Having a general contractor within your real estate group is one approach you can adopt to limit the impact of construction industry issues on the residential sector. It means greater control over the investment process and you can avoid being the victim of price fixing
Dom Development Construction was founded by Dom Development to diversify the implementation of its projects, so that some would be built by the internal company and others by external general contractors. “The construction industry has been experiencing difficulties with the supply of labour and liquidity, so ensuring construction deadlines are met requires more effort. It is also becoming increasingly difficult to guarantee price continuity,” explains Marcin Drobek, the CEO of Dom Development Construction. “Having its own construction firm allows Dom Development to carry out its contracts independently, which gives it greater room for manoeuvre in a difficult market environment and also helps to protect its margins,” he adds. Setting up a construction company can also provide a way of dealing with contingencies, as was the case with the Polnord Group. Although GK Polnord had already been registered in 2014, it was only finally activated in an emergency situatio
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