Contractor Clegg Construction has handed over a £28.7m, 11-storey apartment scheme in Sheffield. The Ironworks features 229 one and two-bedroom apartments, along with a fitness suite, rooftop garden, an external courtyard, a communal lounge, workstations, and a multimedia room which can be used to host meetings or movie nights. Developed
FUNDING for Nottingham University Hospital’s new National Rehabilitation Centre (NRC) has been granted government approval for its £105million plans. This approval means work can be completed for the 70-bed purpose-built and highly energy efficient facility, which aims to combine patient care with research, innovation, and training for NHS staff across
Rising humidity averages could have the potential to cause disruption to projects across UK construction cities, power and temperature control solutions company, Aggreko has warned. Statistics from World Weather Online [1]show that humidity averages have increased in major UK cities such as London[2] and Birmingham compared to last year’s figures
A state-of-the-art independent private hospital specialising in cosmetic and plastic surgery has been completed at Granton on the outskirts of Edinburgh. The Waterfront Hospital, owned and managed by consultant plastic surgeons Awf and Omar Quaba, has been designed by award-winning NVDC Architects which has a wealth of design experience across
Yorkshire and Lincolnshire construction firm, Hobson & Porter has carried out more than £3.5 million pounds worth of specialist refurbishment works in the education sector, whilst schools and colleges were closed for the summer holidays. Alongside a strong work bank of new-build education works across the region totalling more than
James Jones & Sons has announced that from October 2023, all timber and co-products supplied by the company will be dual certified as FSC and PEFC. This includes all timber delivered from that date, regardless of what date it was produced. Graham Blyth, Sales Director at James Jones & Sons,
Banks Renewables is expecting to invest over £100 million to develop Pond Energy Park, which will see a section of an industrial park near Bathgate re-designed into a two-hectare battery site. Plans are expected to be submitted later this year and Pond Battery Storage will have an export capacity of
The Government has announced that works have began on the Lowdham Cocker Beck Flood Alleviation Scheme, a Nottinghamshire flood scheme. The new £26 million flood storage reservoir will protect homes and businesses in the Nottinghamshire village. Environment agency officials, local MPs, councillors and members of the local flood action group
Do you feel as though your construction business isn’t as profitable as it could be? Maybe you feel as though you aren’t achieving your full business potential and want to do something about this. Either way, this guide will show you what steps you can take to make a positive
According to the new development program until 2027, Thailand will revise its tourism development strategy. The authorities of the Kingdom decided to set a new world record for the number of foreign tourists in the country. Thus, in March, Mr Phiphat Ratchakitprakarn, Minister of Tourism and Sports of Thailand, called
BDC 319 : Aug 2024
Contractor Clegg Construction has handed over a £28.7m, 11-storey apartment scheme in Sheffield. The Ironworks features 229 one and two-bedroom apartments, along with a fitness suite, rooftop garden, an external courtyard, a communal lounge, workstations, and a multimedia room which can be used to host meetings or movie nights. Developed by Rise Homes in Sheffield, the complex is one of very few private rented sector schemes in the city and has attracted considerable interest with strong lettings and enquiries. It includes a range of sustainability features such as a biomass energy centre providing hot water and heating throughout the building and has a fabric-first approach to maximise the performance of the building’s envelope. Clegg Construction’s collaborative and flexible approach on this design and build scheme has led to the contractor also partnering with Rise Homes on a private rented scheme in Leeds. Featuring 185 apartments, Spinners Yard is due to complete in 2025. Ross Crowcroft, pre-construction director at Clegg Construction, said: “We are very proud to have completed The Ironworks in Sheffield, providing an attractive modern living space in the heart of the city. “The scheme benefitted from early contractor involvement, as Clegg Construction worked with the design team to implement design efficiencies and ensure the design aligned with statutory regulations. There were complex site constraints including nearby adjacent buildings and an 8m level differential between boundaries, but these challenges were overcome by a contiguous piled retaining wall with whaling beams and props prior to the installation of the lower frame and transfer deck. “The resulting development is a superb urban apartment scheme which embraces the city’s industrial heritage, and we are delighted to see how much interest it has already attracted.” The apartment complex features innovative brick façade treatment, glazing arrangements and incorporates a light-gauge steel frame solution. It also includes diagnostic software that enables review of the flow rates and temperatures of hot water on both entry and exit from each apartment, which can monitor faults or anomalies in the system – enhancing efficiency and reducing costs. The way the data is collected and utilised, for the benefit of the residents’ heat efficiency, is being put forward for an ADE (Association of Decarbonisation