MOHAMME SEID MIXED USE BUILDING

BUSINESS PLAN FOR

PROJECT PROPOSAL FOR MIXED USEBUILDING

(B+G+5) IN biftu town ADMINSTRATION,
south west Ethiopia people regional
state ,Bench sheko zone

PROJECTOWNER : Mr. MOHAMMED SEID

ADISE

ADDRESS:

MOBILE : 0911181841

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 MOHAMME SEID MIXED USE BUILDING
BUSINESS PLAN FOR

MAY, 2025 G.C

BIFTU ,ETHIOPIA

Table of Contents
1 Executive Summary.......................................................................................................5
2. Introduction......................................................................................................................6
2.1 General Background...............................................................................................6
2. Project Objectives..................................................................................................................8
2.1 General Objective............................................................................................................8
2.1.1 Specific objective...............................................................................................9
2.3 Project description..................................................................................................9
2.4 Project Rationale......................................................................................................9
2.5 The significance of the project..........................................................................11
2.6 Project Location......................................................................................................12
3. The Market Study.........................................................................................................13
3.1 Market Analysis......................................................................................................13
3.2 The Demand-Supply Gap....................................................................................13
3.3 Current supply of Mixed-use building.............................................................14
3.4 Future market or Demand of commercial Building Rental.....................14
3.5 Target customers...................................................................................................15
3.6 Marketing promotion and strategy..................................................................15
3.7 Competition.............................................................................................................16
3.8 The project facilities and Services plan.........................................................16
4 Technical Studies..........................................................................................................18
4.1 Description of the project Service...................................................................18
4.1.1 Land Use Plan..................................................................................................18
4.2 Building and Technology.....................................................................................19
4.2.1 Construction schedule..................................................................................19
4.2.2 Architectural Design & Layout..................................................................19
4.2.3 Structural design............................................................................................20
4.2.4 Reinforced concrete......................................................................................20
4.2.5 Foundation Design.........................................................................................21
4.2.6 Construction Plan and process..................................................................21
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BUSINESS PLAN FOR

4.3 Utilities......................................................................................................................22
5 Engineering and civil works.......................................................................................23
5.1 Land, Building and Civil Works.........................................................................23
5.2 Manpower and training requirement..............................................................24
5.2.1 Manpower requirement...............................................................................24
5.2.2 Labor Availability............................................................................................25
5.3 Project implementation.......................................................................................25
5.4 Organizational Structure.....................................................................................25
5.4.1 Organization and management....................................................................25
6 Financial analysis..........................................................................................................32
6.1 Repair and Maintenance Cost...........................................................................32
6.2 Depreciation and Amortization.........................................................................32
6.3 Total Revenue.........................................................................................................33
6.4 Discounted Payback Period................................................................................33
6.5 Cash flow..................................................................................................................33
6.6 Benefit cost ratio...................................................................................................33
6.7 Internal Rate of Return........................................................................................34
6.8 Net present value..................................................................................................34
7. Conclusions and Recommendations......................................................................35
Conclusion.......................................................................................................................35
References...........................................................................................................................37

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BUSINESS PLAN FOR

List of tables
Table 1: Office Space Demand
Forecast……………………………………. 12

Table 2: The ground will be partitioned in to different

rooms………………..4

Table 3: land utilization Plan ………………………………….……….

…….16

Table 4: Utilities………………………………………………………………
20

Table 5: List of Building and Civil Works and Their Costs …………………21

Table 6: Manpower Requirement and Annual Labor Cost……………..…….22

Table 7: project Implementation

schedule…………………………………… 23

Table 8: Repair and Maintenance Cost ……………………………………….31

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BUSINESS PLAN FOR

1 Executive Summary
KEY INFORMATION HIGHLIGHTS

PROJECT OWNER Mr. MOHAMMED SEID ADISE

PROJECT TITLE Mixed use Building
LAND REQUIREMENT 1,500 M2
PROJECT AREA SOUTH WEST ETHIOPIA PEOPLE REGIONAL
STATE,BENCH SHEKO ZONE ,BIFTU TOWN
PRODUCTION CAPACITY B+G+5
PRODUCTS TO BE MANUFACTURED
Rental Rooms, office and meeting halls
MARKET Domestic and International
COST OF THE PROJECT 60,000,000.00 Birr

PROJECT LIFE 10 YEARS

NUMBER OF WORKING DAYS 365 DAYS

FINANCIAL VIABILITY ( AT 10% DISCOUNT RATE )

NPV (NET PRESENT VALUE) 54,439,417 BIRR

IRR (INTERNAL RATE OF RETURN) 34.13%

PBP ( PAY BACK PERIOD) 3year and 9month

ANALYSIS RESULT
THE PROJECT IS TECHNICALLY FEASIBLE, FINANCIALLY AND COMMERCIALLY VIABLE
AS WELL AS SOCIALLY AND ECONOMICALLY ACCEPTABLE. HENCE, THE PROJECT IS
WORTH IMPLEMENTING.

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BUSINESS PLAN FOR

2.Introduction
2.1 General Background
Ethiopia has embarked on a long-term development strategy which aims at achieving sustainable
human development with all pre-requisites for a middle-income country by the year 2025. This
envisages creation of a strong, diversified, resilient and competitive economy that can effectively
cope with the challenges of development and that can easily adapt to the changing market and
technological conditions in the regional and global economy. The priorities identified as the
essential catalyst for the attainment of the Vision 2025 objective include development of
infrastructure as an important ingredient towards attainment of faster economic growth. The
construction industry is a fundamental economic sector which permeates most of the other sectors
as it transforms various resources into constructed physical economic and social infrastructure
necessary for socio-economic development. It embraces the process by which the physical
infrastructure is planned, designed, procured, constructed or produced, altered, repaired,
maintained, and demolished. The construction industry has important contributions to the
Ethiopian economy, as demonstrated by its share in the GDP. The sector has registered a
remarkable growth, over the last 11 years there has been increased investment on the development
and expansion of various infrastructure projects.
During the past decade robust public and private expenditure on infrastructure and other
construction works has served as a catalyst for Ethiopia’s rapid economic development. The
country has consistently invested more than 30% of GDP into Gross Fixed Capital Formation
(GFCF) expenditure since 2010 and as a result, Ethiopia has emerged as one of the fastest-growing
economies in the world. The market value of the construction sector is currently estimated at more
than US$7bn. According to the 2017 edition of African Economic Outlook, construction activities
in Ethiopia accounted for 15.9% of GDP at current prices during the 2015/16 fiscal year.
The current fast and dynamic economic growth of Ethiopia especially in Addis
Ababa necessitates equivalent growth of building and construction sector. The
sector should expand rapidly to support the overall economic development
sustainable.
In the building sector of the economy, the multi- purpose in the one becoming
rapidly expanding in Addis Ababa since dynamic economic development of urban
economy requires the construction of these buildings in the city to support the

