When Tara Jewels Ltd. contacted SILA, they were in the middle of planning an IPO. To give investors confidence in their plans, it was necessary for them to complete the roll out of their 35 stores across the nation within a short period of 4 months. These stores were located across Metro, Tier 1 and Tier 2 cities. They required us to oversee and manage the schedule and quality, as well as to certify contractor’s progress payments.
CHALLENGES FACED
We took on this challenge with the aim of delivering a perfect job despite the limited time span. In order to achieve this target, thorough schedule, logistics, procurement and execution planning became mandatory. We had to manage multiple independent contractors, consultants and design teams that received the fit-out package alongside co-coordinating with the client’s marketing, operations and IT teams.
With such a diverse team, finding solutions that worked for everyone was a key challenge, careful and meticulous planning was critical to be able to overcome this. It was important to have the right management systems in place to ensure that critical path processes were completed on schedule.
The company’s compliance requirements also included a detailed cost audit, which we provided by meticulously analysing all the teams that were under our oversight.
VALUE CREATED
During the execution of the project, we dealt with issues like design plans becoming unachievable owing to an improper site selection, local regulatory issues. We worked through these issues as we went forward by further tightening our management systems. The end result of our efforts was a project matching the high quality standards of our client, delivered on schedule.
About SILA:
SILA is a Real Estate Services company with expertise in Facility Management, Real Estate Advisory, Project Management & Interior Contracting, servicing clients in over 50 cities with 4,000+ employees. The company’s Facility Management clients include Mumbai International Airport (T2), J&K Bank, Piramal Enterprises, Adlabs Imagica, Tata Sons, WeWork amongst others. SILA’s Projects division has projects across property asset classes – Hospitality, Industrial, Commercial, Mixed Use, Retail, & Residential, and Turnkey Interior Contracting for Commercial Offices, Restaurants & Retail Stores to its service offerings. SILA’s Advisory business provides with a comprehensive range of services such as Research, Valuation, Feasibility Studies, Equity/Debt Syndication for Real Estate Projects. SILA’s goal is to use the experience gained across all our services and projects, to provide our clients with in-depth advice and support for their Real Estate.