Energy) Award. During demolition of the former Queen’s Hotel which previously stood on Scotland Street on the site of The Ironworks, and as part of site preparations and enabling work, Bronze Age pottery fragments estimated to be 3,500 years’ old were unearthed. A nod to more recent history has helped to inspire public art and slate paving at the scheme, which features excerpts from Orwellian phrases and taken from author George Orwell’s account of Sheffield based on a visit in 1936. Fairly early into the scheme, Clegg set up a sample apartment, creating a blueprint for the others and helping to generate interest in the development from potential occupants. Nigel Rawlings, CEO of Rise Homes, said: “It has been a pleasure to work with the team at Clegg Construction, who have had a flexible approach throughout the whole project. The site has been clean and tidy during development and the staff have been incredibly helpful. “As a result of our partnership with Clegg Construction, Rise Homes has created an attractive private rented scheme that Sheffield can be proud of. There has already been keen interest in the development, which is great news.” Rise Homes creative director Joy Rawlings added: “Working closely with Clegg throughout the construction of The Ironworks and their willingness to embrace design changes beyond the brief was much appreciated and allowed us to maximise the potential of the development. I have enjoyed working with such a committed team.” Recently, the Right Worshipful Lord Mayor of Sheffield Cllr Colin Ross attended an open day at The Ironworks and cut a ribbon to mark the official opening of the development. Clegg Construction is a Midlands, East Anglia, and Yorkshire-based construction firm specialising in the delivery of public and private sector projects. The company works with organisations of all sizes and specialities across a range of different sectors. Clegg has considerable experience in delivering residential schemes, with one of the most recent being Gilders Yard in Birmingham, which delivered 158 new homes and 10,000 sq ft of commercial space on the edge of the Jewellery Quarter. The company is also undertaking enabling works on The Lamp Works in Birmingham – a 148-apartment development. The Scotland Street scheme in Sheffield for Rise Homes is one of two schemes that Clegg has been working on recently in South Yorkshire. The company is also delivering a £5.9m renovation scheme to repurpose the derelict Maltby Grammar School near Rotherham. For more information visit www.cleggconstruction.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals
FUNDING for Nottingham University Hospital’s new National Rehabilitation Centre (NRC) has been granted government approval for its £105million plans. This approval means work can be completed for the 70-bed purpose-built and highly energy efficient facility, which aims to combine patient care with research, innovation, and training for NHS staff across the nation. Leading multi-disciplinary property and construction consultancy EDGE has been appointed to the scheme to provide project management and NEC supervision services. The new building will be part of the government’s New Hospital Programme with its primary objective to act as a National Rehabilitation Centre of excellence to transform how people recover and regain fitness following serious injury or illness. It will be carbon net zero and built on the Stanford Hall Rehabilitation Estate, sitting alongside the Defence Medical Rehabilitation Centre, which opened in 2018. Joanne Hardwicke, project manager and associate director at EDGE said: “Having worked closely with the Trust, it’s fantastic news that the funding has been granted for the NRC. It’s a much-needed facility that will enable better outcomes for people who have been seriously injured or experience debilitating illness, allowing the NHS to widen access to rehabilitation services and improve patient outcomes. “We’re very much looking forward to continuing our work with the wider project delivery team, and knowing it will benefit the lives of many means we’re incredibly proud to play our part in making it a reality. We will continue working collaboratively on the project and monitor the stages throughout, and can’t wait to see the facility come to fruition.” EDGE bring extensive health and social care experience which includes the ongoing development and delivery of key NHS funded capital investments including the New Hospital Programme, RAAC programme, Dormitory Eradication Programme and sub-regional Clinical Diagnostic facilities. This experience will be central to facilitating the delivery of the NRC which has been purpose-designed around the patients it will treat, including specialist clinical and technical spaces. Natalie Forrest, senior responsible officer for New Hospital Programme at the Department of Health and Social care, said: “This marks a highly significant and exciting day for investment into our New Hospital Programme and for the creation of a UK first facility of its type – a National Rehabilitation Centre. The benefits to NHS patients will be substantial and life changing. “This is the latest of our New Hospital Programme schemes to get under way as part of the biggest hospital building programme in a generation, providing more effective and efficient facilities that will help transform the way care is delivered.” EDGE’s extensive portfolio also includes the Chesterfield Royal Hospital’s new Urgent and Emergency Care Department, Derbyshire Healthcare NHS current £110m Dormitory Eradication programme and the Northern Care Alliance’s new surgical ward block at Royal Oldham Hospital. EDGE has subsequently been shortlisted for Consultancy of the Year at the 2023 IHEEM Healthcare Awards. For more information on EDGE and its services, follow the link below: https://www.edgeps.co.uk/ Building, Design & Construction Magazine | The Choice of Industry Professionals
