§ OCCUPATION · GLOBAL STANDARDS

property developer

Property developers buy land, finance deals, order construction projects and orchestrate the process of development.

Description

Property developers buy land, finance deals, order construction projects and orchestrate the process of development. They purchase a tract of land, decide on a marketing strategy, and develop the building program. Developers must also obtain legal approval and financing. When the project is finished, they may lease, manage, or sell the property.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

budgetary principles contract law market research real estate market investment analysis

OPTIONALAdjacent knowledge that strengthens fit

energy performance of buildings building codes architecture regulations accounting techniques business management principles building systems monitoring technology leasing process

Practical Skills

ESSENTIALApplied skills & competences

audit contractors manage contracts maintain financial records follow health and safety procedures in construction negotiate land acquisition create a financial plan keep records of work progress estimate profitability monitor contractor performance provide cost benefit analysis reports execute feasibility study ensure compliance with legal requirements compare property values assess financial viability coordinate marketing plan actions

OPTIONALOptional competences

negotiate land access oversee planning of security systems use safety equipment in construction liaise with financiers liaise with quality assurance manage staff value properties develop energy saving concepts recruit employees liaise with shareholders provide information on properties manage maintenance operations attend trade fairs monitor parameters' compliance in construction projects

Data Source: Unified Global Standards (ISCED, ISCO, O*NET, ESCO)