Professional Documents
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PROJECT INITIATION
All construction activity is the result of basic
economic demand. Individual consumers have
ongoing needs for homes, stores, roads, manufacturing
plants and similar facilities that provide food, shelter
and other goods and services to meet the needs of
daily life.
Specific construction projects arise because
corporations or government bodies recognize the need
for facilities to serve this demand and act to create
them.
FEASIBILITY ANALYSIS
Before any serious money is committed, an analysis is usually performed
to examine the proposed investment from several standpoints.
There must be a demand for the specific service or product.
The cost of actual construction must be taken into account. In time of
economic expansion, costs also increase.
The cost of money itself can be a key factor.
The timing of the project can be very important
FINANCING
At the end of its useful life, a project or facility may meet any one of a
number of fates. It may be closed down or simply abandoned. It may be
disassembled or removed. It may also be renovated or overhauled and
thereby brought back to peak operating condition or may be remodeled
and converted to another use.
Acosta, Kristopper Cruz, Darryl Jhones
Adalia, Ivan James Rancap, John Arvie
Angeles, John Angelo Tejon, Niel
Aldeguer, John Rei Torno, Aaron Paul
Barbacena, Ritz Renan Villanueva, John Gabrielle
Velarde, Jenzel
Galo, Amitacy
Cabulisan Jr., Elmer