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Adam Altobelli of GeoFocus Group: The Wolf of Construction
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In the latest episode of the Build The Missing Middle Podcast, Adam Altobelli, president of GeoFocus Group, shares the nitty-gritty of managing troubled construction projects. And trust me, it's not all just bricks and mortar—it's also about the people, the money, and a bit of magic in balancing all the chaos. Whether you're into multifamily units or industrial/commercial/industrial (ICI) sectors, Adam's got some golden nuggets to share.
5 Tips for Construction Success. So, grab your hard hat, and let's hammer out these five tips for turning your construction woes into wins! 🛠️
1. Assemble Your A-Team
You know those movie scenes where the hero puts together a crack team for an impossible mission? That’s your construction project. Availability, the best personnel, and clear communication are your ABCs. Early engagement of a construction manager is like having your own Gandalf guiding you through the Mines of Moria—don't skip this step!
2. Design with Dollars in Mind
Balancing a developer's vision with what's actually doable is like trying to fit an elephant into a Mini Cooper. Efficient design isn't just a luxury—it's a necessity. Consider 3-story, wood-frame construction for missing middle projects and decentralized mechanical systems to make maintenance a breeze. Trust Adam; your future self will thank you.
3. Navigate the Market Maze
Ever felt like you're playing a game of SimCity but with real money? Understanding local municipalities, hot markets like St. Thomas and Niagara Falls, and the trends towards purpose-built rentals can turn the game in your favor. And don't forget the CMHC MLI Select program—financing has never been this user-friendly!
4. Contract Clarity
Different types of construction contracts (CCDC 2, CCDC 5A, CCDC 5B) are like different flavors of ice cream—each suited for a specific palate (or project). Like-mindedness in team building and transparent processes can mean the difference between a successful project and one that leaves a sour taste in everyone's mouth.
5. Holistic Approach to Success
Imagine trying to build a skyscraper with a single blueprint page—it’s not happening. A holistic approach, considering everything from site selection to post-construction, is crucial. Adam’s advice? Think big picture but don’t overlook the details. Your project is an orchestra, and you’re the conductor.
Ready to take your construction project from a headache to a highlight reel? With Adam Altobelli’s insights, you're well on your way to building success, one brick at a time!
Adam Altobelli Links:
Website: www.thegeofocusgroup.com
LinkedIn: https://www.linkedin.com/in/adamaltobelli/?originalSubdomain=ca
Instagram: thegeofocusgroup
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