What is an investor and what is his role in the world of real estate? 🤯

01 Sep 2022

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WONDERING WHERE IS THE INVESTOR'S ROLE IN THE WHOLE PROCESS AND WHAT EXACTLY DOES HE DO?

IN ADDITION TO ASSIGNING AND FUNDING THE CONSTRUCTION OF THE CONSTRUCTION SITE, THERE ARE SEVERAL ADDITIONAL TASKS SUCH AS:

Negotiates and concludes a contract with the main contractor of the site.

Monitors compliance with project documentation and the correct execution of construction and assembly works.

He has the right to change the design and accounting documentation, as well as the deadlines for the implementation of the object.

Controls the completed construction and installation activities and pays their value at the end of each month.

After completion of the construction site, the investor accepts the deed 15 for handing over the site prepared by the executing organization.

The investor sets a deadline for the finishing works and, together with the builder and other authorities, signs act 16 for putting the site into operation.