As one of the leading providers of property management, operation, and exploitation services in Vietnam, DEMEGO always "brings to residents and partners a comprehensive and superior ecosystem of technology and services, enhancing the living experience for a brighter future – building the real estate model of the new era." Therefore, from the very first step of project setup, Demego places great emphasis on investment and careful planning. So, what are the key steps in the project setup process of Demego? How is it specifically implemented? Let’s explore the details in the following article.

PRE-OPENING PHASE

The pre-opening phase plays an extremely important role in ensuring the success and smooth operation of the building. This is the time to finalize the last elements, thoroughly check everything, and ensure that all tasks are perfected before the building is officially put into operation. Therefore, the pre-opening phase is especially valued by Demego and executed systematically through the following steps:

Service Management

An efficiently operated building requires the services within it to be of the highest standard. Each department must be thoroughly trained in both attitude and expertise to be capable of deploying and managing a real estate project. Each position has its own specific role, yet these departments are all interconnected and play a critical role in creating the ideal living space for residents. Through a professional and skilled team, Demego delivers high-quality management services to ensure effective project implementation.
  • Security: Managing access points to the project, patrolling the site, controlling the central monitoring room, etc.
  • Cleaning management: Ensuring cleanliness in the lobby, hallways, elevators, etc.
  • Electrical system and backup generator management: Overseeing the building’s electrical systems, backup power stations.
  • Collaboration and notification with electricity providers: Notifying the electricity unit in case of medium-voltage system failures.
  • Construction order management: Ensuring the adherence to construction regulations.
  • Greenery and landscaping maintenance: Managing plant life and landscaping criteria.
  • Waste management: Collecting and transporting waste to designated disposal areas, ensuring waste is sorted and processed according to regulations.
  • Wastewater collection and drainage management: Overseeing wastewater pits and pumping systems.
  • General technical system operation: Operating systems like lighting, CCTV, and other key infrastructure.
  • Road management: Maintaining internal roads and access routes.
  • Holiday and event decoration: Organizing festive decorations for holidays and special events.
This structured approach ensures that all aspects of building management are effectively organized, facilitating the efficient operation of the project from the very beginning.
 
The cleaning department of Demego cleans the exterior areas before the building officially goes into operation.
The cleaning department of Demego cleans the exterior areas before the building officially starts operations.

Building the Financial System

Demego will create a complete, specific, and reasonable financial plan that helps the investor optimize the budget while ensuring maximum effectiveness. The budget plan Demego prepares for the pre-launch phase will include:
  • Establishing the estimated budget that covers the necessary costs to prepare for setting up the building during the pre-launch phase. This includes calculating the preparation costs that the investor must cover with their own funds (e.g., constructing the management office, equipment, maintenance tools, and necessary office supplies, personnel costs for the pre-launch phase, etc.).
  • Establishing the payment process which includes regulations for payments, advances, reimbursements, purchases, etc.
  • Preparing standard forms and management reports such as profit reports, project activity reports, etc.
  • Reviewing and finalizing the general operating budget required for management, covering all management and operation activities and related costs.

Receiving Handover of Technical Systems

During this phase, the investors and management will participate in training sessions on how to operate the equipment within the project, get direct hands-on experience, and proceed with the system handover. Specifically:
  • Reviewing the actual installation compared to the original design to ensure the machinery has been installed according to the design.
  • Recording any differences between the design and actual installation, and noting any issues that arise during the trial operation phase.
The technical staff at Demego conduct a survey of the building's electrical system.

Building the Financial System

Demego will create a complete, specific, and reasonable financial plan that helps investors optimize their budget while ensuring maximum effectiveness. The budget plan that Demego creates for the pre-opening phase of the project will include:
  • Establishing the estimated budget that covers all necessary costs to prepare the building during the pre-opening phase. This includes calculating the preparatory costs that the investor must cover (e.g., building management office setup, necessary maintenance tools and equipment, and personnel costs for the pre-opening phase).
  • Setting up payment processes, including rules for payments, advances, reimbursements, and transactions.
  • Preparing standard templates and management reports, including profit reports and project activity reports.
  • Reviewing and finalizing the overall operating budget necessary for management (for all management and operational activities and related costs).

Receiving Handover of Technical Systems

During this phase, investors and management teams will participate in training on how to operate the equipment in the project and will have hands-on experience before the official handover. Specifically:
  • Reviewing the actual installation versus the original design to ensure that all machinery has been installed according to the design.
  • Documenting any differences between the design and actual installation, noting any issues that arise during the trial operation phase.
Demego's Technical Team Inspects the Building's Electrical System Before Operation

Building and Managing Subcontractors

In the professional management, operation, and real estate exploitation process, managing subcontractors is essential. In addition to cleaning, landscaping, and security contractors serving the direct management of the building, there are also other contractors such as construction, repair, and system maintenance. To ensure effective management, Demego follows a detailed selection process for contractors:
  • Preparing bid request documents and sending them to selected service providers, such as M&E system maintenance, security services, pest control, gardening, and landscaping, for the common areas, etc.
  • Evaluating service proposals and conducting interviews with contractors.
  • Providing assessments of contractors to the investor.
  • Representing the investor in meeting with contractors and negotiating contracts.

