Organisational Structure for Property Developer
The organisational structure of a property developer is typically designed to support a range of functions, from initial project conception to completion and sale.
Due to the complexities of property development, the structure often includes specialised departments or teams, each with distinct roles and responsibilities. Knowing the organisational structure will allow the BC implementer to assign roles and responsibilities.
Here is an overview of the key divisions commonly found in a property development company’s organisational structure:
1. Executive and Management Team
- Roles. This team typically includes the CEO, COO, CFO, and other top executives responsible for the company's strategic direction, including project approvals, financial oversight, and setting company policies.
- Responsibilities. Overseeing major business decisions, managing risks, approving large-scale investments, and ensuring the alignment of projects with the company’s long-term vision and financial goals.
2. Project Development and Planning
- Roles. Project development managers, planners, and architects.
- Responsibilities. They conduct feasibility studies, site assessments, and zoning and land use analyses. They also coordinate initial planning, concept development, and securing permits or approvals from local authorities.
3. Construction Management
- Roles. Site managers, construction project managers, engineers, and construction supervisors.
- Responsibilities. Overseeing on-site operations, coordinating with contractors and subcontractors, managing timelines, ensuring quality control, and ensuring safety and building regulations compliance.
4. Finance and Accounting
- Roles. Financial analysts, accountants, and investment managers.
- Responsibilities. Securing project financing, managing budgets, monitoring cash flows, and maintaining financial records. This team is also responsible for financial forecasting and handling transactions with lenders and investors.
5. Sales and Marketing
- Roles. Sales managers, marketing specialists, and real estate agents.
- Responsibilities. Creating and executing marketing campaigns, managing client relationships, and selling or leasing completed properties. They play a key role in brand management and customer acquisition.
6. Legal and Compliance
- Roles. Legal advisors, compliance officers, and risk managers.
- Responsibilities. They ensure all projects meet legal and regulatory requirements, manage contracts with contractors and suppliers, and handle disputes or claims. They are also responsible for ensuring compliance with environmental regulations and zoning laws.
7. Supply Chain and Procurement
- Roles. Procurement managers, supply chain coordinators, and vendor relationship managers.
- Responsibilities. Sourcing materials, negotiating with suppliers, managing inventory, and coordinating logistics to ensure timely delivery of resources to the construction site.
8. Human Resources (HR)
- Roles. HR managers, recruiters, and employee relations specialists.
- Responsibilities. Recruiting, hiring, and retaining talent, managing employee relations, and meeting occupational health and safety standards. They also manage payroll, benefits, and training programs for staff development.
9. IT and Systems Management
- Roles. IT managers, systems analysts, and data security officers.
- Responsibilities. Supporting the technology infrastructure, including project management software, communication tools, and data security. They ensure that technology resources are aligned with the needs of each department and secure data integrity across operations.
Summing Up ...
This organisational structure allows property developers to manage the diverse aspects of a development project efficiently.
It ensures that each phase is executed by specialised teams working cohesively to complete projects while effectively managing risks and adhering to legal, financial, and operational requirements.
Understanding Business Continuity Management for Property Developers |
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