lastpage:


Economics makes us understand that "goods are bought ONLY when there is an Equilibrum".

There is Demand1
There is Supply!!
There is also PRICE!!!

Deman is considered "effective" when you have the MONEY to by what you want.

I am sure if those houses you said are "lying empty for Months", are given out at One Million Naira, over One million people will try to get one!

So, its not a question of "There is NO DEMAND" ..... its a matter of AFFORDABILITY!

The houses are empty because a lot of people cant afford them...... and it will remain so until someone with the cash, who also likes it, come along.

Its always like that for certain goods which fall under the category of "choice/ostentatious" goods.
Ofcourse, there are "face-me, l-face-you" all over the place that cater to other classes of people who are not after such ostentation.

Its not by force that someone must buy or build an expensive building.... or even build at all!
Just rent, if you cannot build or...
....Just build "small", if your money isn't enough for a storey building.



Lastpage!

esoorita:


This is the problem with Nigeria. Nigerian governments i.e Federal and States believes they are at liberty to bombard their citizens with astronomical charges on everything required from government agencies but the same governments are less interested in carrying out their responsibilities of providing infrastructures that are necessary to make life easy for the people they govern. This is the reason why an average Nigerian believes that paying all the necessary taxes is not a sacred duty but optional. The officials of EKDC tried to swindle me by charging me 40,000 Naira for two months electricity supply in a country where you couldn't enjoy uninterrupted supply of electricity for a day. They deliberately refused to install my meter so that they could continue to rip me off with their estimated bills which defies logic but provides a good undeserved revenue source for them.

FastShipping:
CC: Brabus, Mufutau55, laspage, Spyder880, abdulwastecx, gabbytabby


How una dey my people?

I want to be fair to the guy in charge of my house.


The quote he gave for the work on my house changed four days into the construction after we agreed on set amount. To be fair to him he was right that the work was a little bit higher than he thought. I knew this because people testified that more materials needed for the fence. From my recollection, he went to the site between 4-5 times before he gave the quotation but he claimed he only went twice.



Since we have agreed on set amount, I did not expect to start negotiating with him again in just four days into the work proper after I paid 1 million naira to mobilize workers to the site. So I asked him to continue his work that he should impress me and base on that, I am willing to give him extra bonus on performance basis.



In fairness, we bought extra materials that cost more than 1.5 Million Naira for the project. From your judgment, how much do you think is appropriate to give to this guy on a project that we bought extra materials of over 1.5 Million Naira? The only place we had extra work was on the fence only.


He also claimed the dollar exchange rate affected the cost of materials he bought to do the M&E. I am also willing to work with him on the exchange rate. I lost money several times on this exchange rate but I never went back to my clients to give me more money. I never even thought about saying such things to my own clients.



I want to be fair to the guy because I don't want him to feel cheated. I have set amount to pay him as bonus but I don't want to overpay him or under pay him for the extra effort on materials of 1.5 Million+ bought for the fence alone.


So ladies and gentlemen of property section, how much do you think is good enough to compensate this guy base on 1.5 Million extra materials bought for the fence only.



I look forward to your inputs.

Regards.

I like people who like to be fair to others while at the same time, they dont want to be wasteful.
Shows you have the fear of God in you.

BTW: My wife always say "it seems you have a soft-spot for this your welder" ...... when l randomly dash him money and any "excess materials l dont need!


but in truth, he is an embodiment of all l want from "an artisan" (honest, hard-working, never complains and intelligent); why wont l have a soft-spot for him?

oyb:


Just means that those expensive buildings are built with stolen money. No businessperson will invest heavily in an asset and then watch it start to depreciate without generating income.

It is a complete and uniquely Nigerian abberation

KolaShangOne:
I just saw this on Sahara reporters

There will be scape-goats but Lekki Gardens will not go down.. I'm sure more powerful men are behind it.

Another point of view is this.. Lekki Gardens or any other construction site should not allow workers sleep inside uncompleted structures. Provide temporary shelters for your workers.. In fact, people shouldn't sleep in any construction sites ideally. Anything can cause a failure at any time.

Now, Richard and the contractor may be tried for manslaughter due to negligence.

jossy26:
Hello house can the gurus help review/analyse this quotation by my engineer for a raft foundation plus German floor for a 5bedroom duplex. Thanks

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There are few "excesses there" that seems obvious. But the floor plan will help us to be even more accurate. It will help us know the size of the foot-print since all the bedrooms are not going to be on the ground floor (which is the only info you gave)

1.) Wood: You dont need 400 planks: Let us assume it is going to be 4ft raft (assumption), estimate for 300 @900 each
1 x 12, buy 200 pieces @250 each

2.) Instead of Sand, buy Stone Dust at 30tons x 2.5 (75Tons) @90 each = 225K

3.) Cement 350 Units, quoted price is okay

4.) Filling Sand depends on how high your raft will be. if not more than four planks, but 20Trips of 20tons (Laterite is about 27K/20Tons)

5.) Full Binding wire and Nail is #5,000 each ...(x 4) = #20,000

6.) Tanks and Water costs 98,000 in your quote.
Add 40,000 to it and get them to dig you a bore hole on site. You will thank me later!
(BTW: He will still come back to tell you to bring more money for water as the building goes up!)

