BGI WORKING MODELS

BGI Group Working Models – Canada & U.S. :

1. BGI Group as Developer – owns the project and develops from Concept to Completion – sometimes with 3rd party equity participants.

BGI Group funds, retains, and directs all aspects of the project in the proprietary categories summarized below.

2. BGI Group as Development Managers – other parties (the ‘Owner Group’) own the Project and are the Sponsor / Equity contributor /Borrower of Construction Loan and Takeout Financing. BGI is retained by the Owner Group as Development Managers to produce the Project from Concept to Completion for a fixed fee based on Gross Project Cost, plus a Completion bonus. The Owner Group funds, but BGI Group retains, and directs all aspects of the project in the proprietary categories summarized below on a pre-agreed Budget.

3. BGI Group Advisory - other parties (the ‘Owner Group’) own the Project and are the Sponsor / Equity contributor / Borrower of Construction Loan and Takeout Financing. BGI is retained by the Owner Group as Development Advisors to advise on all Pre Construction matters in the proprietary categories summarized below.

As part of the advisory scope of services, BGI Group Advisory oversees and directs the Project Entitlements for the project through the local Regulatory Authorities up to the point of Building Permit availability on a preagreed Budget. Permit issuance is then funded out of Construction Financing or Owner equity to actually commence Construction.

Prior to permit issue, it is the sole choice of the Owner Group whether to retain BGI Group as Development Managers as outlined in item 2 above (which would be under a separate ‘Development Management Agreement’), in which case BGI Group as Development Managers would undertake the completion of the actual project on a fixed fee plus bonus basis on a pre-agreed Budget.

BGI GROUP MASTER STRUCTURE:

1. LAND

a) Land sourcing

b) Options /LOIs/ Purchases

c) Appraisals

2. PLANNING & DESIGN

a) Local Planning Consultants

b) Project Architects, Structural, Mechanical, Electrical Engineers, Landscape

Architect, Sub Consultants.

c) Municipal liaison and Applications

3. MARKETING & RENTALS

a) PR Communications

b) Ad Agency

c) Display & Social Media

d) Resident sourcing and screening

e) Resident relocation services

4. LEGAL

a) Lawyer re Development structure

b) RE Lawyer for Resident tenure structure

c) Municipal lawyer

d) Real Estate lawyer re land deals

5. FINANCIAL

a) Applications re grants, loan insurance for construction and permanent loans

b) Project Construction lender

c) Financial Services Firm

6. CONSTRUCTION

a) Local Construction Management Firm for pre-construction services

b) Local Construction Management Firm construction services

7. OPERATION & MANAGEMENT

a) Property Management services

b) Staff retained through Property Management Firm (hotel calibre)

8. END OWNER

a) Pre Development negotiation

b) Sign off on design and specs

c) Final turnover process

Inquiries – Ian Jones MRICS Pres. BGI Group – ian@bgigroup.ca LinkedIn - http://lnkd.in/MK3R3Z