Commercial Real Estate Financing
The case is a project involving QuickTech, a development company in the commercial real estate and building industry. The case involves the selection, planning, and implementation of a complex building project involving a high-level technical component of building support systems. QuickTech employs a new automated system of building architecture and planning that accelerates the completion of commercial buildings for specialized technical tenants who require tailored facility support and security.
The case is a project involving QUICK-TECH, a development company in the commercial real estate and building industry. The case involves the selection, planning, and implementation of a complex building project involving a highlevel technical component of building support systems. QUICK-TECH employs a new automated system of building architecture and planning that accelerates the completion of commercial buildings for specialized technical tenants who require tailored facility support and security.
Competitors for limited resources (wherewithal) can also prove a profitable area of study. For example, oil majors have attempted to avoid bidding up the price for key scarce resources by timing their projects (moving the when) to avoid excessive competition. If only a half a dozen players are involved, individual study and perhaps direct collaboration may be feasible. More generally, it may be appropriate to look at the markets for specific resources as a whole. Successful commercial property developers are aware of the need to time new building construction, hopefully while the market for resources and cash are depressed, just before the market for office space takes off. Many failed developers are also well aware of the importance of these considerations too late.
This building project would first appear in the business plan as a marketing concept or program objective to enter into a commercial building project consistent with the company's growth plans. Integration of portfolio issues with other company processes requires a planning information system with the following characteristics
Commercial construction includes retail and wholesale stores, markets and shops, shopping centres, office buildings, warehouses and small manufacturing facilities. Examples of institutional construction are medical clinics and hospitals, schools and universities, recreational centres and athletic stadiums, governmental buildings and houses of worship and other religious buildings. Architectural firms usually take the lead in the design of commercial and institutional facilities, with assistance from engineering firms for such specialties as structural and electrical elements. Because this type of work is usually more complex and time consuming than residential construction, owners usually engage general contractors to perform the field construction subcontractors usually provide specialty services such as plumbing, painting and electrical work.
In March 2001, construction and improvement of public facilities etc. by the PFI method was legally approved in Japan. This is a method where design, construction, funding, maintenance and management of public office buildings, schools, hospitals, and basic traffic facilities, etc. are entrusted to private sectors as a package for a long period of time. This is a type of contract that grants a business right to private sectors. In this case, it depends on the types of facilities but all elements mentioned in Figure 4-2-9 at previous page are covered in bidding and contract as a package. BOT or BOO is a pattern of this method, where the life cycle of projects is long and the overall business is considered as a project._
Puter) processing the results, brings along the necessity to build a tailor-made model for each individual case. Attempts to build models with a wide validity, for instance certain categories of office buildings, are bound to fail. The architect must be able to 'play' with his model. When new stakeholders are identified, their preferences must be incorporated by adding new constraints. Creating such tailor-made models can only be learned by doing so. We have seen students at first wrestling for weeks with a fairly simple model, yet later being able to set up a completely new model in just a few hours.
This is used to describe the customer needs the project's outcome must satisfy. Its content will depend on the nature of the project. If the project has to deliver a computer system, it may contain a list of functional and non-functional requirements. If the project is to deliver a new office building, the document should describe graphically the user's vision.
There are two types of scope product scope and project scope. First, you define the product scope, unless it has already been defined for you. The product scope specifies the features and functions of the product that will be the outcome of the project. The product scope might well be part of the product description in your charter. The product can be tangible, such as the construction of a new office building or the design of a new aircraft. The product can also be the development of a service or event, for example, deployment of a new computer system or implementation of a new training initiative. Regardless of the type of product, the product scope indicates the specifications and parameters that paint a detailed picture of the end result. For example, the product scope of the construction of a new office building might include square footage, number of stories, location, and architectural design elements.
Which variable should be optimised - once the constraints allow a positive solution space - is open to question. In the case of an office building, for instance, we may choose the return on investment, the office space per employee, the parking area, the budget for a prestigious entrance, etc. The problem can be circumvented to a certain extent by assigning weight factors to a limited number of variables and optimise the weighted sum of these. The
Imagine a project to install wood floors in an office building. Currently, there is a finish-to-start relationship between staining the floors and adding a layer of shellac to seal them. The project manager has elected, because of the humidity in the building, to add two days of lag time to the downstream activity of sealing the floors. Now the shellac cannot be applied immediately after the stain, but must wait two additional days. Lag time is considered a positive value, since time is added to the project schedule.
Javier is a project manager for a large Internet service provider. The company has offices all over the world. In the Sao Paulo office, a recently purchased office building, the infrastructure is going to be upgraded from 100Base-T Ethernet (100 megabits per second) to OC-3e (155 megabits per second). The infrastructure gear has been ordered, and the technicians have been trained to manage the new gear. The fiber-optic cables have been run into the new office building, and high-speed fiber-optic connectivity has been established with the other offices around the world.
