L2B Opportunities unearthed in the last 30 Days – October 2022

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Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

The Differences between Residential & Commercial Construction

Commercial and residential construction makes up a significant portion of the construction industry. One houses people while the other provides the infrastructure for their daily needs. There are notable differences between residential and commercial construction aside from their uses.

The infrastructure and building systems required, building materials, funding sources and time of completion are different for residential than for commercial.

Commercial structures typically tend to be larger in scale and serve a larger number of people, though it might not always be the case. Whereas residential structures are usually smaller in size and are built for individuals and families.

Commercial construction includes; land investments, office buildings, storage units, retail space, and industrial buildings. Where residential construction includes, single-family homes, detached homes, townhouses, duplexes etc.

Both commercial and residential properties require a permit and must adhere to the building code requirements.

Regulations in commercial property construction are greater and generally stricter than in residential construction.

Safety is important for both residential and commercial structures. They are designed to handle emergency situations appropriately to ensure there are no fatalities. Today’s structures need to have the most effective and reliable safety measures in place in case of an emergency or accident. The concerns for residential construction tend to be less, however, this does not mean safety is not important for both residential and commercial structures.

Generally, commercial projects have greater complexity in terms of permits and codes because these buildings need to take into account a lot more than residential properties.

Every building design calls for different building materials. This means that each project will require an entirely unique set of materials in terms of both quality and quantity.

The cost of building commercial structures is significantly higher than residential buildings, even if they are of comparable size.

Commercial construction is typically larger scale and requires the use of specialized and sophisticated equipment.

Commercial projects take relatively shorter periods to complete than residential, and a homeowner takes time to rethink some decisions throughout the construction period.

The customization of design is another factor that sets the two types of construction apart. In residential buildings. The owner can be creative and personalize the layout. In commercial structures, everything must be in agreement with the pre-set standards and guidelines.

The location of either a residential or a commercial structure matters a lot. There are suitable and appropriate places for commercial facilities, just as there are those suited for residential structures. Acquiring land close to the road is more expensive than airing a piece of land on the periphery of the City. Commercial projects are usually set on a massive budget from the onset of the project. Comparing the purchase of land near roads or closer to urbanized centres is costlier than buying land on the outskirts.


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L2B Opportunities unearthed in the last 30 Days – September 2022

posted in: General 0

We put new business prospect leads within your reach.

Opportunities are researched throughout South Africa and Africa.

Find construction Tenders and Projects within the building, infrastructure, mining, and industrial sectors and more.

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Leads 2 Business Opportunities we have unearthed in the last 30 Days: for more information check out our Pricing Page.

 


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About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

The Importance of a Feasibility Study

What is a feasibility study for the construction industry?

In order for a project to succeed, it’s always beneficial to conduct a feasibility study, which outlines what contributors can expect from the project prior to devoting resources, time, or budget. New ideas may also emerge from a feasibility study that could completely alter the scope of a project. Rather than rushing into a project and discovering it won’t succeed, it’s better to make these decisions in advance. A preliminary study gets undertaken in the very early stages of a project.

These studies are prone to take place when a large project has been proposed such as a shopping centre, lifestyle estates and hotels, etc. The process gets used when there could be some doubt or disagreement in regard to the proposed development. These studies can determine whether or not the project is viable, remediations for the site or the best location to construct the proposed development.

The feasibility study plays a large role when considering and planning potential projects. The geologic hazards, hydrogeological conditions, Environmental Impact Assessment (EIA), Fault Studies & Seismicity, etc determine if a project is viable to move forward.

The Geologic hazard is for the design team to determine the best plans for your site.

The Hydrogeological conditions are the groundwater conditions.

The EIA is the impact it will make on the environment once the project moves forward.

Depending on the scope of work of your proposed project, the design engineer will determine if the EIA should be completed, and the Fault Studies & Seismicity of the geologic conditions are determined by the scope of work.  In most cases, government entities require the EIA to comply with the local laws and regulations. Feasible studies depend on the scope of your project and its functioning demands.

Performing a Feasibility Study ensures that time, money and energy won’t be wasted on the Project. There are five main aspects:

  • Technical Feasibility – The engineering team will determine if this project would be possible in a technical way.
  • Economic Feasibility – The cost-benefit analysis will determine if the project will be economically viable.
  • Legal Feasibility – This will handle your legal matters such as planning permissions etc.
  • Operational Feasibility – How well the proposed project resolves issues and has viable solutions.
  • Scheduling Feasibility – This is one of the most important aspects in my opinion. This is to determine a timeline for the proposed project, and whether it would be able to be completed on time and within the budget.

Upon completion of the feasibility study, various scenarios, as well as their implications, strengths and weaknesses, will be analyzed in detail. Due to the many, many factors explored in the study, it may still be difficult to decide whether to proceed, but with the accumulation of information, decision-makers will be empowered to make informed, educated decisions without second guessing.

 

 

Sources
CDMG
ORS

Small Business Chron
Sports Facilities
Go Bridgit
Extension IA State


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L2B Opportunities unearthed in the last 30 Days – August 2022

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We put new business prospect leads within your reach.

Opportunities are researched throughout South Africa and Africa.

Find construction Tenders and Projects within the building, infrastructure, mining, and industrial sectors and more.

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Leads 2 Business Opportunities we have unearthed in the last 30 Days: for more information check out our Pricing Page.

 


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Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

L2B Opportunities unearthed in the last 30 Days – July 2022

posted in: General 0

We put new business prospect leads within your reach.

Opportunities are researched throughout South Africa and Africa.

Find construction Tenders and Projects within the building, infrastructure, mining, and industrial sectors and more.

Our comprehensive, online, resource platform delivers daily leads to help you make informed business decisions.

