Actuarial Final Year Project

COMPUTATION MATHEMATICS III leap break through MANAGEMENT CASE STUDY production line computer program ON AN ON GOING intention ON PREMISES ALONG OJIJO ROAD PARK orbitS WEST acresS COUNTY BY NAMEREG NO PERIS WANJIRU. FELIX MAIKO .. LILLIAN REGINA. OJIJO ROAD ESTATE argument intent on-going PROJECT PLAN RESIDENTIAL BY & redact by Felix Maiko Peris Wanjiru Lilian Regina abstract OJIJO ROAD ESTATE BUSINESS PLAN AN ongoing PROJECT PLAN BY Felix Maiko, Peris Wanjiru, Lillian Regina , This compilation consists of the full analysis and financial follow actual xp prohibititure of an on going business depict excogitate along Ojijo road , it is a more ,like we would say sub urban residential theatre . It was actu each(prenominal)(a)y a more of a relocation of the growing population along the old and populate to the brim local estates like the old and bully Park rural beas and Ngara estates . It was majorly accele pass judgmentd with the on-going social organization of the T hika supper highway that provide bring life to the sickly part of the Hesperian part of Nairobi city. It is estimated that by the starting line course of face 30 % of the city leave behind advance from the supper highway directly or indirectly.TABLE OF CONTENTS mention.. objective of study. Executive summary Ian Shihemi and coadjutors.. The excogitate.. hase construction.. Development Budget.. changes protrusion Location.. Market Description..Completion.. deals chthoniantaking Execution of mold design and specification cipher estimates.. preparation of social and contract eals t terminalering. exteriorise anxiety. contract garbage establishment Sales and merchandise abide timelinesDesign for pop the question. construction.. market and flagrant taxation. cite We would like to thank the intact lag of Ian Shihemi and agrees we ar extremely refreshing to our invent coordinator Mr. Wamui and Mr. Njakeez Topali for their choke off , especi wholey Mr.Pet er Octopizzo who assisted us from the beginning to the end of the business examine excogitation and gave guidance and a sense of direction to us. We atomic number 18 very thankful to our lecturer Mr. Nderitu who with all odds barren gave all his time to ensure we got the grip to continue with a computation spirit from the start. Special thanks to my coordinator Ms. bloody shame who helped me in compilation of my survey report, and all those race (customers) who took time kayoed of their busy schedules and gave us the information, which was necessary for the completion of this chuck.These volume wealthy person been instrumental in my research and business contrive work. OBJECTIVES OF THE STUDY The take c atomic number 18 of these business intercommunicate plan was to determine the localise and response to the idea of constructing sub-urban estate in a less or more developing heavens. The important objective was to estimate the actual business plan distinguish expe nditure and the revenue and inter unclutter to be generated from the completion of the actual business plan. The jump out is ongoing and with our data plan and survey it entrust anticipate the eve of next the 3rd division in all likelihood 36 months of hard construction, trustworthy design and pungent sweet outcomes.Description and budget estimates ar done and showed out clearly. . EXECUTIVE SUMMARY This is a project plan for the construction of a high class residential estate comprising of 800 Maiso nettes on a parcel of let down locate along Ojijo road off Thika road, Parklands. The project has been conceived, designed and bequeath be implemented by Ian and co-associates architects. The estimated outgrowth bell for the project is KES 5,600,000,000. 00 by calculations and tiny figure. The project completion period shall take 12 months from ground breaking to hand over.Sales for 800 unit of measurements KES 10,000,000 will be in the take to the woods of KES 8,0 00,000,000. 00 Returns shall be in the twine of KES 2,400,000,000. 00 with make services falling in the eye socket of 43% percent. Ian Shihemi and co-associate architects Ian Shihemi and co-associate architects is a dynamic blank space consulting community specializing in providing a one-stop service for the worry and cultivation of a variety of prop information projects. It provides its thickenings, who whitethorn be property owners, developers or tenants, with the expertise to go by a project through the complex phylogeny process from concept through to building completion.Depending on the requirements of their lymph node, Ian and architects locoweed provide a full or partial consulting service. The comp boths involvement nookie vary from sourcing suitable sites, arranging local empowerment thanksgivings, managing the professional team or providing a boom project management service. The principals behind the firm declare several years experience in scheming a nd managing to completion several projects of mingled natures. THE PROJECT The project comprises the construction of 800 residential units each comprising of 3 chambers for Sale off Ojijo road on a atom measuring just about c acres. 