated model units.
11.6
Module 52.2: External broker networks: Wealth management advisors, independent brokers, commission structures.
11.7
Module 52.3: Bulk sales (Institutional): Social housing providers, institutional landlords, corporate funds.
11.8
Expected Deliverable: Commission and mandate grid for an external brokerage network.
11.9
Module 53.1: Legal framework: Mandatory clauses, statutory cooling-off periods (e.g., 10 days).
11.10
Module 53.2: Security deposit: Legal percentages, funds held in escrow by the Notary.
11.11
Module 53.3: Buyer’s condition precedent: Obtaining a mortgage, validity periods.
11.12
Expected Deliverable: Legal audit of a preliminary reservation contract (identifying loopholes).
11.13
Module 54.1: Preparation of the Notary file: Condominium division state, Homeowners Association (HOA) rules.
11.14
Module 54.2: The signing process: One-month advance notice, Developer’s Notary vs. Buyer’s Notary.
11.15
Module 54.3: Stage payment calls: Transmitting the architect’s progress certificates, reminders, late penalty fees.
11.16
Expected Deliverable: Simulation of a stage payment schedule for a buyer over a 24-month build.
11.17
Module 55.1: The options catalog: Choosing finishes (hardwood, tiles, smart home tech).
11.18
Module 55.2: Buyer requested modifications: Moving partition walls, adding electrical points, ADA constraints.
11.19
Module 55.3: Process and invoicing: Quotes, design team validation, buyer invoicing, and management margins.
11.20
Expected Deliverable: Creation of an internal Standard Operating Procedure (SOP) for managing buyer modifications.
11.21
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12: TENDERING AND CONSTRUCTION CONTRACTS
Objective: Organize the bidding process, analyze offers, negotiate, and draft contractor agreements.
21
12.1
Module 56.1: Procurement routes: General Contractor (GC) vs. Separate Trade Contractors (Trade lots) vs. Macro-lots.
12.2
Module 56.2: Pros and cons: Site coordination (CM), delay guarantees, cost premiums (GC margin).
12.3
Module 56.3: Sourcing contractors: Professional qualifications, financial health, capacity to deliver.
12.4
Expected Deliverable: Decision matrix “General Contractor vs. Separate Trades” applied to a specific project.
12.5
Module 57.1: Written documents: Special Administrative Conditions, Technical Specifications per lot, master schedule.
12.6
Module 57.2: Financial documents: Bill of Quantities (BoQ), Unit Price Schedule.
12.7
Module 57.3: Graphic documents: Final execution/tender drawings from the design team.
12.8
Expected Deliverable: Drafting the Special Administrative Conditions focusing on penalties and warranties.
12.9
Module 58.1: Tender process: Bidding rules, site visits, Q&A phase.
12.10
Module 58.2: Bid leveling: Technical analysis, alternatives, financial analysis (normalizing bids).
12.11
Module 58.3: The Tender Analysis Report: Scoring, recommendations from the lead architect/engineer.
12.12
Expected Deliverable: Construction of a bid leveling and financial comparison grid (multi-trade).
12.13
Module 59.1: Negotiation strategies: Target cost, multi-round negotiations, Best and Final Offer (BAFO).
12.14
Module 59.2: Contractor interviews: Evaluating site management staff, methodology.
12.15
Module 59.3: Finalizing the scope: Technical realignments, integrating accepted value engineering alternatives.
12.16
Expected Deliverable: Preparation of a negotiation script for a structural works package that is over budget.
12.17
Module 60.1: Private construction contracts: Contractual documents and their hierarchy.
12.18
Module 60.2: Notice to Proceed (NTP): Mobilization order, start of works order.
12.19
Module 60.3: Contractors’ financial guarantees: 5% retention money, performance bonds.
12.20
Expected Deliverable: Drafting a construction contract clause integrating subcontracting and vetting procedures.
12.21
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13: INSURANCE AND RISK MANAGEMENT
Objective: Set up mandatory insurance policies and manage the safety of the construction operation.
21
13.1
Module 61.1: Environmental risks: Uncovering pollution during earthworks, severe weather events.
13.2
Module 61.2: Technical risks: Contractor bankruptcy, construction defects, collapses.
13.3
Module 61.3: Financial/Legal risks: Budget overruns, project blocked by third-party injunctions.
13.4
Expected Deliverable: Project Risk Register with severity scoring and mitigation measures.
13.5
Module 62.1: Inherent Defects Insurance (Structural): Legal obligation, pre-financing of repairs.