Leads 2 Business Opportunities we have unearthed in the last 30 Days: for more information check out our Pricing Page.


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About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

Featured Company: Maswazi Marketing & Distribution

Read about who’s who in the Industry: Maswazi Marketing & Distribution is a woman-owned distribution agency that was established with the aim of simplifying the procurement of engineering products in the geotextile industry through solution-driven supply. Mazwazi serves various industries such as media, digital, civil engineering, construction and mining.

Maswazi Marketing & Distribution


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Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

Infographic: Projects

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Explaining Key Tender Vocabulary

Vocabulary is an important element in our day-to-day lives and it determines how people respond or react to what is being said to them. The vocabulary of a tender is the language or jargon that is used when publishing a tender, these words are used in order to attract the right people and people that will understand what is expected of them.

The important key element of a tender is what is being done and where is it being done. The type of work being done has to be stated as this is essential in sourcing the right people for the job if the tender requires building the tender has to state that it is for construction and if the tender is for consultants the tender again will state “professionals”. Another element is the location of the work and the duration of the work. The work may be done in a city, town, province or national for the period stated.

In the tender sector, different companies do different works therefore categorizing a tender is important. The vocabulary also gives an understanding of the category the tender falls under meaning a tender can be categorized as IT or Building or Trades based on the vocabulary that is being used.

Tenders usually have restrictions on who can tender and conditions to tender, these restrictions are usually in tender jargon or tender language for example a tender may require a CIDB grading in order to tender. A CIDB grading is a rank given to a construction company based on the value and experience of its past construction projects. The rank is based on work, financial and general compliance criteria.

A tender is time-based like most things in the world and time waits for no man. It is important to note the site inspection and the closing date as this is beneficial. For some tenders, a site inspection is important and compulsory and one cannot tender if they did not attend the site inspection most tenders will not under any circumstances accept late submissions therefore time is a very important element to note and respect when tendering.

Is there any tender vocab we missed that you’d like covered? Drop a comment below.


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Crypto and Construction


Cryptocurrency, also known as Crypto-currency or Crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions.
Cryptocurrencies do not have a central issuing or regulating authority. A decentralized system to record transactions and issue new units is used instead.

The first Cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today.

Cryptocurrency is a peer-to-peer system that can enable anyone, anywhere, to send and receive payments and does not rely on banks to verify any transactions. Cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer Cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is so-called because it uses encryption to verify transactions and is stored in a digital wallet. Advanced coding is involved in storing and transmitting data from wallets to public ledgers.

So how does it work?

Cryptocurrencies run on a distributed public ledger called Blockchain. This is a record of all transactions updated and held by currency holders. Cryptocurrency units are created through a process called Mining. Mining involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currency from brokers, and then store and spend them using the Crypto wallets.

Cryptocurrency is not tangible. You will only own a key that allows you to move a record or unit of measure from one person to another without a third party. It is also considered to be immune from inflation because there is a fixed supply and the Government cannot manipulate the value. The market manipulates the value based on supply and demand.

Are there any benefits of using Cryptocurrency?

Two of the significant benefits of using crypto are that there are fewer fees and the money is available almost instantly. Instead of paying bank fees for electronic transfers or credit card processing, providers pay less than a cent per transaction. Cryptocurrency can also be instantly transferred into cash and deposited into your bank account, cutting down the time it takes to get paid.

For international companies, using Cryptocurrency avoids exchange rate calculations and converting cash into different money types. Vendors will also have more control over their funds as transactions cannot be reversed by the purchaser. If a customer wants to get their money back, they must request it from the vendor. This protects vendors from customers who make purchases and then cancel and do not return the merchandise.

Crypto and Construction?

1. Smart Contracts
Smart contracts are automated contracts that reduce the necessity of intermediaries and can save time and money and are poised to make their mark on the industry. Blockchain is one way that these contracts can be updated and transactions recorded.
2. BIM
Building Information Modeling (BIM) technologies are being implemented on project sites.
When combined, BIM and Blockchain can work greatly to enhance the effectiveness of smart contracts. Combining BIM and Blockchain can work in holding all parties on a project accountable and creating a higher level of transparency. The combination could improve the effectiveness of BIM technology. Currently, BIM uses peer-to-peer networks for information sharing, but Blockchain could make updates in real-time. This constant feedback and monitoring would help with transparency, lead to better overall communication and ultimately result in a higher quality of workmanship on a project.
3. Payments
The Blockchain concept is built around a monetary exchange, as it involves Bitcoin and/or Cryptocurrency.
Blockchain can therefore be used to streamline payment processing. Getting timely payments to all stakeholders on a project tends to be a significant challenge for many companies.
Failure to pay on time can lead to conflict, and when a dispute arises, there is potential for the project to go south as a result. By increasing security and creating traceable information, Blockchain can improve the payment process. One technology poised to play a role is BuilderChain, a platform that’s designed to change the way sub-contractors are both hired and paid. It can better ensure that sub-contractors are paid fast and that relationships with good subcontractors are fostered.
4: Supply Chain Management
Blockchain can help trace physical items from origin to destination.
It can help improve transparency, which can help all parties stay on the same page and avoid potential pitfalls and oversights.
Similarly, Blockchain can help enable contractors to use unique digital identifiers to verify vendors and suppliers, and thereby grow their reputation over time based on how well their work is performed. These digital IDs can help a company verify the credentials of any subcontractors before they are hired.

The Cryptocurrency market is quite volatile, so users should be prepared for ups and downs. Cryptocurrency is relatively young and is considered highly speculative. If you plan to participate, do your research and invest conservatively to start. Do you think Crypto and Construction related applications will be adopted well in Africa?


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About Melanie Miles

One girl who would rather wear boots than high heels...

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