*Projects shown were designed and managed by
VIDA personnel while employed by other entities.
What is Vertically Integrated Development?
VIDA is a unique organization whose mission is to provide clients with a single-source solution to their real estate requirements. We are a full-service, vertically integrated team of development, design and construction professionals. From start to finish, all of the real estate disciplines are involved in the project thus ensuring a maximum degree of coordination and the highest level of efficiency. Our structure, our systems and our processes allow us to provide an innovative, cost-effective approach to meeting the facilities needs of our clients.
Our clients are operating companies - organizations that are not in the real estate business - that require buildings to run their businesses. In most cases these are special-purpose facilities such as assisted living operators, banks, restaurants and hotels. These companies prefer to focus on the operational aspects of their business and enlist real estate professionals to meet their facility requirements.
VIDA is a unique organization whose mission is to provide clients with a single-source solution to their real estate requirements. We are a full-service, vertically integrated team of development, design and construction professionals. From start to finish, all of the real estate disciplines are involved in the project thus ensuring a maximum degree of coordination and the highest level of efficiency. Our structure, our systems and our processes allow us to provide an innovative, cost-effective approach to meeting the facilities needs of our clients.
Our clients are operating companies - organizations that are not in the real estate business - that require buildings to run their businesses. In most cases these are special-purpose facilities such as assisted living operators, banks, restaurants and hotels. These companies prefer to focus on the operational aspects of their business and enlist real estate professionals to meet their facility requirements.
VIDA's Services...
VIDA offers development, design and project management services. Development services include site acquisition, feasibility analysis, entitlement procurement, and financing. Design services cover site planning, site entitlements, project design, design team management, and construction administration. Project Management services include project budgeting, scheduling, contractor selection and contract negotiation, general contractor management, construction loan administration and post-construction services.
VIDA offers development, design and project management services. Development services include site acquisition, feasibility analysis, entitlement procurement, and financing. Design services cover site planning, site entitlements, project design, design team management, and construction administration. Project Management services include project budgeting, scheduling, contractor selection and contract negotiation, general contractor management, construction loan administration and post-construction services.
Benefits of working with VIDA...
VIDA provides a full-range of services that enables clients to hire one company to get their projects built. From project concept to land acquisition to final walk-through, all of the real estate disciplines - development, design and construction – are involved and overlap so that there are no disconnects through-out the entire process. All of these individuals work together in an integrated team approach that emphasizes and enhances collaboration, cooperation, communication and eliminates conflicts of interest.
As a result, our services provide clients with the benefits of cost effective projects, efficient delivery schedules, better utilization of client resources and reduction of risk to the client.
VIDA provides a full-range of services that enables clients to hire one company to get their projects built. From project concept to land acquisition to final walk-through, all of the real estate disciplines - development, design and construction – are involved and overlap so that there are no disconnects through-out the entire process. All of these individuals work together in an integrated team approach that emphasizes and enhances collaboration, cooperation, communication and eliminates conflicts of interest.
As a result, our services provide clients with the benefits of cost effective projects, efficient delivery schedules, better utilization of client resources and reduction of risk to the client.
VIDA's Services...
How can VIDA help you with your development project?
VIDA offers development, design and project management services. Development services include site acquisition, feasibility analysis, entitlement procurement, and financing. Design services cover site planning, site entitlements, project design, design team management, and construction administration. Project Management services include project budgeting, scheduling, contractor selection and contract negotiation, general contractor management, construction loan administration and post-construction services.
Development Services
Site acquisition consists of working with the client to develop a comprehensive site selection criterion, preparing market analyses to determine appropriate locations on a macro and micro basis, performing site searches using traditional and non-traditional methods, negotiating purchase and sale agreements.
Feasibility analysis is the process of determining the suitability of a particular site and includes a complete due diligence process and a proforma cost and income analysis. The proforma costs include all of the project costs, including development impact fees (such as water tap fees, utility connection fees, school fees, etc.), permit fees, off-site improvements, interest carrying costs, insurance costs and pre-opening expenses.
