Question
a. Conduct an online research and identify the fixed and variable costs related to construction . b. Now consider the following data related to selling
a. Conduct an online research and identify the fixed and variable costs related to construction.
b. Now consider the following data related to selling price in each project
Bay’s Chayaneer: Tk 25000/ sqft
Bay’s Lyra: Tk 23000/ sqft
Bay’s Selste: Tk 22000/ sqft
For each of the projects determine the selling price by apartment type.
c. One of the customers at Chayaneer and Lyra, decide to customise their apartment. While customising, in both sites, he wants to install a food lift, some cabinets and central air-conditioning. Costs related to the customisation are given below
Food lift: Tk 42000/ lift/ site
Cabinets: Tk 24000/ cabinet/ site (Each site will have 3 cabinets each)
Central Air Conditioning: Tk 90000/site
Justify whether the customization should be allowed based on profitability analysis and qualitative justifications.
d. The project management cell (PMC) is responsible for allocating cost and monitoring it over a project life cycle. How can the PMC department at Bay fulfil this process ensuring responsibility budgeting?
25 years ago, Bay started out with a single promise to our customers - quality. Unwavering from that pledge, our buildings are a testament to the values of hard work, dedication, and entrepreneurial spirit - all qualities central to our legacy. Each Bay project is a landmark, charting the course of our momentous 25-year journey. Behind the scenes are numerous notable milestones, all of which are outcomes of leadership and innovativeness. Such achievement is only possible when a team is fully dedicated to the goal of attaining all-round excellence. Innovation has propelled Bay to progress and remain a leader. Focusing only on the high-end of the market challenged us to introduce novel ideas with each successive project so much so that, over five dozen of such amenities and features found in today's high-end Dhaka apartments are undisputedly Bay's contribution, and many are now part of the National Building Code. As Dhaka's real estate market evolved, so did the customers' demands. The moment Bay began to offer a one-stop solution, with complete interior fit-out customizable to the family's specific needs, it was a hit - and the market followed suit. With the longstanding commitment to deliver durability and value, Bay also pioneered the advent of professional building maintenance and management.
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