1) Timing After Simple Majority
Select after detection finality and a valid majority decision—not before lawful meeting minutes. The simple majority guide covers notice and voting rules. Decision text must name the contractor, model, delivery time, and guarantee summary. Pre-meeting contractor pitches are fine; binding signature waits on proper minutes.
2) Technical and Financial Criteria
Review completed renewal references, supervision history, engineering team, safety record, financing strength, bond capacity, and tax/social-security standing. Highest revenue-share alone is insufficient—see flat-for-land agreements. Visit finished and active sites. Ask municipalities about permit returns and penalties on past projects.
3) Reference Verification
Request at least two completed and one active project. Talk to owner committees about delays and quality. Assess subcontractor depth for demolition, MEP, and geotechnics. Conservation-area experience matters in heritage zones. Written reference letters beat informal neighbourhood rumours.
4) Guarantees, Finance, and Progress Pay
Bank bonds should scale with project size, renew until occupancy, and survive partial handover. Progress pay must track works—avoid large upfront transfers. Rent aid and temporary housing duties need dated schedules. Independent building supervision should not create conflict of interest with the contractor’s own inspectors.
5) Contract Red Lines
Require unit schedule with net/gross areas, delivery date, penalties, quality brands, common-area shares, permit duties, transfer bans, and dispute resolution. Reject open-ended delivery, vague area promises, weak penalties, and early bond release. Use consultancy before signing. Attach architectural outline as a contract exhibit.
6) Revenue-Share Traps
“High share” offers may hide net-vs-gross tricks, poor floors, or loaded common-area deductions. Define revenue-share math explicitly. Independent valuation supports fair talks—see cost sharing. Clarify whether commercial units sit inside or outside the owner pool.
7) Recommended Selection Flow
Feasibility → shortlist three bidders → written tender → reference visits → owner vote → negotiation → notarised contract → permits → site start. Document each step; competition improves terms. Assign an owner committee with written authority limits for faster decisions. Keep minority-owner share-sale steps on the critical path alongside contractor choice.
8) Conclusion
Majority accelerates decisions; contractor quality secures delivery. References, bonds, and contract discipline matter as much as the vote. Contact us via contact for selection support and construction coordination.