Koehler & Company assisted AT&T and its broker in negotiating a lease that provided allowances for both base building and tenant work construction with the annual rental rate established based upon a formula rooted on final costs. The overriding objective of the services provided by Koehler & Company was to help AT&T management mitigate the risk associated with development cost overruns. The ground up development services provided included:

• Development of lease exhibits including, the Outline Specifications, Tenant Workletter and Project Schedule;
• Monitoring the permitting and entitlement process;
• Consultation regarding the selection of the Base Building design consultants, general contractor and major subcontractors including, development of the RFP's, selection criteria and interview procedures;
• Design development and value engineering leading to an acceptable guaranteed maximum construction contract;
• Construction contract administration including performance, oversight and the coordination between tenant improvement work and Base Building construction work.