Rising humidity averages could have the potential to cause disruption to projects across UK construction cities, power and temperature control solutions company, Aggreko has warned. Statistics from World Weather Online [1]show that humidity averages have increased in major UK cities such as London[2] and Birmingham compared to last year’s figures following a rise in rainfall over summer. This has led to humidity numbers sitting well above the recommended levels of between 40-60% on a construction site, with Birmingham having an average of 75% and London having an average of 63%. Aggreko says this is concerning as the UK heads towards the end of the year, where typically humidity tends to rise even higher, causing costly damage and delays on construction sites if not properly mitigated. As humidity rises, concern often falls on building materials and structures onsite suffering moisture damage, particularly for luxury residential developments and historical buildings. Compounding this issue, Tom Adlington – UK Sector Sales Manager for Building Services and Construction, is warning that further preventable damage and cost could be coming from incorrect drying and moisture control procedures on sites. Tom explains: “With the UK’s recent unpredictable weather, it is more important than ever to be on top of humidity. Moisture in buildings and on construction sites is inevitable, which makes correctly removing it an incredibly important part of the process. “However, many companies aren’t making the correct decisions when it comes to moisture and are not making the necessary considerations to remove it entirely. This can cause irreparable damage and huge costs for all stakeholders; alongside the potential harm it can do to reputations within the industry.” To support construction site managers and contractors as the UK enters the humid months, Aggreko is reinforcing information on overcoming moisture challenges in the report entitled ‘The Hidden Cost of Humidity on Site’. The guide details issues surrounding temperature and moisture control and looks at how sites can prevent problems arising from the increased humidity and the damage from any improper drying procedures. The report also reveals misconceptions over the most cost-effective solutions to drying a site in a controlled way. Construction companies often opt for an electrical heater on hire over a dehumidifier, even though it might not be as cost-effective. With further damage to the building and materials at stake – along with fines for any delays in the balance – the report provides a best practice framework for construction managers to deal with humidity and moisture on site. Tom continues: “What may seem the quickest and easiest solution at the time could cause changes to the composition of materials within a building, resulting in longer term damage and large delays for repair work. As humidity is set to rise over the coming months, it may be practical for construction managers and contractors to have strategies in place to deal with moisture on sites in a controlled way. Partnering with temperature control specialists like Aggreko can also ensure the correct equipment level is in place on site and moisture is dealt with in a controlled and monitored manner.” For more information and to download the report, visit: www.aggreko.com/humidity Building, Design & Construction Magazine | The Choice of Industry Professionals
A state-of-the-art independent private hospital specialising in cosmetic and plastic surgery has been completed at Granton on the outskirts of Edinburgh. The Waterfront Hospital, owned and managed by consultant plastic surgeons Awf and Omar Quaba, has been designed by award-winning NVDC Architects which has a wealth of design experience across the health, surgical and dental sectors. Following an initial search, NVDC founder Farahbod Nakhaei viewed several shortlisted properties in Edinburgh which were suitable for redevelopment, helping to appraise each for suitability, as well as potential limitations. The chosen building in Granton had originally been part of a Morrisons supermarket development but had remained empty and unutilised for over 14 years. The building offered huge potential and its development will now contribute to the wider regeneration of the area. Harnessing their previous experience in delivering private surgical facilities, the team at NVDC, led by Farahbod Nakhaei and Project Architect Anna Dach, produced the successful design as part of a competitive pitch process. A key component of the client brief, in addition to being fully Scottish Health Technical Memorandum (SHTM) compliant, the design was to include one fully SHTM compliant general anaesthesia operating suite, a second operating theatre for local anaesthesia, treatment rooms and other ancillary spaces and a generous waiting area that could be used for educational purposes. Incorporating several complex design elements, including a bespoke staircase connecting the two main floors and following the curve of the external facade, the new private hospital has just opened (4 October 2023). Farahbod Nakhaei, founder at NVDC, said: “Having delivered several projects of a similar nature we understood the complexities of adhering to rigorous SHTM guidelines and building regulations. We were able to combine our understanding and passion to create a truly amazing and