Professional Services Agreement - Incremental Development Alliance - Small Real Estate Capacity Building and Tech Assistance

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Audience 2: Capacity -build existing small developers with some experience to develop many properties in a neighborhood area and assist existing professionals in real estate, construction and design doing small development projects in addition to their main line business. This small but potent audience includes individuals and organizations directly or tangentially involved in real estate already. They bring many technical skill sets to the table but are missing one or two key elements to be more successful. There are a few common flavors: • Existing property owner / rehabbers: They may have bought or inherited a property, tinkered with it, but really treated the process more like a hobby than a business. • Small developer/contractor (for profit or non profit): May be very experienced at one product type, but may not have the facility to know how to pivot to a more diversified set of building types or business models, such as how to do new construction. . • Side Hustlers to Full Time: Younger or second career developers who have completed a few rehab or flip type of projects and want to build a more intentional business model, but do not know where to start, especially if there is a lack of product type they want to pursue in the area they are located. • Professionals adjacent to real estate: Have the most technical skills at hand to perform as small developers. They usually need to understand the necessity to stay in a relatively concentrated area to build relationships and typically need to hone their financial aptitude to a higher level. FEES The Alliance will be brought in on an as needed basis scheduled at least 60 days in advance for in person visits and at least a day in advance for formal meetings. In Person visits will be compensated at the following set values: Labor: $1500 per day (includes time for travel) Expenses per trip (Airfare, hotel, meals): $700 Off site calls will be compensated at the following set values: Labor: Executive Leadership/Senior Faculty: $150 per hour Project Coordinator: $120 per hour