Project Proposal for the construction of Mixed use Building

Project Proposal for the

construction of Mixed use
Building

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 Project Proposal for the construction of Mixed use Building

PROJECT TITLE: - PROJECT PROPOSAL FOR MIXED USE BUILDING

Table of Contents
1 Executive Summary..................................................................................................................................3
2 Introduction..............................................................................................................................................4
2.1 General Background..........................................................................................................................4
2 Project Objectives.....................................................................................................................................5
2.1 General Objective..............................................................................................................................5
2.1.1 Specific objective........................................................................................................................5
2.3 Project description.............................................................................................................................5
2.4 Project Rationale...............................................................................................................................6
2.5 The significance of the project...........................................................................................................6
2.6 Project Location.................................................................................................................................7
3.1 Target customers...............................................................................................................................9
3.2 Marketing promotion and strategy....................................................................................................9
3.3 The project facilities and Services plan............................................................................................10
4 Technical Studies....................................................................................................................................11
4.1 Description of the project Service....................................................................................................11
4.2 Land Use Plan..............................................................................................................................11
4.2 Construction work and Technology.................................................................................................11
4.2.1 Construction schedule..............................................................................................................11
4.2.2 Architectural Design & Layout..................................................................................................12
4.2.3 Structural design.......................................................................................................................12
4.2.4 Reinforced concrete.................................................................................................................12
4.2.5 Foundation Design....................................................................................................................13
4.2.6 Construction and Renovation Plan and process........................................................................13
4.3 Utilities.............................................................................................................................................14
5. Project implementation....................................................................................................................14
6 Financial Requirement and Analysis.......................................................................................................15
7 Conclusions.............................................................................................................................................15

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 Project Proposal for the construction of Mixed use Building

1 Executive Summary

KEY INFORMATION HIGHLIGHTS

PROJECT OWNER

PROJECT TITLE Mixed use Building

LAND REQUIREMENT 625 m2

PROJECT AREA

PRODUCTION CAPACITY 1basement and G+3

PRODUCTS TO BE MANUFACTURED
Rent for Banks, offices, Shopping malls

MARKET Domestic

COST OF THE PROJECT 350 Mn

PROJECT LIFE 10 YEARS

NUMBER OF WORKING DAYS 365 DAYS

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 Project Proposal for the construction of Mixed use Building

2 Introduction

2.1 General Background

The current dynamic economic growth of Sri Lanka necessitates equivalent growth of building
and construction sector. The sector should expand rapidly to support the overall economic
development sustainable.

In the building sector of the economy, the multi- purpose in the one becoming rapidly
expanding since dynamic economic development of urban economy requires the construction
of these buildings in the city to support the growing of business service sectors like
supermarkets, Beauty salon, shops, offices cinemas, Computer Center, Cafeterias, restaurant,
assembly hall, apartments and other activities. In this regard, mixed used building expands in
the all parts of the cities in Sri Lanka.

Investment and property development play an important role in any emerging markets or
economies. Property generally comprises commercial real estate property (mainly mixed us
building) developed for rental business and sale.

To this effect, the owner of the envisioned Mixed Use Building vvvv who has been living for
long time in this city, planned to construct in Mixed use Building and undertaken this report to
give conceptual presentation of this project.

Besides, the government policies and incentives for the private sector investment are very
promising that motivates the promoter to engaged in mixed use building business.

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 Project Proposal for the construction of Mixed use Building

2 Project Objectives

2.1 General Objective

The major goal of this project is to contribute towards the growth of the banking and trade
sector in Ruwanwella. Its specific objectives include the following.

2.1.1 Specific objective

 To construct and develop modern space for banks, shops, offices, and restaurant & cafeteria
facilities that enable to provide standard services to customers.
 To undertake trading and other refuted business activities that enable to generate a
reasonable to the invested capital.
 To develop modern business centre that would provide full services on city standard.
 To create employment opportunities.
 Contribute towards the beautification of the city through the construction of modern
building infrastructure and facilities.
 To establish economically viable, socially acceptable and environmentally friend mixed
use Apartment.