0% to 20% of the vitamin C acres will be set aside for social amenities. The overall writing of the ripening would be one of maximizing on the plot lend oneself whilst maintaining reasonable individual seclusion within a Green Sustainability architecture. PHASED CONSTRUCTION In rate to ease the impact of the overall follow of the ontogenesis it is proposed to carry out the construction in phases to be jointly agreed on with the thickening. individually 1 acre plot will have 9 units. The construction will be phased in 10 phases comprising of 80 units respectively. severally of the phases shall be planned to deliver units that are despatch and ready for occupation. This will facilitate pre-selling of most of the units prior to the end of co nstruction. This would be achieved through pro-active networking with property managers and estates officers in large corporations and go for of the internet. The foregoing will result in further cushioning of the net effect of the bell of financing the project. In stage to enable planning of major infrastructural requirements such as wet storage and foul body of water establishment right from the outset, a master plan of the unblemished development shall be evolved.Thus the capacity of nearly of the facilities whitethorn initially exceed the needs of the accommodation provided, merely this would be done with the full knowledge that the development will grow to fully utilize the facilities provided. adjutant features let in Paved walkways . Safe gated community propinquity Inbuilt car parkings. Extra rain-water storage . deep-rooted landscaped 24-hr. irrigated gardens. Solar power electrical outfit A choice of 3 different designs to require from. The country am bience would further be compound by having strategi keyy planted palm trees which would march the added role of acting as wind breaks.DEVELOPMENT calculate The development budget is as follows 800 3 sleeping accommodation maisonettes in 10 blocks each measuring 9 acres. The development budget entangles professional fees 1 create details Type of houses 3 bedroom Maisonnettes. hoggish floor orbit per building block m2 150m2 twist terms per m2 40,000including external works and consultancy fees Building terms Per Unit including External Works, consultancy fees and Land KES 6,000,000 2 body structure exist breakdown Total Building worksincluding Infrastructure& galvanising Fencing- KES 6,000,000 x 800 = KES 4,800,000,000 3. 00 Land Cost- 100 acres = KES8,000,000. 0 per acre x 100 acres=800,000,000 OVERALL PROJECT COST INCLUDING LAND= 4,800,000,000. 00 + 800,000,000= KES 5,600,000,000. 00 SALES PROJECTIONS 1. 11 Projected sale terms per unit KES 10,000,000. 00 1. 12 Over all sales revenue=800 X 10,000,000= 8,000,000,000. 00 1. 13 unwashed anticipated profit =KES 8,000,000,000. 00- KES 5,600,000,000. 00 =KES 2,400,000,000. 00 1. 14 Gross profit margin 43% As say the houses and flats are readily low- expenditured to middle class kenyans going with the current gross growth and hard effort put crossways striving kenyans to have a place they wawl home.Also fully furnished rooms will be available for an extra fee as declared in the final agreement if signed depending on the financial capability of the renderer LOCATION Ojijo road is placed 5 proceedings drive from Nairobis Central Business District and 5 minutes drive from westlands off Thika road. The estate is connected to the mains water supply from the Nairobi Water and also is substantially connected to electricity supply from KPLC. Developments in this cranial orbit are preponderantly single family residences. The occupancy is preponderantly homeowners.The majority of the buildings here ar e of elegant meter and are good constructed and maintained. MARKET DESCRIPTION prone the proximity of the site to Nairobis CBD, surface as the good communication available along Thika road, the site would realize good returns on a single family residential development. The planned development intends to maximise this potential by creating accommodation that is spacious whilst at the same time making optimum use of the space available. At the moment, there are connatural developments in this area, consisting of single family maisonettes eg K.U BOMA ESTATE. COMPETITION In the neighbourhood of the planned development, there exist several properties which are either owned by the residents or are rental properties. The closest competition perhaps comes from the high-class K. U BOMA Estate and Ngoingwa Estate. SALES PROJECTIONS It is planned that merchandising the development for sale shall baffle before the construction begins. Consequently it is anticipated that by the time t he startle block is completed there shall be an inflow of funds that can either be utilize to start construction of the next phase.The sale terms for each unit has been set at KES 10,000,000. 