Modular Building Technologies Facilitate Multi-Family Construction Projects

Commercial multi-family builders save time, save money, and increase quality when they choose modular building technology. Commercial buildings not familiar with modular construction first need to learn about and understand the numerous benefits realized by using systems-built modular construction. Modular buildings are constructed using conventional building practices and materials with one significant difference. The construction…

Commercial multi-family builders save time, save money, and increase quality when they choose modular building technology. Commercial buildings not familiar with modular construction first need to learn about and understand the numerous benefits realized by using systems-built modular construction.

Modular buildings are constructed using conventional building practices and materials with one significant difference. The construction takes place inside a climate controlled factory where production staff turns out completely complete modules. While the modules get shipped to the job site via truck, there is there is nothing temporary about a hotel, student housing apartment complex, or an assisted living facility built with modular construction. Once the modules arrive on site, they are set and finished.

Examples of Commercial Multi-Family Projects

DeLuxe Building Systems, a Pennsylvania based modular server, maintains an up-to-date portfolio that shows what's possible with modular. Here are some samples.

  • The Sandals Royal Bahamian Hotel in Nassau, Bahamas is a six story, 210 unit hotel contracting 181,173 square feet.
  • The Muhlenberg College features a modular student housing complex with 60 units across four stories and 25, 920 square feet.
  • The Bellmawr senior living facility in Bellmawr, NJ is a three story, 130 unit modular apartment project that includes 114, 919 square feet.

Looks a lot like any other form of construction, does not it? You may also be surprised to learn that some of those projects include steel framing. Modular construction using steel can be used for buildings up to 12 stories.

Modular Construction Benefits

Now that we have a better understanding of what modular building technology can achieve, we can focus on some of the benefits of building with modular. Save time and meet your deadlines. Modular construction happens year round in a climate controlled environment regardless of weather conditions. Modular construction may cut construction time up to 50% compared to traditional construction practices.

Save money. Shorter construction times mean projects recognize cash flow sooner and lessen the duration of construction loans. Since most of the building materials are stored in an off-site factory, there will be less work site theft. And depending on the type of project, modules arrive at the job site up to 85% complete.

Increase quality. When protected by a factory roof, raw materials are protected from common problems, such as rot and warp. With modular construction, quality is built into each project, not inspected in, and each step of the modular construction process incorporates consistent building practices.

Before you start that next hotel, student housing, apartment complex, housing development, or retirement facility, consider modular construction. You might be surprised.

Condo Conversion Business Plans

A condo conversion is a true business, so you need a traditional business plan to make it go smoothly. A business plan helps you know what course you are working to be on, and it helps you to stay on that course. It forces you to think about, decide, and commit to paper what you…

A condo conversion is a true business, so you need a traditional business plan to make it go smoothly. A business plan helps you know what course you are working to be on, and it helps you to stay on that course. It forces you to think about, decide, and commit to paper what you are trying to do, why, how, when, with what. It forces you to get specific. It forces you to make goals and break them up into smaller steps. It forces you to be accountable and actually take those steps. It helps you know what values ​​you stand for and how to put those values ​​into practice.

Completing a condo conversion is more than just real estate investing, it is a business. For that matter, every kind of real estate investing should be thought of as a business. Running a business without a formal business plan is financial suicide. That would be akin to flying an airliner without a flight plan. Flying without one is very dangerous and you'll be asking for trouble, so take the time to write a business plan. Not only should you write one for you conversion project, you write one for any other investing you do and any other business you create.

You need to have two business plans for your condo conversion from the very beginning. The first is for you, and possibly for your investors or partners. This is a regular business plan that includes your budget, timeline, marketing plan, bios of key players, and all the other stuff you'll find in a typical business plan. The regular business plan is a forward-looking, long-term, living document. You do not just create it and forget it. You revisit and rewrite it often. You look at it at least once a month. It grows and changes as your goals, key players, and market do.

