JM Property - Construction and Project Management on Paxos

Construction & Project Management

Overview

The construction industry on Paxos has seen rapid growth over the last few years leading to a healthy
and highly competitive market. Long established contractors and smaller, more specialized groups of
tradesmen compete constantly to offer their services and expertise in the construction and renovation
of property on the island.

Everything required for a construction is readily available on the island, however is must of course first
be transported. This does make construction costs higher than the neighbouring mainland and Corfu and
a good quality build can generally be expected to cost around 1500 €/m².

Companies such as ourselves provide a service which enables our clients to quickly source the most
competitive rates of labor and quality tradesmen as well as sourcing particular materials or information
relevant to the project. We are a constant local partner, representing your personal requirements and
enforcing your instruction. Overseeing the project is an important task and we pride ourselves on
sending constant updates and images of progress throughout every stage of the project.

1500 €/m²
Construction cost

JM Property management services

JM Property offer a management package which allows complete peace of mind at every stage of the
project; combining experience, sound organization, real commitment to every project and very
importantly; communication with the client at all times.

Obviously we can not promise that everything will always go to plan; factors such as the weather or
other circumstances may sometimes cause delays which are beyond our control.

What we can and will do, is keep you fully informed throughout, giving you constant assurance that all
is under control; which makes the whole process as stress free as possible.

Jerry Mitsialis is responsible for organizing and directing the project as well as supervising each stage
of work which will involve:

- Contractors

- Tradesmen

- Team of Builders

Contractors and tradesmen are given the chance to offer a quotation for each project and are then
chosen with regard to the price and availability for the work. As all trades become more competitive
within the construction industry, service and workmanship are constantly improving.

Our team of builders are truly exceptional in their skills and ability to complete every task to the
required specifications and within the set timescales.

Whatever level of assistance you require, we will always endeavor to offer a fair and practical solution
to your needs. The services involved in a project are as follows:

Organization of
Documentation

-All necessary Planning documents
-Documents necessary throughout building/renovating i.e.Electricity permits
-Collection of all details including quotations/receipts etc.
-Necessary tax documents kept in order and presented to the tax office as necessary

Quotations

We can offer:
-Guidance and accompaniment to clients wishing to be involved at the quote stage.
-Full organization of this procedure in order to complete package price and time of
completion. ( Individual quotes will always be made available for client scrutiny. )

Project Stages

-Organization of project stages.
-Communication with relevant parties at each stage to determine availability
agreements and timescales are adhered to.

Site Supervision

Stages will be set out and realistic time scale incorporated.
We will ensure that timescales are adhered to unless genuine occurence cause delay.
In this instance, a report will be made explaining the cause and expected continuation
of work.

Time Management

Regular updates and communication of specific details as required, including:
-Digital images/diagrams
-Specific details, requirements, suggestions or queries relating to the project.

Management of Payments

Payments are most easily managed by a joint bank account, existing between the
client and JM Property.
Quotes, invoices and receipt will be sent as and when appropriate and funds made
available in this account are easily directed when needed.
All withdrawal records will be kept and are of course available to the client directly
through the Bank.

If you have a lot of time to commit to a project and are looking for assistance, rather than full
management services, we can work with you to develop a tailored approach that is flexible and
designed to suit individual needs and requirements.

We feel that the best way to ensure that our fee reflects the size and demands of the project is to
work on a percentage of the project value.

For a full site management project, including all of the services listed, we will charge a fee of 12%
of the project value. The fee is usually paid as a monthly installment for the duration of the project
and the stages are generally as specified below:

12 %
JM Property
Management Fee

Project Stage

Breakdown

1 Design and Planning

Development of plans using engineer services
Acquisition of planning permission and electricity permit
Quotations and project planning

2 Pre-build stages

Excavation, movement of obstruction
Ground leveling and baser

3 Foundation and structural columns

Concrete pre-layer
Main foundation irons and concrete
Structural columns and beams; reinforced concrete

4 Main structures

External walls; Brick, Insulation, Stone/Render
Internal dividing walls
Plumber and Electrician will carry out tasks from this stage

5 Roof

Roof timber
Insulation, waterproof membrane and tiling
Guttering supports and channels

6 Plaster Pre-layer

Internal render undercoat
Main fireplace structure

7 Main finishes

Internal and external render and stone finishes
Sterna and swimming pool render and waterproofing

8 Closure and internal finishes

Internal and External doors and windows
Flooring
Tiling

9 Home completion

Kitchen fittings
Bathroom fittings
Light Fittings

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