uplifting space which reflects the high standards of treatment and care provided by the client. “Awf and Omar Quaba share our passion and ethos of creating spaces which promote and enhance both the physical and mental wellbeing.” The Waterfront Hospital features a cutting-edge building management system (BMS) with the ability to control and monitor the entire building environment to maintain the highest clinical standards. As well as controlling and maintaining air changes, and required pressures, the BMS also controls the entire building’s mechanical and electrical services, such as access, ventilation, heating, lighting, medical gases and power. Another key requirement of a complex building such as this is controlling access to various parts of the building. NVDC researched and specified the access control system ensuring the chosen system had the required functionality while in-keeping with the overall design of the building. The NVDC team worked extensively with M&E consultants, Charles Scott & Partners, contractor Souness and Boyne, the access control manufacturers and client’s IT team to ensure the system could provide the complex array of requirements for managing the different levels of access to various parts of building. The access control system and the BMS can each be controlled via a mobile phone app. The entire roof space has also been adapted to house necessary plant equipment. As part of their design, NVDC included a prefabricated modular rooftop plantroom which would house plant equipment in a weatherproof environment. NVDC was instrumental in the design of an energy efficient lighting system operated by movement-controlled PIR sensors. As an integral part of the building design, NVDC worked closely with lighting engineers to develop a lighting design which promotes ease of flow throughout the building. Farahbod Nakhaei continues: “Working with Awf and Omar was fantastic as from the very beginning we shared values and a common goal for this project. From the outset we were given a clear brief with aspirations and objectives. In turn, the client trusted our expertise and together we were able to create a fantastic building which will offer expert care. “We are passionate about growing our healthcare portfolio and showcasing our strengths and expertise in this sector. Most recently NVDC oversaw the completion of the Glasgow Day Surgery Centre, a registered HIS hospital. To date we have delivered over 100 design projects across the health, surgical and dental sectors.” Offering further insight into this project, Anna Dach, Project Architect at NVDC, said: “We used 3D visuals and modelling, plus mood boarding, to further refine our design throughout the various stages. It’s hugely important for us to maintain an open and honest dialogue with clients which allows for a really productive decision-making process. “Every project, site and client is unique so we start every project by listening to our client’s requirements and analysing each particular building or site to identify its strengths and potential. Following this initial appraisal stage, we combine our experience, knowledge and creativity, to develop a set of design ideas which communicate the desired look, feel and direction of the project. It’s always satisfying seeing a project come to fruition and for clients to be excited about our design.” Omar Quaba, consultant plastic surgeon, said: “We were introduced to Farahbod by a colleague who had recently completed a day surgery centre in collaboration with NVDC. The careful attention to detail was evident from the outset, with detailed plans that impressed the contractors. “From the design stage through to completion of building, Farahbod and Anna were very involved and always available to discuss any issues, including small design changes made towards the end of completion. We would not hesitate to recommend their services to others in the healthcare sector and wish them all the best with their continued expansion in this area.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Yorkshire and Lincolnshire construction firm, Hobson & Porter has carried out more than £3.5 million pounds worth of specialist refurbishment works in the education sector, whilst schools and colleges were closed for the summer holidays. Alongside a strong work bank of new-build education works across the region totalling more than £25m in the previous year, the business has had a hugely successful summer period in its dedicated minor works division, delivery a huge portfolio of rapid-delivery, complex refurbishment projects in education assets across the region. One of the projects included the creation of a new multi-use games area (MUGA) at St Hugh’s School in Scunthorpe. The sheltered MUGA will enable students to utilise the area in most weather conditions, transforming an area which was previously unusable for the special educational needs (SEN) students at the school. Jonathan Kenyon, who is the head teacher at the school, said: “We would like to share our heartfelt gratitude for the exceptional work that has gone into the construction to the school MUGA. The result is truly outstanding and a testament to the dedication and expertise of everyone involved. “The MUGA is a massive, valuable addition to our school, and it will undoubtedly benefit our students for years to come and enrich their learning journey. It’s thanks to the team from Hobson & Porter, who go above and beyond that we can provide such enriching opportunities for our students, and we are truly fortunate to have had such a committed team working on our project.” For East Riding of Yorkshire Council, Hobson & Porter has