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03.

Scope of Services

SCOPE OF DEVELOPMENT ADVISORY SERVICES required to obtain any appropriate temporary
or final certificates of occupancy or equivalent
• Review as built plans and specifications of all documents required to permit the occupancy of
building improvements. Working with MEP any portion of the Project in accordance with the
Engineers and Architects determine what existing Project Schedule.
improvements in infrastructure or building
systems should remain with property, the market • Project Manager will assist and coordinate efforts
value of improvements and what if any additional with its leasing and management and property
cost is needed to repair or restore improvements. management teams for any capital improvement
projects at the Property.
• Determine what improvements made by existing
tenant were not part of base building and PROJECT MANAGEMENT SCOPE OF SERVICES
should be removed by tenant as part of their General
decommissioning responsibilities. • Project Manager agrees, at all times, to exercise
good faith and to act in the best interests of
• Assist the Owner with the required Project the Project and the Owner. Project Manager’s
Development and Approval Processes for Project. standard of performance under this Agreement
shall be that of a sophisticated and experienced
• Ensure compliance with all terms and project development and project manager
conditions applicable to Owner or the Project with respect to first-class, high quality projects
or the construction thereof contained in any comparable to the Project in the Las Colinas
Entitlement, any recorded covenant, condition sub market. Project Manager shall perform the
or restriction, easement or other title conditions Services and such other services and functions
affecting the Project, any conditions contained on behalf of Owner in connection with the
in any insurance policy affecting or covering development, design, construction of the Project
the Project or in any surety bond obtained in as would customarily be taken or performed by
connection with the Project, or any loan to Owner, a Project Manager. Owner acknowledges and
and all Applicable Laws and such directions agrees that Project Manager’s obligation under
and instructions as Owner may from time to this Agreement is to use best efforts to cause
time give to Project Manager (collectively, the the Project to be completed in accordance with
“Requirements”) (with the costs of compliance plans and specifications, budgets and schedules
being paid by Owner as part of the Final Project approved by owner. Project Manager, however,
Budget). shall promptly notify Owner when it reasonably
anticipates that the project cannot be constructed
• Timely submission to Owner for its execution in accordance with the plans and specifications,
any notices of completion required or permitted budgets and schedules approved by Owner.
to be filed or recorded upon the completion
of any portion of the Project and, upon receipt
from Owner, promptly filing or recording such
notices, and taking such actions as may be