『Time, Cost or Quality - Balancing Deadlines, Budgets, and Build Quality in Property Development』のカバーアート

Time, Cost or Quality - Balancing Deadlines, Budgets, and Build Quality in Property Development

Time, Cost or Quality - Balancing Deadlines, Budgets, and Build Quality in Property Development

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 In this episode, Jonathan and Kieron delve into the concept of the development triangle, also known as the project management triangle or golden triangle, which encompasses time, cost, and quality. They discuss the challenges of balancing these three elements in property development, emphasising that achieving all three simultaneously is often elusive. They also share insights on value engineering, sourcing materials wisely, and the significance of maintaining a strong reputation as developers. KEY TAKEAWAYS Jonathan and Kieron discuss the development triangle, which consists of time, cost, and quality. Achieving all three simultaneously is challenging, and often compromises must be made. Developers must balance the three elements of the triangle. For instance, if a project is completed quickly and cheaply, the quality may suffer. Conversely, high-quality projects may take longer and cost more. The importance of value engineering is highlighted, where developers can cut costs without compromising quality by sourcing materials directly from manufacturers or wholesalers, thus eliminating middlemen. A developer's reputation is crucial. Delivering high-quality projects leads to positive word-of-mouth and repeat business, while cutting corners can result in negative feedback and long-term damage to credibility. Adhering to British standards and regulations is essential in construction. Developers must ensure that all materials and methods meet these standards to avoid costly rectifications and maintain quality. BEST MOMENTS "If you want good quality, well, actually, there are things like if you go to a fancy restaurant, you know you're going to pay through the nose, but you're going to get the best Michelin star food." "Cheaper is not always best. It's not. Even if you're doing that, I know I see and hear people saying, there's just going to be buy-to-lets. People are going to ruin it anyway." "You need to be thinking, right, what are they bringing here? Are they bringing me a time problem, a cost problem, or a quality problem?" "Managing the trade-offs of the triangle can be challenging. Obviously vetting the team, you know, everyone's got to be on the same page, everyone's got to be the same vision in mind." HOST BIOS Jonathan is a property developer and entrepreneur with a background in finance and construction. Originally from South Africa, he holds degrees in Accounting and Auditing and relocated to England in 2003. He gained financial and operational experience at firms such as RSM, Prudential, and Baker Tilly before transitioning into property. Since 2014, Jonathan has managed major commercial-to-residential conversions and new build developments, particularly across the South West. His analytical mindset and on-the-ground experience help listeners navigate the property world with confidence. Kieron is a construction expert and entrepreneur with over 20 years of industry experience. Starting as a mason, he went on to found Shepherd Construction in 2012, delivering projects across both the public and private sectors. From extensions to luxury new builds, Kieron has earned a reputation for quality, precision, and strong leadership. As Managing Director, he’s involved in every stage—from design to delivery—offering a no-nonsense, deeply practical perspective to anyone looking to build with success. https://www.facebook.com/jonathan.stobbs.7/ https://www.linkedin.com/in/jonathanstobbs/ https://www.facebook.com/kieron.shepherd.73 https://www.linkedin.com/in/kieron-shepherd-83b979aa/
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