QUOTE(leonard73 @ Feb 29 2016, 02:03 PM)
looking for self contain and off grid models.Ask me anything abt Construction Industry!, Q&A
Ask me anything abt Construction Industry!, Q&A
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Mar 1 2016, 08:51 AM
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Senior Member
6,249 posts Joined: Jul 2006 |
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Mar 1 2016, 04:56 PM
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Junior Member
29 posts Joined: Feb 2016 |
making rumah kampung howmuch nowdays? rumah kayu.
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Mar 2 2016, 12:29 AM
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9,206 posts Joined: Jun 2006 |
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Mar 2 2016, 01:08 AM
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29 posts Joined: Feb 2016 |
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Mar 2 2016, 01:43 AM
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9,206 posts Joined: Jun 2006 |
QUOTE(mod_pls_ban_srs @ Mar 2 2016, 01:08 AM) if using timber , should be too expensive. no cengal meranti or belian type. that is forĀ luxurious house. can reach million. those woods not really that expensive if know where to get. unless u end house owner then kena potong This post has been edited by ar188: Mar 2 2016, 01:45 AM |
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Mar 3 2016, 06:13 PM
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Junior Member
50 posts Joined: Jan 2016 |
QUOTE(iwubpreve @ Oct 17 2014, 01:30 PM) hey guys, u may ask me anything about construction industry and i'll try my best to answer all ur question. I want to become a subcon, what I should do first?Construction Industry is so complex and actually affect various party namely, House buyer / Purchaser Developer Consultant (Architect, Engineer and etc) Main Contractor Subcontractor / Vendor / Supplier Local Authority (DBKL, BOMBA, SYABAS, TNB, TELEKOM, POS, JKKP, IWK and etc.) u can also ask me about construction law. I know a lot abt that too Any advice friend |
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Mar 3 2016, 06:45 PM
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1,829 posts Joined: Mar 2013 |
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Mar 3 2016, 07:05 PM
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50 posts Joined: Jan 2016 |
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Mar 3 2016, 11:31 PM
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105 posts Joined: Jul 2012 |
QUOTE(Klonelshaw @ Mar 3 2016, 06:13 PM) Make sure you have enough bullets to be subcon. If you dealing business with developer or main on, do have a preparation of slow and bad paymaster. I would either suggest you go do renovation works or getting small or medium government projects. |
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Mar 7 2016, 10:33 PM
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Junior Member
221 posts Joined: Oct 2015 From: Singapore |
Hi Guys,
How many of you here are consultants? I am Buildin services / M&E engineering consultant. Cheers. |
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Mar 8 2016, 10:29 AM
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Newbie
0 posts Joined: Aug 2012 |
QUOTE(iwubpreve @ Oct 17 2014, 01:30 PM) hey guys, u may ask me anything about construction industry and i'll try my best to answer all ur question. Base material cost for a 20'x70' double storey is how much at minimum? How many party it went through, and each party mark up how much for profit? Construction Industry is so complex and actually affect various party namely, House buyer / Purchaser Developer Consultant (Architect, Engineer and etc) Main Contractor Subcontractor / Vendor / Supplier Local Authority (DBKL, BOMBA, SYABAS, TNB, TELEKOM, POS, JKKP, IWK and etc.) u can also ask me about construction law. I know a lot abt that too In the end if I pay RM500k for that house, actually how much profit is made by all parties involved? |
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Mar 8 2016, 10:47 AM
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1,829 posts Joined: Mar 2013 |
QUOTE(louisckw @ Mar 8 2016, 10:29 AM) Base material cost for a 20'x70' double storey is how much at minimum? How many party it went through, and each party mark up how much for profit? previously I done 1 checking on actual cost for some project. data is like this.In the end if I pay RM500k for that house, actually how much profit is made by all parties involved? QUOTE(iwubpreve @ Apr 11 2015, 01:46 PM) varies. i can tell u this markup go through many level already. for developer, 25% is profit while 75% is expenses to build the building up. Out of 75%, 60% is main con and the balance 15% goes to consultant fee, local authority contribution, marketing & advertising, and etc. Out of 60%, 54% is actual cost given to subcon fixing cost and maincon supervision cost while 6% is main con profit. out of 54%, 46% is the material and labour subcon use while 8% is subcon profit. in conclusion, actual material and labour cost to build is just 46% of course this is different from project to project |
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Mar 8 2016, 11:02 AM
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Newbie
0 posts Joined: Aug 2012 |
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Mar 8 2016, 11:09 AM
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1,829 posts Joined: Mar 2013 |
QUOTE(louisckw @ Mar 8 2016, 11:02 AM) additional almost 100% of the house value also goes to the bank... means if house is 500k, in the end already paid the bank 1 million including interests... actually those money needed to spend. those consultant, management practice their professionalism and skill so u can stay in a safe place. |
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Mar 8 2016, 11:10 AM
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0 posts Joined: Aug 2012 |
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Mar 8 2016, 11:39 PM
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Junior Member
221 posts Joined: Oct 2015 From: Singapore |