Entitlement procurement is the process of obtaining all of the governmental and quasi-governmental approvals necessary for the project. Although this varies by project, these approvals may include zoning changes, site plan approval, design approvals, easements, water and sewer district and utility company agreements and building permits.
VIDA will assist the client in obtaining financing by preparing complete marketing finance packages to present to equity investors and lenders. We will assist in disseminating the packages and in negotiating with investors and lenders as needed. VIDA has relationships with equity investor representatives and lenders that can be utilized to assist clients in obtaining project capital.
Design Services
Site planning begins early in the site selection process as VIDA determines the feasibility of specific sites before presenting them to our clients.
Project design includes project programming, master planning, space planning, schematic design, design development, construction documents, materials specifications and bidding services. In addition, VIDA is able to provide LEED / sustainable project design and consulting services.
Construction administration covers the process of reviewing the construction work to ensure completion in accordance with plans and specifications. It also includes review and approval of change order requests and resolution of design issues that arise during construction.
Project Management
Project budgeting involves the pricing of the construction elements and processes and it begins early in the site acquisition process in conjunction with the financial feasibility analysis as a conceptual budget is prepared. This budgeting procedure continues throughout the design process – as the design is refined so is the budget – until the Guaranteed Maximum Price (GMP) is finalized. This ‘continuous pricing’ practice enables the client to make critical decisions regarding the project throughout the entire process.
Contractor selection is accomplished via a thorough pre-qualification process and RFP (request for proposal) process which involves presentations by, and in-depth interviews with, the top three contractors. Each of the contractors is evaluated and rated utilizing a decision matrix that weights the categories by importance. Based on this process a contract is negotiated with the highest rated contractor. VIDA has developed a standard contract that is favorable for the client. In the negotiating process, the General Contractor is required to adhere to the standard contract.
General Contractor management consists of overseeing the contractor through all phases of the construction process, including regular site visits, project meetings with architect and contractor, budget and schedule adherence, resolution of construction issues, monthly reporting to the owner, and oversight of utility and offsite improvements.
Construction loan administration involves the processing of the construction loan draw requests and project accounting.
Post-construction services includes follow-up on all ‘punch-list’ and warranty items to ensure completion of all required work. VIDA also provides clients with web-based access to plans, specifications and operating and maintenance manuals.
How can VIDA help you with your development project?
VIDA offers development, design and project management services. Development services include site acquisition, feasibility analysis, entitlement procurement, and financing. Design services cover site planning, site entitlements, project design, design team management, and construction administration. Project Management services include project budgeting, scheduling, contractor selection and contract negotiation, general contractor management, construction loan administration and post-construction services.
Development Services
Site acquisition consists of working with the client to develop a comprehensive site selection criterion, preparing market analyses to determine appropriate locations on a macro and micro basis, performing site searches using traditional and non-traditional methods, negotiating purchase and sale agreements.
Feasibility analysis is the process of determining the suitability of a particular site and includes a complete due diligence process and a proforma cost and income analysis. The proforma costs include all of the project costs, including development impact fees (such as water tap fees, utility connection fees, school fees, etc.), permit fees, off-site improvements, interest carrying costs, insurance costs and pre-opening expenses.Entitlement procurement is the process of obtaining all of the governmental and quasi-governmental approvals necessary for the project. Although this varies by project, these approvals may include zoning changes, site plan approval, design approvals, easements, water and sewer district and utility company agreements and building permits.
VIDA will assist the client in obtaining financing by preparing complete marketing finance packages to present to equity investors and lenders. We will assist in disseminating the packages and in negotiating with investors and lenders as needed. VIDA has relationships with equity investor representatives and lenders that can be utilized to assist clients in obtaining project capital.
Design Services
Site planning begins early in the site selection process as VIDA determines the feasibility of specific sites before presenting them to our clients.
Project design includes project programming, master planning, space planning, schematic design, design development, construction documents, materials specifications and bidding services. In addition, VIDA is able to provide LEED / sustainable project design and consulting services.Construction administration covers the process of reviewing the construction work to ensure completion in accordance with plans and specifications. It also includes review and approval of change order requests and resolution of design issues that arise during construction.