The second business plan is a more specific plan for the banks and investors from what you hope to get money. This version of the business plan is more of a sales presentation, a well-designed snapshot of how great you and your project are. You'll create this once at the beginning of each conversion project, and use it to show bankers or potential investors that A. You and your team know what you're doing, and B. The project will be very profitable. The idea is that after seeing it they'll want to lend you money or invest in your venture.

Mechanic’s Lien Advisor – How Should You Itemize the Amounts in Your Mechanic’s Lien Claim?

In most cases, it is perfectly legitimate to simply insert a lump sum amount owed in the mechanic's lien form and leave it at that. There are some minor instances in which states require an itemization, but the majority of states do not do so. As an example, your mechanic's lien might read: “The amount…

In most cases, it is perfectly legitimate to simply insert a lump sum amount owed in the mechanic's lien form and leave it at that. There are some minor instances in which states require an itemization, but the majority of states do not do so. As an example, your mechanic's lien might read: “The amount claimed is $ 17,432.00, plus interest at the legal rate from an after July 15, 2008.”

But should you add more detail? In my opinion, you should. The more detailed your explanation, the more chance of being paid. If a person has a genuine uncertainty as to your claim, there will be a referral to write you a check. Alternately, if you lay out the various amounts, they might be more willing to pay the undputed amounts.

A simple way to itemize the amounts is found in many of the standard mechanic's liens on the internet. Here is an example.

Amount Owing: As of the date below, the sum of:

$ ___________, itemized:

Total Owed / Billed on Base Contract for Entire Job:

$ ____________

All Extras:

$ ____________

Less All Payments (Invoices attached-Optional):

$ ____________

If you want to go further, you can do a breakdown of the amounts owed on the base contract, and then list every change order, by number, that has not been paid, with a brief description.

Alternately, you can simply attach one or more invoices which lay it out, with more particularity. This is especially the case with signed change orders – include them. But be careful about attaching too much paper, because each page is charged separately by the recorder. Good luck.

More Dubai Commercial Property Reaches Completion at Jumeirah Lake Towers

Hot on the heals of the news that Cayan Business Center is preparing for handover at TECOM, comes word from developers Reef Real Estate Investment that its recently completed commercial offering is now awaiting occupants for this stunning Dubai property project. As detailed before in previous blogs, Dubai is currently suffering from a large lack…

Hot on the heals of the news that Cayan Business Center is preparing for handover at TECOM, comes word from developers Reef Real Estate Investment that its recently completed commercial offering is now awaiting occupants for this stunning Dubai property project. As detailed before in previous blogs, Dubai is currently suffering from a large lack of ready and completed freehold commercial property and office space which companies can use for their Dubai operations. Many projects have met with delay, and numerous planned off plan property projects have been canceled due to lack of credit availability.

This combined with experts is now reporting a very large switch in what type of property investors are seeking out is leading to increased demand and lowered supply in the marketplace. Short term speculative investors are now leaving the market with a much stronger interest from long term investors and end users. The results of this have seen ready completed and well located office space become even more highly thought after than previously.

Therefore completed freehold commercial Dubai properties coming to market at this time are much needed and as a result are very well taken in the Dubai real estate market, which makes the timing of Reef Commercial Tower's completion all the more better. Located at the already popular Jumeirah Lake Towers development, the G + 32 tower will provide a good range of commercial space plus some other luxuries that would not be expected. Included in this is a luxury spa run by world renovated spa management specialists WTS International.

Reef Commercial Tower should go some way to easing the lack of supply currently being witnessed in the commercial sector, but the sooner other similar projects at the likes of Business Bay and Jumeirah Lake Towers come to completion, the better. One benefit of this lack of available completed office space is that, so far at least, commercial property has avoided the large price drops seen in residential freehold property, and this is set to continue through 2009 according to predictions. So those looking for freehold office space would do well to make the jump into a well situated property like Reef Commercial Tower or another similar JLT property as soon as possible.

