BAY TURNS 25 25 years ago, Bay started out with a single promise to our customers...

  
 

Transcribed Image Text:

BAY TURNS 25 25 years ago, Bay started out with a single promise to our customers - quality. Un- wavering 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. BAY PROJECTS Bay's Chayaneer, Baridhara Launch: May 2021 Completion: 2025 Total Apartments: 10 Snuggled in the heart of Baridhara, Chayaneer exudes a certain sophistication that sets it apart. Packed with all the features and amenities expected in a premium apartment and more, this can be your perfect retreat. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. Every part of this 3,600 sqft apartment has been meticulously planned using the high- est quality materials, craftsmanship and interior design aesthetic. Bay's Lyra, Baridhara Launch: June 2021 Completion: 2025 Total Apartments: 14 Bay's Lyra stands testament to our unwavering commitment towards quality. Situ- ated amidst the tranquil neighbourhood of Baridhara, this seamless blend of style and functionality is set to become the perfect home. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. 4,500 sqft of clean, contemporary designer interiors, customized to meet the needs and wishes of each occupant complement the large patio gardens to bring a touch of elegance and nature into every unit. Bay's Seleste, Gulshan Launch: July 2021 Completion: 2024 Total Apartments: 12 (equally distributed based on size) Seleste is another of Bay's projects situated in Gulshan. An amalgamation of contem- porary design, nature, grandeur, customizable layouts tempered with the finest fit- tings and craftsmanship. All the sought-after hallmarks of a Bay project are on full display. Being located in the heart of Gulshan is yet another plus. The ground floor welcomes you with double height, professionally landscaped spaces with a water fea- ture, and exclusive lift lobbies. Single apartment floors of 3,950 sqft and 4,150 sqft offer exclusivity and an exotic rooftop garden with an adjacent pool are just some of the amenities on offer. Questions 1. Conduct an online research and identify the fixed and variable costs related to construction. (2 marks) 2. 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. (3 marks) 3. The variable cost of building depends on the apartment sqft based on the follow- ing range 2000-2800 sqft= Tk 15,000/ sqft 2801- 3900 sqft= Tk 18,000/sqft 3901- 5000 sqft-Tk 20000/ sqft Determine the break-even point for each project if the fixed costs are as follows Site Electricity: Tk 60000/ project Site Salary: Tk 95000/ project Site Machinery: Tk 105000/ project Site Common Costs: Tk 267000/ project. Lift Installation: Tk 568000/ project Gardening: Tk 273000/ project Pool installation: Tk 134000/ project (2*3=6 marks) 4. One of the customers at Chayaneer and Lyra, decide to customise their apart- ment. While customising, in both sites, he wants to install a food lift, some cabi- nets 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 analy- sis and qualitative justifications. (5 marks) 5. At the end of March, based on overall business processes, the accounts depart- ment at BAY presented the following data to the senior Management. Summary: Particular Cash inflow, sales and rental Cash outflow for expenses Excess/(Shortage) Budget (m) 396 208 188 Actual (m) 239 235 4 Using the above data and considering the following prepare a variance report giving detailed, possible explanations for the causes in variances in each category. Consider the following Cash inflow from Sales and Rentals Cash outflow for Expenses (1.5*2 = 3 marks) 6. The project management cell (PMC) is responsible for allocating cost and moni- toring it over a project life cycle. How can the PMC department at Bay fulfil this process ensuring responsibility budgeting? (6 marks) BAY TURNS 25 25 years ago, Bay started out with a single promise to our customers - quality. Un- wavering 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. BAY PROJECTS Bay's Chayaneer, Baridhara Launch: May 2021 Completion: 2025 Total Apartments: 10 Snuggled in the heart of Baridhara, Chayaneer exudes a certain sophistication that sets it apart. Packed with all the features and amenities expected in a premium apartment and more, this can be your perfect retreat. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. Every part of this 3,600 sqft apartment has been meticulously planned using the high- est quality materials, craftsmanship and interior design aesthetic. Bay's Lyra, Baridhara Launch: June 2021 Completion: 2025 Total Apartments: 14 Bay's Lyra stands testament to our unwavering commitment towards quality. Situ- ated amidst the tranquil neighbourhood of Baridhara, this seamless blend of style and functionality is set to become the perfect home. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. 4,500 sqft of clean, contemporary designer interiors, customized to meet the needs and wishes of each occupant complement the large patio gardens to bring a touch of elegance and nature into every unit. Bay's Seleste, Gulshan Launch: July 2021 Completion: 2024 Total Apartments: 12 (equally distributed based on size) Seleste is another of Bay's projects situated in Gulshan. An amalgamation of contem- porary design, nature, grandeur, customizable layouts tempered with the finest fit- tings and craftsmanship. All the sought-after hallmarks of a Bay project are on full display. Being located in the heart of Gulshan is yet another plus. The ground floor welcomes you with double height, professionally landscaped spaces with a water fea- ture, and exclusive lift lobbies. Single apartment floors of 3,950 sqft and 4,150 sqft offer exclusivity and an exotic rooftop garden with an adjacent pool are just some of the amenities on offer. Questions 1. Conduct an online research and identify the fixed and variable costs related to construction. (2 marks) 2. 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. (3 marks) 3. The variable cost of building depends on the apartment sqft based on the follow- ing range 2000-2800 sqft= Tk 15,000/ sqft 2801- 3900 sqft= Tk 18,000/sqft 3901- 5000 sqft-Tk 20000/ sqft Determine the break-even point for each project if the fixed costs are as follows Site Electricity: Tk 60000/ project Site Salary: Tk 95000/ project Site Machinery: Tk 105000/ project Site Common Costs: Tk 267000/ project. Lift Installation: Tk 568000/ project Gardening: Tk 273000/ project Pool installation: Tk 134000/ project (2*3=6 marks) 4. One of the customers at Chayaneer and Lyra, decide to customise their apart- ment. While customising, in both sites, he wants to install a food lift, some cabi- nets 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 analy- sis and qualitative justifications. (5 marks) 5. At the end of March, based on overall business processes, the accounts depart- ment at BAY presented the following data to the senior Management. Summary: Particular Cash inflow, sales and rental Cash outflow for expenses Excess/(Shortage) Budget (m) 396 208 188 Actual (m) 239 235 4 Using the above data and considering the following prepare a variance report giving detailed, possible explanations for the causes in variances in each category. Consider the following Cash inflow from Sales and Rentals Cash outflow for Expenses (1.5*2 = 3 marks) 6. The project management cell (PMC) is responsible for allocating cost and moni- toring it over a project life cycle. How can the PMC department at Bay fulfil this process ensuring responsibility budgeting? (6 marks)

Answer rating: 100% (QA)

1 VARIABLE COST FOR CONSTRUCTION A variable cost is corporate exp... View the full answer