refurbished four science classrooms, a prep room and office, as well as replacing pipework, cabling and mechanical ventilation at Beverley High School. It has also refurbished both flat and pitched roofs, as well as tennis courts at Howden School and a timber framed extension at Hornsea Primary School. At Swanland Primary School in East Yorkshire the company has upgraded the heating and hot water systems, boilers, hot water storage and distribution pipework. For York County Council, Hobson & Porter has worked at three schools over the summer – Clifton Green Primary School, Huntington Primary Academy and Yearsley Grove Primary School. The works included building a new, secure lobby at Clifton Green Primary School, with a revised access ramp and a relocation of the reception and visitor counter. Internal alterations included an upgraded meeting room, head office and new offices with replacement windows. The firm has also extended a meeting room and refurbished the car park, with three new access gates and overhead lighting. At Huntington School, Hobson & Porter has re-roofed a building and made modifications to the drainage system, and at Yearsley Grove Primary School the firm has also carried out re-roofing works, as well as upgrades to the heating and electricity supplies. Sam Robertson, from Hobson & Porter’s minor works division, said: “When it comes to the education sector, we have more than fifty years of experience of mobilising our teams for a huge uplift in education refurbishment and repurposing work over the summer months. We appreciate how important it is to work to a set timeframe so that we can have everything handed over and ready for the start of term. These projects are often incredibly intricate and require a real hands-on approach to deal with the unforeseen challenges which arise. Thankfully we can rely on our hugely experienced, directly employed team of management staff and operatives to deliver to our steadfast standards in these circumstances. “We’ve worked across a huge portfolio of primary, secondary, further and higher education buildings in the Yorkshire and Lincolnshire region and we value our relationships with a diverse set of clients in the education sector. Creating an inspiring environment for pupils to learn and thrive in is something we are hugely committed too, and our proven track record for delivering on our promises means that we always have a very busy schedule of works to carry out not only in the summer break, but also during all academic holidays throughout the year.” As well as refurbishment works, Hobson & Porter is also highly skilled at delivering new build projects for schools and colleges in the region. The firm has recently broken ground on a new £7m primary school in Northallerton for North Yorkshire Council and Dales Academies and has recently handed over a £6m new-build project at Fulford School in York, where it has built a new English, drama and art centre for the South York Multi-Academy Trust. Hobson & Porter is also building a £5m technical, engineering and construction facility at York College and recently completed projects for The University of Sheffield and Humber Engineering Training Association (HETA). The firm has also recently broken ground on the pioneering £10m Horizon Youth Zone in Grimsby. Building, Design & Construction Magazine | The Choice of Industry Professionals
James Jones & Sons has announced that from October 2023, all timber and co-products supplied by the company will be dual certified as FSC and PEFC. This includes all timber delivered from that date, regardless of what date it was produced. Graham Blyth, Sales Director at James Jones & Sons, said “The dual certification offers our customers a greater choice when buying sustainable timber. The Soil Association, as our certification body, fully approved our ability to offer all our timber and co-products as dual FSC and PEFC certified. Our customers can continue to sell their timber as FSC certified but will now also have the choice to stock and sell as PEFC certified should their customers require this”. Building, Design & Construction Magazine | The Choice of Industry Professionals
Banks Renewables is expecting to invest over £100 million to develop Pond Energy Park, which will see a section of an industrial park near Bathgate re-designed into a two-hectare battery site. Plans are expected to be submitted later this year and Pond Battery Storage will have an export capacity of 200 megawatts over two hours. When fully charged, this project will be enough to supply the average demands of 600,000 homes for that two hour period – more homes than Edinburgh and Glasgow combined. The new site is set to deliver opportunities for local businesses in areas like construction, groundworks, civils and remediation; with Banks’ flagship ‘Connect2Renewables’ initiative prioritising local businesses as much as possible when awarding contracts on their sites. The responsible developer is renowned for its onshore wind projects in South Lanarkshire – including the construction of the UK’s tallest and most efficient onshore wind turbines at its Kype Muir Extension site near Strathaven. Gordon Thomson, projects director at Banks Renewables said: “The proposed Pond Battery Storage project in West Lothian marks a very exciting time for us here at Banks Renewables. “Battery storage projects like this are becoming increasingly important in Scotland’s push for net zero. When it’s not sunny or windy, battery energy storage can allow us to dip into the reserves by using pre-generated energy in the batteries to supply to the national grid and reducing our reliance on energy derived from