Redevelopment Construction
Providing quality in construction management for our clients’ has been part of our oversight services for over three decades. As construction manager supporting our clients, Centra Partners assembles bids, budgets, and schedules. We critique and report through the process beginning to end and recommend and monitor all construction. Through the stages of construction, completion and CofO, we monitor overall workmanship for a quality, our foremost objective. Sentinel Capital, an affiliate of Centra Partners is presently developing a $30 million, 338,100 square foot single occupant development in Allen, Texas.
Our service includes periodic bidding of service contracts through “aggressive sourcing”. This process often provides substantial savings, by increasing competition, creating re-evaluation, and causing vendors to re-define goods and services.
Our company has a comprehensive program for the management and administration of subcontractor services to support the operation of facilities under our management. Our procedures provide routine guidelines for interfacing with prime contractors and subcontractors. The purpose is to provide our owners with standard methods of operation that ensure fair business practices, quality of service, and the best prices.
Centra Partners has developed comprehensive Contract Administration Purchase Control Procedures designed to protect the interest of our client by properly defining the requirements for the acquisition of labor, materials, or services for the maintenance or improvement of property that we manage. These procedures hinge on the following key elements:
- Vendor Qualification
- Procurement Specifications
- Competitive Bid Process
- Insurance Coverage
- Client Approval
- Purchase Control
- Vendor Performance Review
- Banking Relationships
Our property managers continually monitor the performance of our subcontractors to ensure that they maintain compliance with the executed contract and specifications.