Choosing the developer for your TMA 38 project is the most critical decision homeowners must make. The best way to select the right partner is by conducting a professional, competitive developer tender.
1. Preparing the Request for Proposals (RFP)
The tender begins with a detailed RFP prepared by the owners' attorney and supervisor, setting threshold criteria (required apartment extensions, balconies, parking, and baseline finishes) to compare bids fairly.
2. Assessing Financial Stability and Completed Projects
Beyond sales presentations, check two factors: * **Track Record**: How many TMA 38 projects has the developer successfully completed? (Visit completed sites and speak with residents). * **Financial Capacity**: Can the developer secure bank guarantees?
3. Comparing Commercial Offers and Safety Nets
Homeowners should not simply choose the highest paper offer (which might be rejected by planners). Analyze construction specifications, guarantee sizes, and the developer's willingness to agree to delay penalties.