PROJECT TEMPLATE

I.
II.

Title of the
Project
Applicant
Contact Person

III.
IV.

Tacurong Development Center

Hon. Lina O. Montilla
City Mayor
Nestor C. Leguro
City Cooperative Officer
Mobile No. 09194078286
Email Address: nespeace@yahoo.com.ph

Type of
Public-Private Partnership
Investors for
the Project
Executive Summary of the Project
The proposed project is a construction of Tacurong Development Center which aims to address the needs for
seminar/training venue and facilities where sessions, workshops and various social activities of any
prospective clienteles can be undertaken.
The two-storey development center building will be constructed at Habitat, Barangay San Pablo, City of
Tacurong with an area of 35 x 25 meters. It will serve as a one-stop shop for cooperative housing for
different peoples organization, non-government and government offices. The project will be monitored and
managed by Mr. Nestor C. Leguro, the one who spearheaded the project and is the City Cooperative
Development Officer, where they endeavor to strive for excellence and competitiveness, promote
partnership, unity and will cater to the needs of different social development groups and cooperatives.
The Tacurong Development Center will entail a total project cost of Ph. 26,254,841.67 which will be
recovered approximately 3 years and 5 months. It can generate an income of Php 3,458,633.33 on its first
year of operation and a net profit ratio of 21.88%. The return on investment of the said project is 31% which
means for every peso invested in the business, there is a return of Php 0.31%. The financial result shows
that the investment for this project is highly feasible.

V.

Description of
the Project

a) Development Steps to be Implemented to Operationalize the Process

Phase I Construction of the Ground Floor (at least Completion of a Conventional Hall,
Kitchen, and Mess Hall)

Phase II Ground Development (Construction of Security Fence, Parking Area and

Landscaping)
Phase III Completion of the Ground Floor
Phase IV Construction of the Second Floor (at least completion of the dormitories)
Phase V Polishing to completion of the entire building
b) Timeline
The table below shows that it would take more or less nine months before the start of the
operation. It would take one month for the project proposal preparation. Another one
month for presentation of project proposal to different investors and MOA signing. After
the signing of MOA, construction of building, hiring of employees, acquisition of furniture
and fixtures, kitchen wares and equipment, installation of sound system and other
equipment will be done simultaneously. Then the operation of the business will
commend.
TIME TABLE
ACTIVITIES
Preparation of
Project Proposal
Presentation of
Proposal to
Investors of MOA
Signing
Construction of
Development
Center
Acquisition of
Furniture and
Fixtures
Acquisition of
Kitchenware and
Equipment
Installation of
Sound System
and Other
Equipment
Hiring of
Employees
Start of
Operation

Months
9
10

11

12

13

14

15

16

c) Stakeholders
The stakeholders of the project will be the members of the City Cooperative Development
Council and the Local Government Unit of Tacurong City together with its prospect
investor(s).

d) Expected Barriers
The expected barrier/s during the progression of the project will be the budget on
constructing the Development Center and being new entrant in the business, the
proponent would have to brace itself against the existing and established competitors.
Currently, the Office of the Development of Cooperatives is seeking investors for the
project.
VI.

Market Aspect

a) Domestic
The main target markets of the business are the domestic clients which are Private
Organizations/Institutions, Government Organizations/Agencies and Non- Government
Organizations that are usually in need of a place for conferences, trainings, executive
meetings and gatherings.

VII.

Technical
Aspects

a) Project Description
The proposed project of the Office of the Development of Cooperatives is a Development
Center which is aimed to provide a prime facility to cater the cooperatives and other
organizations as well as transient visitors in the city.
The building will be constructed into two-storey building with an area of 35 x 25 meters
and it will be situated at Habitat, Barangay San Pablo, Tacurong City. The development
center addresses the needs of cooperatives for the training space and facility needs
where important sessions and workshops can be undertaken. Furthermore, the

development center can be a venue for various social activities of any prospective
clienteles and it will serve as a one-stop shop for cooperatives housing to its members.
The primary goal of the Office of the Development of Cooperatives in enhancing the social
and economic contribution of cooperatives in the development of the City of Tacurong will
be concretely fulfilled. Through the physical structure, cooperative training will be
systemized, regularly held can be made more accessible to majority of the cooperative
officers and members.
If this project will materialize, it would be generating income primarily because the Local
Government Unit of Tacurong City is the only CDA Accredited Training Provider in the
Province of Sultan Kudarat that will cater all required trainings of the CDA and other
trainings designed for cooperatives. Aside from the cooperative trainings, there are also
seminars and workshops that are regularly conducted by the LGU for its employees,
hence a captive market is already established.
Further, the dormitory will be opened to the regular and transient guests and other
facilities will be open for lease to other institutions.
b) Sources, availability and cost of raw materials
NONE
c) List of Equipment and Furniture and Fixtures
The table below shows the corresponding cost of the equipment and Furniture and
fixtures with its useful life and depreciation expense.