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BUSINESS PLAN FOR

growing of business service sectors like supermarkets, Beauty salon, shops, offices
cinemas, Computer Center, Cafeterias, Restaurant, Assembly hall, apartments and
other activities. In this regard, mixed used building expands in the all parts of the
city.
Investment and property development play an important role in any emerging
markets or economies. Property generally comprises residential houses and
commercial real estate property (mainly mixed-use building) developed for rental
business, company office and sale. The property investment market in Ethiopia
remained under developed for several years. As a consequence, the supply of
residential houses and non-residential real estate that can be used for residence,
office space, shopping malls and catering services in the urban centers of the
country is disproportionately low to cope with the growing demand in the country
spinning from the average growth in GDP of 5.5% over the last ten years and
population increase. The relatively good performance of the macro-economy (real
growth in GDP, low inflation rate and growth in investment and export sector) has
stimulated unprecedented investment growth in the property sector over the last
five years. The growth of investment in the property market over the last five
years in consistent with the global experience suggesting that investment in the
residential and commercial property is greatly influenced by the performance of
the macroeconomic conditions. In general, a stable macroeconomic condition leads
to economic and business growth and develops investors’ confidence. This
certainly spurs large demand in the property market for office space, shopping
malls, catering services, apartment and residential houses. Following growing
demand trends, and with the expectation of high return on their investment
capital, large number of land developers pooled their financial resources and
invested in the property market.
To this effect, the owner of the envisioned Mixed-Use Building Ethiopia-based company, Mr.
Mohammed Seid Adise ,who has been living for long time in this city, planned to buy and rent in
South West Ethiopia People Regional State, Bench Sheko Zone ,Biftu Town and undertaken this
project study to check the market, technical and financial feasibility of this project. The promoter is very

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BUSINESS PLAN FOR

ambitious and committed to realize the project to buy and rent B+ G+5 mixed use building. Hence, they
expect to get the necessary support from United Bank to make the project to be operational.

Besides, the government policies and incentives for the private sector investment
are very promising that motivates the promoter to engaged in mixed use building
business.

2. Project Objectives
2.1 General Objective
The major goal of this project is to contribute towards the growth of the trade sector in South West
Ethiopia People Regional State, Bench Sheko Zone ,Biftu Town.
Its specific objectives include the following.
2.1.1 Specific objective
 To construct and develop modern shops, offices, and restaurant& cafeteria
facilities that enable to provide standard services to customers.
 To undertake trading and other refuted business activities that enable to
generate a reasonable to the invested capital.

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 To develop modern business center that would provide full services on city
standard.
 To create employment opportunities.
 Contribute towards the beautification of the city through the construction of
modern building infrastructure and facilities.
 To establish economically viable, socially acceptable and environmentally friend mixed use
Apartment.
2.3 Project description
The long-term goal of the project is become the best choice trade center in the
city. The proposed project will have a total area of 1,500m 2 in which the
construction area is 250m2, designed to reader a multipurpose giving business,
which will in turn plays significant role towards solving shortage of business center
in Biftu Town.
The historical nature of the city as business unique location in one of the most
attractive centers in Ethiopian (100% urban center). The owners plan the project to
render banking and insurance, shopping facility, offices and cafeteria services to
create high quality class to satisfy the interest of customers in the city. Based on
environmental and other considerations, the entrepreneur has determined the
type and size of the building which is already determined by the site; conceptual
planning and preliminary analysis have been carried out by analysts.
In order to attract its clients to the service, the project will develop high standard
shop & banking rooms and office of best choices and will also save best quality
apartments, restaurant and café.
2.4 Project Rationale
Mixed-use projects are developments which combine two or more types of revenue producing real estate
developments. Mixed-use projects may be either low rise suburban projects or high rise, high density
urban projects. Mixed-use projects were created to satisfy a convenience and marketing demand using
valuable property for its highest and best use. For instance, to have a hotel function provides advantage
for office visitors while creating a demand for the hotel itself. The synergy created between the
components creates vitality for the mixed-use development and generally combining different functions

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BUSINESS PLAN FOR

in one single project is superior to each single development. Mixed-use developments are characterized
by:
 three or more significant revenue-producing uses (such as retail/entertainment, office, residential,
hotel, and /or civic/cultural/recreation) that in well planned projects are mutually supporting;
 significant physical and functional integration of project components (and thus a relatively close-knit
and intensive use of land), including uninterrupted pedestrian connections,
 development in conformance with a coherent plan (that frequently stipulates the type and scale of
uses, permitted densities and related items).
Integrated shared parking is a key component, improving land-use efficiencies and reducing cost.
Pedestrian circulation and orientation are critical elements in the planning process, because without them,
the project will not work as a whole and will not achieve the desired synergies and sense of place that are
the hallmarks of mixed-use developments. This second criteria distinguishes mixed-use developments
from other real estate projects that may include three or more significant revenue producing uses but do
not fully integrate them such as business parks or master planned communities.
Physical configuration of mixed-use developments can be categorized into three groups as below:
 Mixed-use Towers: These are single, high rise, high density towers. Functions are layered vertically.
Mostly located in downtown. They have striking physical profile and create land marks so helpful in
marketing the development but have a disadvantage of creating less public outdoor space.
 Integrated Multi-tower Structures: These structures architecturally connect individual buildings and
towers in one multi-component development. Common building may be an atrium, a shopping
center or underground parking area. Mostly found in downtown central business district (CBD) or
high-density suburban downtowns.
 Mixed-use Town Centers, Urban Villages and Districts: This type of mixed-use projects is made up
of variety of individual buildings around streets, parks or squares and seems like an urban district
more than a single project. Mostly developed outside downtowns. Mixed-use town centers, urban
villages and districts are clearly the direction that most mixed-use designs are moving today. They
also offer greater flexibility for timing and phasing projects, important factors in improving
feasibility and reducing risk. The existing promising investment opportunities, the
demands of service need along with relatively sound investment support made
by the government in such kinds of feasible projects, compelled the project
promoter to initiate the multipurpose oriented business project to be

