...For construction projects, quality control means making sure things are done according to the plans, specifications, and permit requirements. Quality is defined as 'fitness to purpose', in regards to how quality is significant for Bull’s Construction. It means providing a building that has an appropriate quality for the purpose for which it is intended. Moreover, a different way of looking at this concept is that the price of the building could potentially reflect the expectations of quality. A cheaper building probably uses inferior materials and is likely to be less attractive and less durable. Quality control in construction typically involves insuring compliance with minimum standards of material and workmanship in order to insure the performance of the facility according to the design. These minimum standards are contained in the specifications described in the previous section. For the purpose of insuring compliance, random samples and statistical methods are commonly used as the basis for accepting or rejecting work completed and batches of materials. Rejection of a batch is based on non-conformance or violation of the relevant design specifications. Procedures for this quality control practice are described in the following sections. One of the elements that our company will be utilizing to assure a quality measurement process for our projects is an inspector. An inspector tries to ensure that the job is done right the first time and that no major accidents occur...
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...University of Santo Tomas College of Commerce and Business Administration Espana, Manila A Strategic Management Paper Presented to: Mr. Real C. So In Partial Fulfillment of the Requirements for the Course Strategic Management (Entre 7) Presented by: Miguel O. Rodil 4M7 February 2012 2|Page I. EXECUTIVE SUMMARY 3|Page II. TABLE OF CONTENTS 4|Page III. ACKNOWLEDGEMENT 5|Page IV. INTRODUCTION 6|Page V. EXTERNAL ENVIRONMENT ANALYSIS 1. Definition of Industry Table 5.1 Real Estate Industry Classification Industry Supersector Sector Subsector 8000 Financials 8600 Real Estate 8630 Real Estate Investment and Services 8633 Real Estate Holding and Development Industries are the circles in the supply chain diagram. Each industry is a set of firms that operate in the same space in a supply chain, competing to control some of the space and so capture value. Industries have structure, history/trajectories and competitive dynamics that set the context for new entrants. In the Real-Estate Industry organizations primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services. Companies that invest directly or indirectly in real estate through development, investment or ownership. Excludes real estate investment trusts and similar entities, which are classified...
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...Name of the Project: Highway 407 improvement Executive summary In 2013, following 3 years of program definition, research and planning, the province of Ontario’s ministry of transportation and infrastructure launched the project to improve the existing highway 407. This highway is the busiest route and convenient to access different parts of Toronto. The proposal of highway 407 was launched in 1959 and opened to the public in June 7 1997. 407 its one of the busiest highway, the total trips in 2010 was 114.691 Million. 407 ETR is the world’s first all-electronic toll road of its kind, and from the day it was opened up to the present day it continues to fulfill its mission of relieving traffic on local highways and roads. The goal of the project “Highway 407 improvement” includes reducing congestion and travel time; improve safety; expanding networks and transportation choice for high occupancy vehicles. Given the cost of the project and other provincial priorities, a key objective was to be self-financing, paid for through ERT system. The present value cost is estimated more than $5 billion, which is calculated over the period of 35 years. Key features of the project include extending the high occupancy vehicles lanes and commercial vehicle priority access. The project will also provide the reintroduction of the public transit to a corridor that has been too crowded to support reliable service for the past few years. The request of proposal was submitted on...
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...Tsurkan 2010 Abstract and Company background AFI Development is a leading developer of unique large-scale projects in Moscow, the Russian regions, Ukraine and the CIS. Established in 2001, AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets including offices, shopping centers, hotels, mixed-use properties, and residential projects. The Company's strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favourable return. In May 2007, AFI Development was successfully admitted to the Main Market of the London Stock Exchange. Through its IPO the Company raised a total of approximately US$1.4 billion. The Company delivers shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction, and quality and customer service. AFI Development has a portfolio of 34 residential, commercial and mixed-use real estate projects in 20 locations throughout Russia and Ukraine, altogether comprising over 3.8 million square meters under development. 90% of the Company's projects are based in Moscow and represent 95% of Net Asset Value. The projects include office, retail and residential premises, multi-functional complexes and hotels in Moscow, St. Petersburg, Perm, Volgograd, Kislovodsk, Zheleznovodsk and Kiev. Main projects: 1. AFIMALL CITY AFIMALL CITY is a shopping and...
