Acting on your behalf, at all stages!
At Masters we take our projects and their execution very seriously and hence act as Client Representatives at every stage of the project. We don’t just act as Managers, but we take the complete ownership of the projects we undertake and act as liaison of our customers to ensure that all their needs and interests are met, right from the discovery phase to the execution/hand-over phase.
Although we are a Project Management Company providing end-to-end Project Management Services (pre-construction to post construction), Design Services (with our integrated in-house design army), Development Solutions (from assessing feasibility, viability of projects to complete hand-over), Cost Consultancy and Real Estate Allied Services. But keeping up with the industry’s need of the hour, we understand how important it is to work in synergy with clients and stakeholders; hence, we act as Client Representatives-running the show on their behalf! From the commencement of the project, we take the baton from our clients and share roles and responsibilities ensuring all their needs are met in time, with zero disruption.
Masters provides following range of services, individually or in any combination; as per Client’s requirements:
- Development solutions
- Design services
- Project Management
- Cost Consultancy & QS
- Allied services
From start to end, we finish it all !
At Masters, we understand what it takes to build successful projects. Hence, in addition to providing end-to-end Project Management Services, Design Services, Cost Consultancy and other real-estate Allied Services, we are competent in offering complete Development Solutions.
This includes various packaged services that can either be customized/hand-picked or opted as a whole as per client’s requirement.
Within Feasibility Analysis we assess the viability of the project before its inception. The Development team at Masters can assist Clients (land owners) in defining the objectives of a project and arriving to the “best land use” strategy for the development of the available land bank. Masters can assist in evaluating the lands feasibility, identifying potential investors, legal advisors, and managing a diverse team including market consultants, master planners, and architects for the development of the concept.
Real Estate Advisory
Masters undertakes assignments of an advisory nature for various banks, real estate funds, individuals and organisations, looking to invest in the real estate market in India. Our team of professionals provide project-specific advice on the creative, technical, and administrative know-how required to develop a sound strategy both for developers and investors.As Real Estate Advisors, Masters can assist in pre-construction due diligence, followed by ongoing periodic audits at site after the commencement of construction.
Techno Commercial Due Diligence
This service is best-suited for renovating, restoring or re-creating old buildings/projects. As a part of this service we assist our clients in the technical evaluation of pre-existing buildings and projects.
Evaluation entails review and reporting on the property’s overall physical condition, pertinent components or building systems, physical deficiencies and conditions that would limit the expected useful life of major components or systems and provision of estimated costs to remedy physical deficiencies and annual capital reserve expenditures.
In Turnkey or ready-to-sell projects, we build to buyer’s exact specification.
Design & Build
As the name suggest, from designing to building, we take care of end-to-end services that are involved in completion of projects.
Construction Management @ Risk
In this model, we act as a Consultant to the owner in the development and design phases providing pre-construction services and then offer construction and contracting solutions during the construction stage.
Enhancing the creative vision!
Building structures requires more than brick and mortar and we at Masters believe that the creative design process is at the heart of every project. Therefore, in addition to our suite of existing Project Management and Development Solutions, we also offer a horde of Design Services to our clients. We have a dedicated and dynamic in-house team of Design Architects and Engineers with diverse and varied experiences in a wide spectrum of projects, both in scale as well as in nature.
Our endeavour is to deliver an effective & unique design solution in line with the Client’s requirement, ensuring timely delivery of all drawings/ documents and effective monitoring of the project.
Our Design Services include:
Design & Planning
- Client/ Design Brief development
- Developing Master Plan and Design Concepts
- Development of the Schematic Design
- Detailed Design Development
- Tender Documentation
- Preparation of GFC drawings
- Interior Space Planning
- Concept & Schematic Designs Development
- Detailed Design Development
- Tender Documentation
- Client/ Design Brief development
- Developing Master Plan and Infrastructure
- MEP Design Concepts
- Development of the MEP Schematic Design
- Detailed MEP Design Development
- Tender Documentation for MEP
- Preparation of GFC drawings
- Establishment of Design Management strategy
- Control, manage , assign scope and take accountability for delivery of various stakeholders of the project
- Manage design change effectively by the evaluation of technical, time and cost effects of proposed changes.
