Essay On Private Construction

It was hypothesized that the investment in Moon Lake’s and River Ridge’s infrastructure is beneficial and profitable

The no purchase option in the socio-economic section had suggested that the economic use of the land be on assumption. Also that there were no figures to determine the economic impact; however, if assumptions were made to the economic use there should be at least theoretical figures to develop an economic impact. The tax revenue for the county is also assumed to stay the same; however, if the land was to be developed by a private citizen the value of the land would increase and in turn the tax levy (Brooks, 2006). In the EA prior to the socio-economic assessment it is suggested that the tax revenue could increase due to development (Vinkey, 2006) in contradiction with each other.

Economically, new land expansion is always viewed as beneficial. When companies or industries look to build new factories or houses, their end goal is always to make a profit. However, individual advancement in this case has to be sacrificed for the greater good of the rest of the stakeholders. For example, mining industries and residential lots

Whenever the federal government makes a proposal for expansion and improvement of publicly maintained roads and utilities, it evaluates which communities,private properties and businesses will be affected. As cities and towns are expanding and undertaking improvements to roadways, sewer and power lines, communications, and other systems, and to meet the demands of rise in population, the government must often secure or acquire access to private land.

The shortcomings of megaprojects highlight the failures of projects living up to their initial proposals. Nine out of ten megaprojects go over budget with many of them overrunning costs that fall on public resources and taxpayers. One extreme example of this is the construction of the Sydney Opera House which overran costs by nearly 1400 percent which forced the government to cut public funding in other sectors. Beyond cost overruns, it is common to see time overruns as a problem in megaprojects which create further costs and inconvenience to the community. An example of this is New York’s $3.9 billion megaproject that looked at rebuilding and revamping the Tappan Zee Bridge. It took well over ten years just to begin the project, and contractors have already requested extensions to the project. Not only is this creating direct costs for the construction of the project, but it is also creating unintended costs such as the increased cost to maintain the bridge and creating alternate routes. Other unintended consequences that often occur with megaprojects, but are often ignored, is the pushing out of low-income families which commonly results in increased numbers of homeless individuals. This creates more cost for the community and society. Additionally, megaprojects do not always equate to increased level of income per capita. Sports stadiums are common megaprojects happening throughout the country and are highly desired in attracting more people to migrate and adding to the economy. However, research has shown that building sports stadiums on average actually have a negative correlation with income per capita. A relatively recent example of this is the construction of the Marlin Park Stadium in Miami, Florida, where projected ticket sales from the initial proposals fell significantly short which has created less revenue to

Formerly under control from Dictator Hugo Chavez, and now currently under control by Nicolas Maduro, With an estimated 34.2% of the GDP accounting for the public debt, and an extremely high inflation rate of 56.2% in 2013 raising from 21.1% in 2012, it is obvious that the policies and programs aren’t working out for the country. Poor leadership in Venezuela has driven the country’s economy into a downward spiral. Having one of the larger resource endowments among the developing countries, it is questionable how there are so many problems with its economy. Since the 1920s Venezuela’s economy has been primarily driven by their vast availability of petroleum. Being a member of the OPEC, Venezuela’s main export is oil. The powerful oil industry in Venezuela is driven by their state-run petroleum company Petroleos de Venezuela S.A PDVSA. Venezuela sits on top of the world’s largest oil reserves and this oil based economy accounts for roughly 50 percent of government revenue, 95 percent of Venezuela’s exports, and 25 percent of Venezuela’s GDP, just in oil alone. With a population of 29.9 million people (estimated in 2012) the country has a per capita GDP of $12,756. Venezuela is highly dependent on oil revenues, these oil revenues account for around 96% of all export earnings. Venezuela’s development faces various challenges being a

The question that transcends the project is whether equity investors be sufficiently rewarded to justify there financing interests. The answer to this question is dependent

Buitelaar (2004) further writes that even though transaction costs does not contribute directly to the actual development of the land, it can be seen as a dead weight losses that have to be minimized. Buitelaar also suggest that the fewer the transaction costs, the more efficient the development process. Comparing institutional arrangements between countries, state and counties can be a good indicator to measure the efficiency of the development process (Buitelaar, 2004). This is based on the assumption that different institution have different transaction cost which would eventually borne by the

In addition, the right to sell their land interferes with due to the regulations barring them from developing large agricultural lands. Another barrier is the feeling that the value of property may decrease due to the extra high-density housing. People may thus grow cold feet in developing such resources or moving to these areas (Christopher 2). Also, crime and congestion may negatively affect the value of the assets arising from commercial developments in previously residential areas. Some also feel that quiet, non-commercial areas are turned into noisy and chaotic industrial areas thus disrupting the normal lives of the residents (Christopher

1. Introduction 2. Analysis of current position 3. Analysis of new project 3.1 Methodologies and processes of Valuation 3.2 processes of Valuation 4. Conclusion

There however are challenges in the industry occasioned by uncertainty on future spending on construction projects by the government. Moreover, the cost of doing business and the ability to increasingly make revenue have created a challenging environment for the construction firms. Therefore stakeholders in the construction industry are concerned with whether the government would increase its spending and whether the public construction projects will be available in the future since less than 10 percent are currently financing their clients.

One cold Saturday morning, I was waiting to get picked up by one of my bosses’ employee’s. As I waited in the grey fog, a white Ford pick-up truck pulls up slowly beside me and a man named James greets me, then tells me to hop in the truck. We head over to the construction site and the drive was about thirty-minutes long, we drove across the Inland Empire until we arrived at the site of Moreno Valley. There awaited a man named Salvador, who surprisingly shared the same name as me! He is a licensed contractor, who’s in charge of running his company called Chava’s Plastering INC. as well as supervising his construction team. In the yard, there were large metal strips laid on the dirty ground and I met the crew, such as the mixers and

Project finance is a term used freely by a number of professionals including bankers, journalists, and academics in order to describe a variety of financing activities. Project finance is a decades-old term that preexists corporate finance. However, the rolling growth in infrastructure undertakings in the developing world funded by privately financed organizations is continuously attracting greater attention. When considering financing for development, there are two main issues that need to be taken into consideration. Firstly, the capability of financing must ensure adequate public spending meets anticipated social and economic ventures. Secondly, the ability of long-term financing to provide economies that require and growth and development enough capital to grow to their full potential.

Abstract: With the development of the city construction, the investment in construction is increasingly expanding. However, the construction is large-scale and the number of construction project still under construction is amazing. The projects quality problems have taken place on a national scale with some extent of the damage. In order to ensure the construction projects went well, it is necessary to strictly supervise the whole process of construction project from supervision department. Keyword: construction supervision, construction quality, the develop actuality.

Rationale: The purpose of this paper is to analyse some causes constraining the construction process in Vietnam in recent times, and therefore, to recommend a number of solutions.