Mechanic’s Lien Source Book – Can You Include Damages in Your Mechanic’s Lien Claim?

A mechanic's lien is a powerful device to enforce payment on a construction project. But is there a limit to the amount you can claim? What about damages for breach of contract? I am not aware of any state which would allow direct or consequential damages to be inserted into a mechanic's lien. The reason…

A mechanic's lien is a powerful device to enforce payment on a construction project. But is there a limit to the amount you can claim? What about damages for breach of contract?

I am not aware of any state which would allow direct or consequential damages to be inserted into a mechanic's lien. The reason is that such claims are strictly limited to the labor, materials, and equipment submitted to the project which results in some form of permanent improvement. Your damages, over and above the amount owed on the contract and change orders, would be outside this scope.

Here are some examples of damages which could not be included :

o Loss of profits on other jobs. As a result of not being paid $ 10,000, you were unable to use that money to advance labor and materials for another large job you were just awarded. You had to turn that job down and lost a profit.

o Lack of productivity. Assume there have been so many changes and miscommunications on the job that you had to start, stop, mobilize, demobilize, expand, shrink, fabricate, re-fabricate, and change your work force and productivity. You have lost countless hours and had to pay your employees out of pocket. This is typically not included in the mechanic's lien.

o Delay damages. You have been delayed in the start of the project as well as during the course of construction.

o Extended overhead. The architect has made so many changes to that you have been on the job much longer than expected and have had to carry a basic overhead.

It is important to remember that although these items may not be included in your lien, you can include them in a lawsuit or arbitration for breach of contract and consequential damages against the person you have your contract with.

Mechanic’s Liens – Friday’s Free Form – Notice of Intent to Lien – General Contractor

How many times have you been in this situation: You are owed money on a construction project and are thinking of filing a mechanic's lien. But you know that after filing it there will begin a serious dispute process, and probably involving the hiring of lawyers on each side. You would like to send a…

How many times have you been in this situation: You are owed money on a construction project and are thinking of filing a mechanic's lien. But you know that after filing it there will begin a serious dispute process, and probably involving the hiring of lawyers on each side. You would like to send a notice to the other side telling them that if it is not paid, more serious steps will be taken. Well, there is a form to be used in this situation. In my experience, this is a very popular form – so much so we would like to make it available to the construction industry.

This form below warns the owner that you will be filing a mechanic's lien if payment is not made within ten days. Hopefully, it will create a serious dialogue for settlement. Come up with your bottom line amount to settle and be prepared to offer it to the owner if he or she is negotiating in good faith. Remember that the last thing an owner wants is a lien on their property: it jeopardizes title, interferees with their relationship with the construction lender, and predictions refinancing or sale. This Notice is worded in a non-threatening manner so as to capitalize on this situation, with the owner knowing that you are required by law to file a lien within a set period of time or lose your lien rights.

WHO CAN USE THIS FORM? All persons, whether general contractor, subcontractor, or supplier.

HOW TO SERVE: There is no need to file this with the court or record with the recorder's office. It is simply served by mailing.

WHO TO SERVE: If you are a general contractor, serve the owner and construction lender. If you are a subcontractor or supplier, serve the owner, general, and construction lender.

HOW TO SERVE: Although not required, it is recommended for its effectiveness to be served by certified mail.

WHEN: Serve ten days before you file or record the mechanic's lien. Remember, it does not extend the time to file a mechanic's lien.

NOTARIZED? No.

COPIES: The original signed copies are served. Keep an extra copy for your records.

CERTIFICATE OF MAILING. Use a standard Proof of Service form. Sign this Proof (it is like a certificate of mailing) and staple it to the form so you have proof it was filed to the various persons or entities.

MARGINS AND FONT. This is a Word document so use the following margins so it prints out properly: Top: 18 pt; Bottom: 22 pt; Left: 58 pt; Right: 58 pt. Type size is 12.

