Construction Plan for Business Expansion | Case Study

Construction Plan for Business Expansion Case conceiveBEJAY GILOI YAPP personal line of credit 1SENARIO 1 grammatical social organisation stinting science is a minor part of a much larger subject of environmental economics whereby it consists of the application of the techniques and expertise of economics to eddy schemes. Its is important as economics atomic number 18 introduced in the early jut stage for the entire skeletal system team and even for the client. This is concerned with the study of mans ineluctably in connection with shelter and the suit open and entrance conditions in which to live. Building economics is in any case important to ensure that the resources available to the exertion is in effect used and not wasted. Moreover, it ensures the increase rate of growth of manifestation encounter in the most efficient manner.Consideration must be give to other economic aspects such(prenominal) as the roles of the profession and the division of revokeeav or and winding. Furtherto a greater extent, the types of development and the size of the industry and its relationship to other industries should to a fault be loted. Lastly, it is important that the types and sizes of construction firms and the variations in building speak tos and its influencing factors to be take oned.Task 2SCENARIO 2Before Mr. Hashim should purchase a new dapple block to expand his business, I would advice him about a few factors that he might need to consider. The factors ar as followsOne of the factors that Mr. Hashim should consider is the Accessibility. The send should be easily accessible by automobile and within locomote distance of some potential users. Mr. Hashim should as well count in the pencil eraser of the location whereby it would be safe for potential users to work in the proposed location.Next, is the visibility of the office block. It is important that a prominent location is required so that the users move easily identify the office block. Visual character is also one of the factors that should be taken as the bore of the existing neighbourhood or surroundings needs to complement with the office block. For example, it is not appropriate to set up an office whereby the surrounding buildings argon residential buildings.Moreover, Mr. Hashim should consider on the Site Capacity whereby the site should be large plenteous to provide sufficient space for the users including parking space or for upcoming expansion. Most importantly, Mr. Hashim should consider on the rental cost or the building cost of the proposed office decorousty. It should be reasonable or to say atleast pursuit his budget. This is to ensure that the rentals or price of the office block are low-priced so that he can run his business tallyly and in the same time his business can be profitable.Lastly, Mr. Hashim should also consider the Facilities provided around the office property. For example, the presence of restaurants, cafes and departm ent stores which allow for be real beneficial for him and his workers as they volition not need to travel removed to grant there meals during Break hours.We can almost say that the heart of the words cherish and woo are almost similar, although when it comes to building economic terms, these two components have totally different definitions.Value is usually meant by the sum of original cost estimates and assumptions. Although in building economic terms, honor can be defined as the measure of benefits that an individual or company can gain either form goods or service. In construction, value is what the building is worth based on various foodstuff rates. It can be said that the as the demand and supply for a particular building or product increases, the value give also increase jibely. Value can also be the amount of silver that say, an asset has for a certain time period whether at stand for or any other time. There are few factors that can move the value of a certai n building. As for example the fix of a proposed confound as a 2 Story bungalow build in the center of the city has a different Value compared to a 2 Story Bungalow built in the village. be can be defined as the expenses or actual cost of a given project. In other words, it can also be defined as the total price of the project itself number one from the design exhibit to the finishing. This can be related to the components of cost which are the delve cost, material cost, plant and equipment cost, overhead cost and also the profit. These components can majorly affect the cost. For example, during the construction process of a given project, there happens to be a major breakd witness on the equipment used. This result surely affect the end cost of the project.Task 3SCENARIO 3 groin to Floor part Ratio is the measuring rod of the total floor area built or to be built in relation to the total size measurement of the project. The Wall to Floor celestial sphere Ratio is calculat ed by dividing the outside(a) Wall Area (EWA) by the Gross Floor Area (GFA) and the answer ratio can be used to compare the building designs.Calculations(Floor natural elevation = 3m)External Wall Area (EWA) = (10+10+10+10) X 3 = 120Gross Floor Area (GFA) = (10 X 10) = 100EWA GFA = 120100 = 1.2Calculations(Floor aggrandisement = 3m)External Wall Area (EWA) = (10+5+15+5+10+5) = 150Gross Floor Area (GFA) = A (10 X 5) + B (10 X 5) = 100EWA GFA = 150100 = 1.5 first-class honours degreeSECONDGross Floor Area (GFA)(10 X 10) = 100A(10 X 5) + B(10 X 5) = 100External Wall Area (EWA)(10+10+10+10) X 3 = 120(10+5+15+5+10+5) = 150EWA/GFA1.21.5Based on the calculations, the FIRST floor plan is more economical because it has a lower circumvent to floor ratio which is 1.2 compared to the SECOND floor plan with a paries to floor area ratio of 1.5. The lower the wall to floor ratio, the more economic will be the design.Task 4SCENARIO 4(i) quantify- Time can be defined as the given period or length of time during any construction process. Time should be discussed in detail to the client so that they may know when the construction project starts and when is the given time for the completion of the project to be done gibe to the deadline.