a. Conduct an online research and identify the fixed and variable costs related to construction . b.
Question:
a. Conduct an online research and identify the fixed and variable costs related to construction.
b. 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.
c. One of the customers at Chayaneer and Lyra, decide to customise their apartment. While customising, in both sites, he wants to install a food lift, some cabinets 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 analysis and qualitative justifications.
d. The project management cell (PMC) is responsible for allocating cost and monitoring it over a project life cycle. How can the PMC department at Bay fulfil this process ensuring responsibility budgeting?