Project Management
Project budgeting involves the pricing of the construction elements and processes and it begins early in the site acquisition process in conjunction with the financial feasibility analysis as a conceptual budget is prepared. This budgeting procedure continues throughout the design process – as the design is refined so is the budget – until the Guaranteed Maximum Price (GMP) is finalized. This ‘continuous pricing’ practice enables the client to make critical decisions regarding the project throughout the entire process.
Contractor selection is accomplished via a thorough pre-qualification process and RFP (request for proposal) process which involves presentations by, and in-depth interviews with, the top three contractors. Each of the contractors is evaluated and rated utilizing a decision matrix that weights the categories by importance. Based on this process a contract is negotiated with the highest rated contractor. VIDA has developed a standard contract that is favorable for the client. In the negotiating process, the General Contractor is required to adhere to the standard contract. General Contractor management consists of overseeing the contractor through all phases of the construction process, including regular site visits, project meetings with architect and contractor, budget and schedule adherence, resolution of construction issues, monthly reporting to the owner, and oversight of utility and offsite improvements.
Construction loan administration involves the processing of the construction loan draw requests and project accounting.
Post-construction services includes follow-up on all ‘punch-list’ and warranty items to ensure completion of all required work. VIDA also provides clients with web-based access to plans, specifications and operating and maintenance manuals.
VIDA's Benefits...
What are the benefits of working with VIDA?
VIDA provides a full-range of services that enables clients to hire one company to get their projects built. From project concept to land acquisition to final walk-through, all of the real estate disciplines - development, design and construction – are involved and overlap so that there are no disconnects through-out the entire process. All of these individuals work together in an integrated team approach that emphasizes and enhances collaboration, cooperation, communication and eliminates conflicts of interest.
As a result, our services provide clients with the benefits of cost effective projects, efficient delivery schedules, better utilization of client resources and reduction of risk to the client.
Cost Effectiveness
The VIDA process provides the highest quality projects for the lowest total cost to the client. Our ‘continuous pricing’ approach to project budgeting focuses on the client’s budget targets and their on-going operating cost parameters. Working with clients on multiple projects creates positive synergy that generates additional cost and time savings.
Specific cost savings:
VIDA works closely with the client to meet their facility design and operational objectives. Our in-house team of development, design and construction personnel works to ensure an efficient process and faster completion times. Since we are truly on the same team there are no conflicts of interest between the various disciplines. Working in close proximity reduces scheduling conflicts, increases interaction and enhances coordination.
Due to the efficiency of our services, VIDA projects an average time savings of 12-14% from the traditional approach.
Client Resource Management
VIDA provides a single-source solution for our clients’ real estate requirements. Our services relieve the need for an in-house real estate staff and the problems associated with expanding during growth periods and contracting in slow periods. Utilizing VIDA services allows clients to avoid the ‘ad-hoc’ approach in adding new facilities and enables them to focus on their core-competency of operating their business. It frees them from the burdens and distractions of developing real estate projects.
Risk Reduction
The real estate development process has many inherent risks. VIDA’s team of experienced professionals coupled with our time-proven systems and procedures and state-of-the-art technology allows us to reduce those risks. Our integrated processes reduce risks due to disconnects in assignment of responsibility. Our collaborative approach ensures that the design and construction of our client’s projects are completed on-time and within budget.
In addition, under the VIDA approach, the client enters in to a single contract with VIDA, versus under the traditional approach where they would enter into contracts with a developer, a civil engineer, an architect, a geotechnical consultant, and a construction testing firm, at the minimum. The risk to the client is mitigated due to this situation.
What are the benefits of working with VIDA?
VIDA provides a full-range of services that enables clients to hire one company to get their projects built. From project concept to land acquisition to final walk-through, all of the real estate disciplines - development, design and construction – are involved and overlap so that there are no disconnects through-out the entire process. All of these individuals work together in an integrated team approach that emphasizes and enhances collaboration, cooperation, communication and eliminates conflicts of interest. As a result, our services provide clients with the benefits of cost effective projects, efficient delivery schedules, better utilization of client resources and reduction of risk to the client.
