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14TH OCTOBER 2019

LOCATION: DRYDEN CENTRE DRY002, CITY CAMPUS, NTU

MINUTES OF FOURTH MEETING FOR PROFESSIONAL PRACTICE COURSEWORK HELD AT 14:00 [2HRS]

Members Present: Anthony Dalby. Simon Chiou. Nayeem Shaik. Vikas Parekh. Seline Natour. Isaac Moody. Eyob Mulat.

 

4TH Meeting​

 

Minute:

 

Task 1: Tasks to have been completed for today

Task 1.1: The blog to have been updated by Eyob Mulat.

Action to task: Blog has been updated

Task 1.2: Nayeem Shaik needs to research and update the financial strategy for the three-year business plan.

Action to task: Nayeem has researched and inputted and updated the cash-flow spreadsheet with estimates for the business plan.

Task 1.3: Isaac Moody to further research the 3D printing and drones/AR process.

Action to task: Isaac has researched all the above and reordered information in a spreadsheet which compares different costs, size, manufacturer and advantages/disadvantages.

Task 1.4: Seline Natour to develop the logo iterations.

Action to task: Seline did this and brought the iterations to the meeting to discuss.

Task 1.5: Vikas to be updated of missed meeting and to research into the first year of the business plan; bespoke elements and if there is a target market for our business plan.

Action to task: Vikas was updated and informed on what to research and brought to the meeting for discussion.

 

Task 2: To enhance our core values and aims of the business plan, we had a group discussion of topics introduced to us in a lecture.

Action to task: We did a Political, Economic, Social, Technological, Environmental and Legal (PESTEL) analysis.

 

Political Analysis: government strategies – changes made during the time such as intervention in construction industries. Government funding for our projects may help free up funds from the original budget meaning more money could be available for the company to help with marketing. This could help encourage people to develop their homes. A change in government policies may pose an issue for the funding for our projects. Having focused on building on existing structures, planning permission must be needed to start work.

 

Economical: changes to the government will have an impact on our company. This is due to the ability for the new political party in power to change laws, and legislation will mean changes will be made to the running of ADAPT. These changes could include; TAX, inflation, Economic Growth and Exchange Rates: In terms of exchange rates and interest rates, won’t affect our firm much. However, the interest rate will only affect us if we borrow money which would tell us how much we need to pay them back. However, due to borrowing rates so low it’s not an issue. Need to bear in mind as it can go up and then can become a larger factor in financial planning. Exchange rates will only be an issue if we make our firm international and work abroad.

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Social: Population growth, there is a greater increase in older people, people living longer with fewer children and older people to be looked after but not a lot to look after. A lot of people with pension and state pensions and they are funded by wages and national insurances but not enough people to pay that. Community behaviour: it is essential to maintain and reinforce the importance of preserving architecture within the community as architecture is part of their history. Cultural differences: may mean adjusting marketing methods. Cultural differences and population growth could have an impact on the popularity of conservation architecture. Activity rends: many activities base on whether we can fund or create charitable events and host openings to allow advertisement as well as many are very seasonal.

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Technological: New technologies will impact services provided by ADAPT. Alterations will be looked over to keep the machines and technologies of 3D printing updated to the latest model allowing better accuracy to the services provide. Any new construction techniques can be used to market ADAPT. New products and methods of marketing can be produced and could be sold through this medium. As a result of fast pace technological development, CAD and BIM software will change how architects work and design. New materials and processes will change how architects work and design.

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Environmental: The re-use of raw materials and locality consciousness can be used as a marketing tool to show we are respectful of the local area. Encouraged re-use of contents: the use of reusing materials is significant in our firm as this is how we maintain the history of the building and help reduce costs. Locality/consciousness: this is the understanding the creation of new construction/architecture will have an impact on the surrounding area in a way. The need to create a sustainable and environmentally friendly approach to design as a factor such as global warming, CO2 emissions are a concern.

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Legal: English heritage legislation, National trust of historic legal preservation, government planning portal, AABC Register and SPAB. These are all considered as legal factors which must be taken into consideration to maintain high-quality output and ensure all documentation meets legal requirements.

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Task 3: ARB code of conduct discussion

Action to task: In the seminar, we discussed different rules that we should think about for the business plan that would apply to us and what we need to be especially aware of. From this discussion we agreed that the following codes are essential to be mindful of;

  • Fee agreements and having a clear scope of work clearly stated

  • The importance of job allocation plan to re-adjust and keep a good track of projects

  • Planning permission and advice to never guarantee one but just state it can be done

  • Professional Indemnity Insurance – This is crucial only in case we face a problem and need to pay clients

  • The importance of stating that we have a complaints handling procedure

  • RIBA Registered architects or not we need to say this in our business plan

The most important aspect is that we need to be aware of these but, not necessary implement, design and show it as it is not a real business plan.

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