13.6
Module 62.2: Builders Risk Insurance (Contractors’ All Risks): Accidental damage to the works before handover, theft, fire.
13.7
Module 62.3: Non-Builder Developer Liability: Covering the 10-year liability of the developer acting as a seller.
13.8
Expected Deliverable: Compilation of an underwriting file for Inherent Defects / Builders Risk insurance.
13.9
Module 63.1: 10-Year Civil Liability: Strict control of certificates, matching sectors of activity, coverage limits.
13.10
Module 63.2: Professional Indemnity (PI): Coverage for intangible damages and design errors.
13.11
Module 63.3: Policy monitoring: Validity at site opening and maintenance of coverage throughout construction.
13.12
Expected Deliverable: Validity audit of a contractor’s 10-year liability insurance certificate for a complex trade.
13.13
Module 64.1: The HSE Coordinator: Levels of intervention, design phase vs. execution phase duties.
13.14
Module 64.2: The General Coordination Plan: Prevention measures, site welfare facilities, hygiene, simultaneous operations.
13.15
Module 64.3: The Post-Construction Maintenance File: Securing future facility management operations.
13.16
Expected Deliverable: Analysis of a General Coordination Plan identifying risks linked to simultaneous operations on site.
13.17
Module 65.1: Mandatory missions: Structural integrity, Fire safety, Accessibility for disabled persons.
13.18
Module 65.2: Complementary missions: Thermal, Acoustics, Safety of adjacent existing structures.
13.19
Module 65.3: Initial Technical Control Report: Tracking suspended or unfavorable technical opinions.
13.20
Expected Deliverable: Action plan to clear an unfavorable opinion from the Building Inspector regarding an emergency staircase.
13.21
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14: SITE PREPARATION AND CONSTRUCTION LAUNCH
Objective: Set up the site layout, manage administrative steps, and launch the structural works.
21
14.1
Module 66.1: Site Layout Plan: Crane positioning, welfare facilities, storage zones, temporary roads.
14.2
Module 66.2: Temporary utilities: Water connections, heavy-duty electricity, telecom networks.
14.3
Module 66.3: Launching shop drawings: Validation process by the Building Inspector and the Architect.
14.4
Expected Deliverable: Critical review of a Site Layout Plan for a dense urban environment.
14.5
Module 67.1: Notice of Commencement of Works: Notification to the municipality, triggering insurance policies.
14.6
Module 67.2: Dilapidation reports and Pre-construction surveys: Bailiff reports of adjacent properties, court-appointed experts.
14.7
Module 67.3: Mandatory signage: Regulatory project billboard, safety signs, labor inspectorate info.
14.8
Expected Deliverable: Drafting a legal petition for a preventive expert survey for a project with fragile party walls.
14.9
Module 68.1: Project Director vs. Site Manager: Roles, managing workers, time management.
14.10
Module 68.2: Construction Management (Scheduling & Coordination): Key role in multi-trade setups, schedule management.
14.11
Module 68.3: Site meetings: Framework, mandatory attendees, decision-making loop, meeting minutes.
14.12
Expected Deliverable: Professional template for the Site Meeting Minutes #1.
14.13
Module 69.1: Subcontracting laws: Mandatory declarations, approval by the Project Owner.
14.14
Module 69.2: Payment guarantees: Direct payment delegations, bank guarantees from the main contractor.
14.15
Module 69.3: Duty of vigilance: Developer’s responsibility (social security certificates, worker ID cards, foreign labor).
14.16
Expected Deliverable: Strict SOP for vetting and approving a subcontractor (Legal checklist).
14.17
Module 70.1: Soil remediation and earthworks: Tracking waste manifests, soil evacuation.
14.18
Module 70.2: Special foundations: Piles, micro-piles, diaphragm walls (managing geological contingencies).
14.19
Module 70.3: Groundbreaking Ceremony: Real estate marketing, PR with local politicians, press coverage.
14.20
Expected Deliverable: Logistics plan for the evacuation of excavated soil in a constrained urban area.
14.21
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15: EXECUTION MANAGEMENT AND COORDINATION
Objective: Physically manage the site, control the schedule, and guarantee execution quality.
21
15.1
Module 71.1: Detailed schedules: Line-of-balance, Gantt charts, defining the critical path.
15.2
Module 71.2: Progress tracking: Periodic recalibration, identifying schedule slippage.
15.3
Module 71.3: Catch-up plans: Overtime/weekend work, forced simultaneous operations, injunctions.
15.4
Expected Deliverable: Updating a Gantt chart and proposing a recovery plan for a 3-week delay.
