Navigating the Pitfalls of Dubai Residential Real Estate Projects

Unqualified Vendors

Selecting vendors is a key first step in any project. Yet, misrepresentation is not uncommon, with vendors overstating capabilities and promises. Our Project Management Consultants (PMCs) meticulously assess and validate vendor claims on a daily basis across our projects, and too often find that there is no evidence to suggest that a vendor could successfully undertake the work they are pitching for. However, this level of due diligence is not easy for the average person, which is why the involvement of a PMC is invaluable.

Incorrect Scope of Work

Inaccurately translating aspirations into tangible plans can lead to costly misunderstandings. Vendors may err in comprehending project goals, resulting in a misaligned scope of work. Not only does this delay projects, but it can also cause the owner to incur unnecessary fees. Our PMCs rigorously review project scopes and plans, aligning them with the envisioned outcome.

Incorrect Bill of Quantities

The procurement phase demands precision, especially concerning the bill of quantities (BOQ). Errors in this document can trigger scope gaps or overspending, both undesirable outcomes. Bauhaus PMCs meticulously scrutinize BOQs, averting costly deviations and maintaining both budgetary and temporal adherence.

Inflated Invoices

Financial prudence is paramount in any venture. Vendors with dubious ethics may exploit unwitting property owners, inflating invoices and risking overpayment. Bauhaus safeguards your investment by thoroughly cross-checking all vendor quotations, ensuring a fair financial exchange.

Delayed Projects

Time is the essence of a project, and delays in handover can be exasperating. Bauhaus adopts a proactive approach, crafting and monitoring a meticulously detailed program. Timely identification of any slippage in the schedule allows for prompt mitigation, ensuring project timelines remain sacrosanct.

In the realm of real estate projects, it is essential to remain vigilant to the common pitfalls and approach all steps with caution. If you have neither the time nor the ability to monitor and assess every milestone in the journey, then appointing a project management consultant could be the right step for you. Learn more about Bauhaus Project Management at bauhausproject.ae.