imported fossil fuels.” The first in-person consultation events will occur on 12 October, from 2pm – 7pm, at the Jim Walker Partnership Centre in Bathgate. Here, members of the community will be invited to give their thoughts, help shape the proposals and highlight key local priorities which could be addressed using community benefits. Battery storage, or battery energy storage systems (BESS), are devices that store and enable energy from renewables, like solar and wind farms. Natural fluctuations in weather conditions mean that renewable electricity generation can often be out of step with demand and batteries can address this by storing surplus generation when demand is low and releasing it when demand is higher – maximising the efficiency of renewable energy. Batteries are set to play a huge role in the country’s push for net zero, reducing the reliance on large fossil fuelled power stations. If approved, the site will be based at Pond Industrial Estate on Whitburn Road to the south-east of Bathgate. Building, Design & Construction Magazine | The Choice of Industry Professionals
The Government has announced that works have began on the Lowdham Cocker Beck Flood Alleviation Scheme, a Nottinghamshire flood scheme. The new £26 million flood storage reservoir will protect homes and businesses in the Nottinghamshire village. Environment agency officials, local MPs, councillors and members of the local flood action group attended an official ground-breaking ceremony. The flood storage area will be able to hold up to 100,000 cubic meters of water when the Cocker Beck floods. Construction work will involve cutting into an embankment of the Cocker Beck and using compacted soil and ultra-low carbon concrete to create a raised reservoir. Moreover, trees will be planted on the site as well as the creation of three hectares of new woodland nearby. Paul Lockhart, Area Flood and Coastal Risk Manager at the Environment Agency said: “We are delighted that we are now in the position of being able to commence the construction of a major Flood Alleviation Scheme to protect the people of Lowdham. “The reservoir we are building will provide a very high level of protection against flooding to 191 properties, and it represents excellent value for money for the taxpayer. “We would not have been able to achieve this without the long-term support of the MP for Newark, Robert Jenrick MP, our local authority partners (Nottinghamshire County Council and Newark and Sherwood District Council), the members of the Trent Regional Flood and Coastal Committee, and, most importantly, the local community Flood Action Group (FLAG) and the Parish Council, who have been very supportive throughout the process.” The Rt Hon Mark Spencer MP for Sherwood and Minister for Food, Farming and Fisheries said: “As a serving Defra Minister, and local MP, I am acutely aware of the distress and cost that flooding causes to our communities. “This £26m Reservoir Scheme will provide a very significant level of protection from flooding to the community and will, I’m sure, give confidence to the people of Lowdham so they will be able to carry on with their lives without the constant worry of future flooding.” The scheme that will generate £50 million for the local economy will be completed in Spring 2026. Building, Design & Construction Magazine | The Choice of Industry Professionals
Do you feel as though your construction business isn’t as profitable as it could be? Maybe you feel as though you aren’t achieving your full business potential and want to do something about this. Either way, this guide will show you what steps you can take to make a positive difference today. Focus on your Cash FlowMaximizing cash flow is a key factor when it comes to increasing your business profit. One way for you to manage cash flow would be for you to have a consistent invoicing process, and for you to be on the ball when it comes to late-paying customers. It’s worth considering any maintenance contracts you may have, or any recurrent options so you can maintain your cash flow. If you can do this, while negotiating a payment plan with your suppliers, then this will help you with your cash flow as well as your overall business stability. Improve your Job Estimates Improve your general profitability by having an accurate and efficient process. At the end of the day, the construction sector involves a lot of bidding for projects. Companies will detail how much the project is going to cost in terms of overheads, labor and materials. They then add a profit margin on top. If you want to succeed here, then you need to make sure that you are giving precise estimates. Generating a precise estimate requires you to have accurate information. This includes the price of materials, the cost of labor and more. You can get an accurate reading by reviewing processes, utilizing software tools and using historical data to your advantage. Use Tech If you aren’t using tech to your advantage, then you will be missing out. If you want to manage the tech you have, then one thing you can do is invest in Solutions 4 IT. Of course, by using software you can help to make sure that your bids are accurate as well as making sure you’re not underbidding, or overbidding. The risk of underbidding brings about poor profit margins, but if you overbid, then you may find that you end up losing out on a great deal of work. Management, at the end of the day, should go through all estimates even if the bid isn’t won. Why? Because it gives you the chance to see where you went wrong, which in the grand scheme of things, is invaluable. Little things like this can work wonders for your bottom line.