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...History Matrix Concepts Holdings Berhad, An investment holding company, mainly engaged in real estate development in Malaysia. It does this by three parts: property development, education, and a clubhouse. The company develops, build and sell residential, commercial, industrial, leisure, and institutional property; management of private and international schools; and management and operation of the club. It is also involved in the sale of land; investment property; purchase of building materials; and providing landscape management, project management, management and administrative services. The company was founded in 1996 and is headquartered in Seremban, Malaysia.Matrix Concepts Holdings Berhad, a Negeri Sembilan according to property developers, it has earned a reputation for developing quality and affordable residential and commercial buildings since its incorporation in 1997.So far, the formation of a strong track record of completed development projects worth over one billion US dollars RM2.4 gross development value (GDV) of about 1900 acres of land in Negeri Sembilan and Johor. Part (A) Operations Management is the management of business practices to create the highest level of efficiency in the organization. The purpose of the operational management is the conversion of materials and labor into commodities and services as much as possible to maximize the profits of such an organization. Direct responsibility method individual or team, is responsible...
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...(a) Question: Using the Strategic Management model discuss its application in a certain organization in Kenya that deals with projects. Strategic Management Model Definition: Strategic management is an ongoing process that evaluates and controls the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly [i.e. regularly] to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment.” Types of Strategic Management Models • Basic strategic planning model • Alignment strategic planning model • Goal-based or issue-based strategic planning model • Self-organizing or organic strategic planning model • Scenario strategic planning model Organization The organization chosen is Acorn Properties Limited, which is a limited company, incorporated in Kenya with its head office in Nairobi. Acorn is a real estate investment company offering solutions that range from project management to development and acquisition partnership in the Kenyan real estate sector. The company uses a combination of Goal-based or issue-based strategic planning and Alignment Strategic Planning model. Contents of their strategic plan 1. Company’s...
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...this report was a great opportunity for us to apply our theoretical expertise, sharpen our view and ideas. Finally, we are very thankful to you for giving us an effective topic to prepare our report and we are waiting eagerly for any kind of question you may have concerning our report. Sincerely yours On Behalf of our Group ………………………. Sameya Azad This is high time we conveyed our deepest gratitude and sincere submission to the Almighty ALLAH for giving us the opportunity to accomplish such an enjoyable task of preparing this report in time. We express our thanks to our dear course teacher Mrs. Farzana Lalarukh for assigning us a report dealing with the Real estate sector and detail business plan of project developer and land developer in Bangladesh. In this regard, we would also like to thank ourselves for our good teamwork and successful team spirit. Without co-operation and the support from each other, it would not be possible to prepare a resourceful report. The presentation of this formal study paper is of a great expectation in our BBA program and we are...
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...De La Salle University - Manila College of Business A Strategic Management Paper on SM Development Corporation Submitted by: Encarnacion. Lipana. Raymundo. Rey. Soriano. EXECUTIVE SUMMARY SM Development Corporation (SMDC) was originally incorporated on July 12, 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took ownership of the company. After which, it stayed as an investment company that managed its investment thru diverse businesses in the country. In May 1996, SM Fund, Inc. was again renamed to SM Development Corporation to better state its new business of property development, whose focus is primarily to enter into the opportunities of the real estate industry. The paper aims to provide a comprehensive analysis on SM Development Corporation’s industry as one of the leading property development companies in the Philippines. Currently, the company is at full-swing with their openings of new condominiums for students, vacationers and business people depending on its location. SMDC has proven to be able to respond to buyers their locations are friendly to their target market and their price range is more affordable while amenities are not constrained. In order for the company to keep its head above their competitors, strategic management should be done. In line with this, the paper will be focusing on details such as the SWOT analysis, financial analysis and the different matrices...
