SD-04.11 — Development & Construction Management

Business Domain: BD-04 Direct & Co-Investment (Front office) · Applies: PRIV

Purpose

Manages the build phase of a greenfield infrastructure project or a development real-estate asset — the phase between closing and operations. For a brownfield acquisition the deal chain runs straight from closing into the operating phase; for a greenfield or development asset there is a build first, and that build is the value-creation engine — the asset does not yet exist or generate cash. This Service Domain owns the build: it takes a closed development opportunity and delivers a commissioned, operating asset to SD-04.10.

Service Operations

• Assemble the site and secure permitting — site assembly, planning consent, environmental permits and the regulatory approvals the build requires.
• Procure and contract construction — procure the construction works, negotiate the engineering-procurement-construction or equivalent contracts, and appoint contractors.
• Manage construction delivery — oversee construction against budget, schedule and specification.
• Manage construction risk — manage cost overrun, delay, contractor default and the other build-phase risks.
• Manage the development capex draw-down — draw and deploy the development capital against construction milestones.
• Commission the asset — complete, test and commission the asset, and hand it over to operations (SD-04.10).

Inputs and outputs

• Inputs: the closed development opportunity (SD-04.6); the development plan, the planning and permitting framework, the construction contracts.
• Outputs: the commissioned, operating asset — handed to SD-04.10 Direct Real-Asset Management — and the development capex record, feeding BD-09 Performance & Analytics and BD-12.

Entities

• Consumes: Direct Real Asset (RA-01); the SD-04.6 closed development opportunity.
• Owns: the Development Project (RA-04) — SD-04.11 is its authoritative source for the build phase.

Standards

• Construction-contract conventions — the engineering-procurement-construction contract, build-operate-transfer and design-build-finance-operate structures; project-finance draw-down discipline. No single external standard governs development management.

Open extensions

• The boundary with SD-04.10 — the hand-over at commissioning, from the build phase to the operating phase.
• The interaction with the structuring of greenfield project finance in SD-04.4.