HOW TO USE? Cut and paste the form into a new Word document.

WHICH STATES?

Use this notice only in the following states: Alabama, Alaska, Arizona, Florida, Idaho, Indiana, Iowa, Kansas, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and West Virginia.

As to California, you can use it until further notice. California is in the process of modifying its mechanic's lien statutes which will require a specific notice. Check our web site for that new form.

SAMPLE FORM STARTS HERE

NOTICE OF INTENTION TO FILE A MECHANIC'S LIEN (General)
(This is not a Mechanic's Lien, nor a reflection on the credit of any contractor)

__________________________________________________________________________
Via Certified Mail

TO OWNER:

_________________________________________________
(name (s))

________________________________________________
(address – no. and street)

________________________________________________
(address – city, state, zip)

FROM GENERAL CONTRACTOR:

_______________________________________________
(name (s))

_______________________________________________
(address – no. and street)

_______________________________________________
(address – city, state, zip)

______________________________________________
(fax / phone)

Please take notice that the undersigned lien claimant intends to file a Mechanic's Lien against your property if payment is not made for moneys owed as follows:

PROJECT NAME: ________________________________________________________________________________

PROPERTY SUBJECT TO LIEN (common street address or other description):
__________________________________________________________________________

(1) General description of construction services furnished by Lien Claimant:
_________________________________________________________________________
_________________________________________________________________________
________________________________________________________________________

(2) Amount due: Through _________ (date) is $ _____________ after just credits (total executed, with extras of $ ___________, less payments of $ ____________). Unpaid invoice (s) attached. Attorney's fees and court costs will also be requested.

The above-described work was provided to your property, at your instance, by the Claimant. If payment is not made within ten days (10) of receipt of this demand, Claimant intends to file a Mechanic's Lien, without further notice. If you have any questions or wish to make payment arrangements, please call immediately to discuss.

Dated: _____________

_______________________________________________
(Signature and Title)

Commercial Construction Staking

Construction staking for commercial projects is a critical step in the building process that can directly influence whether a project finishes on time, on budget, and free from errors. It is in the best interests of the construction company or developer to utilize the skills of a qualified registered land surveyor to perform the staking.…

Construction staking for commercial projects is a critical step in the building process that can directly influence whether a project finishes on time, on budget, and free from errors. It is in the best interests of the construction company or developer to utilize the skills of a qualified registered land surveyor to perform the staking. A good surveyor will interpret the plans and layout the project to best fit the site as the designer, engineer, or architect intended. By having someone with the skills and knowledge of a professional registered land surveyor, the builder can be certain of the accuracy and reliability of the results.

Commercial construction staking is needed for a variety of different projects, including subdivisions, streets, utilities, and more complex, multi-story building sites. Construction staking is, at its most basic, the laying out of survey points on the ground to act as a guide for constructing site improvements. In many ways, construction staking can be seen as the opposite of the as-built survey. The as-built assesses a building or project after completion to ensure that was was built according to the plans. Construction staking is performed at the beginning of the project to make sure that the project is built according to plan. Good construction staking will lead to a good as-built survey.

Construction staking, especially in a commercial application, calls upon all the skills that a land surveyor possesses. They are required to complete a boundary and topographic survey to ensure that the property matched the site plan and engineering design. They must also perform field staking for mass grading, building offsets for construction, utilities (sanitary sewers, water mains and storm sewers), as well as any parking lots, streets, curbs, or gutters. These are all done before the surveyor even begins to address the proposed buildings on the property.

Once a surveyor moves on to staking the proposed structures, it provides the location and grade stakes for building foundations, walls, and column lines. This is a critical step in the process. If the buildings foundations are not staked properly, it can be a very costly mistake for the construction crew that could have the potential to ruin the job altogether. A knowledgeable land surveyor is a builder's best tool to avoid foundation problems further on in the process. A good surveyor will establish a coordinate network with horizontal and vertical controls from the beginning of the property and use it to calculate and determine the exact corners and levels of proposed structures.