QUOTE(louisckw @ Mar 8 2016, 10:29 AM) Base material cost for a 20'x70' double storey is how much at minimum? How many party it went through, and each party mark up how much for profit? Share my opinion.. I could be wrong, but hope at least i am making sense.. hehe.In the end if I pay RM500k for that house, actually how much profit is made by all parties involved? Best person to answer this question will be people from developer or Quantity surveyor, aka cost controller. During design and planning stage, usually the developer will keep a data / spreadsheet of all the cost of the projects. That includes all the consultants fees, land cost, project budget (contract sum of the projects), their internal cost (project team, marketing, admin, etc), authority clearance fee / contribution, and other unforeseen cost, etc. From there, they will work backward to to see the Net Sale-able Area to determine the selling price of the units. So that is how they pass this info to the marketing team and thus the selling price is revealed to all the buyers. Sometimes could be other way round which means the marketing team done a survey what is the market requirement.. like what size of the units are preferred, what must be provided, facilities, and affordable price by the people for that properties. Then the project will work to meet the budget. To answer your question, each party mark up how much for profit. Depends on how you see it. Developer just have to take note all the cost as i mentioned above. Perhaps u might be asking how much contractor has mark up each items to their client / developer. Maybe take an example of supply of floors tiles. Floor tiles supply this at one price, then local distributor mark up it and sell it to the floor tiles contractor. And there is X contractor won a contract from developer. X contractor sub-contract it to Y contractor to run the show where they appoint the floor tile contractor to do the job. So you can decide how much things has been marked up from there. (of course sometimes contractor also getting bulk supplies with cheaper price, but have to cost in for installation cost, warranty / defects ). Hope that answer your question. In a way, developer may be able to sell at cheaper price if they have their own construction team. (developer cum contractor.. but not always the case). |
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Mar 9 2016, 12:24 AM
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Junior Member
105 posts Joined: Jul 2012 |
Based on my observations, studies and experience. This is just sharing a piece of my thoughts and there is no right and wrong for property costing or any other fields such as cars, foods, clothes, private hospitals or schools and etc.
Since we are talking about construction costing and profits of each earning. I would like to break it down as below. 1. As developer, it is controlled by our local housing department. All developer license and sales permit mostly handling by this department including bumiputra lot and non bumi lots. One of the criteria is that developer must submit their gross developement value vs their nett sales margin. This value must be exceed of 15% margin. Duration of granted approval is another issue as wages are being paid monthly to the office employees. 2. Architect, C&S engineer, m&e engineer, surveyor, quantity serveyor (QS). This are major professional that developer will hire for a basic project. Their charges varies from 15% to 20%, it depends how big is your project and started engaging them one by one from your land purchased. This hasn't counted the land need to be clear, Level, reclamation, cut or remove excessive soil. Another aspects are soil investigation and load investigation. 3. Contractor. Contractors tendering each projects also based on their own rate as some factors do affects their rate such as overhead expenses and self ownered machineries or not, and their skills, but do not worry on this part as there is a market rate for this. But do remember costing for projects are much more different from renovation costing. 4. Materials costing. One of the key factors. This also depends on developer and architect as design concern or cost concern. For example floor tiles, floor types do have few qualities and types such as homogenous, marbles, timbers, cement screening and etc. all price are varies. Another aspect is suppliers, some can get a good deal for a same supplier and some not. 5. Workers, it depends on either on skills workers and local or imported. This is because their wages also one of the key factors. 6. Marketing. Normally fixed of this about 1~3% of total sales for dis department. It will cover all sales personnel wages, brochures, phone bills or some advertising and lastly commission. This allocation starts from first launching till completed sold all units. Time is a main key factor. Marketing will determined by developer depends on few factors. Targeted market, demands and workmanship and services. basically these are the factors influenced the property selling price. There are many more factors which I yet to fact in as if I do put in, then end up I will be writing a book. Sorry if I wrongly mentioned as this is based on my area. All pricing are varies from each state. Sorry for the wrong msg. |
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Mar 9 2016, 01:53 PM
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Junior Member
65 posts Joined: Jan 2011 |
how long is the period for latent defect?
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Mar 12 2016, 02:39 PM
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Junior Member
221 posts Joined: Oct 2015 From: Singapore |
QUOTE(life's not fair @ Mar 9 2016, 01:53 PM) are you asking for your own property?Should be stated in your S&P agreement. May refer link below but it could be very outdated. QUOTE http://www.malaysianbar.org.my/conveyancin...ousing_act.html Defect liability period The defect liability period, which requires the developer to make good any defect shrinkage or other faults in the house, has been increased from 18 to 24 months. |
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Mar 12 2016, 11:32 PM
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Senior Member
1,130 posts Joined: May 2006 |
QUOTE(chickenessence @ Mar 12 2016, 02:39 PM) are you asking for your own property? I believe he is not asking for defects liability period (dlp). Should be stated in your S&P agreement. May refer link below but it could be very outdated. Latent defects is if i am not mistaken a defects that we discover after dlp finish. |
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