CONSTRUCTION FINANCE MANAGEMENT Free essay! Download now
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CONSTRUCTION FINANCE MANAGEMENT
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| Words: 2003 | Submitted: 28-Mar-2011
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DescriptionProject Scope / Specification: Build the housing & Health facilities on about 5,000 Sq.m. of Plot in a prime locality of Pune for a charitable trust. The Specifications for the Flooring are given below: 10% Granite 40% Kota Stone 50% Mosaic cement tiles. The Construction of Housing & health facilities is RCC Framed Structure Aluminum sliding window used for rest of construction.
Project Scope / Specification:
Build the housing & Health facilities on about 5,000 Sq.m. of Plot in a prime locality of Pune for a charitable trust.
The Specifications for the Flooring are given below:
40% Kota Stone
50% Mosaic cement tiles
The Construction of Housing & health facilities is
RCC Framed Structure
Aluminum sliding window used for rest of construction.
The technology, which we are going to, used in the construction for this project is RCC Framed Structure and Aluminum Sliding windows, which is used widely for the construction. By using this Technology we can Able to complete the Construction in comparatively short period of time then the other technique, by using this technique we also able to reduce the cost of construction because the manpower cost reduces at some extent.
These types of RCC Framed structure provide long lasting & less maintainance cost.
Cost of Construction:
Before discussing on the financial viability of the project and planning for the project, we need to discuss the “Goal of the Charitable Trust” and also understand “Goal of the Developer” accepting to develop the plot in a prime location in Pune. To put in simply, we might say that the goal of any business is to maximize the returns to the owner of the business. So the goal of the finance is to help the business in maximizing the returns. Here the company is the Developer and the Developer would be pursuing several goals at the same time. Individually concerned, the Developer would be more concerned with the money they are making from the Trust and the prospective purchasers of the houses that are to be constructed.
Thus the flow of money or (funds) has to be managed and canalized so as to result in maximizing gains to the Developer. Financing and Accounting help in ...
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