7.) Labour should be around 10% - 12% (at most), of materials in use

If it is "me", the above is what l will do/be paying but you are your own man.


Lastpage!

lastpage:


There are few "excesses there" that seems obvious. But the floor plan will help us to be even more accurate. It will help us know the size of the foot-print since all the bedrooms are not going to be on the ground floor (which is the only info you gave)

1.) Wood: You don't need 400 planks: Let us assume it is going to be 4ft raft (assumption), estimate for 300 @900 each
1 x 12, buy 200 pieces @250 each

2.) Instead of Sand, buy Stone Dust at 30tons x 2.5 (75Tons) @90 each = 225K

3.) Cement 350 Units, quoted price is okay

4.) Filling Sand depends on how high your raft will be. if not more than four planks, but 20Trips of 20tons (Laterite is about 27K/20Tons)

5.) Full Binding wire and Nail is #5,000 each ...(x 4) = #20,000

6.) Tanks and Water costs 98,000 in your quote.
Add 40,000 to it and get them to dig you a bore hole on site. You will thank me later!
(BTW: He will still come back to tell you to bring more money for water as the building goes up!)

7.) Labour should be around 10% - 12% (at most), of materials in use

If it is "me", the above is what l will do/be paying but you are your own man.


Lastpage!

jossy26:
Sir, thanks for your comments I really do appreciate, still can't get the structural but I have a floor plan attached maybe it will give more idea. Mr Abdul says the labour looks ok considering that German floor is included; cost of material is a liitle above 2m, 10% of 2m for labour in this case doesn't look ok or am I getting something wrong

abdulwastecx:
I want to share this small security house with my oga here..
The challenge was to build a small security house that is decked and still have something befitting for entrance of house.
I want something beautiful and affordable at theaame time, so I came up with this.

lastpage:


Very correct Sir!

Finish and Go, Lock up the place and take the key away or give it to a site Security man.
Open again at 8am the next day.



Lastpage!

EgunMogaji:

https://www.youtube.com/watch?v=8ku3h_QCl9Y

Listen to the Lady at 5:00

Empiree:
I thought Lekki was better than this?. smh.

ola20ng:
hello house, I want to do a temporary soak-away which will serve only one toilet for a month or less. My house is being handled by my brother(because I am not available) and I am not totally satisfied with the outcome. So, I want to handle the finishing stage by myself when I come back. We will need this soakaway before the completion of the permanent ones because I am coming to settle in this house with my family.
I just want know the ideal size for this soakaway and also if I would need to do block works and plastering for it or just ordinary digging and covering.Do I need to evacuate it or just sand-fill when I want to close it. Thanks

EgunMogaji:


Not a recommendation, for gods sakes as I don't want the forum queens to try to eat me alive, but I've heard that you can use a "shalanga" in this such a temporary situation.

As for finishing, in my opinion you're making the best decision to be there.

EgunMogaji:


Not a recommendation, for gods sakes as[b] I don't want the forum queens to try to eat me alive, but I've heard that you can use a "shalanga" in this such a temporary situation[/b].

As for finishing, in my opinion you're making the best decision to be there.

4nobody4every1:

EgunMogaji:


It's true.

Just dig a shalanga, ring it it like a well and direct the waste pipes in there from the toilets.

Once you're done just fill it up and cement it.

But no be me talk am o, na hear I hear am

Oh my gosh, U made me laugh to the point that l fell on the ground, like seriously, do we still have such in Modern day Nigeria

4nobody4every1:
Oh my gosh, U made me laugh to the point that l fell on the ground, like seriously, do we still have such in Modern day Nigeria

EgunMogaji:


Shalanga is actually a luxury in some areas.

There are neighborhoods in old Ibadan with no shalanga.

You do your business in a polybag and do a shortput with the waste maerial, allegedly

Agbole Alagbedibo and Agbepo tinzs

Environmental pollution, Buhari / and the Vice President must hear this Buhahahahahahahahahahah

EgunMogaji:


Shalanga is actually a luxury in some areas.

There are neighborhoods in old Ibadan with no shalanga.
[size=17pt]
You do your business in a polybag and do a shortput with the waste maerial, allegedly [/size]

Agbole Alagbedibo and Agbepo tinzs

agarawu23:
Ekun!!!
You sabi that ghetto life wella

segcymoor:

Unless otherwise necessary or better still non economic use of space the sqm for 5 bedroom duplex should not be more than 200sqm
this terrace building is 4 unit and 4m plus was used for the foundation (300sqm


Think about that!

jossy26:
Sir, thanks for your comments I really do appreciate, still can't get the structural but I have a floor plan attached maybe it will give more idea. Mr Abdul says the labour looks ok considering that German floor is included; cost of material is a liitle above 2m, 10% of 2m for labour in this case doesn't look ok or am I getting something wrong

abdulwastecx:


If you are not too sure about is quotation, employ an external consultant to help you a detailed materials breakdown, Labour and supervision. You can always pay that person a small amount to do it for you.

10% for workmanship (carpenter, iron benders, plumber, concreter, labor etc) is very unrealistic.

Just coming back from my one day ban