While construction staking is seen by many to be a simple step at the beginning of a project, it can have very dire ramifications for the rest of the project if not completed correctly. In commercial projects, the importance of a well-performed construction staking is magnified, given the larger structures and vast amounts of money the construction staking effects. It is money and time well spent to make sure that a qualified individual with the proper surveying knowledge and experience is conducting your construction staking survey.

Converts Architectural Drawings in Any Form to Cad Format For Both 2D and 3D Views

Drafting services converts architectural drawings in any form to CAD format for both 2D and 3D views including Landscaping, rendering, file conversion and interior detailing, draft services include: – Paper to CAD – Archive historical plans – Create Custom library services like drafting to provide CAD Drafting services to Architects, Structural Engineers, Surveyors, Designers, Consultants…

Drafting services converts architectural drawings in any form to CAD format for both 2D and 3D views including Landscaping, rendering, file conversion and interior detailing, draft services include:

– Paper to CAD
– Archive historical plans
– Create Custom library

services like drafting to provide CAD Drafting services to Architects, Structural Engineers, Surveyors, Designers, Consultants and Facility Managers, also carry the newest AutoCAD draft machinery with knowledgeable employees giving clientele the benefit of quality consequences without the exclusive above your head. Architectural drafting team can value and change complex paper drawings, hand scribbles, hand sketches, and survey notes into a set of whole architectural strategy.

With the use of this services you can arrive at a team supervised of knowledgeable Architects, Engineers & Draftsmen to design, draft, detail, render and estimate your projects. Mail them your opinion, your designs, your apparition, your ideas concerning the project, whether it is natural stage or fully evolved, we would assist you to put those in a paper.

This services and contain expert at all types of drafting and drawing conversion, CAD, mechanical, technical, CAD format work for both 2D and 3D views including Landscaping, rendering, file conversion and interior detailing, ploting, scanning and conversion services: drafting conversion, raster to vector conversion, document conversion, file conversion.

Draft solutions make in no doubt your cad-drafting project is completed with 100% accuracy and precision. Thus you increase the advantage of quality production, faster sequence times, higher efficiency and lower costs.

With the use of this solutions and services, we accomplish all kinds of projects, be it 3D Rendering, Architectural Designs & Drawings, Civil Engineering detailing like sewage system design, electrical, mechanical etc, Site Review Plans, Structural Design & Detailing. Engineers who are skilled in construction industry will carry out your projects with excellent quality and rotate time. Once the designing & drafting the projects, our QC team goes during each drawing to make sure accuracy & quality.

This solutions and services skill lies in helping you through your architectural drafting drawings and detailing requirements, all the way to representation and even animation, also architectural drafting services aim at 100% accuracy using ordinary layering and newest technology.

When you set up a business relationship, drafting solutions and services would allocate qualified & knowledgeable architects & draftsmen to your project and teach them in your stipulation & rations. From then you will obtain to work with the similar team for all your prospect projects so that the acquaintance about your company & practices is not missing in between.

Discounted Steel Buildings – Pitfalls

We've all seen those splashy ads for Discounted Steel Building Kits. You may get flyers in the mail. Or see them in the newspaper. These ads can be very enticing. Everyone likes sales and discounts. None of us wants to pay more for a product than they have to. Does the phrase 'Buyer Beware' jump…

We've all seen those splashy ads for Discounted Steel Building Kits. You may get flyers in the mail. Or see them in the newspaper. These ads can be very enticing.

Everyone likes sales and discounts. None of us wants to pay more for a product than they have to. Does the phrase 'Buyer Beware' jump out at you when you see these ads?

Please do not get me wrong. You can find legitimate deals on steel buildings and building kits out there. You will need to get through the advertising hype and do a thorough analysis of the product and the pricing.