00. action OF THE PROJECT Ian Shihemi and co-associates will in this provide the client with a full design/build service. This shall include 1. Design and specification Architectural, structural, mechanical and electrical drawings shall be prompt and necessary blessings sought. During the several(a) stages of the design, the client shall be kept fully informed and client sycophancy sought prior to proceeding to the next stage. The engineering science design shall be done by registered engineers low the guidance of Shihemi and co-associates.Detailed specifications shall be developed with close character reference with the client. 2. Project estimates Subsequent to completion of the design, a measure Surveying firm under the guidance of Ian and associate architects shall undertake c onstruction cost estimates for the project for flattery. last giving the final verdict to , if the project should light or stop. 3. Preparation of tender and contract documents afterwards final design has been done and client approval obtained, tender documents shall be drawn up for the oecumenical and specialist contractors.The specialist contract documents shall be disposed(p) with guidance from the relevant engineers. 4. Tendering Selected contractors shall be invited to tender for the various work mail boats. We shall then analyze the tenders returned and forward our passport to the client. 5. Contract documentation With the contractors having been selected, we shall draw up the require contract documents and enter into contract with the contractors on the clients behalf. 6. Project management Subsequent to the contracts organism signed and mobilization to the site, we shall provide superintendence and project management.This will entail ensuring that the project is broug ht in on time and under budget by everlasting monitoring of operations on site and remedying both issues that may prevent timely completion or cause expenditure to exceed the budget. 7. Contract boldness We shall handle all matters relating to the various contracts including exclusively non limited to stage payments, performance bonds, extensions of time and relationships mingled with the various trades involved in the projects execution. 8. Sales and marketingIn conjunction with an estate agency sanctioned by the client, we have produced a presentation sheaf to be used in the sales and marketing of the units. PROJECT TIMELINES a) Design to Tender The design to tender process will take a match of 1 month. This will include commissioning of all engineering design, preparation of bills of quantities and obtaining of all relevant approvals for the development. b) social organization Construction of the entire project is estimated to take a maximum of 36 months.Actuarial Final socio-economic class ProjectCOMPUTATION MATHEMATICS III PROJECT MANAGEMENT CASE STUDY BUSINESS PLAN ON AN ON GOING PROJECT ON PREMISES ALONG OJIJO ROAD PARKLANDS WESTLANDS COUNTY BY NAMEREG NO PERIS WANJIRU. FELIX MAIKO .. LILLIAN REGINA. OJIJO ROAD ESTATE BUSINESS PLAN ONGOING PROJECT PLAN RESIDENTIAL BY & edited by Felix Maiko Peris Wanjiru Lilian Regina abstract OJIJO ROAD ESTATE BUSINESS PLAN AN ONGOING PROJECT PLAN BY Felix Maiko, Peris Wanjiru, Lillian Regina , This compilation consists of the full analysis and financial come actual xpenditure of an on going business project plan along Ojijo road , it is a more ,like we would say sub urban residential area . It was actually a more of a resettlement of the growing population along the old and inhabit to the brim local estates like the old and good Parklands and Ngara estates . It was majorly accelerated with the ongoing construction of the Thika supper highway that will bring life to the sickly part of the horse opera part of Nairobi city. It is estimated that by the first year of construction 30 % of the city will imbibe from the supper highway directly or indirectly.TABLE OF CONTENTS Acknowledgement.. objective of study. Executive summary Ian Shihemi and associates.. The project.. hase construction.. Development Budget.. Sales gibbousness Location.. Market Description..Completion.. Sales protuberance Execution of Project design and specification project estimates.. preparation of tender and contract eals tendering. project management. contract administration Sales and marketing Project timelinesDesign for tender. construction.. market and sales. Acknowledgement We would like to thank the entire staff of Ian Shihemi and associates we are extremely grateful to our project coordinator Mr. Wamui and Mr. Njakeez Topali for their resist , especially Mr.Peter Octopizzo who assisted us from the beginning to the end of the business project plan and gave guidance and a sense of direction to us. We are ve ry grateful to our lecturer Mr. Nderitu who with all odds barren gave all his time to ensure we got the grip to continue with a computation spirit from the start. Special thanks to my coordinator Ms. bloody shame who helped me in compilation of my survey report, and all those people (customers) who took time out of their busy schedules and gave us the information, which was ingrained for the completion of this project.These people have been instrumental in my research and business project work. OBJECTIVES OF THE STUDY The decision of these business project plan was to determine the rate and response to the idea of constructing sub-urban estate in a less or more developing area. The main objective was to estimate the actual business plan come expenditure and the revenue and profit to be generated from the completion of the actual business plan. The project is ongoing and with our data plan and survey it will envision the eve of next the 3rd year likely 36 months of hard construct ion, good engineering and erosive sweet outcomes.Description and budget estimates are done and showed out clearly. . EXECUTIVE SUMMARY This is a project marriage offer for the construction of a high class residential estate comprising of 800 Maisonettes on a parcel of land situated along Ojijo road off Thika road, Parklands. The project has been conceived, designed and will be implemented by Ian and co-associates architects. The estimated development cost for the project is KES 5,600,000,000. 00 by calculations and on the nose figure. The project completion period shall take 12 months from ground breaking to hand over.Sales for 800 Units KES 10,000,000 will be in the hurl of KES 8,000,000,000. 00 Returns shall be in the range of KES 2,400,000,000. 00 with gross profits falling in the range of 43% percent. Ian Shihemi and co-associate architects Ian Shihemi and co-associate architects is a dynamic property consulting family specializing in providing a one-stop service for the m anagement and development of a variety of property development projects. It provides its clients, who may be property owners, developers or tenants, with the expertise to melt a project through the complex development process from concept through to building completion.Depending on the requirements of their client, Ian and architects can provide a full or partial consulting service. The companys involvement can vary from sourcing suitable sites, arranging local pronouncement approvals, managing the professional team or providing a complete project management service. The principals behind the firm have several years experience in conniving and managing to completion several projects of various natures. THE PROJECT The project comprises the construction of 800 residential units each comprising of 3 bedrooms for Sale off Ojijo road on a sleeve measuring just about 100 acres. 0% to 20% of the 100 acres will be set aside for social amenities. The overall idea of the development wou ld be one of maximizing on the plot use whilst maintaining reasonable individual loneliness within a Green Sustainability architecture. PHASED CONSTRUCTION In order to ease the impact of the overall cost of the development it is proposed to carry out the construction in phases to be jointly agreed on with the client. Each 1 acre plot will have 9 units. The construction will be phased in 10 phases comprising of 80 units respectively.Each of the phases shall be planned to deliver units that are complete and ready for occupation. This will facilitate pre-selling of some of the units prior to the end of construction. This would be achieved through pro-active networking with property managers and estates officers in large corporations and use of the internet. The foregoing will result in further cushioning of the net effect of the cost of financing the project. In order to enable planning of major infrastructural requirements such as water storage and foul water disposal right from the outset, a master plan of the entire development shall be evolved.Thus the capacity of some of the facilities may initially exceed the needs of the accommodation provided, but this would be done with the full knowledge that the development will grow to fully utilize the facilities provided. extension features include Paved walkways . Safe gated community approach Inbuilt car parkings. Extra rain-water storage . ingrained landscaped 24-hr. irrigated gardens. Solar power electrical equip A choice of 3 different designs to shoot from. The country ambience would further be enhance by having strategically planted palm trees which would allot the added role of acting as wind breaks.DEVELOPMENT compute The development budget is as follows 800 3 bedroom maisonettes in 10 blocks each measuring 9 acres. The development budget includes professional fees 1 Building details Type of houses 3 bedroom Maisonnettes. Gross floor area per Unit m2 150m2 Building Cost per m2 40,000includi ng external works and consultancy fees Building Cost Per Unit including External Works, consultancy fees and Land KES 6,000,000 2 Construction cost breakdown Total Building worksincluding Infrastructure& galvanizing Fencing- KES 6,000,000 x 800 = KES 4,800,000,000 3. 00 Land Cost- 100 acres = KES8,000,000. 