A town plans to attract new citizens with new housing and new facilities such as parks, recreation centres and libraries. One component of the town’s plans is to require that development seeking permission is to build this new housing to provide these additional facilities at no cost to the town.Which of the following, if true, would point to a possible flaw in the town’s plan?Choices:- Developers would pass along their costs to the buyer; thereby raising the cost of housing units beyond the ability of likely purchasers to afford them. Light, non-polluting industries have located in the area, offering more jobs and better paying jobs than do the more established industries in the area. Other towns and cities nearby have yet to embark on comparable plans to attract new citizens Most developers see the extra expense of providing municipal facilities as simply one of the many costs of doing business.

A group of investors (the client) approached your construction project managementconsultancy requesting that you lead the group in preparing a feasibility study to redevelop aan existing school in an emerging area in Auckland. Your company will lead them into buyingthe property from Auckland City Council, design, build, finance and own the new facility.The City Council has specified that the purchaser is free to propose anything that fits with theexisting village community. The highly discerning villagers do not want any development thatis likely to generate too much traffic and attract many visitors. The villagers will be out tooppose whatever they do not consider to be appropriate for the village. Your company is freeto propose anything but there are additional considerations besides making profit from the site.The Council aspires that the new facility will be finished in a highly sustainable way, achievinga Green Star rating of “Excellent”.The property that your client will be buying is a single-story timber-framed building, with acapacity to serve 200 students, set within a quality masonry external envelope with spacesused for teaching, learning, social interaction outside of lesson time, administrative purposes,library, home economics and construction design and technology laboratories. The underlyingground conditions are excellent. Existing buildings contains asbestos. The council would preferthat they be renovated/refurbished rather than demolished but would not oppose any plan todemolish and rebuild as long as all the conditions in this brief are met. The property hasadditional land that may be developed as a second building. The total land area is about 2.67acres (10,805 m2).The initial budget for the project has been informally assessed as being in the region of $40million. The proposed project is expected to take 20-24 months to construct on site and mustbe completed in 2.5 years following acceptance of the investor’s tender. Given the investor’slimited in-house expertise it is clear that a complete design and construction team will need tobe assembled. The client is looking to your firm to recommend a procurement strategy that isappropriate for delivering the project.• You can make any assumptions that you wish, provided that the assumptions arereasonable and are clearly written down as part of your feasibility assessment.Questions:1. Outline step-by-step for the feasibility assessments of this project including what typesof assessments you would use and why. (20 marks)2. Discuss what types of input information will be needed to produce the required outputsto meet the clients’, villagers’ and City Council requirements. (20 marks)3. Explain, with example, potential issues related to this investment that you would advisethe client. (10 marks)TASK 2: MEASUREMENT (50 marks)Question 1 Measurement – New Family Residence at 1A Lawry Street (20 marks)You are required to measure and schedule (using New Rules of Measurement 2 – NRM2) thefollowing sub-elements:• Internal doors (pg 244)• Wall finishes (pg 263)• Adjustments for internal doors.Question 2 Measurement – Warehouse (30 marks) – refer pg 203You are required to measure and schedule (using NRM2) the following sub-elements:• Measure and schedule the StelTech Portal Frame• Measure and schedule the plasterboard (pg 224)• Measure and schedule the details complete foro 4 S201(pg 12

Why do the private developers want to select commercially viable sites for housing development?

QUESTION 8A developer would like to build apartments in your town.  Although these apartments would require clearing of forest land, a tradeoff that the town must consider is that the development of the area will increase biodiversity of the area the apartments will provide reasonably priced housing for many of its citizens the apartments will decrease automobile traffic in the area the apartments will decrease the amount of solid waste in the area1 points   QUESTION 9Which of the following is a likely result of continued CFC release into the atmosphere? increased industrialization of the Earth increased incidence of mutations that lead to skin cancer decrease in water pollution increase in the release of sulfur dioxide and nitrogen oxides1 points   QUESTION 10Which of the following is the best practice to ensure resources are available for the future? construct wind turbines to generate electricity use natural gas to heat homes instead of coal promote an increase in the number of children each couple has decrease biodiversity of insects1 points   QUESTION 11Which of the following is the best solution to the energy crisis that we face? use alternative fuel sources construct more power plants along rivers that are already polluted create more solid-waste landfills so they do not get too large encourage people to heat their homes with electricity1 points   QUESTION 12A town in the Finger Lakes region would like to promote solutions to decrease the acidification of the lakes. Which of the following solutions should the town promote to help them in their effort? decreased motor boat traffic on the lake increased introduction of zebra mussels decreased use of CFCs protect the fish species living in the lake1 points   QUESTION 13All of the following are reasons why humans are negatively impacting the environment except Humans do not consider how they are impacting the environment when they make decisions. Humans do not have the ability to do anything about these environmental problems. The human population continues to grow, which puts a strain on available resources. Humans are unaware of the negative impact of their actions and must be educated.1 points   QUESTION 14A farmer would like to grow soybeans, which is a native plant to the area.  The farmer purchases land, clears away the vegetation, and plants a field of soybeans.  Which of the following correctly identifies the environmental issue in this scenario? There is no need to clear land to grow more food.  There is plenty of food and resources on Earth to sustain Earth's population. Soybeans are an invasive species. The farmer must now spray his field with chemical pesticides because there are no other options for more eco-friendly approaches to get rid of pests. Planting a single crop in an area that was once filled with diverse vegetation decreases the biodiversity of the area.1 points   QUESTION 15Laws require scrubbers on the smokestacks of coal-fired power plants to reduce the pollution.  Which of the following effects is most likely due to the new pollution law? a slight increase in the pH of the rain a decline in life expectancy hunting of endangered species a decline in automobile use

In the real estate space market, when the demand curve intersects the supply curve belowthe replacement cost of rent, developers will: O a. Be indifferent to building property as they will break even. o b.Build new property as it is profitable to do so. OcNot build new property as it is unprofitable to do so. odBuild new property as rents have stabilized. O e.Not build new property as rents are falling.

An investor owns an empty block of land that was bought for $3 million a few years ago, but could be sold at auction for $2 million now. The land has local government approval to be developed into either:Low-rise townhouses costing $11 million now (t=0) that can be rented for $2 million in the first year, paid at the end of that year (t=1), and then rent is expected to grow by 3% pa every year forever; orHigh rise apartments costing $180 million now (t=0) that can be rented for $25 million in the first year, paid at the end of that year (t=1), and then rent is expected to grow by 1% pa every year forever.The government will only allow a single development so the projects are mutually exclusive.These projects have the same risk and 12% pa required return. Both will be fully constructed in one year, at which point tenants will move in and pay rent annually in advance, with the growth rates given. Ignore all maintenance costs, tenant vacancies, taxes and so on. All answer options are rounded to 6 decimal places. Compare the two projects against selling the land. Which of the following statements is NOT correct?Question 6Select one:a.$9.222222 million is the NPV of the low-rise townhouses.b.18.384615% pa is the IRR of the low-rise townhouses.c.$45.272727 million is the NPV of the high-rise apartments.d.1% pa is the IRR of the high-rise apartments.e.The high-rise apartment project should be accepted.