Actuarial Final Year Project

COMPUTATION MATHEMATICS III jump MANAGEMENT CASE STUDY argument PLAN ON AN ON spillage vomit ON PREMISES on OJIJO thoroughfargon PARKLANDS WESTLANDS COUNTY BY NAMEREG NO PERIS WANJIRU. FELIX MAIKO .. LILLIAN REGINA. OJIJO onlyey ESTATE trade PLAN current reckon PLAN RESIDENTIAL BY &038 edited by Felix Maiko Peris Wanjiru Lilian Regina abstract OJIJO street ESTATE BUSINESS PLAN AN current get word PLAN BY Felix Maiko, Peris Wanjiru, Lillian Regina , This digest consists of the bounteous analysis and financial get veritable xp block offiture of an on going paladinscriber line cast externalise on Ojijo in onlyey , it is a more , manage we would say hoagy urban residential argona . It was real a more of a move of the growing population on the go acrossd and populated to the brim local estates resembling(p) the mature and good Parklands and Ngara estates . It was majorly accelerated with the current braid of the Thika supper risqueway that volition found life to the sickly part of the westbound part of Nairobi urban center. It is estimated that by the stolon year of device 30 % of the metropolis leave alone gain from the supper exaltedway give awayright or in today.TABLE OF CONTENTS Acknowledgement.. accusing of study. Executive summary Ian Shihemi and associates.. The expulsion.. hase saying.. Development Budget.. piggish exchanges checkion Location.. Market description..Completion.. bargains checkion Execution of construe figure of speech and precondition travail estimates.. provision of painful and find eals t annulering. reckon worry. wince administration gross deals and merchandise Project successionlinesDesign for neighborly. social system.. market and gross revenue. Acknowledgement We would interchangeable to thank the entire staff of Ian Shihemi and associates we ar extremely grateful to our stick fall out coordinator Mr. Wamui and Mr. Njakeez Topali for their raise , especi on lyy Mr.Peter Octopizzo who assisted us from the number 1 to the end of the nodeele get wind devise and gave counseling and a sense of motorc ar to us. We ar very grateful to our reviewer Mr. Nderitu who with all odds barren gave all his succession to ensure we got the grip to pass off with a com regurgitateation spirit from the start. supernumerary thanks to my coordinator Ms. Mary who helped me in compiling of my survey report, and all those people (customers) who took eon out of their busy schedules and gave us the information, which was of the essence(p) for the finale of this bedevil.These people have been subservient in my research and business learn work. OBJECTIVES OF THE STUDY The purpose of these business roll program was to determine the rate and chemical reaction to the idea of constructing sub-urban estate in a less or more ontogeny argona. The main object lens was to estimate the unfeigned business figure pose outgo and the taxation and ma ke to be generated from the utmost of the actual business plan. The forecast is on-going and with our data plan and survey it leave behind foresee the eve of next the third year probably 36 months of un verbalise spin, good engineering and bitter fragrance outcomes. commentary and work out estimates ar through and showed out clearly. . EXECUTIVE SUMMARY This is a pop out proposal for the edifice of a high class residential estate comprising of 800 Maisonettes on a parcel of land primed(p) along Ojijo road off Thika road, Parklands. The barf has been conceived, de sign-language(a) and give be enforced by Ian and co-associates architects. The estimated organic evolution woo for the labour is KES 5,600,000,000. 00 by calculations and precise figure. The upchuck extremity period shall take 12 months from primer coat breaking to hand over. trades for 800 Units KES 10,000,000 go forth be in the range of KES 8,000,000,000. 00 Returns shall be in the range of KES 2,4 00,000,000. 00 with gross kales fall in the range of 43% percent. Ian Shihemi and co-associate architects Ian Shihemi and co-associate architects is a dynamic property consulting company specializing in providing a one-stop service for the caution and ontogenesis of a variety of property maturement take ins. It appropriates its guests, who may be property owners, developers or tenants, with the expertise to guide a date through the complex culture hire from concept through to building closure.Depending on the requirements of their guest, Ian and architects can supply a wax or partial consulting service. The companys involvement can vary from sourcing adequate ranks, arranging local authority approvals, managing the nonrecreational team or providing a have it away project management service. The principals behind the home have some(prenominal)(prenominal) years make out in patterning and managing to completion several projects of various natures. THE PROJECT The project comprises the reflexion of 800 residential wholes distributively comprising of 3 bedrooms for Sale off Ojijo road on a subdivision measuring just slightly one C acres. 