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established. Despite the promising business opportunities of the city, the trend
on such kinds of investment found to not enough. The mismatch between the
demand for and supply of such kind of services in easily observed in the city.
Therefore, the existing shortage or absence in the supply of these services, along
with its commercial and administrative access, better location and infrastructure
access, escalating trend of urbanization and business activities, thus it is with such
reason that this project is identified and proposed and assumed to be more
profitable.
In general, the country’s privatized and free market economy; good governance
creates a favorable environment for the development of investment for private
investors.
2.5 The significance of the project
The envisaged project deemed to add to the economic development of the city in
general in specific with following ways:
A. Source of Revenue
As public policy of any nation, the government collects different forms of taxes
from different business organizations and individuals. Among the different forms of
taxes, business income taxes, payroll income tax, lease payment and VAT are
collected from undertaking business activities. Therefore, the building will serve as
sources of revenue for the city.
B. Employment opportunity
One of the problems that our country faced is unemployment. Therefore, the
current objective of the government is working on tackling the problem of
unemployment and fostering the development process either through creating
self-employment or employment in other organization. Hence, this project will hire
26 individuals after completion of the project and more than 400 individuals during
construction.
2.6 Project Location
The license area is located in South West Ethiopia People Regional State, Bench Sheko Zone ,Biftu
Town ,the total area of the project is 1,500 m2.

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BUSINESS PLAN FOR

3.The Market Study

3.1 Market Analysis
There are a number of factors which affects the demand of standardized mixed-
use building. Of these factors, the most important to have influence is population
growth and the level of income. The currently expanding service industry in Addis
Ababa and from every corner of the country the city has been inviting skilled and
unskilled labor forces to the center; in addition, the number of both national and
international offices has been increasing. Above all the increase in the number of
population increases for the provision of different services. Nowadays, most of the
private business organizations need their own small-medium offices in order to
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give their services and provide their products, and they prefer the place that found
in the center or close to the road.

As clearly indicated in the introductory part of this proposal, South West Ethiopia
People Regional State, Bench Sheko Zone ,Biftu Town is the dynamically growing urban
center of Ethiopia. Though the market demand gap for mixed use building is not
clearly understand there is wider gap for such demand as many merchants,
organizations are flouring to the city every day. From prior business experiences,
the demand of mixed-use building is very high and hence the demand and the
supply gap is very wide.

3.2 The Demand-Supply Gap

There has been a significant growth in the number of local and international trades
across the country. This increase is mainly associated with the stimulation of
economic activist and partly due to an increase in the flow of international and
local traders in to the Addis Ababa. Since Addis Ababa is an important commercial
center in addition there is a significant increase in business activates and hence
increasing the number of traders. Even though there is a lack of quantitative
estimates that depict the actual demand and also the annual growth rate
commercial facilities are scarce in the city. As a result, there is a large gap
between the developed and that of the supply for modern Bank and cafeteria
accommodation hence this project would not face any problem of demand scarcity
for its business Centre and it would provide good service to customers.
3.3 Current supply of Mixed-use building
Commercial building/office sector has shown a dynamic change in the past few
years. The reason for this could be rapid economic growth and a supporting public
infrastructural development. Other factors relevant in the specific case of
commercial buildings are the large increases in national and international
businesses, particularly firms in the services sector.
The business of multipurpose buildings in Addis Ababa in booming highly due to
the recent rapid growth experienced in Ethiopia. As a result, a good number of
local and international organizational are coming in place. Government offices

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which used to operate in limited spaces all over the city are also concentrating on
leasing new and modern buildings. Increasing numbers of international
organization which in the past had typically converted residences into office space
are now moving towards renting whole floors or even multiple floors in modern
city-center commercial buildings.

3.4 Future market or Demand of commercial Building Rental

The demand for office space is a derived demand because firms rent space as an
input to the production of services or goods they provide to businesses and
households in the local or national economy.
Following our survey of office space users in several areas are mainly firms
providing banking, offices, cafeteria and restaurants, supermarkets, computer
center service. Future demand for office space is actually driven from growth in
number of offices in the city which in turn is influenced by the macro-economic
growth in the country. Assuming that demand for office space is directly related to
the growth in the economy, the forecast for office space demand is shown in the
following table;
Table 1: Office Space Demand Forecast
Office space demand under base case Office space demand under high case
economic economic
Years Growth Growth
E.C
2010/20 9,916,543 11,304,859
11
2011/20 11,007,363 12,057,416
12
2012/20 12,218,173 12,953,878
13
2013/20 13,562,173 13,963,577
14
2014/20 15,054,011 14,554,534
15
2015/20 16,709,952 14,987,431
16
Source: estimation based on GTP’s forecasted Ethiopian Economic Growth

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3.5 Target customers

The target customers of this envisaged project include: -
 Business Community
 Business organization
 The government bureau
 Non-governmental organizations
3.6 Marketing promotion and strategy
In order to penetrate and gain considerable market share, one of the major
marketing strategies for the project is consistently rendering quality service to its
tenants. Due emphasis must be placed on improving quality of service and
facilities. The major marketing strategies to promote the project and gain
considerable market share include:
 Advertising through different means focusing on the existing service and
facilities
 Promote in association to the key location and nearby business
 Working on sustained promotional work.
 Working on public relations to reach and influence key personas and
organization with a capacity of making decision.
 Keeping the quality of its service/ facilities and consistently improving with
changing situations.
 Seasonal discount pricing different others customer centric marketing strategies
will be used by the company.
3.7 Competition
There are different forms of competition that may face the envisaged mixed-use
building. These are price and non-price-based competition. Moreover, there are
different competitors that will compete with the project either directly or
indirectly. But the mixed-use building under discussion has diversified marketing
strategies that could enable it come up with the different competitors in the
market. Moreover, it will frequently conduct competitors research which focuses
on, the strength and the weaknesses, the different competitors’ strategies, the
techniques they use in rendering the service, their customer handling methods,

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and others. Generally, the project has many other projects all over Addis Ababa
villages which compete with it.
3.8 The project facilities and Services plan
In order to provide mixed use business center building services of a high standard,
it has been planned to construct and develop the infrastructure and facilities that
would viable to meet the requirements of an international standard business
center. Accordingly, various buildings and facilities will be constructed phase by
phase starting with the most needed ones that are essential to commence the
operation of its business activities. With the completion of construction, the
building will provide a combined service such as shops, offices, restaurant and
café service as well as modern business center that primarily serve its guests and
major clients.

