|Development Manager Evaluation & Contracts||<– Date –> <– Thread –>|
|From: Thomas Lofft (tloffthotmail.com)|
|Date: Wed, 4 Aug 2010 14:26:18 -0700 (PDT)|
Diana, et al.: I suggest you try to contact members at Hundredfold Farm, Ortanna, PA. about their challenges with a development manager as a venture partner in a cohousing project to get an outline of all the things that can be promised and not delivered by an inexperienced or incapable manager. Inevitably, Murphy's law does prevail, everything can go wrong, including things that are beyond either party's control, and even daily verbal assurances will never be supportable in court in the event that you have to seek resolution of differences through litigation. I just completed the development and construction management of a school and the negotiation of the AIA contract amendments with the design-builder took longer than the design period, but in the long run, they served us well in determining in the light of differing opinion exactly who was liable for errors in construction, demolition, and replacements. Cheers & Best Wishes, Tom Lofft Development Manager at Liberty Village. MD RE: Cohousing: How have others done it? To: "cohousing-l [at] cohousing.org" <cohousing-l [at] cohousing.org> Message-ID: <F8CCD961AAC255438780B1E8437D858E1729DC2A [at] MERCMBX05D.na.SAS.com> Content-Type: text/plain; charset="us-ascii" At the Durham Central Park Cohousing Community (http://durhamcoho.com), we are currently in the process of selecting a development manager for our project. We've interviewed multiple folks that would love to have our business, but they (and we) are a little uncertain about how exactly to draft the terms of such an agreement. Would folks in other communities share their experiences with this part of creating a cohousing community? We've read Ann Zabaldo's blurb on Romancing the Developer at http://www.secondjourney.org/itin/2010Spr/Zabaldo_2010Spr.htm and find that it makes a lot of sense but could use some suggestions on how this translates into a development manager contract (where it's our money rather than the developer's that is at risk). -Diana Fox Thanks for writing. Tom
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