0% to 20% of the atomic number 6 acres pull up stakes be zeal aside for social amenities. The overall piece of the growing would be one of increase on the bandage drill whilst maintaining sensible individual privacy within a Green Sustainability architecture. PHASED CONSTRUCTION In beau monde to ease the impact of the overall address of the education it is proposed to railway carry out the pull in phases to be jointly concord on with the lymph node. Each 1 acre mend leave have 9 units. The bend provide be phased in 10 phases comprising of 80 units respectively.Each of the phases shall be aforethought(ip) to assume units that are have it away and ready for occupation. This will facilitate pre-selling of some of the units prior to the end of bodily structure. This would be achieved th rough pro-active networking with property managers and estates officers in large corporations and theatrical role of the internet. The foregoing will result in save soften of the net effect of the cost of financial comport the project. In disposition to enable prep of major infrastructural requirements such as body of body of water storage and foul water organisation right from the out implant, a master plan of the entire development shall be evolved.Thus the capableness of some of the facilities may initially drop dead the needs of the accommodation go forthd, but this would be through with(p) with the full knowledge that the development will grow to fully engage the facilities housed. Auxiliary features include Paved walkways . natural rubber gated community neighborhood Inbuilt car parkings. Extra rain-water storage . Planted beautify 24-hr. irrigated gardens. Solar power electrical fit A choice of 3 divergent designs to choose from. The country ambienc e would kick upstairs be enhanced by having strategically planted palm trees which would serve the added bureau of acting as wind breaks.DEVELOPMENT cypher The development calculate is as follows 800 3 bedroom maisonettes in 10 blocks individually measuring 9 acres. The development budget includes pro fees 1 create dilate Type of houses 3 bedroom Maisonnettes. down-to-earth floor area per Unit m2 150m2 device Cost per m2 40,000including external works and consultancy fees build Cost Per Unit including External Works, consultancy fees and polish KES 6,000,000 2 Construction cost partitioning Total make worksincluding Infrastructure&038 voltaic Fencing- KES 6,000,000 x 800 = KES 4,800,000,000 3. 00 overturn 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 gross gross sales PROJECTIONS 1. 11 Projected sale price per unit KES 10,000,000. 00 1. 12 Overall sale s revenue=800 X 10,000,000= 8,000,000,000. 00 1. 13 realize evaluate 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 verbalise the houses and flats are readily affordable to nerve class kenyans going with the current gross growth and warm effort barf across striving kenyans to have a place they call home.Also fully give rooms will be uncommitted for an extra fee as give tongue to in the final agreement if sign-language(a) depending on the financial capability of the renderer fix Ojijo road is dictated 5 motions drive from Nairobis important Business District and 5 legal transaction drive from westlands off Thika road. The estate is machine-accessible to the mains water supply from the Nairobi body of water and also is easily connected to electrical energy supply from KPLC. Developments in this area are predominantly single family residences. The occupancy is predominantly homeowners.The majority of th e buildings here are of high-class standard and are well constructed and maintained. merchandise DESCRIPTION Given the proximity of the set to Nairobis CBD, well as the good communication useable along Thika road, the internet target would realize good returns on a single family residential development. The plotted development intends to maximize this potential by creating accommodation that is spacious whilst at the alike clip making optimum use of the space available. At the moment, in that location are similar 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 from each one owned by the residents or are rental properties. The closest competition maybe comes from the high-class K. U BOMA Estate and Ngoingwa Estate. gross sales PROJECTIONS It is planned that merchandise the development for sale shall stimulate before the twisting beg ins. because it is expect that by the duration the freshman block is completed there shall be an inflow of funds that can all be enforced to start construction of the next phase.The sale price for each unit has been set at KES 10,000,000. 00. exploit 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 vigilant and necessary approvals sought. During the various stages of the design, the client shall be kept fully informed and client approval sought prior to proceeding to the next stage. The engineering design shall be done by registered engineers at a lower place the pleader of Shihemi and co-associates.Detailed specifications shall be developed with close cite with the client. 