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...2003. The increase in 2004 compared to 2003 was 29.4%. Pakistan earned US $ 185.6 million in 2004. Tourism plays an important role in the regional development. It has been estimated that more than half of the total income earned by the people in the tourist sector is from relatively under-developed areas like Murree, Gilliat, Swat, Ziarat, Abbottabad, Kaghan, Naran and Azad Kashmir For tourists in Pakistan, there are currently 1151 hotels/motels with 37391 rooms and 188 air-conditioned restaurants with a seating capacity of 20,639 available. From the economic point of view, the Tourism Sector plays a major role in enhancing trade opportunities, improving balance of payment, boosting employment and developing the Regions. INTRODUCTION OF AL’BA’ITH MANAGEMENT Al’Ba’ith is a Management firm specializing in the hospitality, food service, franchise, hotel and club businesses. We intend to build a first class tourist resort with a hotel, motel, tourist club, shopping mall and other allied facilities. Al Ba’ith Management consulting is a hospitality services firm founded to provide senior level advice to public and private sectors on urban development and planning. We are highly experienced and uniquely qualified international advisory and Management Company that specializes in hotel and resort development, quality assurance assessments and guest satisfaction surveys. OUR VISION...
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...Total Quality Management Vol. 21, No. 9, September 2010, 953 –969 Barriers and benefits of quality management in the construction industry: An empirical study Peter Hoonakkera∗ , Pascale Carayona,b and Todd Loushinec a Center for Quality and Productivity Improvement (CQPI), University of Wisconsin-Madison, Madison, USA; bDepartment of Industrial and Systems Engineering University of WisconsinMadison, Madison, USA; cDepartment of Mechanical and Industrial Engineering University of Minnesota-Duluth, Duluth, USA In this paper we discuss the problems of defining quality in the construction industry, examine possible benefits of implementing quality, and look at barriers to quality implementation in construction. We use data collected during interviews with contractors and data from questionnaire surveys. Results show that contractors do understand the potential benefits of quality implementation but that there are also many barriers to implementation. We describe recent developments that might help to overcome the barriers. However, the different actors in construction need to understand that change is a slow and often painful process and that much effort is required to implement quality in construction industry. Keywords: quality management; construction industry; interview; survey Introduction During the past decades the construction industry has been criticised for its poor performance and productivity in relation to other industries (Alarcon & Ashley, 1992; Forbes, 1993;...
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...Australia’s Dynamic Water Industry Fostering excellence in water management About this publication Australia has a unique water challenge. Increasing variability in extreme climate conditions has required governments, industry and citizens to prioritise water management. This focus has led to distinctive approaches, changes in governance, behavioural change and technology innovation. Australia’s experience and approach to addressing water management challenges is regarded as among the most progressive in the world. This publication has been prepared by the Australian Water Association, with the support of the Australian Trade Commission (Austrade), the Department of Innovation, Industry, Science and Research (DIISR ), waterAUSTR ALI A and industry partners to illustrate some of the innovative solutions developed by Australian business and research groups that have built resilience to water management by urban, agricultural and industrial sectors across Australia. June 2011 (10-11-92) Disclaimer This publication has been prepared as a general overview. It is not intended to provide an exhaustive coverage of water innovation in Australia. The information is made available on the understanding that the Australian Trade Commission (Austrade), the Department of Innovation, Industry, Science and Research and the Australian Water Association (the parties) are not providing professional advice. Therefore, while all care has been taken in the preparation of the report...
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...Construction Management and Economics (April 2010) 28, 377–391 Perception of various performance criteria by stakeholders in the construction sector in Hong Kong IVAN K.W. LAI1* and FRANKIE K.S. LAM2 1 2 Faculty of Management and Administration, Macau University of Science and Technology, Macau International Graduate School of Business, University of South Australia, Adelaide, Australia Taylor and Francis Received 8 March 2009; accepted 1 December 2009 10.1080/01446190903521515 All construction projects in Hong Kong have in common a cast of key contract participants, consisting of clients, consultants (designers) and contractors. The aim of this research is to examine, from different points of view, these practitioners in regard to the importance of perceived performance criteria and their respective performance outcomes in a construction project. A research model is structured based on nine performance criteria and their respective performances. The data were collected from 324 practitioners who have participated in construction projects in Hong Kong. One-way analysis of variance (ANOVA) and repeated measures ANOVA are used to analyse the data. The relative importance of nine performance criteria and their performances are measured. Timely completion of the project is the most important performance criterion, followed by profit, environmental protection and quality. There are differences in the importance of the performance criteria with respect to performance...
