Episode 154: Owner’s Rep for Project Management with Maureen Mascaro of The Common Area
Today Brad speaks with Maureen Mascaro, Founder and Chief Project Officer at The Common Area, an owner's rep project management firm which provides due diligence, construction management, and peer review of drawings to support the real estate needs of tenants, landlords, investors, developers, and owners.
Maureen is also the Founder and CEO at The Learning Table which, in partnership with The Common Area, offers continuing education courses, leadership development coaching, marketing support, and a network of resources via an online dashboard.
Listen in as Maureen defines the owner’s rep as essentially a neutral third-party serving as the “conductor of the orchestra” which brings all of the parties together to accomplish the goals of the construction project at hand.
She speaks on the scope of her work as an owner’s rep, the two contract types she offers depending on the type of project, and the personal touch she provides to all of her clients as a boutique project management firm.
Finally, Maureen shares her inspiring experiences over the past several months as she navigated pregnancy as a woman business owner in the construction industry.
Sponsors:
Visit https://buildertrend.com/aft/ to get a 60-day money-back guarantee on your Buildertrend account!
Pella Windows & Doors - https://www.pella.com/
Events:
Learn More/Register for Contractor Coalition Summit November 06-09 https://www.eventcreate.com/e/contractorcoalitionsummit
Topics Discussed:
[04:22] Defining “owner’s rep”
[11:02] How to prepare a proposal as an owner’s rep
[16:45] Why Maureen dedicates a portion of her year to working with nonprofits
[20:32] Maureen’s journey in the construction industry
[30:03] The challenges of starting her own owner’s rep project management company
[34:50] How Maureen finds new clients
[39:37] Commercial versus residential owner’s representation
[44:29] Why an owner’s rep should be one of your first hires
[48:46] Dealing with owner controlled insurance programs (OCIP)
[51:32] The scope of Maureen’s involvement in projects and contingencies in place
[54:22] Lump-sum versus Guaranteed Maximum Price (GMP)
[58:01] Organizing the moving process for residential clients
[01:02:46] Navigating her pregnancy at work
[1:08:30] What’s next for Maureen
Connect with Maureen Mascaro & The Common Area:
Website - https://www.thecommonarea.co/
Instagram - https://www.instagram.com/thecommonareafactor/
Facebook - https://www.facebook.com/thecommonarea
LinkedIn - https://www.linkedin.com/in/maureenmascaro/
Connect with Brad Leavitt:
Website - https://www.aftconstructionpodcast.com/
Instagram - https://instagram.com/aft_construction
Facebook - https://www.facebook.com/aftconstruction
Houzz - https://www.houzz.com/pro/aft-construction/aft-construction
Pinterest - https://www.pinterest.ph/AFT_CONSTRUCTION/
YouTube - https://www.youtube.com/channel/UCzB4R_DHPVV1SPh7RUfR5jg
Key Quotes by Maureen:
An “owner's rep” advocates for and educates clients through any type of real estate project, from concept through completion and occupancy, regardless of industry. If it’s a real estate project, we have the time, expertise, and local relationships to help bring all of the parties together to accomplish the goals of the project.
You can’t make the right decisions for your company if you don’t know your financials.
For every single project, one of the first hires you should make is your owner’s rep because they can help you identify the right team members that you should bring in for your specific project type, dynamic, and personality.
