Report for Computational Design and Engineering - myassignmenthelp

Question: Write about theReport for Computational Design and Engineering. Answer: Introduction The real estate development or the property development is one of the business activities which is set from the renovation and the release of the buildings to properly purchase the raw land and sell the same for the development. Here, the conversion of the ideas is from the real property with construction to manage the processes. The developers tend to buy the land, financial real estate deals with building projects, controlling and holding the development from beginning to end. Here, the developers also tend to purchase a proper track of land to determine the marketing of property and development of building program (Wilkinson et al., 2016). The designing is through necessary public approval and financing that works on building the structures, rent out and managing the sales of the same as well. Literature Review For the property developer, it is important to focus that location is most important for the development of websites. They have been planned to design and meet the needs of the people, where there are risks of the project related to: The change in the economic environment with the new government or there is a major rise in the rate of interest. The increased cost of the material and the labour leads to the issues like the carbon tax which was implemented. This also leads to the higher construction costs at a time. The change is in the council requirements where there are new Local Environment Plans which are being gazetted with the state and the federal law changes and the law is being rezoned for this (Isaac et al., 2016). There are risks of the changing council requirements, reliability and the financial security of the contractors and the builders. There is a need to check over the worsening with the liquidation that has been half through the development project. The weather and environmental issues tend to hold up the progress of construction with change in the property cycle. The disputes with the builders and the other trading people leads to the extension for the construction as well. Here, the major experience is about the minimisation of the risks with diligence on the location, property and the council requirements (Harun et al., 2016). There is a need to make use of the financial situations to that a strong relationship and trading terms are set with it. Some of the other risks are: The land value risks The land exploitation risks Planning permit risks Construction and revenue risks The duration risks which impact the internal cost The political risk and partner risks where there is no possibility to meet the obligations. Data Gathered and Analysis There is a need to focus on the mitigation at the project level which includes: The research which is important for the different risks that include the forecasting of the development of yield, allocating the strategy and the investor demands. The occupiers and the consumer demands need to focus on the financial positioning with the research that needs to be satisfactory as well. The phasing and the contracts could be helpful for the mitigation of the construction risks which could easily be controlled through the pricing mechanisms. The fixed price contracts are also larger with the extent to achieve the best price and to allow the demands of the tenants as well (Tucker et al., 2017). The cost calculation with the development of the appraisal, pre-lease sales helps in easy working over the land purchase conditions with the marketing tests as well. The timely payments are possible with the revenues that have been set to decide about the lower interest costs. The development planning and the delivery process need to focus on the phasing where the construction depends on the flexibility, with achieving the best price possible and to allow the tenant demands with the change in the designs. The projects need to be insurance with the inline insurance policies with quality of the partner agreements as well. The timely payments will help in the timely delivery of the entire work where the construction of the product would demonstrate the market to reduce the risks with working over the possible disputes and balancing the level of spending in the development phase. Discussion and Arguments Building Information Model works over the representation of process development and computer-generated model which is for the simulation of the planning, designing, construction and the operations of the facility. It also works over making decisions and improving the process for delivering the facility. The BIM is to carry out information for the physical and the functional standards which are set with the smart objects (Wei et al., 2017). The example for this is the air conditioning unit with BIM would take hold of the data about the different suppliers, operations and the issues or procedures of maintenance, flow rates and the clearance requirements. The building information tends to characterise about the geometry and the spatial relationship where the properties of building elements and the cost estimates are for the material inventories and project schedule. The BIM applications are for the visualisation process where the 3D renderings are generated with the little additional ef fort, where the fabrications and the shop drawings are for the easy generation of the different buildings and the systems. The proper reviewing of the codes and the forensic analysis can adapt to the graphical illustrations with potential failures, leaks or the plans for evaluation. A proper faster and the effective process is important for better designing which builds proposals and performance benchmark with enabling the improved and innovative solutions. The controlled life costs and environmental standards are found to be predictable with the lifecycle costs that needs to be understood as well. Here, a proper technology helps in focusing over the 3D space with the systems working for the interferences. BIM works over the forms where the designing and contribution is towards the construction industry. The technology growth and the processes are based on evaluating the direct integration with the energy analysis. The structural standards are also important for the designing and th e construction of buildings, where BIM is effective for the intelligent modelling and processing. Conclusion There is a major focus on the construction in a proper manner, where the property developer tends to focus on the total investment with the strategic land positions which will only be purchased with the maximised tenure (Shin et al, 2016). Here, the restrictions are to the pre-specific policies where there is a differentiation of mature and growth countries. The markets in the country different with the segments and the project sizes. Hence, for this it is important that the real estate development focus over the outlook based on the existing pipeline. With the real estate development, it is important to focus on the land assembly, development and the financial building standards, where there is a commercialised development and the industrial property development as well. The dynamic processes are significant for the average duration. References Harun, A.N., Samad, S.A., Mohd Nawi, M.N. and Haron, N.A., 2016. Existing Practices of Building Information Modeling (BIM) Implementation in the Public Sector.International Journal of Supply Chain Management,5(4), pp.166-177. Isaac, D., O'Leary, J. and Daley, M., 2016.Property Development. Palgrave Macmillan. Shin, J., Choi, J., Kim, I. and Yoon, D., 2016. A Study on Development of Integrated Management System for BIM Property Information.Korean Journal of Computational Design and Engineering,21(2), pp.130-142. Tucker, M.P., Tucker, M.P., Masuri, M.R.A., Masuri, M.R.A., Cotgrave, A. and Cotgrave, A., 2017. Critical strategic issues for the integration of facilities management into the development process.Property Management,35(4), pp.380-393. Wei, H., Zheng, S., Zhao, L. and Huang, R., 2017. BIM-based method calculation of auxiliary materials required in housing construction.Automation in Construction,78, pp.62-82. Wilkinson, S.J., Wilkinson, S.J., Jupp, J.R. and Jupp, J.R., 2016. Exploring the value of BIM for corporate real estate.Journal of Corporate Real Estate,18(4), pp.254-269.