Potential Pitfalls of Discount Steel Buildings

The discounted building may not be the best deal available. You must compare prices and ensure that the building you purchase is exactly right for you.

Discount steel buildings are often engineered for the minimal loads – ie snow, wind, rain, seismic. You must ensure that the building you purchase is engineered for your site's conditions and codes.

These discounted buildings are most often of a simple box design – either square or rectangular. This may not be a problem if that is what you are looking for.

When the steel building manufacturers advertises discounted buildings there is often limited or no color options.

If you require additional loads on the building – overhead cranes, hoists, rooftop HVAC units, suspended piping etc. you will need to have a building engineered for this. Discount buildings do not usually allow any extra loading as their design is optimized.

There are often a few -if any – accessories included with discounted steel buildings. Accessories that can be included in steel building packages (at an additional cost) can include man doors, overhead doors, large sliding doors, windows, roof windows or skylights, overhangs, building insets, roof ventilators, mezzanines … the list is almost endless.

Once you engage in conversation with a sales-person pushing discounted buildings, there can be a lot of advertising hype and high-pressure sales pitches. You know the ones; We have two on our shelf; We just had an order canceled; We had twenty to sell and are down to our last one. DO NOT BE PRESSURED! Make sure that the steel building you want and require is the steel building that you will receive – and at the best price. (Not all sales-people sell this way, but just beware that it can and does happen.

Please do not get me wrong with this very negative article. I have been in the metal building business for many years and can tell you first hand that there are legitimate deals out there for outstanding steel buildings. You just need to do your homework.

Purchasing Construction Leads

Purchasing construction leads will help a contractor hook up with clients that are looking for construction work. This will help the contractor to increase business and business profits. Where to Find Leads Leads for construction business can be purchased from marketing companies that specialize in find construction projects for contractors. Purchasing construction leads from professional…

Purchasing construction leads will help a contractor hook up with clients that are looking for construction work. This will help the contractor to increase business and business profits.

Where to Find Leads

Leads for construction business can be purchased from marketing companies that specialize in find construction projects for contractors. Purchasing construction leads from professional marketing companies is the most successful method of increasing business. Before purchasing construction leads from a marketing company ask how they compile their leads. Many marketing companies will solicit on the Internet asking potential customers to fill in a questionnaire regarding the type of work they want done. Their completed questions are then passed on to the contractor who can contact the customer with a quote.

What to Spend on Leads

Purchasing construction leads should be included in a contractors advertising budget. Do not spend more than is allowed by the budget. To confirm if a marketing company is genuine, purchase a small amount of leads at a cheaper price to see if they pan out. Do not work with a marketing company that requires a high initial pay out.

Also check to see if there is any guaranty on the leads that are provided. These should be no more than 24 hours old. In addition these leads should not be given out to all contractors in the marketing companies customer list. So be sure to find out how many contractors are being given the leads you are receiving.

If you find a marketing company that seems to be trustworthy and has provided viable leads on your test run, ask if they have discounts on volume lead purchases. However, do not bite off more than you can chew. Purchasing too many leads may leave you rushing to catch up as orders come in from new customers. This can lead to shoddy work and a poor reputation.

Purchasing construction leads has definite benefits to a contractor. It can save time in advertising and job solicitation. In addition successful leads can increase company profits.

Benefits of Joining a Construction Network

For those in the construction business finding one job while working on another can be quite impossible. There is simply not enough time to go out and solicit business. One option is to join a construction network. The purpose of a construction network is to match contractors with clients. The clients log on to the…

For those in the construction business finding one job while working on another can be quite impossible. There is simply not enough time to go out and solicit business. One option is to join a construction network. The purpose of a construction network is to match contractors with clients. The clients log on to the construction network, submit the work they need done, and the contractors registered with the network bid on the job. The benefits of joining construction network are numerous.