Cost Effectiveness
The VIDA process provides the highest quality projects for the lowest total cost to the client. Our ‘continuous pricing’ approach to project budgeting focuses on the client’s budget targets and their on-going operating cost parameters. Working with clients on multiple projects creates positive synergy that generates additional cost and time savings.
Specific cost savings:
- Lower fees than standard development and Architectural and engineering fees.
- Better quality control during construction reduces costs by preventing time delays and cost overruns.
- Savings generated by not having owner operating personnel taken away from their primary functions.
- Quicker completion-times reduce opportunity cost caused by delays in opening.
- Lower costs due to fewer change orders as a result of more efficient design development process.
- Higher level of cost control during the design with Project Management involvement.
- In some cases, VIDA, negotiating without disclosing the owner’s name, can acquire the land at a lower cost than what the owner would pay if their identity were known.
VIDA works closely with the client to meet their facility design and operational objectives. Our in-house team of development, design and construction personnel works to ensure an efficient process and faster completion times. Since we are truly on the same team there are no conflicts of interest between the various disciplines. Working in close proximity reduces scheduling conflicts, increases interaction and enhances coordination.Due to the efficiency of our services, VIDA projects an average time savings of 12-14% from the traditional approach.
Client Resource Management
VIDA provides a single-source solution for our clients’ real estate requirements. Our services relieve the need for an in-house real estate staff and the problems associated with expanding during growth periods and contracting in slow periods. Utilizing VIDA services allows clients to avoid the ‘ad-hoc’ approach in adding new facilities and enables them to focus on their core-competency of operating their business. It frees them from the burdens and distractions of developing real estate projects.
Risk Reduction
The real estate development process has many inherent risks. VIDA’s team of experienced professionals coupled with our time-proven systems and procedures and state-of-the-art technology allows us to reduce those risks. Our integrated processes reduce risks due to disconnects in assignment of responsibility. Our collaborative approach ensures that the design and construction of our client’s projects are completed on-time and within budget.
In addition, under the VIDA approach, the client enters in to a single contract with VIDA, versus under the traditional approach where they would enter into contracts with a developer, a civil engineer, an architect, a geotechnical consultant, and a construction testing firm, at the minimum. The risk to the client is mitigated due to this situation.
| SERVICE AREA |  |
Design Build* | Traditional Approach** |
| Market Analysis |  |
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| Overall Schedule | |
|
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| Site Search | |
|
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| Hire Civil Engineer prior to land acquisition | |
|
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| Site Planning prior to land acquisition | |
|
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| Programming prior to land acquisition | |
|
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| Land Purchase & Sale Agreement Negotiations | |
|
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| Due Diligence | |
|
|
| Proforma Cost and Income Analysis | |
|
|
| Hire Design Team | |
|
|
| Zoning Changes | |
|
|
| Site Plan Approval | |
|
|
| Space Planning - Conceptual | |
|
|
| Conceptual Budgeting | |
|
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| City Design Approval | |
|
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| Schematic Design | |
|
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| Schematic Design Budgeting | |
|
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| Permitting – Zoning, Use, Site-work, Building | |
|
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| Assistance with debt and/or equity financing | |
|
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| Owner General Contractor pre-qualification | |
|
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| Owner General Contractor Request for Proposal Process | |
|
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| Owner General Contractor contract negotiation and administration | |
|
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| Assistance with debt and/or equity financing | |
|
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| Develop Guaranteed Maximum Price (GMP) for the project | |
|
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| Sustainable/LEED Consulting | |
|
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| Design Development Drawings | |
|
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| Construction Documents | |
|
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| Specifications | |
|
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| Bidding Services | |
|
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| Owner oversight : Budget and Schedule adherence | |
|
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| Weekly Owner Site Visits and report to Owner | |
|
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| Overall project monthly reporting to Owner | |
|
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| Utility and offsite improvements | |
|
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| Processing construction loan draw request | |
|
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| Owner Project Accounting | |
|
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| Follow up on all punch list and warranty items | |
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| After move in - web based access to plans, specifications and O & M manuals | |
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