Table 2: The plan is that the ground will be partitioned in to different rooms:
Buildin Descripti Measu Unit Total
g on re price in
Birr
Basement Parking Service Ca 5/per 5*50*365=91,250
rs hour
Ground Supermarket, M2 350 350*1100*12*2=9,240,00
Bakery, 0
Pharmacy,
Banking &
Insurance
1st floor -2rd Beauty salon, M2 224 224*1100*12*3=8,870,40
floor shop, Computer 0
Center,
Cafeteria and

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Restaurant
rd
3 floor Different offices M2 219 219*1100*12*4=11,563,2
00
4th -5th floor Apartments& M2 150 150*1100*12*13=25,740,
Meeting halls 000
Total 55,504,850.00
Since the project will be engaged in mixed building the main sources of its annual
revenue would be from the rental of building spaces such as different types of
shops, offices, and banking, café and restaurant. Therefore, the sources of revenue
have been classified in to one category namely the rental of banking and
supermarket, offices, shops, restaurant and café, meeting halls based on these
classifications. Based on the market price of similar mixed-use building in the area,
the envisioned buildings set the following fair price (Before VAT) for its service,
hence when the building construction fully get operational it is assumed to
generate a yearly income ofETB55,504,850.00.
4 Technical Studies
4.1 Description of the project Service
The envisioned mixed purpose building will provide different rental services to the
different customer groups for different purpose. The building will have basement,
ground and 20 (twenty) floors. The purpose of the building explained as follows;

 The ground floor, first floor second floor and third floor designed for different
business centers like banks, supermarket, beauty salon(man and women),
Computer center, pharmacy, internet café, boutiques, bakery, different shops
and other business activities,
 3rd floor designed for Offices.
 4th-5th floors designed for entertainment and meeting hall

4.1.1 Land Use Plan

The total land required for the envisioned project is estimated to be 1,500m 2. The
total area for the construction of the building will be 300m 2, as revealed below.
Table 3:Land utilization Plan
N Description Land M2
o Basem Grou First floor-

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ent nd floor Twenty

1 Building (G+5)
1. Basement 300
1
1. Ground 300
2
1.
First floor-Floor 300
3Twenty
Total 300
4.2 Building and Technology
4.2.1 Building
The building has been completed and is fully operational. The rest of the work will be completed the
next time and you will be able to earn extra income by renting out unoccupied rooms.
Mechanical and Electrical install coincided with each other due to the need for
coordination between the two divisions. There were several periods of construction
during the schedule in which there were multiple construction activities occurring
at the same time.
The construction site must be organized accordingly as these processes take
place. As with any construction project, the goal of the schedule will to complete
all the maintenance and finishing activities. This date of completion of
maintenance & finishing works are practical based on the time of year.
4.2.2 Architectural Design & Layout
Although functional spaces for the project were laid out in significant detail, the
rest of the building had designated spaces but set layouts. It was at the discretion
of the project promoter to devise typical layouts for the non-detailed commercial
and office spaces. To make sure that the building’s layouts were practical, the
project owner researched typical architectural layouts for laboratory and executive
office spaces. The walls and partitions throughout the floor were congruent with
the structural frame and column locations.

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4.2.3 Structural design

One of principle deliverables of the project is the structural design of the building.
The structural bays were coordinated with the layout of the building adjustments
would be made to the bays if specific layouts were necessary. The frame would be
made up of a grid with repeating standard structural bays. Included in the structural
system were bay sizes, shape and size of structural members, floor compositions
and curtain walls. These elements were established to resist gravity at lateral loads
as appropriate.
The gravity load design was completed for two frames; one of structural steel and
one of reinforced concrete. The structural steel frame was choose for further
design based on cost per square foot, local availability of material and
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constructability considerations, such as erection and fabrication. The steel system

was then be designed for lateral loading with necessary adjustment being made to
framing.
4.2.4 Reinforced concrete
The project group prepared hand structural design calculations for a typical bay of
a reinforced concrete frame. In all reinforced concrete bay designs, a
superimposed dead load of 8 pounds per square foot was assumed for mechanical
equipment, floor coverings and ceilings.
Similarly, the design of the typical bay accounted for the use of different
commercial space, in which a live load of 1000 pounds per square was assumed.
Loads was calculated based on the requirements of the minimum Design loads for
Buildings and other Structures.
4.2.5 Foundation Design
The design of a superstructure may be accurate, have considered all possibilities
and still fail because the substructure is incapable of distributing the applied loads
to the supporting soil.
Foundation design takes more into consideration than merely the loading from the
columns. While the main part of the project focused on the structural frame and its
alternate designs, a preliminary foundation plan was designed based upon
maximum load carried from the superstructure through the columns. The
foundation design conducted by the project team consisted of the selection of
foundation type, determination of the bearing capacity and the design for typical
interior and exterior spread footings.
4.2.6 Construction Plan and process
The construction process for this project is normally a disjointed three mages
development by which the conceptualized need of the promoter of this project is
translated into a functional facility that was meet their needs in terms of time, cost
and quality.
Based on a general program of the project owners the consultant who was going to
be hired makes site studies, develops structural designs, prepares drawings and
specifications, determines quantities involved and estimated the resultants costs.

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All these activities was done in the first phase of the project which is the design
stage after the document are produced by the designers have been received, and
the works secured the project is supposed to construct by its own company. And
then, the project constructor was expected to prepare and submits a detailed
construction program which includes material schedule, manpower requirement
and cash flow forecast.

4.3 Utilities
A number of utilities world be put in place in order to ensure smooth
functioning of the project. These utilities include:
Table 4: Utilities
N Cost
o Description Qty. Unit cost (Birr)
100,00 1.30*10,0 130,00
1 Electricity supply, kWh 0 00 0
10*500,00 500,00
2 Water Supplym3 50,000 0 0
20,000
3 Telephone and Internet
Broadband
2000 19*2000 38,000
4 Fuel, Oil and lubricant

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1,188,0
Total 00

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5 Engineering and civil works

5.1 Land, Building and Civil Works
The Mixed-use building has a total site area of 1,500 m 2. The building floor area has covered 300
m2 and the remaining 1,200 m2 is left for construction. The type of buildings and its
corresponding civil construction cost is given on Table 5.
Table 5: List of Building and Civil Works and Their Costs
No Description Total price

A. SUB-STRACTURE
1 excavation and earth works 483,657.25
2 concrete work 3,350,225.34
Sub total 3,833,882.42
B. SUPER STRACTURE
1 Concrete work 13,413,310.11
2 Block work 954,154.51
3 Roofing 296,016.84
4 Carpentry and joinery 560,104.80
5 Metal works 1,420,087.80
6 Finishing 5,382,686.43
7 Painting 477,132.06
8 Electrical installation 12,518,850.90
9 Sanitary installation 1,991,268.06
Subtotal 37,013,611.51
A+B 40,847,493.93
Vat (15%) 6,127,124.09
Grand total 46,974,618.02

As shown on Table 5, the total cost of building and civil work is estimated at Birr
46,974,618.02and out of which the proponent has worked more than birr 23.6 million.

