Tuesday, August 26, 2014

How to Manage Construction Projects During a Rainy Summer

Experts are predicting an increasing number of extreme weather events as a result of global climate change, an important reason for construction firms to look very closely at how they manage the risks associated with bad weather. Build the expectation of bad weather into your planning this summer to keep projects moving and profitable, Construction Global writes.

The weatherman never lies
Recent events have shown the severe impact that extreme weather can have. Heavy snowfall during the 2010/11 winter period in Germany saw construction output in the country decline by a staggering 24 percent. In France, heavy rainfall in February 2012 forced many construction sites to suspend work, delaying the country’s economic recovery from recession.
Across Europe the weather has become more extreme, with wind speeds in Sweden predicted to increase by 0.8m/s per month and winter rainfall to rise by 50mm per month over the next century. In the UK, a recent study by BRE (Building Research Establishment) predicted a six percent increase in wind speeds and every site manager knows the effect that crane downtime as a result of wind can have on productivity.
Plan for bad weather
A proactive and well-planned construction project should allow for unforeseen weather conditions and have in place measures on site designed to mitigate the effects, protect worker safety and cut down on wasted materials and manpower. Construction project planning software can help you to build this contingency into your project management.
A specially-tailored construction weather forecasting service such as the one offered by the Met Office, could provide invaluable advanced warning of bad weather to help plan for delays or re-programme work accordingly.
Take protective measures
Rain on sites can create difficult working conditions for operatives, potentially loosening their grip on tools and machinery and creating slippery surfaces, leading to accidents. Site managers might therefore consider installing protective sheeting around scaffolding, which can also mitigate against wind, or temporary roofing structures.
In addition, polythene sheets can be used to cover construction materials to prevent water damage and straw-filled matting and polyurethane foam used to protect materials from the effects of frost and snow in the winter.
Understand your contractual obligations
If you are forced to stop work as a result of bad weather and the project is delayed, you should understand your contractual obligations in such a situation.
According to the solicitor Gullands, bad weather is treated as a 'neutral' event under most building contracts. This means the builder is normally entitled to an extension of time if the delay is likely to prolong the completion of works, but not to payment for any loss or expense suffered as a result of the stoppage.
In general, if a contract overruns, a financial penalty is imposed on the builder. So, when a delay occurs as a result of bad weather it is important to make an application to the contract administrator for an extension of time on the basis that the delay was not caused by you.
To ensure an extension of time is granted, you must give full details of the delay and identify any event considered a 'Relevant Event' as well as estimate any delay to the completion of works beyond the original completion date.
Takeaways
To limit the impact of bad weather on your construction project, make sure you do the following: Build a contingency into your project plan to allow for unexpected delays; protect your site from adverse weather conditions to prevent accidents from occurring; understand your legal obligations in the event of bad weather delaying your construction project; use construction project planning software to manage any delays that are caused by bad weather.
For more information click HERE
OCTAGON CONTRACTING & ENGINEERING
Phone: (+4)021.232.39.20

Monday, August 25, 2014

OCTAGON is building bored piles for Electric Power Plant 1250 MW Shatt Al- Basra, Irak


Electric Power Plant 1250 MW Shatt Al- Basra

A country with an economy extensively affected by war, full of demolished buildings and a poor road infrastructure, Iraq represents a major business opportunity for construction companies all over the world. As national economy is recovering, housing demand, caused by high deficit at the end of the 20th century, increases and requires significant investment in development projects. Rebuilding Iraq’s roads and transport is vital for foreign companies to transport equipment and merchandise, as they develop their projects in the country.
Electric Power Plant 1250 MW Shatt Al- Basra
Few are those who, despite of having identified the economic potential of the country, are taking the risk of investing in a country with major security issues. OCTAGON CONTRACTING & ENGINEERING is among the companies that have taken advantage of the opportunities provided by the Iraqi market. The company opened a branch in Baghdad in 2011.