Save Money

On of the benefits of joining construction network is the money that is saved on job solicitation. The contractor does not have to advertise, or actively go out and sell their business to the public. Instead, simply contacting the network is all that needs to be done to find a job.

Save Time

Most contractors are too busy completing a job to go out and actively seek another job. Most times the contractor can not seek a new job until the former one has been completed. This means a gap in time from one job to the next. By joining a construction network the contractor can find a new job while in the completion stages of the previous building assignment. This way there is no gap in time in between jobs.

Instant Reputation

Many construction networks will do their own background checks on your construction company to verify your reputation to their clients. As a contractor this means you do not have to spend valuable time collecting testimonials and documenting your work on websites and in advertisements. Your contracting network will verify your capabilities and excellent handiwork.

There are numerous benefits of joining construction network. All save the contractor time and money. In addition the networks vouch for the reputation of your business as they complete the background checks and collect testimonials and examples of the construction work.

Guide For Commercial Real Estate

How Long Will I Keep the Property? Following the guide for commercial real estate, the first question any proper investor will determine how long they will hold on to the commercial real estate. An investor could fix up a property and sell it in a few months or a year. This process is called property…

How Long Will I Keep the Property?

Following the guide for commercial real estate, the first question any proper investor will determine how long they will hold on to the commercial real estate. An investor could fix up a property and sell it in a few months or a year. This process is called property flipping. Or an investor can be in it for the long haul and hold onto a property for 30 years. How long a property is to be held effects the mortgage, interest rate, any type of build out or construction and a plan for selling the real estate.

Will I be a Passive or Active Investor?

How much time and sweat you are willing to put into a property will determine what type of commercial real estate is best to purchase. For example, purchasing an apartment building will result in direct hands on involvement unless you plan on hiring a management company to oversee all property issues. An easier investment is a single tenant building or properties that are leases “triple net” that leave the tenant with most of the maintenance responsibilities.

Do I have the Equity?

The final question that needs to be answered is whether there is sufficient equity for this piece of property as well as future investments. The equity available will depend on the amount of the loan and the maximum loan to value ration allowed by the lender. The interest rate is also an important factor as they are the loan fees that will have to be paid. You also want to keep in mind the concept “not putting your eggs all in one basket” as plan on diversifying investments by purchasing more than one property. This guide for commercial real estate will ensure you make an informed decision when purchasing a commercial real estate property.

SEZ and Its Advantages

A special Economic zone (SEZ) is a geological region that monetary laws which are more noninterventionist than the usual monetary laws in the country. The fundamental motto behind this is to increase foreign investment and increase exports. SEZ is recognized for diversity of reasons like, boost in investment and augment job opportunities and technical acquisition…

A special Economic zone (SEZ) is a geological region that monetary laws which are more noninterventionist than the usual monetary laws in the country. The fundamental motto behind this is to increase foreign investment and increase exports. SEZ is recognized for diversity of reasons like, boost in investment and augment job opportunities and technical acquisition and fetch certain tax improvements.

SEZ policy in India was preceded on 1/4/2000 with a vision to offer a globally aggressive and hassle free atmosphere for exports and make the domestic venture and firms globally viable. In SEZ we can avail 100% foreign direct investments (FDI) for the industrialized sector, and no cap on foreign investments for small scale industries (SSI) articles. We can also avail the take the advantage of income tax benefit under section 80 of the Income Tax Act, this involve that the profits earned by the division is excused for 3 years and 50% exception for the next 2 years. Duty free import of domestic goods can be done for the development and maintenance of the SEZ. Even the exemption from Service tax and CST is available. But normal labor laws are pertinent which are enforced by the state, although state Governments have abridged the procedures.

There are various advantages of SEZ as they are good from the point of vision of growth and development. It increases income level of citizens, persuades competition and lowers labor costs. SEZ magnetizes FDI and exchange earnings. Also FDI would make sure for a significant ownership, in times of adverse claims pay put, it is only through the FDI route that foreign stake holders would inculcate capital to come over the adverse circumstances. It helps to create a lot of job opportunities in the market. Also when SEZ's become a triumph it acts as a good economic model for the policy makers to imitate.