- Maintain stipulated quality of the design and associated documentation
- Control project costs
- Manage design schedules
Conforming to highest standards in construction!
As Project Managers in the construction industry, we at Masters, undertake a planned series of activities and design them in synchronization with our customer’s requirements, whenever we go on board with new projects. This includes overall planning, coordination, monitoring and controlling of a project from inception to completion in order to produce a functionally and financially viable project that will be completed on time, within authorized cost and to the required quality standards.
Our Project Management services are classified into three typical stages.
From the moment we take up a project, we chalk out a roadmap for our customers, taking ownership of the entire project, right from its budding stages. This process includes advising, monitoring and reporting on Pre-Construction activities of the project. Masters initiates the project by preparing a project execution plan that will set out the cost, time and quality objectives of the project, and the systems and procedures that will be used to achieve these objectives. The overall objective of the Pre-Construction process is to improve efficiency, reduce cost and time (by providing clear briefings, pre-planning meetings, workshops and resource allocation) and value maximization (by managing the supply chain, making timely decisions and operating in a pro-active and robust environment).
Phases of Pre Construction Management
- Project definition
- Project administration
- Appointment of architect and consultants
- Design management & coordination
- Procurement management/Tender and Bid management
- Planning management/ Forecasting management
- Cost management
- Risk management
- Value management
Construction & Installation Management
Masters starts the construction management process during the preliminary design stage when project planning milestones are established, construction concepts are developed, and the overall plan is prepared.
As a part of Project Management Consultancy, during the construction period, Masters will prepare a construction management strategy, procedure and manual and undertake ‘Construction Process Management’ which is essentially a strategy of overseeing the General contractor’s/ Sub -contractor’s supervision team at site, monitoring their established processes and doing periodic quality checks at random.
As Client Representative, Masters will represent your best interest in interactions with contractors, major sub contractors and all other consultants.
During final design, construction management tasks include constructability and cost-saving reviews, consequent design changes and environmental compliance. The construction phase involves implementation of the construction plan by the Project Construction Manager including day-to-day communications and coordination with contractors.
Phases of Construction & Installation Management
- Appointment of contractors
- Planning management/Forecasting Management
- Cost management
- Site management
- Quality control
- Environment, Health & Safety management
- Co-ordination with client, architect and other consultants
Post Construction Management
Through our post construction management services we ensure that the project is handed over to the client in a controlled and disciplined manner. Masters will also co-ordinate for the hand over of all documents including as built drawings and approved O&M manuals by the Contractors/ Vendor.
Phases of Post Construction Management
- Package closure – technical & commercial
- Final cost report
- Co-ordination for hand over – documents including as built drawings, operation & maintenance manuals
Cost Consultancy and QS (Quantity Surveying)
We value your money as much as you do!
Masters can also undertake assignments of Cost Management, Cost Audit and Cost Monitoring of the project to ensure that the project is being developed to the Client’s requirements within the best value proposition and budget. Masters’ Cost Management Team establishes an effective centralized Cost Management and Change Monitoring system for all stakeholders in the project.
Our Cost Consultancy services are classified into four typical stages.
- Initial budgetary estimate
- Preliminary cash flow
- Identification of items for advance purchase
- Value management (with Consultants)
- Cost monitoring (against design progress)
- Preliminary cost plan & cash flows
Tendering & Documentation
- Procurement strategy – packages, tendering & contracts
- Preparation of contract documentation
- Preparation of standard & consistent BOQ
- Tender review & analysis
- Preparation of Letter of award & Contracts
Post contract Cost Control & Monitoring
- Cost control & administration
- Revised cash flow & financial advice based on tenders
- Change management strategies
- Progressive cost plan & monitoring of costs
- Monthly project cost report
- Indent & check measurements / quantities, Material reconciliation
Post contract Financial Management
- Standard procedures for progress payments
- Attend meetings
- Monthly valuations & progress payments
- Preparation of final accounts
- Financial & contractual close-out
Apart from the core Project Management and related services, Masters also offers a range of allied services adding value to the projects by focusing on time, cost, quality and safety as we believe in what Joy Gumz said “The time to audit a project is when you can still add value. Auditing a project at the end is like bayonetting the wounded.”