2.3 Project description

The long-term goal of the project is become the best choice trade center in the city. The
proposed project will have a total area of 1600m2, designed to reader a multipurpose giving
business, which will in turn plays significant role towards solving shortage of business center in
xxxx.

The historical nature of the city as business unique location in one of the most attractive center
in xxxxx. The owners plan the project to render banking and insurance, shopping facility, offices
and cafeteria services to create high quality class to satisfy the interest of customers in the city.

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 Project Proposal for the construction of Mixed use Building

Based on environmental and other considerations, the entrepreneur has determined the type
and size of the building which is already determined by the site; conceptual planning and
preliminary analysis have been carried out by analysts.

In order to attract its clients to the service, the project will develop high standard shop &
banking rooms and office of best choices and will also save best quality restaurant and café.

2.4 Project Rationale

The existing promising investment opportunities, the demands of service needs along with
relatively sound investment support made by the government in such kinds of feasible projects,
compelled the project promoter to initiate the multipurpose oriented business project to be
established. Despite the promising business opportunities of the city, the trend on such kinds of
investment found to not enough. The mismatch between the demand for and supply of such
kind of services in easily observed in the city.

Therefore, the existing shortage or absence in the supply of these services, along with its
commercial and administrative access, better location and infrastructure access, escalating
trend of urbanization and business activities, thus it is with such reason that this project is
identified and proposed and assumed to be more profitable.

In general, the country’s privatized and free market economy; good governance creates a
favorable environment for the development of investment for private investors.

2.5 The significance of the project

The envisaged project deemed to add to the economic development of the city in general in
specific with following ways:

A. Source of Revenue

As public policy of any nation, the government collects different forms of taxes from different
business organizations and individuals. Among the different forms of taxes, business income

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 Project Proposal for the construction of Mixed use Building

taxes, payroll income tax and VAT are collected from undertaking business activities. Therefore,
the building will serve as sources of revenue for the city.

B. Employment opportunity

One of the problems that our country faced is unemployment. Therefore, the current objective
of the government is working on tackling the problem of unemployment and fostering the
development process either through creating self-employment or employment in other
organization. Hence, this project will hire 5 individuals and more than thirty individual during
construction.

2.6 Project Location

xxxx

Proposed building Properties

Proposed project

Closed Plan view of Map

Owned Land

Land proposed to buy

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 Project Proposal for the construction of Mixed use Building

3 The market Study

Commercial building/office sector has shown a dynamic change in the past few years. The
reason for this could be rapid economic change and a supporting public infrastructural
development. Other factors relevant in the specific case of commercial buildings are the large
increases in national and international businesses, particularly firms in the services sector.

The business of multipurpose buildings in xxxxx in booming highly due to the recent rapid
urbanization. As a result, a good number of local banks, insurance companies came to the city.
Government offices which used to operate in limited spaces all over the city are also
concentrating on leasing new and modern buildings. Increasing numbers of organization which
in the past had typically converted residences into office space are now moving towards renting
whole floors or even multiple floors in modern city-center commercial buildings.

3.1 Target customers

The target customers of this envisaged project include:-

1. Banks and insurance companies

2. Business Community
3. Business organization
4. The government bureau

5. Non-governmental organizations

3.2 Marketing promotion and strategy

In order to penetrate and gain considerable market share, one of the major marketing
strategies for the project is consistently rendering quality service to its tenants. Due emphasis

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 Project Proposal for the construction of Mixed use Building

must be placed on improving quality of service and facilities. The major marketing strategies to
promote the project and gain considerable market share include:

 Advertising through different means focusing on the existing service and facilities
 Promote in association to the key location and nearby business
 Working on sustained promotional work.
 Working on public relations to reach and influence key personas and organization with
a capacity of making decision.
 Keeping the quality of its service/ facilities and consistently improving with changing
situations.

3.3 The project facilities and Services plan

In order to provide mixed use business center building services of a high standard, it has been
planned to construct and develop the infrastructure and facilities that would viable to meet the
requirements of a standard business center. Accordingly, various buildings and facilities will be
constructed phase by phase starting with the most needed ones that are essential to
commence the operation of its business activities. With the completion of construction, the
building will provide a combined service such as shops, offices, restaurant and café service as
well as modern business center that primarily serve its guests and major clients.