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...Construction Management and Economics (April 2010) 28, 377–391 Perception of various performance criteria by stakeholders in the construction sector in Hong Kong IVAN K.W. LAI1* and FRANKIE K.S. LAM2 1 2 Faculty of Management and Administration, Macau University of Science and Technology, Macau International Graduate School of Business, University of South Australia, Adelaide, Australia Taylor and Francis Received 8 March 2009; accepted 1 December 2009 10.1080/01446190903521515 All construction projects in Hong Kong have in common a cast of key contract participants, consisting of clients, consultants (designers) and contractors. The aim of this research is to examine, from different points of view, these practitioners in regard to the importance of perceived performance criteria and their respective performance outcomes in a construction project. A research model is structured based on nine performance criteria and their respective performances. The data were collected from 324 practitioners who have participated in construction projects in Hong Kong. One-way analysis of variance (ANOVA) and repeated measures ANOVA are used to analyse the data. The relative importance of nine performance criteria and their performances are measured. Timely completion of the project is the most important performance criterion, followed by profit, environmental protection and quality. There are differences in the importance of the performance criteria with respect to performance...
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...of real investment are: 1. Fixed assets; 2. Real estate; 3. Inventories; 4. Intangible assets; 5. Research and development work: 6. Training and skills development. It should be noted that the cost of the last two objects, namely, research and development work, as well as training and skills development relate to investments, if they are carried out within the framework of the investment project. The objects of financial investments are: 1. Securities; 2. Bank deposits; 3. Foreign currency; 4. Hoarding objects (precious metals and precious stones, articles made of them, as well as products of the collection of demand). The real investment plays an important role in the development and effective functioning of the economy. This is evident from the definition of gross and net investment. Gross investment is the total amount of real investment in a certain period, to the construction, purchase of capital goods and an increase of commodity-material values. These costs are carried by investors due to: a) Equity (profit and depreciation); b) The borrowed funds (proceeds from issuance of shares and equity contributions); c) Loans (loans, bond issues, etc.). Net investment is gross investment amount reduced by the amount of depreciation in the period under review. Dynamics of net investment reflects the character of economic development on a particular juncture. If the sum of net investment is negative, (gross investment is less than the sum of depreciation)...
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...Services 2.3 Regional Operations 2.4 Management Responsibilities 2.5 Organizational Structure as whole and per department Section 3. Journey Milestone Section 4. Application and Scope 4.1 Application 4.2 Scope of the Quality Management System Section 5. The Quality Management System 5.1 QMS Mandate 5.2 Description of QMS 5.3 Process Model Section 6. Quality Policy Section 7. Measurement, Analysis and Improvement 7.1 General 7.2 Monitoring and Measurement 7.2.1 General 7.2.2 Customer Satisfaction 7.2.3 Internal Audit 7.2.4 Monitoring and Measurement of Processes 7.2.5 Monitoring and Measurement of Product 7.3 Control of Non-Conformin Products 7.4 Analysis of Data 7.5 Improvement 7.5.1 Continual Improvement 7.5.2 Corrective Action 7.5.3 Preventive Action Section 8. Procedures 8.1 Control of Documents, DPWH-QMSP-01 8.2 Internal Quality Audit, DPWH-QMSP-03 8.3 Corrective Action, DPWH-QMSP-05 8.4 Preventive Action, DPWH-QMSP-06 Section 9. Appendices I. INTRODUCTION PROFILE The Department of Public Works and Highways (DPWH) is the state’s engineering and construction arm. As a public service agency, its primordial concern is to find the most effective and efficient ways to service its clientele- the Filipino people. The DPWH is one of the largest organizations in the executive branch in terms of size and budget. It is composed of six (6) Bureaus, nine (9) Services, 16 Regional Offices, 182 District Engineering Offices and 20 Project Management Offices. It is blessed with having...
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