But at the same time it has its own disadvantages like companies would like to mercely move to SEZ to take advantage of the tax concessions provided, which can lead towards a significant revenue loss to the government.

So overall SEZ plea to almost all developing countries like India but they would not work if the country has no clear vision or strategy to move forward. Such Countries can execute even better than now if the public, private, people and government administrative sector all work together in coordination with each other in harmony.

What is a Class A Contractor?

When choosing a contractor or a contracting company or firm to build a new home for you and your family you want to make sure that you are using someone who is top of the line. A Class A General Contractor is usually the way to go when choosing your contracting person. A licensed Class…

When choosing a contractor or a contracting company or firm to build a new home for you and your family you want to make sure that you are using someone who is top of the line. A Class A General Contractor is usually the way to go when choosing your contracting person.

A licensed Class A Contractor is able to construct, remodel, repair, and demolish any structure. To be able to hold this license and to gain this title there are some requirements that these applicants must meet.

First the contractor could have a bachelor's degree in construction, engineering, or architecture from a university that is accredited in the field.

Second the contractor could receive a certificate from a testing institution that is nationally recognized. The person taking the test must show that they have a vast knowledge of the subject and that they are basically an expert. There is a higher level exam that test takers must score at minimum a 75% on.

If you go this route to receive your license you will most likely need to take some courses before hand that teach you the tricks of the trade. It is also essential to have some on the job training experience before taking the exam as well.

Now the person who is certified does not have to achieve either of these things but they do need to achieve at least one. This shows that they know the subject in which they are pursuing.

When becoming certified as a licensed Class A Contractor the license holder must have a photo identification card and contractor license to show that they are actually able to hold this title.

Rise of Construction Companies From Hyderabad

When the first waves of construction boom reached shores of India, companies from Hyderabad came up with concepts that stuck chord with the high level construction and offered a range of solutions, services and products to a large and varied client base segment. Taking up group housing and cutting construction costs in every possible way,…

When the first waves of construction boom reached shores of India, companies from Hyderabad came up with concepts that stuck chord with the high level construction and offered a range of solutions, services and products to a large and varied client base segment. Taking up group housing and cutting construction costs in every possible way, they came up with equipped to handle large scale ventures including the design and construction of IT Parks, SEZ's, Ports & Harbors, Roads & Bridges, Power Plants, Major Irrigation works, Integrated Townships, Hospitals, Institutions, Leisure and Sports facilities, Industrial Buildings and Theme parks.

Navayuga, NCC, IVRCL and Tempus put Hyderabad on world map. They became world class by providing end to end customized solutions through innovative and ideal approaches. As an innovative new player, Tempus provides the clients with a complete range of real estate services and professional advice by maintaining the highest quality of workmanship, exceeding the client expectations by applying the best practices, holding the highest standards of ethical business culture etc.

These companies adopt state of the art technology adopting the echo friendly measures for development and conservation of the environment. Custom design and construction is the USP of most of these companies to provide end to end solutions to clients, both in Core and Urban Infrastructure through innovative and technological excellence. Tempus and Navayuga are betting big on these areas. Where as IVRCL and NCC are focussing on very big and BOT projects.
Builders in India especially from Hyderabad are riding on the boom created by spectacular growth of IT and relevant companies, and consequent escalation in the demand of real estate properties in the city. The builders in Hyderabad that are at the helm of all affairs leading to the successful termination of a residential project. The present scenario in the city is driving builders in Hyderabad to construct more and more are witnessing massive development with construction of Multiplexes, corporate offices, banks and shopping arcades are some of the commercial buildings that can be seen everywhere in the city. There is still a lot to expect in the future as you find one or the other construction company in Hyderabad working on several projects in the category.