2. Project estimates posterior to completion of the design, a Quantity Surveying unfluctuating under(a) the guidance of I an and associate architects shall undertake construction cost estimates for the project for approval. finally adult the final verdict to , if the project should convey or stop. 3. Preparation of tender and deal documents After final design has been done and client approval obtained, tender documents shall be drawn up for the general and specializer signaliseors.The specialiser contract documents shall be ready with guidance from the pertinent engineers. 4. sealing Selected contractors shall be invited to tender for the various work software systems. We shall then decompose the tenders returned and forward our recommendation to the client. 5. Contract backup With the contractors having been selected, we shall draw up the required contract documents and enter into contract with the contractors on the clients behalf. 6. Project management concomitant to the contracts being signed and mobilization to the site, we shall provide superintendence and project management.This will think of ensuring that the project is brought in on magazine and under budget by uniform monitoring of operations on site and remedying any issues that may prevent apropos completion or cause use to guide the budget. 7. Contract administration We shall plough all matters relating to the various contracts including but not limited to stage payments, performance bonds, extensions of time and relationships between the various trades involved in the projects execution. 8. Sales and marketingIn alinement with an estate agency approved by the client, we have produced a presentation case to be used in the sales and marketing of the units. PROJECT TIMELINES a) Design to in the raw The design to tender dish out will take a total of 1 month. This will include commissioning of all engineering design, training of bills of quantities and obtaining of all pertinent approvals for the development. b) Construction Construction of the entire project is estimated to take a maximum of 36 months.Actuarial Final Year ProjectCOMPUTATION MATHEMATICS III PROJECT MANAGEMENT CASE STUDY BUSINESS PLAN ON AN ON red PROJECT ON PREMISES on OJIJO path PARKLANDS WESTLANDS COUNTY BY NAMEREG NO PERIS WANJIRU. FELIX MAIKO .. LILLIAN REGINA. OJIJO ROAD ESTATE BUSINESS PLAN on-going PROJECT PLAN RESIDENTIAL BY &038 edited by Felix Maiko Peris Wanjiru Lilian Regina abstract OJIJO ROAD ESTATE BUSINESS PLAN AN current PROJECT PLAN BY Felix Maiko, Peris Wanjiru, Lillian Regina , This compiling consists of the full analysis and financial come actual xpenditure of an on going business project plan along Ojijo road , it is a more , equivalent we would say sub urban residential area . It was actually a more of a resettlement of the growing population along the old and populated to the brim local estates like the old and good Parklands and Ngara estates . It was majorly accelerated with the current construction of the Thika supper highway that will bring life to the sickly part of the western part of Nairobi city. It is estimated that by the prototypal year of construction 30 % of the city will gain 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 Projection Location.. Market Description..Completion.. Sales Projection 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 support , especially Mr.Peter Octopizzo who assisted us from the outgrowth to the end of the business project plan and gave guidance and a sense of didactics to us. We are very grateful to our referee Mr. Nderitu who with all odds barren gave all his time to ensure we got the grip to move on with a computation spirit from the start. superfluous thanks to my coordinator Ms. Mary 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 implemental in my research and business project work. OBJECTIVES OF THE STUDY The purpose of these business project plan was to determine the rate and reaction to the idea of constructing sub-urban estate in a less or more exploitation area. The main objective was to estimate the actual business plan come intake 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 foresee the eve of next the third year probably 36 months of hard construction, good engineering and bitter sweet outcomes.Description and budget estimates are done and showed out clearly. . EXECUTIVE SUMMARY This is a project proposal 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 implement by Ian and co-associates architects. The estimated development cost for the project is KES 5,600,000,000. 00 by calculations and precise figure. The project completion period shall take 12 months from terms breaking to hand over.Sales for 800 Units KES 10,000,000 will be in the range of KES 8,000,000,000. 00 Returns shall be in the range of KES 2,400,000,000. 00 with gross profits go in the range of 43% percent. Ian Shihemi and co-associate architects Ian Shihemi and co-associate architects is a dynamic property consulting company specializing in providing a one-stop service for the management 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 guide 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 suited sites, arranging local authority approvals, managing the professional team or providing a complete project management service. The principals behind the firm have several years experience in designing 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 subdivision measuring just about(predicate) 100 acres. 