Demego Pays Special Attention to the Subcontractor Selection Process

Managing Handovers and Apartment Fit-outs Demego coordinates with investors in preparing the handover process by setting up all necessary documentation. Together with the investor, Demego carries out the handover, which includes:
  • Finalizing utility meter readings, receiving information from homeowners, and guiding residents on the utility contract signing process.
  • Managing construction order and maintaining order in the Shophouse area.
Demego’s Technical Team Conducts Handover of Apartments to Residents Before the Official Opening

Operational Phase

Building the Human Resources System

To ensure smooth and effective project operation, Demego places particular emphasis on the recruitment and training process. Specifically:
  • Deploying a team from the main office to support and prepare all tasks during the pre-opening phase.
  • Setting up the organizational chart, job descriptions, salary, and working hours for project management personnel.
  • Planning the recruitment, interviewing, hiring, and training processes for personnel.

Managing Residents

The core of resident management is customer service and communication with residents. However, managing residents is not just about providing services; it also involves reminding, persuading, and enforcing regulations when necessary. An appropriate management mechanism is crucial. Demego will manage the following aspects:
  • Service fees/unpaid fees – how fees are determined and the current fee level.
  • Resolving resident complaints and grievances.
  • Repair and maintenance support (subject to available personnel).
  • Managing residents' move-ins and move-outs.
  • Enforcing project regulations.
  • Coordinating with the investor, contractors, and third-party service providers.

Establishing a Cooperation Model Between Demego's Management Team and the Investor

  • Setting up a coordination model between Demego’s management team, the investor’s authorized personnel, and external service providers (if any).
  • Coordinating contractor personnel to ensure work is done according to Demego's standards.
  • Establishing a process for coordination and handling issues with service providers. Receiving information and notifying specialized teams of issues.
  • Coordinating and monitoring service quality, proposing improvements to external service providers (if any) to ensure consistent service quality.

Managing Project Equipment

One of the key functions of Demego’s management service is maintenance. The benefits of maintenance are to ensure that the mechanical and electrical systems, as well as equipment within the building, operate steadily and sustainably over the long term.
The Demego technical team inspects the building's electrical system before it becomes operational.
Maintenance is a proactive and effective measure to reduce the overall workload of maintenance tasks. It also helps technical teams in utilizing operation manuals, warranty documents, and contracts. Moreover, wherever the project is located, the responsible personnel are a crucial part of inspecting the system and ensuring smooth operation for the new project. Typical tasks in equipment management include, but are not limited to:
  • Ensuring machines are operating correctly.
  • Performing maintenance at the right time and in the proper manner, using quality services.
  • Anticipating equipment wear by conducting regular inspections, implementing suitable solutions, and adjusting the system when necessary.
  • Performing periodic checks, such as vibration control, noise control, water sample testing, etc.
  • Keeping a sufficient inventory of spare parts.
  • Replacing equipment on schedule to prevent new damage.
  • Timely repairing equipment malfunctions.

Periodic Maintenance Program

Demego's periodic maintenance program includes reviewing the following issues:
  • Inventorying and ordering replacement parts.
  • Creating guidelines and work procedures (inspection checklists) for equipment management (inspection, lubrication, adjustment, replacement, etc.).
  • Setting the frequency of equipment management tasks.
  • Identifying the need for personnel, time, and materials.
  • Establishing records and logs to provide information about completed maintenance tasks.
  • Recognizing necessary repairs and creating repair requests.
  • Ensuring that periodic maintenance is followed as established during the initial phase.
  • Identifying who will carry out the maintenance tasks (outsourcing or in-house maintenance staff).
  • Adjusting the maintenance schedule (frequency) if needed.
  • Using computer-based management programs (if available) to track and analyze the maintenance system.
  • Periodically reviewing the maintenance plan and updating the necessary information related to maintenance tasks.
  • Adding necessary items to the maintenance program as needed.

Risk Management

One of the main responsibilities of management is maintaining a safe working environment and minimizing financial losses for the investor in all situations. Risk management involves processes and solutions for unexpected situations and preventive measures to control and minimize the negative consequences of events. Demego always considers and sets up risk management measures that may arise during operation, including the following key elements:
  • Identifying potential risks.
  • Developing solutions/choices for resolving the situation in the most appropriate way to minimize risks.
  • Implementing and controlling these solutions.
  • Continuously planning and adjusting if necessary.
  • Training staff to handle situations in case of risks.
Demego's security staff undergo fire safety training to ensure they are prepared for emergency situations.

Risk Management and Prevention Plan

Demego will prepare a contingency risk management plan in collaboration with the Investor for various potential scenarios, including:
  • Fire safety
  • Evacuation safety
  • Bomb threats
  • Floods/storms
  • System malfunctions
  • Other operational threats to the project
  • Threats from pandemics (e.g., Covid-19, SARS, bird flu, etc.)
Demego will closely work with the Investor to analyze the potential negative impacts on the project, assess risks, evaluate the likelihood of material risks, and determine the potential level of damage.

Financial Management

Demego’s financial management tasks will vary based on the Investor's requirements, including:
  • Establishing an annual operating budget for the project
  • Calculating and collecting service fees and other fees (if any)
  • Preparing monthly income and expenditure accounts
  • Setting the project’s operating budget/equipment investment budget
  • Reporting budget discrepancies
  • Calculating interest and collecting overdue payments
  • Conducting annual audits

Reports

Reports are considered the most comprehensive overview, allowing the Investor to understand the project’s operational status, revenue, and effectiveness. The types of reports Demego will provide, as per the Investor’s requirements, include:
  • Detailed actual income and expenditure - monthly and annually
  • Detailed Balance Sheet
  • Account status and cash flow
  • Accounts Receivable Report, Income Report
  • Notes on special events or incidents
  • Reports on tasks being performed by all departments
  • Recommendations for upgrades or improvements (if any)
The above outlines the entire setup and implementation process for a Demego project. If you need additional support for office management services for your business, please feel free to contact the DEMEGO consulting team for advice and assistance.