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5.2 Manpower and training requirement

5.2.1 Manpower requirement
The list of manpower and the annual cost of labor is indicated in Table 6.
Table 6: Manpower Requirement and Annual Labor Cost
Position No Qualification Monthly Annual
SN salary /Birr salary /Birr
1 General manager 1 BA in management 10,000 120,000
2 Building admin 1 BA in Acct/Mgt 8,000 96,000
3 Secretary 1 10+2 in secretariat 3,000 36,000
science
4 HRM Officer 1 10+2 in 4,000 48,000
HRM/Management
5 Technical and 1 Diploma in building 8,000 96,000
maintenance maintenance
manager
6 Finance head 1 BA in Accounting 6,000 72,000
7 IT Technician 1 Diploma in computer 72,000
science/IT 6,000
8 Marketer 1 Diploma in marketing 5,000 60,000
9 Accountant 1 Diploma in accounting 4,000 48,000
10 Guards/Security 4 Basic 2,500 30,000
11 General Service 1 Diploma in Mgnt 6,000 72,000
head
12 Purchaser 1 Diploma in purchasing 3,500 42,000
&Sup Mgt
13 Electrician 1 10+2 in general 4,000 48,000
electricity
14 Plumber 1 10+2 in general 3,500 42,000
mechanic
15 Casher 1 10+1 in bookkeeping 3,500 42,000
16 Cleaner 5 Unskilled 3,000 36,000
17 Maintenance 1 10+2 in General 3,500 42,000
officer mechanic
18 Driver 1 10 completed 2,500 30,000
Total 26 86,000 1,032,000
Benefit (20%) 17,200 206,400
Grand Total 103,200 1,238,400

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5.2.2 Labor Availability

Workers for this type of plant were available throughout the year. No foreseeable problems are
expected as most of the work requires no previous skills.
5.3 Project implementation
The building is in full swing, with some work to be completed. The major
activities include Bank loan processing to buy and rent the building. The time
schedule for major activities is presented below:
Table 7: project Implementation schedule
S Activities Date
N
1 Preparation Project Proposal March 2021
2 Bank loan processing Mar- April 2021
6 Service execution May, 2021
5.4 Organizational Structure
5.4.1 Organization and management
Organizational Structure
The organizational structure of the project is designed by including all the
necessary personnel under the right division. At the top of the organizational
structure, there will be manager with the responsibility of supervising the
overall activity of the building. Depending up on the nature of the center and
the amount of work to be performs; there exist auxiliary units under the
general manager.
Employees under each unit will be supervised by the department head that
is accountable for the general manager. General Manager is appointed by
the owners
As clearly shown in the organizational structure, the center organization has
one general manager and three main sections. Under the general manager
there are the, Marketing Department, Maintenance and Building
administration department. Under building admin dept there exist two
sections i.e., HRM & finance and general service. Further sub sections are
also organized under technical and maintenance manager. The following
section deals with the duties and responsibilities of each department.

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A. The General Manager’s Duties and Responsibilities

 He/she will plan, organize, direct and control the overall activities of the
building.
 He/she will devise policies and strategies that will enable the center to
be profitable.
 He/she will incorporate modern technological innovation that will
facilitate the service delivery of the building to increase customer’s
satisfaction.
 He/she will plan, organize, direct and control the human and non-human
resources of the building so as to achieve the short and long run
objectives of the organization.
B. Building Administration Department
The building Administration Department of the multipurpose building has two
main sections (HRM and Finance and General Service section). It has
responsible for undertaking the following activities;
 Manage the human resources and control employee’s activity
 Well non-human resources of the project, which include; effective
handling of the different resources of the building, and devise strategies
of controlling against fraud and damage.
 Will provide the right material or inventory to the center with right price
at the right time.
 Will plan, organize direct and control the financial transaction of the
building by using all the necessary documents.
 Accountant and casher that will collect money from the customers.
 Will develop sound financial control system by developing modern
financial control systems.

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 MIXED USE BUILDING
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 Will prepare the annual financial statements and prepare condensed

reports for both the General Manager and other concerned government
body.
 Follow the overall status of the business and provide maintenance and
repair services
C. The marketing Department
 Will handle the overall marketing activities of the organization which
include planning, organizing, directing, and controlling.
 Will develop the marketing strategies for future multipurpose building
development
 Will develop effective customer handling strategies.
 Execute the promotion methods.

D. Technical and maintenance manager

 Will handle the overall physical maintenance and related issues
 Will make sure electricity and back up is organized.
 Follow up security issues and educate tenants
 Works in collaboration with general service to make sure tenants
are well served

Owners

General Manager

Building Maintenance
27 Marketing Service Delivery
administration Department Department Department
 MIXED USE BUILDING
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Figure 1.organizational structure

5.5 Financial Requirement and Analysis

The financial resource is a prime resource for undertaking any activities.
Hence for implementing this mixed use building a total of
60,000,000.00ETB is required. From this 10% 6,000,000.00birr will be
covered by the promoter of the project while the rest 90%(54,000,000.00)
will be covered through loan from bank at the prevailing interest rate.
Therefore the said amount of finance is needed for undertaking the following.
5.5.1 Fixed Investment
A. Land, Building & Construction
S. Description of works Total Cost in birr
N
1 Building construction 46,974,618.00
2 Site improvement 86,500.00
3 Design and supervision 207,600.00
4 land lease 731,167.00
Total 47,999,885.00
B. Building Machineries and Equipment’s

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SN Description Measure Qty Unit cost in Total cost in

ment Birr Birr.
1 Generator Unit 1 519,000.00 519,000.00
2 Carpentry tool box Set 1 46,710.00 46,710.00
3 Electrician tools box Set 1 32,005.00 32,005.00
4 Plumber tools kit Set 1 21,279.00 21,279.00
5 Fire extinguisher Unit 12 27,680.00 332,160.00
(Security Equipment)
6 Elevator Unit 1 750,000.00 750,000.00
Total 1,396,674.00 1,701,154.00
C. Vehicle
S Descriptio UO Qt Unit Cost Total Remar
N n M y in Fr. cost in k
Birr
1 Mini-Bus Unit 1 519,000.0 519,000.0 Duty Free
0 0
Total 519,000.0
0

