ASSIGNMENT

NICMAR / SODE OFFICE

1. Course No. - PGQS 31

2. Course Title - Valuation of Land and Buildings &
Machinery
3. Assignment No. - ___________________
4. Date of Dispatch -
5. Last date of receipt -
of Assignment at SODE office

ASSIGNMENT
Select a two or three storied residential complex project in an urban centre with
approx. 5000 sq.m. area and find the value of the property on behalf of the owner for
the purpose of sale.

General Assumptions
1. The main market area is 3 km. away
2. Railway station is 7 km. away
3. School is 1 km. away
4. Hospital is 1 km. away
5. General everyday shopping within 500 m
6. Nearest entertainment centre is 2 k.m. away.
7. Property is on freehold land
8. Age of the building is 20 years.

You may make other suitable assumptions and list out in the assignment.
 ASSIGNMENT
NICMAR / CODE OFFICE

1. Course No. - PGQS 32

2. Course Title - Projects Formulation &
Appraisal
3. Assignment No. - ____________________
4. Date of Dispatch -
5. Last date of receipt -
6. of Assignment at CODE office

ASSIGNMENT

Any company that has to survive in a competitive environment can not remain
complacent with the present. It has to continuously bring about change in order to
adapt to the altered environment.

Investment opportunities in India are today perhaps at a peak. Supported by Indias

natural strengths, the country offers investment opportunities in excess of $500 billion
in diverse sectors over the next five years.

Projects, that are endeavours to create unique products and services, are basically the
instruments leading to organizational growth. Projects have a long term impact on the
character of the organization. Projects create wealth not only for the organization but
also for the nation. Projects, therefore, form a very important part of the organizations
strategy for survival & growth and therefore are the main concern of the corporate
management.

Realising the tremendous opportunities, the most of the pragmatic organizations are
planning to invest in new projects. Every project starts with the perception of an
opportunity. The better this is characterised, the easier it will be to judge the levels of
expenditure and risk that are justified. Identifying the patterns by which technology
creates new products & services and exploiting them early gives the company a
significant competitive advantage.

In the light of your studies prepare an assignment on project formulation, evaluation

and appraisal of a hypothetical project by covering the following:

i. Market Analysis
ii. Technical Analysis
iii. Financial Analysis.

Reference Books

1. Prasanna Chandra, Projects: Planning, Analysis, Selection, Financing

Implementing & Review, New Delhi, 2006.

2. Walker A., Project Management in Construction, (4th Ed.), Blackwell

Publishing, London, 2002.

3. P. Gopalkrishnan & V. E Ramamoorthy, Text Book of Project Management,

Macmillan India Ltd., Delhi, 2001.

4. John M. Nicholas, Project Management for Business & Technology- Principles

& Practice,2nd edn, Prentice-Hall of India Pvt. Ltd., New Delhi 2004.

5. Harvey Maylor, Project Management, Pearsun Education Ltd., Delhi 2006.

6. G.O.I., A Manual on Project Implementation. Ministry of Programme

Evaluation (GOI), 1989/1994.

7. Iyer P. Parameshwar, Engineering Project Management: with Case Studies,

Wheeler Publishing, New Delhi, 2000.

8. Maylor H., Project Management, 3rd Edn., Pearson Education, New Delhi,
2003.
 ASSIGNMENT
NICMAR / SODE OFFICE

1. Course No. - PGQS 33

2. Course Title - Contracts and Claims Management
3. Assignment No. - ___________________
4. Date of Dispatch -
5. Last date of receipt -
of Assignment at SODE office

ASSIGNMENT

Liquidity, Damages and Extension of Time

WCI are engaged in a project to construct a hydroelectric project complete with

dam, tunnel etc in the African state of Lesongo. The contract is FIDIC Red book
for construction.

The contract stipulates two completion dates one for the dam which will provide
irrigation free of charge to local farmers; and one for the power station which is to sell
electricity to neighbouring African states.

The Appendix provides Liquidity Damages for each section at $ 1000/day and $
2000 / day respectively.

WCI claims extension of time for late drawings provided by the Engineer. WCIs
tender and clause 14 programmes showed the dates by which the drawings were
required for the activity shown as critical.

WCI also claimed extension for some incorrect setting out information by the
Engineer.
In both the cases, WCI recorded their demand for extension in Minutes of Meetings
circulated to Employer and Engineer. In follow up letter some months later WCI said
they could now determine the effect of the delays and set out particulars of the effects.

In subsequent letter WCI lawyers claimed that time was at large as there was no
provision for extension of time for delays caused by incorrect setting out information
by the Engineer.

The Employer refused any extensions. Were they right to do so?

Also, the Employer deducts liquidity damages for both dam and power station, as both
were late. WCI claim that they are an excessive penalty, as the Employer has suffered
no loss. Is WCI right?

Clue

Refer following clauses for correct interpretation

Clause 6.3 Disruption of Progress

Clause 6.4 Delays due to drawing & cost of delay

Clause 17.1 Setting out

Clause 47 Liquided damages

 ASSIGNMENT
NICMAR / SODE OFFICE

Course No. - PGQS 34

Course Title - Legal Framework for Construction
Assignment No. - ___________________
Date of Dispatch -
Last date of receipt -
of Assignment at SODE office

ASSIGNMENT
Company XYZ is planning to construct a six storied residential complex with 120
residential flats in a corporation area. Legal aspects are an indispensable part of a
construction project. The legal aspects ensure that every company is functioning as
per the statutory framework. The legal compliances include state and national acts,
regulations, and codes of practice, compliance codes and standards.

1. Which are the laws applicable to real estate business?

2. List and explain the legal formalities to be completed for the project before the
execution of the project.