Construction Fundamentals for Development Professionals

Online: On-Demand Course

Construction Fundamentals for Development Professionals

In order to manage a successful development project, you need to understand the fundamentals of construction. This course is designed for you if you are not a construction professional but need a solid understanding of all the fundamental aspects of construction.


Have you ever felt that you would do a better job if you understood some of the basics of construction? If you are involved in real estate development projects, you likely appreciate the importance of understanding the elements of the most basic process of construction involved in development. But are you confident in your understanding? While it is important to trust your team, good communication depends upon a shared understanding of what matters.

Topics include construction contracts, pricing of construction contracts, and critical considerations in hiring construction professionals. In addition, you will get a basic understanding of what construction professionals wish you knew, including the basics of building systems, delivery methods, construction sequencing, building materials, and types of construction.

Learning Objectives

Upon conclusion of this course, you will be able to:

  • Understand the multidisciplinary construction process, including the players involved and the roles of all parties.
  • Manage the selection, hiring, and oversight of contractors.
  • Review the creation and pricing of construction contracts.
  • Review the creation and pricing of construction contracts.

ULI Learning is provided by the Urban Land Institute.


  • Construction/Engineering
  • Development
  • Finance and Investment

Experience Level

  • Foundational

This course is designed for you if you are interested in gaining a deeper understanding, trying this for the first time, or just want a refresher.

Career Stage

  • Beginning Real Estate Professionals

This course is designed for you if you are not a construction professional but need a solid understanding of all the fundamental aspects of construction.

Course Format

This course is eight hours long. It is available at your convenience on demand. The course includes digital materials.

Alan Razak

Principal, AthenianRazak LLC

Alan Razak is Principal of AthenianRazak LLC, a Philadelphia-based real estate services company that consults on, creates, and manages real property. Alan has more than 35 years of commercial real estate experience, encompassing development and project management, finance, architectural design, and consulting. His diverse real estate background includes managing the development process, both as owner and on a consulting basis as owner’s representative, and project types including residential, office and commercial, as well as specialized expertise in data centers and other highly technical facilities.

Prior to merging with Athenian Properties in 2011 to form AthenianRazak, Alan founded and led Razak Company, which was responsible for the development of projects such as Main Line Jaguar Land Rover, Pembroke North Condominium, 5035 Ritter Road for the AOPC, and the Curtis Institute of Music’s Lenfest Hall. Razak Company also performed real estate consulting assignments for clients including Swarthmore College, the Rock School of Dance, Vanguard Group of Mutual Funds, and many others.

Prior to forming Razak Company in 2003, Alan was a Principal with Radnor Advisors, Inc., which was subsequently purchased by Insignia/ESG. In this role, he coordinated the marketing and service delivery to data center and high technology clients worldwide and managed the Philadelphia office’s real estate consulting group. During the early 1990s, Alan focused on international real estate and technical consulting services for government and domestic financial institutions. For much of the 1980s, he was a Partner at Rouse and Associates (now Liberty Property Trust), where he managed development of a 400,000 sf Washington, D.C. office building project and Rouse’s 20-acre Penn’s Landing urban multiuse project on Philadelphia’s waterfront

Alan began his career as an architect, and for purely sentimental reasons maintains his status as a registered architect in Pennsylvania. Alan has served on the Central Philadelphia Development Corporation’s Board of Directors, and is a member of the Urban Land Institute, where he wrote and currently teaches several workshops for real estate practitioners internationally. He holds a B.S. in Arts and Design from MIT, a Master of Architecture from the University of Washington, and an MBA with a concentration in real estate from Wharton.


  • ULI Members: $395.00
  • ULI Members (Government/NonProfit/Academic): $350.00
  • Non-Members: $525.00
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