D. Office Equipment
SN Description Measurement Qty Unit cost in Total cost in
birr Birr
1 Managerial tables Unit 1 12,600.0 12,600.00
0
2 Managerial chairs Unit 1 19,500.0 19,500.00
0
3 Office table with chair Unit 7 12,000.0 12,000.00
0
4 Secretarial table with chairs Unit 1 8,500.00 8,500.00
5 Computer with chairs Unit 1 15,000.0 15,000.00
0
6 Shelf Unit 3,500.00 3,500.00
7 Filing cabinets Unit 1 1,500.00 1,500.00
8 Guest chairs Unit 1 4900.00 4900.00
9 Fax & Telephone machine Unit 1 1,300.00 1,300.00
10 Carpet and Curtain LS 1 23,000.00

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Total 101,800.00

5.5.2 Working Capital

A. Operating Expenses
S List of Items Annual cost in Assumptions Used
N birr
1 Audit and legal 48,000.00 4000 br/per ,month
fee
2 Stationery 12,000.00 1000 br/month
supplies
3 Promotional Cost 40,000.00 Lump sum annual
cost
4 Property 84,009.00 1% of the building
Insurance
5 Cleaning Supplies 12,000.00 1000 br. Per month

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6 Uniforms 12,000.00
7 Water 5,000.00 2500 m3 by 3.15 br
consumption
8 Electric 130,000.00 100,000KWH By
consumption Br.1.30
9 Fuel 38,000.00 2000 lit per year by
Br.19
11 Telephone & fax 20,000.00 1800 per month
12 Repair expense 72,018.00 2% of building cost
13 Miscellaneous 40,000.00 6000 per month
costs
Total 513,027.00
B. Pre-service Expenses
SN Description Cost in birr
1 Project proposal 100,000.00
2 Licensing fee and others
Total 100,000.00
5.5.3 Summary of Total initial investment cost

S Description Cost in Birr Percentage

N Share
1 Land, building & construction 45,130,431 75.22%
.00
2 Building machines &Equipment 2,248,654. 3.74%
00
3 Vehicle 519,000.00 0.86%
4 Office Equipment 101,800.00 0.17%
5 Total fixed investment cost 47,999,885 79.99%
.00
6 Salary expense 1,238,400. 2.06%
00
7 Operation Expense 887,536.71 1.48%
8 Pre service Expense 100,000.00 0.17%
9 Total Working capital 3,774,178. 6.29%
29
10 Sub total 54,000,000 90.00%
.00
11 Contingency (10%) 6,000,000. 10.00%
00
Total initial investment 60,000,00 100.00%
capital 0.00

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6 Financial analysis
The financial analysis of this mixed-use project is based on the data presented in the previous
chapters and the following assumptions: -
Finishing period 5years
Source of finance 10 % equity
Debt finance 90 % loan
Bank interest 13%
Discount cash flow 10%
Accounts receivable 30 days
Raw material (perishable) 3 days
Raw Material (nonperishable) 30 days
Cash in hand 5 days
Accounts payable 30 days
Repair and maintenance 5% of equipment cost

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6.1 loan payment

Installment Periods (in years )

1
Item 0 1 2 3 4 5 6 7 8 9 0
Loan disbursed
Principal 24,158,52 3,451,218 3,451,21 3,451,218 3,451,21 3,451,21 3,451,21 3,451,218
8 8 8 8
8
Interest (13%) 4,486,583 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658
Total 28,645,111 448,658.0 448,658.0 448,658.0 3,899,876.0 3,899,87 3,899,876 3,899,87 3,899,87 3,899,87 3,899,876
0 0 0 0 6 6 6 6
Outstanding Balance

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6.2 Repair and Maintenance Cost

The annual repair and maintenance cost of the plant is estimated based on the following rates.
Table 8: Repair and Maintenance Cost
Item Rate
Machinery and equipment 5% of the total cost or Book value

Building and civil works 2% of the total cost or Book value

Utilities 5% of the total cost or Book value
6.3 Depreciation and Amortization
The following depreciation rates are applied to depreciate the assets of the project:
 Buildings and associated Civil works 5%, linear to scrap Value
 Machinery and Equipment’s 10%, linear to scrap Value
6.4Total Revenue
Based on the projected profit and loss statement, the project will generate
a profit throughout its operation life. Annual net profit after tax increases
from Birr 8,810,480at the beginning of the project to Birr
22,502,429during the last year of operation year. The detail is presented
in Annex.
6.5 Discounted Payback Period
The payback period, also called pay–off period is defined as the period
required recovering the original investment outlay through the accumulated
net cash flows earned by the project. Accordingly, based on the projected
cash flow it is estimated that the project’s initial investment will be fully
recovered within 3 year 9 months.
6.6 Cash flow
The projected cash flow of the envisaged project shows that the project
would generate positive net cash flows throughout the operation years.
Cumulative cash flow generated by the project towards the end of the first
operation year will amount to Birr 9,259,139. At the end of the project life,
this amount will rise to Birr 23,618,548. The detail is presented in Annex.

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6.7 Benefit cost ratio

The BCR is defined as the ratio of the sum of the project’s discounted
benefits to the sum of its discounted investment and operating costs.
When BCR > 1, accept the project
When BCR < 1, reject the project
When BCR = 1, be indifferent
n
Bt
 (1  r ) t
t 0
BCR  n
Ct
 (1  r ) t
t 0

BCR is 5 and positive this indicates this project would return 5 birr in benefits
for each birr spent.
6.8 Internal Rate of Return
The internal rate of return (IRR) is an indicator of the efficiency or quality of
an investment. A project is a good investment proposition if its IRR is greater
than the rate of return that could be earned by alternate investments or
putting the money in a bank account. Accordingly, the IRR of the project
after tax is computed to be 34.13% indicating the viability of the project.
6.9 Net present value
Net present value (NPV) is defined as the total present (discounted) value of
a time series of cash flows. NPV aggregates cash flows that occur during
different periods of time during the life of a project into a common measuring
unit i.e. present value. It is a standard method for using the time value of
money to asses’ long-term projects. NPV is an indicator of how much value
an investment or project adds to the capital invested. In principle a project is
accepted if the NPV is non-negative. Accordingly, the net present value of
the project at 10% discount rate is found to be Birr54,439,417which is
acceptable.

