Essays on Project Report Assignment

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March 25th, 2009TABLE OF CONTENTSContents……………………………………………………………………2Abstract…………………………………………………………………. .3-4Introduction: Background…………………………………………………………. Purpose. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. Scope ……………………………………………………………. 556 4. SECTION A: CONSTRUCTION ORGANIZATIONS A1. An Opportunity In The Construction Industry That Can Be Addressed With Civil Engineering Infrastructure Projects Or Programmes. A2. Preparation of documents required to register a company to address the problem or exploit the opportunity in A1 above. A3. The Commercial and Economic Considerations to Be Taken Into Account in the Formation of the Housing Company. 7-89-1314-20 5.0 SECTION B: CONSTRUCTION PROJECT Appraisal……………………………………………. .. B1. Three or more mutually exclusive projects to be considered and their professional and ethical considerations B2.

Individual Project Cash flows and an appraisal as to which project the company should take forward for the projects in B1.22-2932-35Conclusions………………………………………………………………. .36Recommendations…………………………………………………………36References………………………………………………………………. ..37-38AbstractThis report begins with a basic introduction giving an insight into the general background of civil engineering as a field. It then touches on the commercial and economic context within it operates. It then delves into the purpose which is to understand construction economics as well as the scope which focuses on a construction project in the UK and Iraq in the year 2009.In Section A, it goes on to detail an opportunity in the construction industry that can be addressed with civil engineering infrastructure projects and identifies the formation of a housing construction company in Iraq as a viable way of taking advantage of the poor state of housing in Iraq. Section A further gives a description of the documents that were prepared in the company registered.

The company name is Bollinton Housing Construction Company and some of the documents prepared were the Memorandum of association, the Articles of association, the Notice of AGM; share certificates; as well as the dividend voucher and dividend resolution. Thereafter, the Section A of the report provides a discussion concerning the commercial and economic considerations taken into account in forming Bollinton Housing Construction Company and some of the considerations discussed are the financial plan, capital availability, the costs of relocation, the poor infrastructure in Iraq, the costs of insurance, the burden of retention, among many other considerations.

Section B then focuses on the construction project appraisal. It first gives a breakdown of four mutually exclusive projects Bollinton Housing Construction Company may undertake with the accompanying justifications.

It then gives some of the professional and ethical considerations that are taken into account before these four projects are to be accepted. Section B goes on to calculate the cash flows of the four projects as well as their appraisals and discovers that the construction of homes is the most financially viable project to be undertaken at the present time. A conclusion is summarily given where the importance of economics is reiterated and recommendations are then given as to how to incorporate economics into civil engineering and construction.

A reference of the sources ends the report. INTRODUCTIONCivil engineering as a field has really made great advances over the years and plays a vital role in the development of the world. As long as there are human beings on earth, homes will have to built; roads will have to be constructed; dams will have to constructed and bridges too. All these civil engineering works assist the human race to get shelter, use transportation and in general, eke out an easier existence. As a field, it has a vital commercial aspect to it.

This is where construction economics comes into play as a crucial component of civil engineering. At the end of the day, civil engineering activities require a lot of capital, manpower and equipment for projects to be undertaken. Skill and technical know how are likewise required for it to flourish. The knowledge and application of project management is thus necessary and various management techniques need to be incorporated into projects so as to capitalise on the commercial potential of this field.

Evidently, therefore, civil engineering has a massive commercial aspect to it and is dependent on economics.

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