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Construction Risk Management

Construction financing is one of the riskiest, most complicated and sophisticated forms of lending, and experience matters. HAS Properties’ Construction Risk Management team guides investors and lenders through the complex process of construction financing, from pre- to post-construction. To minimize exposure, lenders must control and monitor the construction process, including the budget, completion, take-out failure and document compliance.

Our Construction Risk Management team has monitored the construction of more than 8,00 projects in the UK, Turkey and Pakistan, with an aggregate direct cost in excess of £30 million. Construction Risk Management professionals apply the lessons learned over the last 5+ real estate cycles to all assignments, and keep clients knowledgeably apprised of project status.

Construction Risk Management Basic Services

Construction Consulting and Oversight
The Construction Risk Management team serves construction, mezzanine and permanent lenders and investors throughout the entire construction cycle by providing proactive advice to safeguard their loan or investment. Services are tailored to a client’s risk position and address key concerns such as the developer and contractor track record with a keen focus on budget and schedule.

Pre-Construction Phase

Review of construction drawings and specifications
Review of regulator and entitlement documents
Analysis of direct cost and contingency budgets
Review of agreements: design, construction and building loan
Review of construction and disbursement schedules
Advising on risk mitigation, such as bonding and SDI requirements
Preparation of a Construction Risk Assessment

Construction Phase

Monitor general compliance with contract documents
Tracking percentage of work-in-place and funds available to complete the project
Tracking of construction and disbursement schedules
Ongoing review of buyout status and letting of subcontracts
Change order and contingency budget analysis
Review of waivers of lien
Review of testing reports
Photographic documentation of progress
Preparation of Project Status Reports

Close-Out Phase

Designers’ Certificates-of-Compliance
Final waivers of lien
Contractors’ Certificates-of-Completion
Temporary and permanent Certificates of Occupancy

Construction Cost Auditing

HAS Properties’ team of accountants and construction cost professionals provide owners and developers with confidence that each requisition is prepared in accordance with the terms and conditions of the construction contract. Initially the goal is to work on a collaborative basis to dial-in the appropriate scope for addressing the risks of overpaying on a construction project.

Construction Claims and Litigation Support

The Construction Risk Management team provides expertise and objectivity during litigation or negotiations. Construction disputes are carefully investigated by HAS Properties’ professionals to determine the root cause and are geared toward bringing the parties to a resolution, so the project can progress to the satisfaction of all at-risk parties.

Construction Cost Consulting

Construction Risk Management accountants and cost estimators offer an array of services for lenders, property owners, appraisers and developers. Utilizing HAS Properties’ comprehensive, proprietary cost database, estimates range in scope from conceptual to detailed quantity take-off/unit cost estimates, which can be used for establishing budgets, feasibility studies, cost-to-complete studies, corporate strategic planning, replacement and reproduction cost studies, securing financing and insurance claims and litigation.

Be a Winner

HAS Properties takes a fresh approach to helping you get the best from your property sale. We combine local expertise in the property market with international reach and a desire to go the extra mile in your search for the perfect buyer.

Communication

Real estate is a people business and the way we communicate has direct impact on your success! HAS Properties Knows: Communication Is Key!

Customer Support

We’re committed to providing the highest level of support for our customers who advertise on HAS Properties.

Resources to empower your success

At HAS Properties, we want to get behind you and the real estate industry. That’s why we’ve created Advantage!

Meet Our Team

Rockstars of HAS Properties

Sajid Mahmoud CEO

A little about me: I am a London native, licensed to sell real estate since 1998. My business is built on the referrals of past clients and colleagues from other cities. I would happily provide you with a list of references who would be willing to tell you about their experiences working with me. I work with sellers and buyers in all price ranges – I have now been in the business so long that I am selling houses to (and for) children of clients! I have substantive experience in the oldest established neighborhoods of UK, Turkey and Pakistan cities and also in the newer developments of the suburbs.
Clients say that my strengths are my knowledge of construction and quality, my use of thorough data and analysis in valuation, my patience during extended buying periods, and that I don’t apply pressure. I don not shy away from pointing out the shortcomings of a property or a neighborhood, and I regularly refer back to your stated goals to keep the process focused and efficient. It is rare that I don’t develop a friendship with my clients during our time together.

Samatha Grymes Realtor

As a London native and Realtor, I decided to embark on my journey to serve my clients in the Residential Real Estate realm. My ultimate goal is to make every client a client for life. My background in communication provides me with a solid foundation to be able to listen to my client’s needs. This allows me to tailor my approach in order to provide the best possible outcome for my clients. Whether you are buying, selling or investing, I am eager to advise.

As my client, you will be provided an incomparable level of personal attention and constant communication. I have an integrated network of affiliated licensed professionals such as home inspectors, mortgage lenders and transaction specialists who deliver any assistance my clients may need during the process. I value the level of trust my clients have in me and have their best interest above all else.

Justin McDaniel Realtor

A UK native, Justin McDaniel understands the value of hard work and perseverance. Growing up in London as the son of a realtor, Justin was taught that to be successful he would need to put into life what he wanted to get out of it. With this life lesson internalized at an early age, Justin would find success in almost every endeavor he embarked upon in his adult life.

Though real estate was not his first career, Justin found success in both the freight industry as well as on the golf course as a sales professional and professional golfer, respectively. While the career in the freight industry taught him how to be a keen negotiator, the golf course taught him how to focus on his goals and never lose sight of them. With these skills he would enter the real estate industry with a bang, successfully closing over £3 million pounds in sales within his first year.

Now a veteran realtor, Justin’s momentum in the industry continues to grow. As an London resident for the past 16 years, along with his prior careers and a reputation for professionalism and integrity, Justin has developed a wide network of both clients and business partners. This network, combined with his passion for sales, has proven to be the catalyst to his initial and continued success in the industry.

Understanding that his clients count on him throughout the entire process of buying or selling a home, Justin makes it a point to be available for them. In fact, many of his clients rave about his availability, pleased that he is able to accommodate tough schedules and last-minute requests. This, coupled with his excellent negotiation skills, remarkable patience, and in-depth knowledge of the local real estate market, has set him apart from others in the industry. Focusing primarily on residential sales in the tri-cities and north central San Antonio areas, Justin’s clients look to him for expert guidance when navigating the highly competitive UK housing market.

Janet Key Realtor

I graduated from the University of Cambridge with a BS in Economics. I was Licensed to sell real estate in 1983 I began working in field. I was the number one McMASKER agent in the Aberdeen in 1990 and 1991. The Governor at the time, Ann Richards, recognized my contribution in helping jump start the economic recovery of the region. To date, I have over 1200 sales with approximately 850 of those in HAS Properties.

I believe that there is no substitute for HONESTY, INTEGRITY, KNOWLEDGE and PERSEVERANCE. My motto is “Do it right the first time”.

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