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7. Conclusions and Recommendations

Conclusion
The objective of this proposed feasibility study is primarily to facilitate the
entrepreneur with the investment information and provide an overview
about project. The proposed feasibility may form the basis of an important
investment decision and in order to serve this objective, the document
covers various aspects of Concept Development, Start-up, Production,
Marketing, Finance and Business Management.
The feasibility is based on the information obtained from various sources as
well as discussions with businessmen. For financial model, since the
forecast/projections relate to the future periods, actual results are likely to
differ because of the events and circumstances that don’t occur frequently
as expected.
Whilst due care and attention has been taken in performing the exercise, no
liability can be inferred for any in-accuracy or omissions reported from the
results thereof. It is essential that our report be read in its entirety with
financial model in order to fully comprehend the impact of key assumptions
on the range of values determined.
The project is accessible and has the necessary infrastructure such as road,
telephone, water and electric power. The proposed project clearly identifies
all the necessary equipment, inputs, management of the company and the
required man power. The highest authority in the project will be vested in the
hand of the owner. He will control the overall activities of the proposed
project. Demand projection divulges that there is high demand for building

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 MIXED USE BUILDING
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rental in the country. Accordingly, the planned project is set to provide

quality services in the area.
The proposed project possesses wide range of economic and social benefits
such as increasing the level of investment, tax revenue and employment
creation for both women and youths. It will have also environmental
concerns to protect it by planting trees around its working area and by
utilizing environmentally friendly raw materials. Generally, the project is
technically feasible, financially and commercially viable as well as socially
and economically acceptable. Hence the project is worth implementing.

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Annex 1. Sales Revenue

Descripti Project year
on
1 2 3 4 5 6 7 8 9 10
Ground floor 9,240,00 10,164,00 12,298,44 13,528,28 14,881,1 16,369,22 18,006,1 19,806,7 21,787,4
Rent 0 0 11,180,400 0 4 12 4 46 61 37
Size
1110 1110 1110 1110 1110 1110 1110 1110 1110 1110
unit price
350 385 424 466 512 564 620 682 750 825
Rent for shop
and office 1-3 2,956,80 4,761,95 5,761,96 6,338,16 6,971,98
floor 0 3,252,480 3,577,728 3,935,501 4,329,051 6 5,238,152 7 3 0
Size
1110 1110 1110 1110 1110 1110 1110 1110 1110 1110
unit price
224 246 271 298 328 361 397 437 480 528
Rent for shop
and office 1-3 2,890,80 4,655,66 5,633,35 6,196,68 6,816,35
floor 0 3,179,880 3,497,868 3,847,655 4,232,420 2 5,121,229 1 7 5
Size
1110 1110 1110 1110 1110 1110 1110 1110 1110 1110
unit price
219 241 265 291 321 353 388 427 469 516
Rent for shop
and office 4-5 1,980,00 2,683,29 2,951,62 3,246,78 3,246,78
floor 0 2,217,600 2,439,360 2,439,360 2,683,296 6 2,951,625 5 7 7
Size 1110 1110 1110 1110 1110 1110 1110 1110 1110 1110
unit price 150 165 182 200 220 242 266 292 322 354
Parking 91,250 100,375 110,413 121,454 133,599 146,959 161,655 177,820 195,602 215,163
Size
1110 1110 1110 1110 1110 1110 1110 1110 1110 1110
unit price
5 5.50 6.05 6.66 7.32 8.05 8.86 9.74 10.72 11.79
Total Sale 17,158,8 18,914,33 22,642,40 24,906,65 27,128,9 29,841,88 32,530,9 35,784,0 39,037,7
50 5 20,805,769 9 0 86 4 10 00 21

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Annex 2. operating cost

Operating years of the project

Description 1 2 3 4 5 6 7 8 9 10
A. Direct cost

Raw Material Cost 513,027 538,678 565,612 593,893 623,588 654,767 687,505 721,881 757,975 795,873

Sub-total

Total Direct cost

B. Indirect cost

 Wages and Salary 1,238,400 1,300,320 1,365,336 1,433,603 1,505,283 1,580,547 1,659,574 1,742,553 1,829,681 1,921,165

 Repair and Maintenance 667,449.00 667,450.00 667,451.00 667,452.00 667,453.00 667,454.00 667,455.00 667,456.00 667,457.0 667,458.00
0
 Property Insurance 4,275.00 4,275.00 4,275.00 4,275.00 4,275.00 4,275.00 4,275.00 4,275.00 4,275.00 4,275.00

 Utility 1,188,000 1,247,400 1,309,770 1,375,259 1,444,021 1,516,222 1,592,034 1,671,635 1,755,217 1,842,978

 Land lease 422,640 422,641 422,642 422,643 422,644 422,645 422,646 422,647 422,648 422,649

 Advertising and 50,000.00 50,001.00 50,002.00 50,003.00 50,004.00 50,005.00 50,006.00 50,007.00 50,008.00 50,009.00
Promotion

 Miscellaneous Expense 40,000.00 40,001.00 40,002.00 40,003.00 44,003.30 48,403.63 53,243.99 58,568.39 64,425.23 70,867.75

Total operating cost 4,123,791 4,270,766 4,425,090 4,587,130 4,761,271 4,944,319 5,136,739 5,339,022 5,551,686 5,775,275

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Annex.3 income statement

Operating years of the project

Description 1 2 3 4 5 6 7 8 9 10
SalesRevenue 17,158,8 18,914,335 20,805,76 22,642,40 24,906,65 27,128,98 29,841,88 32,530,91 35,784,00 39,037,721
50 9 9 0 6 4 0 0
Less: Operating cost 4,123,791 4,270,766 4,425,090 4,587,130 4,761,271 4,944,319 5,136,739 5,339,022 5,551,686 5,775,275

Income before 13,035,0 14,643,56 16,380,67 18,055,27 20,145,37 22,184,66 24,705,14 27,191,88 30,232,31 33,262,446
Depreciation and 59 9 9 9 9 7 5 8 4
interest

Less: interest 448,658.00 448,658.00 448,658.00 448,658.00 448,659.00 448,660.00 448,661.00 448,662.00 448,663.00 448663

Income before 12,586,401 14,194,911 15,932,021 17,606,621 19,696,720 21,736,007 24,256,484 26,743,226 29,783,651 32,813,783
Depreciation
Less: Depreciation 0.00 0.00 667,449 667,450 667,451 667,452 667,453 667,454 667,455 667,455

Profit /Loss Before 12,586,401 14,194,911 15,264,572.00 16,939,171.00 19,029,269.00 21,068,555.00 23,589,031.00 26,075,772.00 29,116,196.00 32,146,328.00
Tax
Less: Tax (30%) 3,775,920.30 4,258,473.30 4,579,371.60 5,081,751.30 5,708,780.70 6,320,566.50 7,076,709.30 7,822,731.60 8,734,858.80 9,643,898.40