According to the new development program until 2027, Thailand will revise its tourism development strategy. The authorities of the Kingdom decided to set a new world record for the number of foreign tourists in the country. Thus, in March, Mr Phiphat Ratchakitprakarn, Minister of Tourism and Sports of Thailand, called on all ministries and departments involved in tourism to prepare places to accommodate 80 million foreign travellers by 2027. Thailand-Real.Estate can draw the following conclusion that it is high time to invest in hotel properties in Thailand. Tough challenges Thai media write that the Minister of Tourism and Sports stresses that it is extremely important to learn more from previous mistakes, when local tourist destinations were overcrowded and failed to receive 40 million foreign visitors. Although Thailand expects to receive about 30 million tourists from all over the world this year, the minister reminded that these ministries and departments should work together to cope with the task of receiving a lot of tourists in the future. That sounds short and sweet. Of course, this means that hotel properties in Thailand will be in greater demand among foreign nationals in 2023-2027. The media emphasize that Mr Phiphat Ratchakitprakarn also intends to get the approval of the Cabinet of Ministers to stimulate the recovery of the Thai economy through a brand-new and adapted program to develop and promote tourism in the country. Three steps to make Thailand more attractive for tourists and investors According to the National News Bureau of Thailand news agency, the goals set by the Minister of Tourism and Sports will be achieved in three stages: • The first one will be implemented between 2023 and 2024 and focused on the safety of travellers and environmental protection. • The second one will be realized between 2023 and 2025: during this time, the authorities of the Kingdom plans to improve the country’s tourist infrastructure. • The third and most difficult stage will be from 2025 to 2027: these two years are devoted to correcting and improving the processes previously launched. The National News Bureau of Thailand reports that the National Council for Economic and Social Development (NESDC) plans to increase the contribution of the tourism industry to the country’s economy from 17.8% (as it was in 2019) to 25% of GDP by 2027. High time to invest in hotel real estate in Thailand Thailand attracts investors and buyers of real estate from many countries. The local market is famous for its competitive property prices for sale in Thailand. It is recovering from the pandemic, and the influx of foreigners played a huge role in 2022. This trend keeps growing, including the new tourism development program in the country. For example, investors can take a closer look at Phuket. This island is a great option for investment in the current circumstances. Phuket has various profitable areas with profitable hotel properties. In addition, the authorities have plans to make a premium holiday on the island. Therefore, there are no low prices in Phuket right away. What should investors pay attention to? Investors should pay attention to the location, distinctive features and infrastructure of the resort island’s hotel real estate. As for the infrastructure, the island is well-developed. There are various shopping malls, entertainment venues and leisure activities for tourists. Choosing a location is an important investment experience. The most promising place is considered to be the north of Phuket. The areas are well-maintained and technologically advanced. This means that hotel real estate is more prestigious for customers. Here, investors can receive 7-8% of the total value of real estate per year when renting it out. The average payback period is about 10-12 years. The most affordable and comfortable investment option is to buy branded residences in a hotel complex with professional management from well-known hotel market leaders and developers. This option can bring maximum income and help investors get rid of maintaining their properties. Investment-attractive hotel property in Thailand Hotels are one of the successful options for investing money and making a profit. This property appeals to tourists because it is located in favourable areas with all modern amenities. Their beach areas and developed internal infrastructure make it a successful acquisition. The hotels have gyms, swimming pools and first-class service. The hotel complexes are located a few minutes from the promenade near the sea and the beach. Such places attract a huge number of tourists and expats, so there is a large selection of shops, gourmet restaurants, bars, coffee shops and other entertainment. Apartments in hotel complexes consist of various options: from studios to multi-room residences with views of the sea, the tropics or the pool, with a private Jacuzzi or private access to the pool. We will help you purchase the most profitable property in Thailand Another major factor is the choice of a reliable agent who will help you purchase the most beneficial property in Thailand. In this case, Thailand-Real.Estate and its qualified brokers can offer you first-class support and service when making a good deal. In addition, they will perform a comprehensive analysis of all options throughout the Kingdom and offer you the most liquid options.