15.5
Module 72.1: Compliance control: Strict adherence to technical specs, rejecting non-compliant materials.
15.6
Module 72.2: Inspection sheets and Hold points: Rebar inspections, concrete pours, blower-door tests.
15.7
Module 72.3: Interface management: Handling the limits of work between trades (e.g., Structure vs. Waterproofing).
15.8
Expected Deliverable: Creation of a critical hold-point inspection grid for pouring transfer slabs.
15.9
Module 73.1: Low Nuisance Sites: Green site charters, waste management, 7-stream on-site sorting.
15.10
Module 73.2: Noise and neighbors: Authorized hours, dust suppression misting, neighborhood communication.
15.11
Module 73.3: Surprise inspections: Occupational Health & Safety boards, Labor Inspectorate, managing workplace accidents.
15.12
Expected Deliverable: Drafting a crisis communication plan in the event of a severe accident on site.
15.13
Module 74.1: Severe weather delays: Claiming weather days, compensation funds, justification via meteorological data.
15.14
Module 74.2: Theft and vandalism: Filing Builders Risk insurance claims, security guards, CCTV.
15.15
Module 74.3: Site abandonment: Formal notices, bailiff’s ascertainment, contract termination, replacement.
15.16
Expected Deliverable: Emergency procedure for terminating a contractor and awarding a substitute contract.
15.17
Module 75.1: Topping out ceremony: Completion of the structural frame and roofing.
15.18
Module 75.2: Building envelope: Exterior windows/doors, flat roof waterproofing, water tests.
15.19
Module 75.3: Launching the Fit-out (Second Fix): Partitioning, routing MEP (Mechanical, Electrical, Plumbing) within walls.
15.20
Expected Deliverable: Progress certificate triggering the “Watertight” stage payment call to buyers.
15.21
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16: FINANCIAL MANAGEMENT OF CONSTRUCTION
Objective: Secure contractor payments, control variation orders, and settle the site overheads account.
21
16.1
Module 76.1: Approval circuit: Contractor’s application for payment, Project Manager’s certification, Owner’s payment.
16.2
Module 76.2: Progress control: Verifying physical reality vs. contractor’s declared completion percentage.
16.3
Module 76.3: Mandatory payment terms: Legal deadlines, late payment interest, 5% retention money (or bank bond).
16.4
Expected Deliverable: Cross-validation of a monthly valuation (#5) applying the 5% retention money.
16.5
Module 77.1: Origins of VOs: Design errors, Owner requests, unforeseen ground conditions, regulatory changes.
16.6
Module 77.2: Approval and Amendments: Analyzing unit prices, joint-measurement sheets, signing contract addendums.
16.7
Module 77.3: Buyer Modifications on site: Transmitting to site, coordination markup, invoicing the buyer.
16.8
Expected Deliverable: Analysis and formal rejection of an unjustified Variation Order claim.
16.9
Module 78.1: Functioning: Managing shared expenses (cleaning, site electricity, fencing, welfare facilities).
16.10
Module 78.2: Role of the manager (Often the GC): Provisional budget, cash calls prorated to contract values.
16.11
Module 78.3: Reconciliation and closure: Supervisory committee, contractor clearance, settling at the end of the project.
16.12
Expected Deliverable: Audit and apportionment of a pro-rata account, including charging back cleanliness penalties.
16.13
Module 79.1: Contractual principles: Fixed prices vs. Escalation clauses, grace periods.
16.14
Module 79.2: Construction indices: National building indices, specific trade indices (e.g., steel, timber).
16.15
Module 79.3: Calculation mechanics: Escalation formula, fixed portion (e.g., 15%), calculating the adjustment coefficient.
16.16
Expected Deliverable: Calculating the price escalation on a monthly valuation using official building indices.
16.17
Module 80.1: Draft Final Account: Submitted by the contractor post-handover.
16.18
Module 80.2: Establishing the Final Account: Done by the Project Manager, integrating VOs, escalations, delay damages (Liquidated Damages).
16.19
Module 80.3: Disputes and claims memorandums: Deadlines to contest, handling financial litigation.
16.20
Expected Deliverable: Drafting a Final Statement of Account enforcing Liquidated Damages for delay.
16.21
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17: PRACTICAL COMPLETION, SNAGGING AND HANDOVER
Objective: Conduct preliminary inspections, declare practical completion, and deliver to buyers.
21
17.1
Module 81.1: Partition visits (First fix): Welcoming the buyer, checking electrical layouts, managing emotional marketing.
17.2
Module 81.2: Completion of Fit-out: Painting, flooring, tiling, testing MEP systems (ventilation, heating).