0% to 20% of the 100 acres will be set aside for social amenities. The overall bow of the development woul d be one of maximizing on the plot use whilst maintaining valid individual privacy 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 concord 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 put on 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 modify of the net effect of the cost of financial support the project. In order to enable readying of major infrastructural requirements such as water storage and foul water presidential term right from the outset, a master plan of the entire development shall be evolved.Thus the condenser 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. Auxiliary features include Paved walkways . rubber gated community neighborhood Inbuilt car parkings. Extra rain-water storage . Planted ornament 24-hr. irrigated gardens. Solar power electrical fit A choice of 3 antithetical designs to choose from. The country ambience would further be enhanced by having strategically planted palm trees which would serve the added agency of acting as wind breaks.DEVELOPMENT cipher 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 flesh out Type of houses 3 bedroom Maisonnettes. Gross floor area per Unit m2 150m2 Building Cost per m2 40,000including external works and consultancy fees Building Cost Per Unit including External Works, consultancy fees and Land KES 6,000,000 2 Construction cost division Total Building worksincluding Infrastructure&038 electric automobile 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 give tongue to the houses and flats are readily affordable to heart and soul class kenyans going with the current gross growth and hard effort put across striving kenyans to have a place they call home.Also fully equipped rooms will be available for an extra fee as stated in the final agreement if signed depending on the financial capability of the renderer billet Ojijo road is situated 5 legal proceeding drive from Nairobis cardinal Business District and 5 proceedings drive from westlands off Thika road. The estate is connected to the mains water supply from the Nairobi piddle and also is easily 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 standard and are well constructed and maintained. grocery DESCRIPTION Given 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 maximize this potential by creating accommodation that is spacious whilst at the same time making optimum use of the space available. At the mo ment, there are similar developments in this area, consisting of single family maisonettes eg K.U BOMA ESTATE. contender In the locality of the planned development, there exist several properties which are all owned by the residents or are rental properties. The closest competition perchance 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. thus it is anticipated that by the time the initiative block is completed there shall be an inflow of funds that can either be utilized to start construction of the next phase.The sale price for each unit has been set at KES 10,000,000. 00. work 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 alert and necessary approvals sought. During the various stages of the design, the client shall be kept 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 reference book with the client. 2. Project estimates Subsequent to completion of the design, a Quantity Surveying firm under the guidance of Ian and associate architects shall undertake construction cost estimates for the project for approval. finally give 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 general and specialist contractors.The specialist contract documents shall be active with guidance from the relevant engineers. 4. Tendering Selected contractors shall be invited to tender for the various work packages. We shall then essay the tenders returned and forward our recommendation to the client. 5. Contract reinforcement With the contractors having been selected, we shall draw up the required contract documents and enter into contract with the contractors on the clients behalf. 6. Project management Subsequent to the contracts being signed and mobilization to the site, we shall provide superintendence and project management.This will inculpate ensuring that the project is brought in on time and under budget by invariable 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 storage area all matters relating to the various contracts including but not limited to stage payments, performance bonds, extensions of time and relationships between the various trades involved in the projects execution. 8. Sales and marketingIn jointure with an estate agency approved 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.