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Division of Real Estate Services

ROLE OF THE TRANSACTION MANAGER

Role of the Transaction Manager

DRES Transaction Managers (TMs) serve as the chief advocate and primary contact for state agencies. With a comprehensive appreciation of the requirements, issues, and objectives unique to each agency, the TM can provide expert advice and assist clients in a wide variety of responsibilities:

  • Determining size and space planning requirements
  • Soliciting bid proposals
  • Inspecting cost-efficient alternatives
  • Discussion, clarification and negotiation of proposals
  • Preparing term sheets and drafting lease agreements
  • Negotiating terms and clauses
  • Circulating draft leases and coordinating revisions
  • Coordinating design of tenant improvements
  • Facilitating the signing and execution of formal documents
  • Ensuring the execution of tenant improvement construction
  • Documenting lease commencement
  • Responding to evolving requirements
  • Understanding of real estate and the Commonwealth’s policies and procedures

With a focused and centralized real estate support program, agencies can obtain space to improve internal efficiencies and productivity; experience a timely transaction process; realize negotiation leverage; identify cost-saving opportunities and benefit from increased collaboration and communication.

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