17.3
Module 81.3: Builders clean: Deep cleaning, window washing, clearing the site perimeters.
17.4
Expected Deliverable: Pre-delivery inspection checklist for the Developer (Standard apartment).
17.5
Module 82.1: The OPR process: Exhaustive walkthroughs by the design team, functional testing of the whole building.
17.6
Module 82.2: Snagging list: Categorization (aesthetic, technical, incomplete works, non-compliance).
17.7
Module 82.3: De-snagging schedule: Injunctions to contractors, daily tracking of snag clearances.
17.8
Expected Deliverable: Compilation of a pre-completion snagging list categorized by trade.
17.9
Module 83.1: Pronouncing Completion: Certificate of Practical Completion (Owner/Contractors), with or without snags, tacit or judicial.
17.10
Module 83.2: Legal effects: Start date for statutory warranties (1-year, 2-year, 10-year), transfer of care, custody, and control.
17.11
Module 83.3: Refusal of Completion: Legitimate grounds (uninhabitable, dangerous), impact on insurances.
17.12
Expected Deliverable: Drafting a Certificate of Practical Completion with clear notification of major snags.
17.13
Module 84.1: Organizing handovers: Summons (advance notice period), the D-Day sequence.
17.14
Module 84.2: Joint walkthrough and inventory: Reporting non-conformities, escrowing the final 5% payment by the buyer.
17.15
Module 84.3: Key handover and Welcome Pack: Explaining how to operate systems (heating, smart home, access control).
17.16
Expected Deliverable: Complete Client Handover Protocol: Speech, circuit, and handling a disgruntled client crisis.
17.17
Module 85.1: Declaration of Completion and Compliance: Filing to the municipality.
17.18
Module 85.2: Municipal inspection: Zoning authorities checking compliance with the Building Permit.
17.19
Module 85.3: As-Built Documentation (O&M Manuals): Handover from contractors, As-built drawings, technical manuals.
17.20
Expected Deliverable: Assembly framework for the O&M Manuals and the Compliance Declaration for final filing.
17.21
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18: AFTER-SALES, LEGAL WARRANTIES AND LITIGATION
Objective: Manage the building's life post-handover, legal warranties, and the Homeowners Association.
21
18.1
Module 86.1: Scope of the DLP: All snags noted at handover or arising during the first year.
18.2
Module 86.2: Developer’s After-Sales Service: Customer care unit, ticketing platform, interventions.
18.3
Module 86.3: Formal notice and substitution: Procedure when a contractor defaults, completing works at their expense and risk.
18.4
Expected Deliverable: Drafting a formal notice to a defaulting contractor threatening substitution works.
18.5
Module 87.1: Good functioning warranty (2 years): Separable equipment (shutters, plumbing fixtures, radiators).
18.6
Module 87.2: Decennial Warranty (10 years): Impairment of structural integrity (cracks) or unsuitability for its intended purpose (water leaks).
18.7
Module 87.3: Recourse action: Joint and several liability, calling in warranties from contractors and subcontractors.
18.8
Expected Deliverable: Legal memo assessing whether a specific defect qualifies for a 2-year or 10-year warranty claim.
18.9
Module 88.1: Filing a claim: Building the case file, strict statutory deadlines for the insurer (e.g., 60 days).
18.10
Module 88.2: The Insurance Appraisal: Insurer’s expert visit, estimating damages, proposing an indemnity settlement.
18.11
Module 88.3: Insurance litigation: Appealing the expert’s proposal, compensation caps.
18.12
Expected Deliverable: Formal declaration of a major claim (roof terrace waterproofing failure) to the Structural Insurer.
18.13
Module 89.1: Acoustic non-compliance: Impact noise, airborne noise, regulatory standards, in-situ testing.
18.14
Module 89.2: Delivery delays: Force majeure, justified weather days, delay damages owed to buyers.
18.15
Module 89.3: Lawsuits: Emergency expert appointment, provision for litigation costs, role of the specialized real estate lawyer.
18.16
Expected Deliverable: Settlement agreement template to compensate a buyer for a 4-month delivery delay.
18.17
Module 90.1: The Provisional Property Manager (Syndic): Designated in the reservation contract, mission for year 1.
18.18
Module 90.2: The First General Assembly: Ratifying the manager, provisional budget, maintenance contracts (elevators, ventilation).
18.19
Module 90.3: Handover of Common Areas: Presence of the HOA manager, specific snags, transferring utility contracts.
18.20
Expected Deliverable: Preparation checklist for holding the first General Assembly of the Homeowners Association.