Program Management & Process Review
While acting as the Program Manager or Process Reviewer, Masters takes the responsibility of being a single point contact for Strategic Planning, Monitoring and Periodic Reviewing & Reporting to Owner on the factual status of the overall project Schedule. Masters identifies the risks to the timeline of the project and advise the Owner on remedial actions in order that the project can be completed within the targeted timeframe and cost.
Quality Review & Audits
We at Masters believe in Total Quality Management and feel the responsibility of monitoring our existing developments and ongoing construction projects for possible hazards and non-conformity to Quality standards. In addition to conducting 1st and 2nd party audits, we are also capable of conducting on-site (3rd party audits) for our clients.
In Quality Audits, our team reviews the design, design basis reports, specifications, testing-commissioning reports, statutory approvals and supporting documents for the project and undertake a walk-through and visual review of the site and structure(s) to create a report of the findings and advise the Client on the technical (design and construction related) aspects of the project and grade the overall quality of the development.
Our highly qualified and experienced team of Engineers under the supervision of Senior Management review the ongoing construction and report the risks, defects and recommend improvement in quality where the quality is below acceptable norms.
The objectives of quality audit in Masters opinion are:
- Evaluate the project process in order to identify defects so that they can be fixed.
- Provide recommendation to prevent future defects in the project process.
- Review and report quality standards with respect to specifications and contract documentation.
- Prepare monthly audit report collating observations, risks, defects noted and recommendations.
- Follow up to review the compliance of recommendations provided and report the status.
Safety Review & Audits
At Masters, we have adopted a structured process to conduct Safety Audits which measure compliance and conformance to safety standards, striving for zero accidents. With our highly qualified and experienced professionals, we understand the gravity of Safety as a priority in the Project Management Process and we also undertake 3rd party Safety Audits for our clients.
We believe in integrating safety into design, production and use and ensure that our sites are inspected during and after completion by experienced safety professionals to make sure that no safety hazards remain. Masters undertakes the Environment, Health & Safety audit for large and complex projects where in safety team identifies the various risk involved in project and proposes the mitigating plan.
Masters defines the project specific safety system such as: Establishing minimum EHS standards for the project
- Resources required to ensure safe working atmosphere
- Fall protection system including edge protection & work at height issues
- Risk assessment and mitigation plan
- Safe working method statements for critical activities
- Various permits to work
- Regular inspections to identify & correct unsafe situations
- Consistent awareness programs
- Task related instructions to workers
- Regular safety meetings
- Effective emergency evacuation system
Strategic consulting services are provided in the first part of the development cycle which includes Business Plan Formulation, Investment Strategy, Financial Modeling, Market Research, Land valuation & Due Diligences. The deliverables includes feasibility reports, detailed budget documents, Legal Due Diligence and Market survey. We provide vital information to the client on the risk profile and also mitigation strategies that forms the basis of the project location and implementation. This helps the project developer to minimize risk profile and develop techno-commercially bankable project.
Vaalbara Group strategic consulting team has vast experience in the development of large projects over various sectors and with some of the largest corporates in India and Globally. The team members have also been associated with sourcing and closure large value transactions in India.
We offer services to developers, investors, advisors and lenders seeking inputs on business formulation, existing assets, new development projects and strategic advice on the suitability of buildings and locations analysis.
In addition to the above, we also assist the client to arrange both foreign equity and internal debt financing, where required.
Array of Services
- Business Plan Formulation & Techno-commercial Feasibility Studies for development and infrastructure projects
- Investment Strategy
- Financial Modeling
- Market Research Exercises
- Land Valuation & Advisor
If you’ve got questions or ideas you would like to share, send a message. For anything more specific, please use one of the addresses listed below.
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After we get some information from you, we’ll set up a time to discuss your project in further detail.