Electric Power Plant 1250 MW Shatt Al- Basra
“Our anchor during crisis was the Iraqi market. We decided to try another market with long term growth perspectives and that provides liquidities for infrastructure projects.  The security issues were an advantage for us, as they keep the competition at distance. Right now we are building awareness on the market and we are waiting for a stabilization of the political situation. The fact that we already have three projects ongoing is a positive sign and confirms the fact that we had good intuition when we made this decision.” said Alexandros
Electric Power Plant 1250 MW Shatt Al- Basra
Ignatiadis
, co-founder and shareholder of OCTAGON.

OCTAGON has three ongoing projects in Baghdad and Basra. One of these projects is the Electric Power Plant 1250 MW Shatt Al- Basra, where the company is building bored piles D 1.000, for the contractor Metka. The company has a team of Romanian and Iraqi workers and engineers working on the project at high pace.
Electric Power Plant 1250 MW Shatt Al- Basra
OCTAGON is using the experience accumulated while building the biggest private electricity cogeneration greenfield project, built in Romania in the past 20 years: Combined Cycle Electric Power Plant 867 MW OMV- Petrom (Brazi). The construction works were performed between 2009- 2011 and the power plant began the commercial operations on August 1st 2012. OCTAGON performed geotechnical, structure, architecture, installation (electrical, sanitary) works and exterior works within the project.  
Electric Power Plant 1250 MW Shatt Al- Basra
OCTAGON is also working in Iraq on the construction of a residential project:  Iraq Gate Residential and
Electric Power Plant 1250 MW Shatt Al- Basra
of Al Zawraa Stadium, both located in Baghdad.

A number of large- scale infrastructure and real estate projects are underway and a combination of several factors makes Iraq a favorable business and investment destination. 
Electric Power Plant 1250 MW Shatt Al- Basra
Laws in place for foreign investment allow 100% foreign ownership of businesses in all sectors except oil and mineral extraction. Also non- Iraqi citizens can now own land for housing projects. Investment partnerships with state-owned enterprises are also possible for foreign companies, at present.


 
 
For more information click HERE
OCTAGON CONTRACTING & ENGINEERING
Phone: (+4)021.232.39.20


Friday, August 22, 2014

Market analysis: Dwelling prices to stabilize this year



 Residential Complex Maresal Averescu
The evolution of the real estate sector in the first half of 2014 proves a tendency of price stabilization. National prices have reached 757 euro/sqm for new dwellings and 644 euro/sqm, for old dwellings, according to a market analysis performed by real estate consultancy firm Darian.

"Prices at national level have fallen dramatically from the half of 2008 until today. Old apartments have registered a decline of approximately
 Residential Complex Maresal Averescu
40%, while new apartment prices have dropped 33%. The small price variations in the past 6 months have been perceived by the free market as rather price stagnation. This is a good sign, though, an optimist sign for the residential market, where we estimate medium and long term growth." said Adrian Crivii, president of consultancy firm Darian.

Bucharest ranks first in terms of average transaction prices for old apartments, with an average of 956 euro/sqm, closely followed by
 Residential Complex Maresal Averescu
Cluj-Napoca with 932 euro/sqm,  Timisoara ranking third with 860 euro/sqm.
Against the beginning of the crisis, old apartment prices dropped in Bucharest by around 60%, the decline leveraging in the past 6 months, when prices have remained constant. 

Newly built apartment prices have stagnated in the past 6 months, the national average reaching 757 euro/sqm.

Bucharest topped the new apartment price value. Average prices have reached around 1,137 euro/sqm – the only city in Romania with prices over 1,000 euro/sqm - 45% down on the same period from the beginning of the crisis and stagnated against the previous semester. 
The average transaction prices have seen a slight fall of around 1% at national level.
 Residential Complex Maresal Averescu

Of all the real estate sectors, the lands have registered the most dramatic decline from the beginning of the real estate crisis. The decline at national level is around 63%.

OCTAGON  CONTRACTING & ENGINEERING has not built many residential buildings, but the projects delivered were major for the company’s portfolio.



For more information click HERE
 
OCTAGON CONTRACTING & ENGINEERING
Phone: (+4)021.232.39.20