Director of Construction   Employer: Prescott Realty Group Job Location: Dallas , TX Cash Compensation: Industry Type: Building Owners Job Description: Nearing twelve years of real estate expertise, Dallas-based Prescott Realty Group specializes in the development of mixed-use, urban infill projects and infrastructure rich settings. Since the company started in 1996, Prescott Realty Group has been a prime contributor and quiet leader in transit-oriented developments and residential projects providing people with live, work and play environments. Prescott Realty Group has recently hit the fore-front of the real estate industry under its ownership of the newly renovated historic Stoneleigh Hotel & Spa, The Heritage at the Stoneleigh, and its development of Lake Highlands Town Center, one of Dallas’ largest transit-oriented developments. Through Prescott’s signature strategy, personnel, execution and community impact, they have reason to celebrate their influential experience and notable tradition. The Director of Construction will be responsible for setting and ensuring overall budget, schedule, constructability, and quality goals for various construction projects (retail, office, residential, mixed use) for Prescott Realty Group. In addition, this position will act as the Owner’s representative during the construction process to ensure projects are delivered on time and on budget. RESPONSIBILITIES Pre-Construction Provide analysis of constructability, including site logistics, review of prospective real estate Create and maintain preliminary construction schedules Create and maintain construction budgets Assist with due diligence activities Design Set project design direction as it relates to construction budget: Finishes, mechanical systems, structural systems, re-use of existing building elements if applicable Co-lead design team meetings Document review at appropriate intervals to ensure: Budget Schedule Constructability Value engineering opportunities Prepare Owner front end construction bid documents and release complete bid packages Manage construction bid process and contract procurement process Analyze construction bids, clarify discrepancies, and recommend recipients to be awarded contracts Negotiate construction contracts and recommend contract type Determine bonding requirement on a project by project basis Attend project review meetings with President, CFO and Managing Director(s) to review and analyze design progress with CM and budget compliance Construction · Responsibility to "green light" and closely monitor construction schedule milestones · Act as the Owner’s representative during the construction phase · Attend job site meetings · Project site visits at intervals appropriate to the stage of completion Review and approve monthly payment requests during construction Manage Contractor quality control during construction Review and approve change orders Perform punch walk-through; define substantial and final completion; and receive and disseminate close out documentation Attend monthly project review meetings with President, CFO and Managing Director(s) to present construction progress with CM and budget compliance Corporate Establish a construction cost estimating and tracking tool Create a database of General Contractors, Subcontractors, municipalities and related city officials Maintain a working knowledge of construction market trends/conditions and current/projected costs of construction Develop and maintain a minimum standard of specifications applicable to various project types Develop and implement quality control processes QUALIFICATIONS 10+ years of construction management or owner's representative experience, preferably on construction projects larger than $15,000,000 Degree in architecture, engineering, construction management or related field Minimum of 10 years of progressive experience in construction management including expertise in construction supervision, design coordination and budget management Experience in pre-construction duties and cost control Thorough understanding of architectural design and structural engineering methods and building code requirements Knowledge in estimating, scheduling, construction detail analysis, construction equipment technology and methodology Knowledge of principles of project management for building construction; theory, principles, and practices of value/design engineering and architecture related to design and construction of buildings; and fundamentals of electrical and structural engineering Possess an extensive understanding of construction standards and practices, as well as comprehensive understanding of contracts, plans, specifications, and regulations Strong, adaptable leadership style with the ability to communicate effectively and deal diplomatically with a diverse group of individuals (including owners, equity partners, subcontractors and architects) Excellent communication skills and proven analytical ability/problem solving skills Company Description: Prescott Realty Group is an investment company that focuses on real estate performance. The core group of executives has an average of twenty years experience in the real estate business with large companies. Drawing on our experience, policies and procedures, we identify and resolve the critical issues that increase asset values and investment returns. We retain control over the key aspects of the business related to acquisition underwriting, due diligence, closing, leasing and management. However, our organization is also scalable and flexible. We leverage the organizational capability by forming key relationships with brokers, ad valorem tax consultants, attorneys, and CPAs who can provide both services and acquisition opportunities. We also outsource certain non-core functions such as human resources and IT. As a result of these organizational strategies, and the fact that most of the employees are project-based, we have not created a large centralized organization. Key factors to sustain long-term growth and value creation include an experienced and entrepreneurial executive team, an ability to identify, acquire, develop and operate strategic assets through proven leasing and management expertise, operational transparency to the market and above all, integrity to the institutional capital partner.