Numerical calculations are often not convincing enough. architects are generally not impressed by numbers, they want to see what outcomes look like. To convince, therefore, outcomes of numerical calculations need to be visualised. Any numerical outcome should be visualised by associated geometrical modelling. For instance, if an alternative for the number of 2-person and 1-person rooms of an office building is proposed, a drawing of the floor plan should immediately appear on the display to visualise the features of the proposed distribution of 2 and 1 person rooms.
As the system is being produced, some units of the system may be moving into the installation deployment phase. This is a rather straightforward subelement, requiring excellent documentation on how to install the system in its operational environment. Such environments range from rather benign situations, such as an office building, to more stressful ones such as aboard a ship or a submarine. In some cases, special analysis has to be carried out so as to assure field operability. This applies, for example, to siting a radar in a particular ground-based location. At times, unanticipated problems arise during installation for a system that was operating without difficulties in a more controlled environment. Most companies have specialized installation teams that are familiar with the types of problems that surface during system deployment.
Trade-off When a product's functionality is reduced, its value is reduced. If the airplane won't carry as much weight, will the customer still want it If a software product has fewer features, will it stand up to competition A smaller office building with less expensive wood paneling may not attract high enough rents to justify the project.
Start-to-start The successor task can start as soon as the predecessor task starts. The example shows a painting company, painting all the rooms on one floor of an office building. After the first room is prepared, both the prep crew and the paint crew can be working at the same time. Overlapping the tasks reduces the total duration of the project.
At a recent conference, the mayors of major cities within the United States indicated that they are pushing for legislation to make their cities sustainable. A resolution was passed that calls for all buildings to be carbon neutral by 2030. Many of the mayors called for the federal government to pass energy and green building legislation, with economic aid and incentives to fund these initiatives and programs. Chicago has over 3 million square feet of green roofs, and four platinum certified buildings, the largest number in the nation. New York City has its first platinum LEED new commercial office building being constructed, the Bank of America Tower at Bryant Park. The city of Austin, Texas, has passed legislation that all new single-family homes constructed after 2015 will have to be zero energy capable. This means that the home will have to be self-sufficient and produce as much energy as it consumes. Even smaller cities, such as Grand Rapids, Michigan, have passed legislation...
Most cost price calculation procedures, for instance SVINSK which is in use in our faculty, are based on regression analysis. The so-called REN-norms, giving cost price calculation rules, for office buildings, constitute another example. The term 'norms' is misleading, because they represent actually no more than averages of executed building projects. As a result, they tend to be used as norms for evaluating designs in terms of efficiency, ratios on usable floor space, etc.
11 A website (Davis Langdon Australasia, 2002) gives international cost comparison data for the third quarter of 2000 for average standard high-rise office buildings, as follows Auckland, 732 Hong Kong, 1430 Singapore, 950 Kuala Lumpur, 425 Manila, 600 Johannesburg, 320 San Francisco, 890 London, 2463 New York City, 970. All of these data are given in terms of US per square metre of floor area, for comparison purposes. Discuss reasons for these widely varying conceptual cost unit price estimates in different cities.
Construction of urban developments, such as office buildings, shopping centers, apartment buildings, hotels, hospitals, and sporting complexes. Landmark projects have included the 430 million Sydney Olympic Stadium. It is currently re-building the UK's iconic sporting venue Wembley National Stadium.
In a situation where the project can't deliver the complete product by the deadline, there is still the possibility that it might deliver some useful part of it. Information systems composed of several subsystems, for example, will often implement one subsystem at a time. Tenants can move into some floors in a new office building while there is active construction on other floors, and sections of a new freeway are opened as they are completed rather than waiting for the entire freeway to be complete. Positive. Phased delivery has several benefits
This building project would first appear in the business plan as a marketing or ideation concept or program objective to enter into a commercial building project, consistent with the company's growth plans. Integration of portfolio issues with other company processes requires a planning information system with the following characteristics
The unique nature of projects means every project creates a specific product, service, or result that differentiates it from other products, services, or results. Although repetitive elements may be present in some project deliverables, this does not change the fundamental uniqueness of the project work. For example, many office buildings are constructed with the same or similar materials or by the same team, but each facility is unique with a different design, different location, different contractors, and so on.
One study showed that it cost them four times as much per square foot as local construction by nongovernment purchasers to build a simple office building. Projects were having larger and larger crises, where they would rebaseline, yielding new cost and schedule estimates several times (usually three or more times) larger than the original estimates. They cancelled larger and larger projects because the need was gone before the project was over or because the newly projected cost and schedule estimates changed the cost-benefit equation to where the project no longer
You are the project manager for a construction company that is building a new city and county office building in your city. Your CCB recently approved a scope change. You know that scope change might come about as a result of all of the following except which one 59. You are the project manager for a construction company that is building a new city and county office building in your city. You recently looked over the construction site to determine whether the work to date was conforming to the requirements and quality standards. Which tool and technique of the Perform Quality Control process are you using
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