Table 2: The plan is that the ground will be partitioned in to different rooms:

Building Description Measure space

2
Basement Parking Service/ shops Ft 4000
Ground Floor Banking & Insurance / Ft2 4000
Supermarket / Pharmacy/
1st floor Bank/ Salon / shop , Computer Ft2 4000
Center, Cafeteria and Restaurant
2 nd to 3rd Floor Insurance companies / Stores Ft2 5000
/governmental and other offices
Total

Since the project will be engaged in mixed building the main sources of its annual revenue
would be from the rental of building spaces such as shops, offices, and banking, café and

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 Project Proposal for the construction of Mixed use Building

restaurant. Therefore, the sources of revenue have been classified in to one category namely
the rental of banking and supermarket, offices, shops, bedrooms restaurant and café based on
these classifications. Based on the market price of similar mixed use building in the area, the
envisioned buildings set the following fair price (Before VAT) for its service, hence when the
building construction fully get operational it is assumed to generate a yearly income of Rs 12
Mn.

4 Technical Studies

4.1 Description of the project Service

The envisioned mixed purpose building will provide different rental services to the different
customer groups for different purpose. The building will have basement, ground and twelve
floors. The purpose of the building explained as follows;

 The ground floor, first floor second floor and third floor designed for different business
centers like banks, supermarket, beauty salon(man and women), Computer center,
pharmacy, internet café, different shops and other business activities,

4.2 Land Use Plan

The total land required for the envisioned project is estimated to be 625m 2. The total area for
the construction of the building will be 500m2.

4.2 Construction work and Technology

4.2.1 Construction schedule

The construction project is proposed to be started on 2023, and is expected to be finished

within a 1.5 years . Construction schedule time is made up of five major activities; concrete,
building Enclosure, masonry, mechanical and Electrical install. Concrete activities include
processes such as placing foundations and slab on deck. The Building Enclosure Phase includes
erecting the scaffolding that will allow for exterior sheathing installation and bricklaying.

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 Project Proposal for the construction of Mixed use Building

Mechanical and Electrical install coincide with each other due to the need for coordination
between the two divisions. There are several periods of construction during the schedule in
which there are multiple construction activities occurring at the same time.

The construction site must be organized accordingly as these processes take place. As with any
construction project, the goal is to complete all construction activities before the required Date
of completion.

4.2.2 Architectural Design & Layout

Although functional spaces for the project were laid out in significant detail, the rest of the
building had designated spaces but set layouts. It was at the discretion of the project promoter
to devise typical layouts for the non-detailed commercial and office spaces. To make sure that
the building’s layouts were practical, the project owner researched typical architectural layouts
for laboratory and executive office spaces. The walls and partitions throughout the floor will
congruent with the structural frame and column locations.

4.2.3 Structural design

One of principle deliverables of the project is the structural design of the building. The
structural bays were coordinated with the layout of the building adjustments will be made to
the bays if specific layouts are necessary. The frame will be made up of a grid with repeating
standard structural bays. Included in the structural system are bay sizes, shape and size of
structural members, floor compositions and curtain walls. These elements were established to
resist gravity ad lateral loads as appropriate.

The gravity load design will completed for two frames; one of structural steel and one of
reinforced concrete. The structural steel frame will chose for further design based on cost per
square foot, local availability of material and constructability considerations, such as erection
and fabrication. The steel system will then designed for lateral loading with necessary
adjustment being made to framing.

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 Project Proposal for the construction of Mixed use Building

4.2.4 Reinforced concrete

The project group prepared hand structural design calculations for a typical bay of a reinforced
concrete frame. In all reinforced concrete bay designs, a superimposed dead load as per BS
codes will be assumed for mechanical equipment, floor coverings and ceilings.

Loads will be calculated based on the requirements of the minimum Design loads for Buildings
and other Structures.

