As a new addition to its comprehensive services, SYM Superyacht Management now offers to act as the Buyers Chief Representative for yacht owners entering into either a new build construction or a complex refit project.
This new service offered by SYM Superyacht Management, is aimed at complicated projects whereby the owner needs a single point of contact to bridge the gap between Shipyards, Brokers, Designers, Lawyers, Project Managers, Technical Representatives, Class, Flag, Insurance and anyone else associated with the project.
This includes an oversight on every step of the process, from due diligence to project construction close-out. In other words, we exclusively represent the buyer from concept to completion.
As a leading management company being the first to offer stand alone buyer’s representation in the yachting industry, SYM Superyacht Management conducts an in-depth review and analysis of any yacht or potential project on the buyer’s behalf.
We provide essential feedback, guidance on pricing, and detailed reporting to arm our clients with tools for more effective, insightful purchase and build negotiation.
Many yachts are purchased during build when plans, finishes and specifications are not fully developed, or do not exist at all. This can be one of the most problematic areas of negotiations during the due diligence phase.
It can often result in undervalued, inaccurate estimates and quality issues before project completion, which many times fall way short of preliminary budget projections and buyer’s expectations for quality.
Establishing reliable real costs, using our experience for best estimating practices based on similar products of comparable builds and craftsmanship, requires a highly experienced team intimately familiar with the nuances of yacht build. SYM Superyacht Management is that team.
By taking a hard look on the buyer’s behalf, we can document what is missing or underestimated in the specifications and design drawings that may not be obvious on the surface. We look for and see the things that even the most seasoned yacht lawyers, brokers, naval architects and shipyards may not see.
We are your boots on the ground. Because of our extensive background in yachting and yacht build, our Buyers Chief Representatives make a practice of being on-site as often as required to inspect and review the build process, as well as meet and collaborate with all involved in the process.
The Buyers Chief Representative process is set up to maximise clarity, communication and effective project coordination. By being proactive, we oversee all facets of the project, including: technical and design details, build implementation and quality of subcontractors.
We recongnise the need for clear leadership and decisive communication among all parties.
Benefits:
• A skilled professional will be covering your back.
• Many complex aspects of your transaction will be simplified.
• In the hands of an up-to-date expert.
• Rely on proven experience and successful track record of a Buyers Chief Representative.
• Negotiating results will be improved.
• Receive a higher level of service without paying more.
For more information about Buyers Chief Representation with SYM Superyacht Management please contact contact us at info@sym.eu