EQUIPMENTS
Particulars
Power generator
Aircon (Window Type
2.5HP)
Aircon (Stand Type)
Projector (Epson EB1750)
Projector (Epson EHTW6000)
Sound System
Computer Set
Washing Machine
(w/dryer)
Total

Quantity
1
8

Cost
150,000.00
26,000.00

Total Cost
150,000.00
208,000.00

EUL
10
10

Depreciation
15,000.00
20,8000.00

6
1

75,000.00
43,000.00

450,000.00
43,000.00

10
10

45,000.00
4,300.00

119,000.00

119,000.00

10

11,900.00

2
2
2

50,000.00
30,000.00
60,000.00

100,000.00
60,000.00
120,000

10
10
10

10,000.00
6,000.00
12,000.00

1,250,000.00

FURNITURE AND FIXTURE

Particulars

Quantity

Cost

Total Cost

EUL

Sala Set
Table (for
session
halls)
Chairs
(Monoblock
type)
Double
Deck Beds
w/foams
Curtains
Table Cloth
Total

1
40

20,000.00
5,000.00

20,000.00
200,000.00

10
10

Depreciati
on
2,000.00
20,000.00

350

500.00

175,000.00

10

17,500.00

50

11,500.00

575,000.00

10

57,500.00

2
40

7,000.00
200.00

14,000.00
8,000.00
992,000.0
0

5
5

2,800.00
1,600.00
101,400.00

125,000.00

VIII.

Financial
Aspects

a) Sources of Financing
Grant/Loan Amount: Php. 22,292,000.00 (85%)
Equity Loan:
Php. 3,962,841.00 (15%)
b) Financial Statement
Financial Assumptions

Operating Expenses are expected to increase by 10% annually.

Food and Accommodation Rate is derived from 32-40% mark-up on Food and
Accommodation Expense.
The rate for Function Hall A is Php 2,500.00 while Function Hall B is Php
1,250.00
Daily rate for dormitory and Function Hall are expected to increase by 10% per
annum.
Projected occupancy rate for Function Halls and Dormitory are expected to
increase by 1 session/usage per month.
Straight-line method is used in computing depreciation expense.
There are 10 sessions per month.
The capacity of Function Hall A is 150 pax while Function Hall B is 50 pax.
The rate for package 1 is Php 250.00 which is composed of 1 Snack and Meal.
The rate for package 2 is Php 550.00 which is composed of 2 Snacks, 1 Meal
and 1 Night-Stay on the Lodge.
The rate for package 3 is Php 950.00 which is composed of 2 Snacks, 3 Meals
and 1 Night-Stay on the Lodge.
It is assumed that out of the total projected number of pax 10% of them will
avail package 1.
It is assumed that out of the total projected number of pax 60% of them will
avail package 2.
It is assumed that out of the total projected number of pax 30% of them will
avail package 3.
There are 30 Working Days per month.
Withdrawal is equivalent to Php 10,000.00 per annum.
c) Income Statement
Tacurong Development Center
Income Statement
Particulars

Year 1

Year 2

Year 3

Year 4

Year 5

IX.

Project Cost

Tacurong Development Center

Total Project Cost

Particulars

Equity

Loan/Grant

TOTAL

Fixed Assets
Land

875,000.00

Building
Equipments
Furniture and Fixtures
Kitchenware and Equipments
Subtotal

875,000.00

875,000.00
20,000,000.00

20,000,000.00

1,250,000.00

1,250,000.00

992,000.00

992,000.00

50,000.00

50,000.00

22,292,000.00

23,167,000.00

Working Capital (3
months)
Operating Expense

X.

XI.

3,087,841.67

3,087,841.67

Subtotal

3,087,841.67

3,087,841.67

Total

3,962,841.67

22,292,000.00

26,254,841.67

Output of the
Project

The expected output of the project will be the construction of Tacurong

Development Center building that addresses the needs for a training space and
facility needs where sessions and workshops can be undertaken. Furthermore, the
center can be a venue for various social activities of any prospective clienteles.

Outcome of the
Project

The City Cooperative Development Council in an organizational and

environmental scanning process articulated that a strong and sustainable
cooperative movement in the city will be fostered through the establishment of the
Tacurong Development Center. The Council through the center will endeavor to strive
for excellence and competitiveness, promote partnership, unity and will cater to the
needs of different social development groups and cooperatives. By leading capacity
building trainings, the key movers of the center will contribute towards social
empowerment especially among the citizenry of cooperators as important
stakeholders in community and local government efforts.