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8 Steps To Success In Property Development: Building 7th Step

8 Steps To Success In Property Development: Building 7th Step

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In this episode, Jonathan and Kieron uncover the crucial 'build phase' of the 8-step development program, emphasising its significance throughout the entire development process. Kieron, with over 20 years of experience in the building trade, discusses the decision-making involved in choosing between managing the build yourself or hiring a main contractor. They highlight the importance of effective communication, accurate planning, and the various roles that contractors and quantity surveyors play in ensuring a successful project. KEY TAKEAWAYS It's generally advisable to hire a main contractor for construction projects due to their expertise and ability to manage risks, health and safety, and compliance with regulations. If opting for self-management, hiring a contracts or construction manager is recommended. Effective communication with the main contractor is crucial. Developers should clearly articulate their needs and expectations, as assumptions can lead to misunderstandings and project delays. When selecting a main contractor, it's beneficial to obtain multiple quotes based on a detailed scope of work. Engaging a quantity surveyor can help ensure that the quotes are comparable and that the best value is achieved. Timely payments to contractors are essential to maintain project momentum. Delays in payment can disrupt the workflow and lead to financial complications, making cash flow management a critical aspect of the construction process. The construction industry in the UK is held to high standards, with multiple layers of checks from building control, warranty providers, and monitoring surveyors. Ensuring compliance with these standards is vital for the success and safety of the project. BEST MOMENTS "Personally, I think managing it yourself is madness, but that's not to say you have to go down the main contractor route." "Main contractors have to work up to be able to build out developments. They don't just go from building a conservatory to building out a site of 10 houses." "It's a joint process. Everyone's trying to make money through this process." "You want to make sure everyone's safe. Everybody's good at what they do and building at the right price." "If you get a good one in the local area, they will have all the connections. They will know all the people to call." 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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