Project Profiles

Project Management

PROJECT:

Harbour Walk Condominiums,
Cobourg, ON

SIZE:

3 Buildings combined 180 suites plus retail. Approximately 240,000 sq. ft.

TYPE:

Condominiums

COST:

Approximately $50,000,000

SCOPE OF WORK:

Mutual organized all aspects of the project. Mutual performed the management aspects of the project including construction management.

• Land Acquisition
• Development Agreements with the Municipality
• Equity Financing through Limited Partnership
• Construction Financing
• Tarion Warranty requirements and qualifications
• In-house marketing and sales

Responsibilities

• Design and Construction drawings
• Tendering and Negotiation of Trade contracts
• Scheduling
• Financial Management
• Site Management
• Cost Finalization and Turnover

Phase III is now completed with only a few units remaining.

Click here to go to HarbourWalk.com

To get a no-obligation quote on your project contact us by clicking here

Project Monitoring

PROJECT:

Quantum on the Bay, Miami, Florida

SIZE:

750,000 S.F., 51 storey, 698 unit residential condominium with ground floor retail incorporating 620 above grade parking spaces on 12 levels.

TYPE:

High-rise Residential Condominium Units

COST:

Approximately $200,000,000

SCOPE OF WORK:

On behalf of the Equity Lender, Mutual Gain Inc. reviewed the Quantum on the Bay project anticipated costs, covering the hard and soft cost budgets for the development and construction of the overall project and provided ongoing Progress Reports. Mutual Gain Inc. worked with the Developer to achieve a budget that was acceptable to all parties, reviewed and reported on the Developer’s equity, cost to date and projected profitability and on all aspects including development agreements, construction contracts, insurance, environmental issues and permits.

Financial Management

PROJECT:

Martindale Gardens, Milton, Ontario

SIZE:

76 Unit, 63,000 sq. ft.

TYPE:

Waterfront Community

COST:

Approximately $10,000,000

SCOPE OF WORK:

The Project is a 4 story, 76 unit assisted living residence in Milton with a gross area of approximately 63,274 square feet, located on a site of approximately 1.4 acres. Mutual was engaged by the Owner to perform various aspects of Project Management including Construction, Budget Planning, Cost Estimating, Tender Analysis, Contract Negotiation and Schedule Analysis.

Budget Preparation & Cost Planning

PROJECT:

Orchard Point Condominiums, Orillia, ON

SIZE:

3 Buildings combined 144 suites plus Marina
6 & 8 story buildings

TYPE:

Assisted Living Residence

COST:

Approximately $70,000,000

SCOPE OF WORK:

Mutual Development organized all aspects of the project. Mutual Gain performed the management aspects of the project including Construction Management.

• Land Acquisition
• Development agreements with the Municipality
• Equity Financing through Direct Investment
• Construction Financing
• Tarion Warranty Requirements and Qualification
• In-house Marketing and Sales
• Ontario Municipal Board approvals

MDC Responsibilities:

• Design and Construction drawings
• Tendering and Negotiation of Trade contracts
• Scheduling
• Financial Management
• Site Management
• Cost Finalization and Turnover

Construction has now started.

Click here to go to Orchard Point.ca

To get a no-obligation quote on your project contact us by clicking here

Forsenic Audit and Cost Finalization

PROJECT:

BCE Place, Toronto, Ontario

CLIENT:

Brookfield Development Corporation

SIZE:

Combined 98 stories
Approximately 2 million sq. ft.

COST:

Approximately $500,000,000

SCOPE OF WORK:

Mutual Gain was engaged to perform a forensic audit of the project's hard and soft costs. This included an investigation of the following:

• Review the General Contractor's guaranteed maximum price contract to ensure that all costs billed to the project were accurate;
• Verify calculation of cost sharing amounts;
• Review construction contracts and change orders issued;
• Ensure costs invoiced were fair and reasonable for work performed; A review of all soft costs including deposits and levies charged to the project.

After the total project costs were confirmed, Mutual Gain was engaged to determine the final allocation of costs between the Owners. This work included:

• Review of the Cost Sharing Agreements;
• Take off of all Project As Built Drawings;
• Review of all Contracts and Development Agreements;
• Review and Allocation of Change Orders;
• Determining the parameters of the various cost centers;
• Preparation of Report to Owners.