Your real estate project faces permitting delays. How can you keep expectations in check?

As a seasoned real estate developer, I have learned to keep my expectations in check, especially when it comes to the inevitable delays in obtaining permits. One project stands out vividly. I had lined up a fantastic property, confident we would break ground swiftly. Yet, weeks turned into months as the permit process dragged on. Instead of letting frustration take over, I focused on what I could control. I used the time to refine our project plans. I communicated regularly with the permitting office, maintaining a polite but persistent presence to keep things moving. This proactive approach paid off; we hit the ground running as soon as the permits were finally approved.

Stay up-to-date with the latest developments regarding the permitting process. Understand the reasons for the delays and the projected timeline for resolution. Regular communication with the permitting authorities and keeping abreast of local regulations and potential changes is essential. Being well-informed allows you to provide accurate updates to stakeholders and make informed decisions about the project.

Em primeiro lugar é importante ter em mente que o licenciamento ambiental é provavelmente a etapa mais sensível nas incorpora??es. Por outro lado o cuidado com o meio ambiente gera uma valora??o muito grande nos empreendimentos onde o ESG já quase se torna a regra. Toda demora prejudica o empreendimento, assim é fundamental ter uma consultoria multidisciplinar de geólogos e biólogos para poder fazer o contraponto junto poder público. Estudos de EIV consistentes ajudam a mitigar a demora no licenciamento. O contato frequente com os fundos, investidores e a certeza que os pré requisitos foram seguidos da a tranquilidade de cobrar a celeridade e deixar todos os players mais confortáveis.

It is necessary to plan with risks and uncertainties, especially in those matters that are not within our reach, such as permits with the Administrations. In many cases, the forecasts of these deadlines can be doubled in time. This means that some other tasks must be programmed in an overlapping manner, as well as the expenses and the firsts revenues must be studied very carefully.

In real estate industry developer should plan practically what approvals he will get, 90% developers are trying to get milk from bull ??, means permissions will get on the basis of development control regulations act. Be practical be organised

Build Relationships: Develop strong relationships with key stakeholders to foster trust and understanding. Leverage Technology: Utilize project management software or communication platforms to keep stakeholders informed in real-time.

Engage with all stakeholders, including investors, contractors, and clients, to keep them informed about the delays and their potential impact on the project. Hold regular meetings or send updates to discuss the current status, challenges, and steps being taken to address the delays. Managing expectations through transparency and regular communication helps maintain trust and prevents misunderstandings.

Communication of road blocks & detours to work around the delay or mitigate them as best possible is key to keeping other team members in the data loop.

Revisit your project timelines and make necessary adjustments to account for the permitting delays. This includes revising the project schedule, extending deadlines, and reassigning resources if needed. Ensure that all stakeholders are aware of the revised timelines and the reasons behind them. Adjusting timelines proactively helps set realistic expectations and reduces the risk of further disruptions.

Consider exploring alternative solutions or parallel activities that can be undertaken while waiting for permits. This could include completing preparatory work, securing materials, or starting on parts of the project that do not require immediate permitting. Exploring alternatives can help keep the project moving forward and minimize downtime, even amidst delays.

Explore design optimization with incorporating client engagement with project management tools. These have client portals that have "Learn More" about process and procedures. Information in abundance is critical and very useful for replicating each new project.

Clear and honest communication is crucial during permitting delays. Provide stakeholders with regular, concise, and transparent updates about the situation, the expected impact, and the measures being taken to mitigate delays. Address concerns promptly and ensure that everyone understands the steps being taken to manage the situation. Effective communication helps manage expectations and keeps all parties aligned.

Esse é um ponto de extrema importancia na comunica??o imobiliária-cliente. A clareza na comunica??o sendo as informa??es boas ou n?o juntas de um coordenado plano de resolu??o de problemas demosntra além de profissionalismo um comprometimento na resolu??o. Com isso estabelece-se uma rela?a? de confian?a importante no seguimento dos processos futuros.

Identify and assess potential risks associated with permitting delays and develop mitigation strategies. This includes financial risks, contractual obligations, and project timelines. Create contingency plans to address these risks and minimize their impact on the project. By proactively managing risks, you can reduce the likelihood of adverse outcomes and demonstrate to stakeholders that you are taking the necessary steps to navigate the challenges.