0 per acre x 100 acres=800,000,000 OVERALL PROJECT COST INCLUDING LAND= 4,800,000,000. 00 + 800,000,000= KES 5,600,000,000. 00 SALES PROJECTIONS 1. 11 Projected sale price per unit KES 10,000,000. 00 1. 12 Overall sales revenue=800 X 10,000,000= 8,000,000,000. 00 1. 13 Gross anticipated profit =KES 8,000,000,000. 00- KES 5,600,000,000. 00 =KES 2,400,000,000. 00 1. 14 Gross profit margin 43% As stated the houses and flats are readily low-cost to middle class kenyans going with the current gross growth and hard effort put across striving kenyans to have a place they call home.Also fully furnished rooms will be available for an extra fee as stated in the final agreement if signed d epending on the financial capability of the renderer LOCATION Ojijo road is situated 5 minutes drive from Nairobis Central Business District and 5 minutes drive from westlands off Thika road. The estate is connected to the mains water supply from the Nairobi Water and also is tardily connected to electricity supply from KPLC. Developments in this area are predominantly single family residences. The occupancy is predominantly homeowners.The majority of the buildings here are of high-class specimen and are well constructed and maintained. MARKET DESCRIPTION devoted the proximity of the site to Nairobis CBD, well as the good communication available along Thika road, the site would realize good returns on a single family residential development. The planned development intends to maximise this potential by creating accommodation that is spacious whilst at the same time making optimum use of the space available. At the moment, there are same developments in this area, consisting of single family maisonettes eg K.U BOMA ESTATE. COMPETITION In the locality of the planned development, there exist several properties which are either owned by the residents or are rental properties. The closest competition perhaps comes from the high-class K. U BOMA Estate and Ngoingwa Estate. SALES PROJECTIONS It is planned that marketing the development for sale shall commence before the construction begins. Consequently it is anticipated that by the time the first block is completed there shall be an inflow of funds that can either be apply to start construction of the next phase.The sale price for each unit has been set at KES 10,000,000. 00. doing OF THE PROJECT Ian Shihemi and co-associates will in this provide the client with a full design/build service. This shall include 1. Design and specification Architectural, structural, mechanical and electrical drawings shall be prepared and necessary approvals sought. During the various stages of the design, the client shall be kep t fully informed and client approval sought prior to proceeding to the next stage. The engineering design shall be done by registered engineers under the guidance of Shihemi and co-associates.Detailed specifications shall be developed with close denotation with the client. 2. Project estimates Subsequent to completion of the design, a primitive Surveying firm under the guidance of Ian and associate architects shall undertake construction cost estimates for the project for approval. at long last giving the final verdict to , if the project should commence or stop. 3. Preparation of tender and contract documents after final design has been done and client approval obtained, tender documents shall be drawn up for the customary and specialist contractors.The specialist contract documents shall be prepared with guidance from the relevant engineers. 4. Tendering Selected contractors shall be invited to tender for the various work packages. We shall then analyze the tenders returned a nd forward our good word to the client. 5. Contract documentation With the contractors having been selected, we shall draw up the call for contract documents and enter into contract with the contractors on the clients behalf. 6. Project management Subsequent to the contracts existence signed and mobilization to the site, we shall provide superintendence and project management.This will entail ensuring that the project is brought in on time and under budget by unvaried monitoring of operations on site and remedying any issues that may prevent timely completion or cause expenditure to exceed the budget. 7. Contract administration We shall handle all matters relating to the various contracts including but not limited to stage payments, performance bonds, extensions of time and relationships betwixt the various trades involved in the projects execution. 8. Sales and marketingIn conjunction with an estate agency authorize by the client, we have produced a presentation package to be used in the sales and marketing of the units. PROJECT TIMELINES a) Design to Tender The design to tender process will take a total of 1 month. This will include commissioning of all engineering design, preparation of bills of quantities and obtaining of all relevant approvals for the development. b) Construction Construction of the entire project is estimated to take a maximum of 36 months.