Our Services
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Feasibility and Planning
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Design and Permitting
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Hard Construction
We have a deep background that covers small cap and mid investing in many Western US markets. Our clients benefit heavily from our ability to size projects prior to acquisition and the resulting analyses that confirn "go/no-go" decision making. We also manage the acquistion process for our clients, ensuring pricing and terms are advantageous, and allow for sufficent time to conduct deep feasilbity prior to contractual cut off dates.
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Initial Site Selection
Due Diligence
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Physical Feasibility Studies
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Layouts
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Zoning and Planning Study
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Financial Feasibility
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Site Acquisition and Finance
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Design and Engineering Costs
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Planning and Permit Timelines
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Potential Build Costs
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Overall Project Timing and Inclusive Cost Analysis
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Acquisition Management
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Pricing Negotiations
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Purchase Agreement and Applicable Terms
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Soliciting Financing and Debt
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Acquisition
The design capabilites at Fern Morgan offer a competitve advantage in our sector. We have in house archtitecure and design, allowing us to confirm conceptual design ideas in real time. For projects that require more speciaized or alternate design, we manage the RFP process and formulate design teams at better pricing and safer terms. The end result is we maintain firm control over the design process...both on cost and on timing.
Design Phase
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Assembling Design Team
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In House Architecture and ID
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RFP (Request for Proposal) process with outside firms
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Phased Design Execution
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Conceptual Design and Schematic
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Design Development in Detail
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Coordination with all Engineering (Struct., Civil, MEP)
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Finalization of Complete Construction Documents
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Meetings with Planning/ Building Depts. in Design Development
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Packaging and Managing all initial Project Submittals
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In House Permit Expeditor
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Managing all Design Revisions with Arch/Eng. for permit approval
Permits
Our team is comprised of experienced builders with deep knowledge of the methods and materials required to deliver an exceptional project. We have a Class B Contracting License and personally oversee daily site progress. Our Project Managers schedule and attend all city inspections to confirm approvals. And we personally manage the disbursement process via a detailed line item draw system that matches site progress.
Pre
Con
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Build Cost Projections
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In House Geo Specific Professional Estimator
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Detailed Quantity Take Offs for Material Requirements
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RFP process with subcontracting teams
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Disbursement Schedule
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Detailed Project Scheduling
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GANT charting for all phases and milestones
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Build
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AIA contracting at Cost Plus Terms
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Site Supervision
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Construction Progress Audits
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Building Department Inspections
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Direct Material Orders
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Fund Control Process for Disburse
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RFI (Request for Information) and coordination with Arch./Eng
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Coordination with ID
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Materials Procurement
Benefits
We offer a unique services platform in the PM/CM sector. We offer full life cycle services to cover every stage of the project, including filling the role of the actual builder onsite. This comprehensive coverage combined with our trasnsparent and cost plus terms offers our clients the ability to stay in control, minimize time spent, and participate in decision making along the way.
Our customary terms for cost plus vs. fixed bid align us with our client's best interests. That is key to avoiding incessant change orders and retrades on what was assumed to be a fixed price for the project.
We customarily undertake projects on a cost plus basis with a gross maximum price. Our fee structure is based on time, not margins. This aligns us with our client's best interests. We often deliver projects below the anticipated budget, as thus delivery does not affect our fee structure. This arrangement allows for the potential for saving and the security that there is a guaranteed price ceiling to complete the project.
Transparent Oversight
Our transparent oversight guarantees that every element of our projects is not only managed effectively and efficiently, but all of the information is updated in real time, its open book and available to our clients via their mobile phone.
Our projects are managed via project drives. This information center is available via mobile phone, Ipad, or computer. It includes all plans, design specifications, budgets and cost tracking, contracts with third parties, and everything else you need to stay totally informed at the touch of a button,
We use a line item draw format for disbursements that is modeled after the commercial lending industry. Its a detailed system that is easy to use, but provides total clarity on all costs vs progress to date.
Financial Analysis
Our expert team provides thorough financial analysis to ensure your project stays within budget and meets financial goals.
Our background is also in investments. Fern Morgan provides deep financial analysis as requried throughout all stages of the project. These analyses help with targeting potentially profitable projects and avoiding others that my be thin upon completion. Our analyses also help with formulating realistic budgets, regularly stress testing those budgets as the project progresses, and solicting debt and equity from third parties.
Design Team Assembly
We assemble dedicated design teams tailored to your project's needs, ensuring a cohesive approach to every aspect of the design process.
We offer our client's the flexibility of multiple design arrangements. We offer in house architecture and interio design services at a discount to market in terms of pricing and speed.
For projects with increasing complexity and unique design requirements, we assemble design teams via a structured RFP system. We engage with third party firms and negotiate beneficial pricing with staged benchmarks so we can remain in firm control over the process.
Detailed Construction Execution
Our systems of management during build phase provide detailed oversight, allowing our client to remain in a safe position throughout the entire construction process.
We are experienced and hands on builders. And we offer the same flexibility on building construction teams. We operate with a B class contracting license for most projects for our clients.
On projects requiring increased GC complexity and capability, we undergo the same RFP process to obtain beneficial pricing and terms for our clients. Regardless of the structure, we maintain constant presence on all project sites to ensure our clients remain in a safe postion.