18.21
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19: ASSET MANAGEMENT, OPERATIONS AND PROPTECH
Objective: Master post-delivery operations, managed real estate, and the integration of new technologies.
21
19.1
Module 91.1: Institutional Due Diligence: Technical, legal, and financial audits by the investor before closing.
19.2
Module 91.2: Leasing and Property Management: Commercial or residential leases, rent indexation, rent collection.
19.3
Module 91.3: Rent Guarantees: Rental guarantee agreements, vacancy risks, implications for the developer.
19.4
Expected Deliverable: Profitability modeling for a block sale (Calculating Yield / Cap Rate).
19.5
Module 92.1: Hard FM: Multi-technical contracts, preventive/corrective maintenance (CMMS).
19.6
Module 92.2: Soft FM (Occupant services): Concierge, cleaning, security, managing shared amenities.
19.7
Module 92.3: BIM for FM: Using the As-Built Model (BIM Level 6), digital logbook of the building.
19.8
Expected Deliverable: Drafting a Service Level Agreement (SLA) for a comprehensive Facility Management contract.
19.9
Module 93.1: Co-living: Economic model, service provision contracts vs. standard leases, common areas.
19.10
Module 93.2: Coworking and Flex Office: Short-term leases, on-demand management, hybrid spaces.
19.11
Module 93.3: Last-mile urban logistics: Logistics hotels, pedestrian drives, urban constraints.
19.12
Expected Deliverable: Feasibility comparison: Co-living space vs. traditional student housing.
19.13
Module 94.1: The connected building: Internet of Things (IoT), occupancy sensors, Building Operating Systems (BOS).
19.14
Module 94.2: Energy efficiency and AI: Predictive HVAC control, peak load shaving.
19.15
Module 94.3: User Experience (UX): Building smartphone apps (room booking, consumption tracking, access control).
19.16
Expected Deliverable: Designing the functional digital architecture of a Smart Residential Building.
19.17
Module 95.1: Reversible buildings: Designing a parking garage convertible to offices, or offices convertible to housing.
19.18
Module 95.2: Permit to innovate: Seeking derogations from zoning or building codes for exceptional, innovative projects.
19.19
Module 95.3: Design for Disassembly: Material passports (BAMB), circularity in design.
19.20
Expected Deliverable: Concept note on structural choices enabling office-to-residential reversibility.
19.21
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20: AUDIT, STRATEGY, AND PROJECT CLOSE-OUT
Objective: Close the operation, audit performance, draw lessons learned, and define corporate strategy.
17
20.1
Module 96.1: Finalizing SPV accounts: Discharge to the management, general assembly for dissolution.
20.2
Module 96.2: Liquidation: Appointing a liquidator, distributing the liquidation bonus to shareholders, capital gains tax.
20.3
Module 96.3: Releasing financial guarantees: Lifting the Completion Guarantee, closing bank credit lines.
20.4
Expected Deliverable: Minutes of the General Assembly for the early dissolution of an SPV.
20.5
Module 97.1: Financial audit: Budget variance analysis (Initial vs. Actual Final), analysis of the real net margin.
20.6
Module 97.2: Technical and Construction audit: Synthesis of schedule overruns, contractor defaults, evaluating the design team.
20.7
Module 97.3: Commercial audit: Sales velocity, analysis of price grid evolution, actual buyer profiles.
20.8
Expected Deliverable: Post-Mortem Matrix (Financial, Technical, Commercial) to be presented to executive management.
20.9
Module 98.1: Measuring satisfaction: Post-delivery surveys (Net Promoter Score – NPS), online reviews (e-reputation).
20.10
Module 98.2: ISO 9001 processes in development: Standardized procedures, operating manuals, internal audits.
20.11
Module 98.3: Continuous improvement: Integrating client feedback into the programming of future projects.
20.12
Expected Deliverable: Post-DLP customer satisfaction survey (1 year post-handover) and corrective action plan.
20.13
Module 99.1: Growth strategy: Organic vs. M&A (acquiring competitors), geographical expansion.
20.14
Module 99.2: Diversification: Creating in-house Project Management subsidiaries, holding companies for ground-floor retail, Property Management arms.
20.15
Module 99.3: New challenges: Ecological transition, Net Zero Land Take (Zero Artificialization), and focusing on brownfield regeneration.
20.16
Expected Deliverable: Strategic memo on adapting the Developer’s business model to strict “Net Zero Land Take” policies.
20.17
QCM- 20
0 Questions
EXPERTISE & EXCELLENCE IN REAL ESTATE DEVELOPMENT
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