Vice President - Construction Management

Vice President – Construction Management Covington, KY FOCUS OF RESPONSIBILITY: This individual will have full responsibility for the construction functions for the Company, including design supervision and coordination. The scope includes full financial accountability for and management of all construction activities relating to ground up buildings located primarily in the Midwest, including premier developments known as Ovation and Circleport, tenant improvements within the company’s existing office portfolio of 1.5 million square feet, and renovations within the hotel properties. This individual is responsible to recruit, employ, and manage the supporting staff who function in this sector of operations. We expect this person to take an entrepreneurial approach with an owner’s mentality to shaping, managing, value engineering, and otherwise scheduling and purchasing the services required, contractors, architects, engineers with respect to all projects and activities involved. It is imperative that the scope, budget, and delivery of each project is tracked and reported timely in a regular manner.

REPORTS TO:

Nick Heekin, Executive Vice President

REQUIREMENTS:

12 – 15 years of experience in commercial design and build work. The ideal candidate will have worked for commercial real estate developers. Specific activities of work would include: Base Building Construction Work with Owners and architect/designer to scope the project on a preliminary basis. Provide initial Pro-Forma Budgets for the project. Complete all preconstruction activities necessary to accelerate project commencement. Engage the architect(s) and engineers for the project. This is often done in a design competition format and this individual is responsible for establishing the guidelines and parameters for the design competition. Negotiate the architectural and engineering contracts and establishing their compensation and schedule that assures project success and in a manner that controls extras and cost overruns. Select a pool of general contractors and direct the bid process and select the appropriate general contractor for the project. Negotiate the General Contractor Agreement, usually in a lump sum or GMP format with shared savings provisions and bonus/penalty provisions for schedule. Supervise the construction funding and draw process, always protecting the owner. Negotiate and control all issues relating to the general contract including change order management, Owner RFI’s, schedule issues, governmental relations, project punch list and close out, etc. Provide consistent and timely reports on the activities and projects, and all matters, business, personnel, etc. involved within this design and build group of the Company. Establish and maintain higher standards of performance and delivery of outcomes within the unit. Oversee existing operations to ensure a high level of customer service while controlling and minimizing owner’s expenditures. Reporting Provide a comprehensive monthly report to the EVP of all activities within this department. This report will include activities and accomplishments for the previous month as well as a planned action agenda for the coming period with projected financial results tied to specific deadlines. These project schedules and “action agendas” are established to ensure good communication between team members and timely completion of all work. Provide monthly project financial and variance reports for each active project, including all information to keep the owner fully informed. Provide annual budgets and business plans for the department and manage, hands-on with accountability for cost control. Project Backlog In Newport, KY the Ovation project is well underway with the completion of the first 2 luxury condominium projects on top of a 1,600 space Car Park and a third condominium building 80% complete. Additional buildings will be mixed-use and will consist of office, retail, apartments, condominiums, townhomes and restaurant/entertainment uses. The total project will consist of over 2.5 million square feet of vertical development over an 8–10-year period. On the balance of the buildings Corporex may take the lead on certain elements of the vertical development, such as the hotels or office and a venture partner or other type of investor/developer may take the lead on the other vertical elements. Corporex may also be a financial partner in these vertical developments as well. In Covington, the Company recently completed the new One NKY Building a 47,000 square foot office building and laboratory. Hemmer acted as general contractor on the base building and our internal tenant finish group completed the office build-out, including a state-of-the-art BSL-2 lab. In Cincinnati providing owner representation and construction management of a 75,000 SF medical office building plus a 10,000 SF addition for Lindner Center of Hope, a mental health and wellness center. The company has over 250 acres of land remaining within the CirclePort Development in Erlanger, Kentucky and anticipates doing multiple build to suit developments within the park over the next several years and potentially multi-family. The Company typically does between $7-10 million per year in tenant improvement projects within the portfolio, consisting of multiple projects ranging from 1,000 to 130,000 square feet. The Company typically does between 1-3 Property Improvement Plans (PIPS) for hotels within our portfolio. The typical PIP may involve construction of approximately $1 million in finishes and this work is done in conjunction with Commonwealth, an affiliated hotel management company. #J-18808-Ljbffr Corporex Companies, LLC