(ii) damage It is the total cost of the project to be perfect up or completed. The cost of a given project should be carefully analyzed and controlled from over budgeting and causing problems to the build team and especially to the client. Cost can come from the proposed land the project to be built, the materials used for construction and other various factors.(iii)Quality It is based on the finished product and will be measured by theclient itself either from the quality of design, its looks and its overall function. It is also judged through the ability of the contractor to execute the project in such a way that the finished product is according to the client expectations and that the finished product does what it is intended.The three components, Time, Cost and Quality in the construction industry do play a big role in the triumph of a construction project. Although, these components should be balanced to ensure the success of a construction project. For example, if we reduce the time for a given project, the cost will drastically increase and the quality of work also increase.For example, Mr. Kumar is deciding to farther expand his current business. He currently owns a 2 sidestep Restaurant and now he is deciding to extend his restaurant. Although, there are a few factors that have to be suggested by Mr. Kumars consultant in order to minimize the total end cost of the project itself. It would be great for Mr. Kumar to have a specific time line for the construction of the new extension of his current restaurant. This is to ensure that expenses for the project will be used by the best way possible and that his investing is profitable. Having a very short time period of construction process would only bur den him as the cost of the construction process will be a bit more expensive but in the other hand, this will result in a great quality in it. The extension of the restaurant will surely be able to have a return on Mr. Kumars investment if it has a short time period of construction time and will in conclusion incur a high price, but in the end have a great quality on the project.Task 5Quality in the construction industry usually means excellence. It is the totality of the attributes of a building in which enable it to satisfy needs, including the way in which individual attributes are related, balanced and integrated in the whole building and its surroundings. Thus, it is also considered a philosophy rather than a mere attribute. For example, we tend to judge the two objects by their qualities. In the construction industry especially in manufacturing, quality can be shared into different parts such as quality control, quality assurance and many others. Quality in the construction industry can also be devided into different views, which are the customers view itself, the producers view and the politicss view. In Malaysia, we have certain certifying bodies based on the construction projects. For example, we have Jabatan Kerja Raya (JKR) and Construction Industry Development Board (CIDB) whereby these bodies set their own regulations to control the Quality of work according to the views of different clients.Whereby Standards in the construction industry is more to achieving a recognized level of quality within an organization. For example, to ensure that a proper standard of insulation is done and the proper standard of carpentry is done on a house according to the given standards within an organization. For Standards, there are also several certifying bodies in Malaysia. For example, SIRIM QAS International Sdn. Bhd. And Bureau Verritas Certification Sdn. Bhd. Which is responsible of controlling the standards on the construction products in Malaysia.There are three categories of quality cost. Firstly, is the Prevention Cost whereby its main purpose is to avoid defects on the product in the beginning of production stage. It also supports activities whose purpose is to reduce the number of defects of the products. For example, this costs in put in place through methods and procedures which ensures that the product is made according to its standards, meet its requirements and that it is made according to the design.Secondly, is the Appraisal Cost, whereby it is usually influenced by a third party. Appraisal Cost or also know as Inspection Cost where its main function is to identify defective products in the first place the products are shipped to costumers. For example, some sample of the products pass through another command test or quality test before being show to be packed and shipped to the costumers.Lastly, is the Inter Failure Cost whereby this cost is divided into two, which are cozy Failure Cost and External Failure Cost. Inte rnal Failure Cost is a result from identification of defects before they are shipped to customers while the External Failure Cost include warranty, repairs and replacements of the product.