4.2.5 Foundation Design

The design of a superstructure may be accurate, have considered all possibilities and still fail
because the substructure is incapable of distributing the applied loads to the supporting soil.

Foundation design takes more into consideration than merely the loading from the columns.
While the main part of the project focused on the structural frame and its alternate designs, a
preliminary foundation plan was designed based upon maximum load carried from the
superstructure through the columns. The foundation design conducted by the project team
consisted of the selection of foundation type, determination of the bearing capacity and the
design for typical interior and exterior spread footings .

4.2.6 Construction and Renovation Plan and process

Based on a general program of the project owners the consultant who is going to be hired
makes site studies, develops structural designs, prepares drawings and specifications,
determines quantities involved and estimated the resultants costs. All these activities will be
done in the first phase of the project which is the design stage after the document are
produced by the designers have been received, and the works secured the project is supposed
to enter the tendering stage. At this stage contractors study the project document analyze and
subsequently determine the construction methods, built up their unit rates and submit their
bids for the works. The promoter of this project intends to compare the bids and award the
contract for the lowest responsible bidder. This, is of course, presupposes that the favorable
proposal does not exceed the allocated budget.

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 Project Proposal for the construction of Mixed use Building

After the award is made and the contract signed between this project owners and the
contractor, the project constructor is expected to prepare and submits a detailed construction
program which includes material schedule, manpower requirement and cash flow forecast.

After the award is made and the contract signed between this project owner and the
contractor, the project constructor is expected to prepare and submits a detailed construction
program which includes material schedule, manpower requirement and cash flow forecast.

4.3 Utilities

A number of utilities world be put in place in order to ensure smooth functioning of the project.
These utilities include:

 Electricity supply
 Water Supply
 Telephone and Internet broadband
 Fuel, Oil & Lubricant

5. Project implementation

The project’s implementation is expected to take 24 months. The major activities include Bank
loan processing construction of the building, cleaning the area around the building,
Procurement of equipment’s and start rendering services. The time schedule for major activities
is presented below:

Table 7: project Implementation schedule

SN Activities Date
1 Preparation Project Proposal Oct 2022
2 Bank loan processing Dec-Feb 2023
3 Site Development March 2023
4 Building and construction work Apr, 2023-Apr 2024
5 Preparation for service May, 2024
6 Service execution June, 2024

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 Project Proposal for the construction of Mixed use Building

6 Financial Requirement

The financial resource is a prime resource for undertaking any activities. Hence for
implementing this mixed use building break down for following preliminary activities

Activities Amount (Rs in Millions)

1 Purchasing of adjacent building and Land 150 Mn
2 Initial planning Stage for approval process 2 Mn
3 Site Development 3 Mn
4 Building and construction work (1.5 lks per sq meter) 240Mn
5 Furnishing 20 Mn
6 Total 415 Mn

A total of 40 Million is required. The amount will be covered through loan from bank at the
prevailing interest rate.

7 Conclusions

The objective of this proposal study is primarily to give an overview about project. The
proposed feasibility may form the basis of an important investment decision and in order to
serve this objective, the document covers various aspects of Concept Development, Start-up,
and Construction requirement.

The project is accessible and has the necessary infrastructure such as road, telephone, water
and electric power. The proposed project need to be identified all the necessary equipment,
inputs, management of the company and the required man power. The highest authority in the
project will be vested in the hand of the owner. He will control the overall activities of the
proposed project. Demand projection divulges that there is high demand for feed production in
the country. Accordingly, the planned project is set to provide quality products in the area.

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 Project Proposal for the construction of Mixed use Building

The proposed project possesses wide range of economic and social benefits such as increasing
the level of investment, tax revenue and employment creation for both women and youths. It
will have also environmental concerns to protect it by planting trees around its working area
and by utilizing environmental friendly raw materials. Generally, the project is technically
feasible, financially and commercially viable as well as socially and economically acceptable.
Hence the project is worth implementing.

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 Project Proposal for the construction of Mixed use Building

Annex 1 – Conceptual 3D Moods of Modern Multiuse Building

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Project Proposal for the construction of Mixed use Building

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Project Proposal for the construction of Mixed use Building

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