Net Profit or Loss 8,810,480.70 9,936,437.70 10,685,200.40 11,857,419.70 13,320,488.30 14,747,988.50 16,512,321.70 18,253,040.40 20,381,337.20 22,502,429.60
After Tax

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Annex. 4 loan disturbance

Installment Periods (in years )

Item 0 1 2 3 4 5 6 7 8 9 10
Loan disbursed
Principal 3,451,218 3,451,218 3,451,218 3,451,218 3,451,21 3,451,218 3,451,218
24,158,528 8
Interest (13%) 4,486,583 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658
Total 28,645,111 448,658.00 448,658.00 448,658.00 3,899,876.00 3,899,876 3,899,876 3,899,876 3,899,87 3,899,876 3,899,876
6
Outstanding
Balance

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Annex. 5 Man power

SN Position No Qualification Monthly Annual salary

salary in Birr in Birr
1 General manager 1 BA in management 10,000 120,000
2 Building admin 1 BA in Acct/Mgt 8,000 96,000
3 Secretary 1 10+2 in secretariat science 3,000 36,000
4 HRM Officer 1 10+2 in HRM/Management 4,000 48,000
5 Technical and 1 Diploma in building maintenance 8,000 96,000
maintenance manager
6 Finance head 1 BA in Accounting 6,000 72,000
7 IT Technician 1 Diploma in computer science/IT 6,000 72,000
8 Marketer 1 Diploma in marketing 5,000 60,000
9 Accountant 1 Diploma in accounting 4,000 48,000
10 Guards/Security 4 Basic 2,500 30,000
11 General Service head 1 Diploma in Management 6,000 72,000
12 Purchaser 1 Diploma in purchasing &Sup Mgt 3,500 42,000
13 Electrician 1 10+2 in general electricity 4,000 48,000

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14 Plumber 1 10+2 in general mechanic 3,500 42,000

15 Casher 1 10+1 in bookkeeping 3,500 42,000
16 Cleaner 5 Unskilled 3,000 36,000
17 Maintenance officer 1 10+2 in General mechanic 3,500 42,000
18 Driver 1 10 completed 2,500 30,000
Total 25 86,000 1,032,000
Benefit (20%) 17,200 206,400
Grand Total 103,2 1,238,4
00 00

Annex 6. discounted cash flow

Investment
Project Life years
Year

0 1 2 3 4 5 6 7

0 29,841,88
17,158,850 18,914,335 20,805,769 22,642,409 24,906,650 27,128,986 4

0 29,841,88
17,158,850 18,914,335 20,805,769 22,642,409 24,906,650 27,128,986 4

- - - - - -
34,512,183 -

0 4,123,791 4,270,766 4,425,090 4,587,130 4,761,271 4,944,319 5,136,739

0 3,775,920 4,258,473 4,579,371 5,081,751 5,708,780 6,320,566 7,076,709

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7,899,711 8,529,239 9,004,461 9,668,881 12,213,44

34,512,183 10,470,051 11,264,885
8
10,385,096.0 11,801,308.0
10,850,695.0 9,259,139.00 12,973,528.00 14,436,599.0 17,628,43
0 0 15,864,101.00
0 0 6.00

NET PRESENT VALUE (NPV)

INTERNAL RATE OF RETURN (IRR)

DISCOUNTED PAYBACK PERIOD (DPBP)

Annex 7 undiscounted cash flow

Project Years
Investmen
Description Operating years
t Year
0 1 2 3 4 5 6 7 8 9 10
INFLFOWS
Inflow Funds
Own Equity 10,353,655

Long-term 24,158,528
0 0
Loan
Inflow 17,158,850 18,914,335 20,805,769 22,642,409 24,906,65 27,128,986 29,841,88 32,530,910 35,784,000 39,037,721
Operations 0 4

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Sales revenue 0 17,158,850 18,914,335 20,805,769 22,642,409 24,906,65 27,128,986 29,841,88 32,530,910 35,784,000 39,037,721
0 4
TOTAL 34,512,183 17,158,850 18,914,335 20,805,769 22,642,409 24,906,65 27,128,986 29,841,88 32,530,910 35,784,000 39,037,721
INFLOWS 0 4
OUTFLOWS
Investment 34,512,183
0 0 0 0 0 0 0 0 0 0
cost
Operating cost 0 4,123,791 4,270,766 4,425,090 4,587,130 4,761,271 4,944,319 5,136,739 5,339,022 551,686 5,775,275
Financing
Cost
· Principal 0 0 0 0 3,451,218 3,451,218 3,451,218 3,451,218 3,451,218 3,451,218 3,451,218

·Interest 0 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658 448,658
Income Tax 0 3,775,920 4,258,473 4,579,371 5,081,751 5,708,780 6,320,566 7,076,709 7,822,731 8,734,858 9,643,898
TOTAL 34,512,183
8,348,369 8,977,897 9,453,119 13,568,757 14,369,927 15,164,761 16,113,324 17,061,629 13,186,420 19,319,049
OUTFLOWS
NET CASH 0
8,810,481 9,936,438 11,352,650 9,073,652 10,536,723 11,964,225 13,728,560 15,469,281 22,597,580 19,718,672
FLOW
BEGINNING
113,469,59
CASH 0 0 8,810,481 18,746,919 30,099,569 39,173,221 49,709,944 61,674,169 75,402,729 90,872,010
0
BALANCE
ENDING
113,469,59 133,188,26
CASH 0 8,810,481 18,746,919 30,099,569 39,173,221 49,709,944 61,674,169 75,402,729 90,872,010
0 2
BALANCE

Annex. 8 Civil works

N Description
o Total price
A. SUB-STRACTURE
1 excavation and earth works 483,657.25
2 concrete work 3,350,225.34
Sub total 3,833,882.42
B. SUPER STRACTURE
1 Concrete work 13,413,310.11

46
 MIXED USE BUILDING
BUSINESS PLAN FOR

2 Block work 954,154.51

3 Roofing 296,016.84
4 Carpentry and joinery
560,104.80
5 Metal works 1,420,087.80
6 Finishing 5,382,686.43
7 Painting 477,132.06
8 Electrical installation 12,518,850.90
9 Sanitary installation 1,991,268.06
Subtotal 37,013,611.51
A+B 40,847,493.93
Vat (15%) 6,127,124.09
Grand total
46,974,618.02

47