Subject and scope: Assume that you (as a group) are the top management of a REIT (real estate investment trust). Your organization owns a piece of land, 5050m. The lot is located on a major avenue (your choice). According to the urban settlement plan, KAKS =2.0, TAKS =0.6 and H= free. There is no limit for below ground construction, however below ground spaces can only be used as a garage, storage and technical space. Your organization never constructs its projects but always contract them out. Part I: Analyze and comment on the following topics, - Come up with an investment idea for the land and prepare a conceptual design (make a simple sketch) - Estimate the cost of your project and prepare the cash flow (make sure to include both the expenditure and income). Comment on the profitability of the project. - Select the project delivery system you prefer and explain why? - Prepare a draft contract Part II Now assume that you are the project manager of the contractor awarded the contract. - Prepare the organization chart (down to the level of subcontractors) to perform the project - Prepare a 50-100 activity construction schedule using GanttProject? - Make sure to write your assumptions (if any) in your report Part III In this part of your report, again assume that you are the Client of the project and explain how you will assure that the results you have foreseen in the beginning will be achieved. (i.e. your organization and procedures, time management, risk management etc.) Subject and scope: Assume that you (as a group) are the top management of a REIT (real estate investment trust). Your organization owns a piece of land, 5050m. The lot is located on a major avenue (your choice). According to the urban settlement plan, KAKS =2.0, TAKS =0.6 and H= free. There is no limit for below ground construction, however below ground spaces can only be used as a garage, storage and technical space. Your organization never constructs its projects but always contract them out. Part I: Analyze and comment on the following topics, - Come up with an investment idea for the land and prepare a conceptual design (make a simple sketch) - Estimate the cost of your project and prepare the cash flow (make sure to include both the expenditure and income). Comment on the profitability of the project. - Select the project delivery system you prefer and explain why? - Prepare a draft contract Part II Now assume that you are the project manager of the contractor awarded the contract. - Prepare the organization chart (down to the level of subcontractors) to perform the project - Prepare a 50-100 activity construction schedule using GanttProject? - Make sure to write your assumptions (if any) in your report Part III In this part of your report, again assume that you are the Client of the project and explain how you will assure that the results you have foreseen in the beginning will be achieved. (i.e. your organization and procedures, time management, risk management etc.)