14TH OCTOBER 2019
14TH OCTOBER 2019
HYBRIDITY
HYBRIDITY
PROJECT TITLE
GREYFRIAR'S GREEN HYBRID CIVIC SPACE
PROJECT TITLE
CLIENT
COVENTRY COUNCIL
GREYFRIAR'S GREEN HYBRID CIVIC SPACE
CLIENT
LOCATION
COVENTRY- United Kingdom
COVENTRY COUNCIL
LOCATION
COVENTRY- United Kingdom
The client for this project clearly instructed our design team that they required a social eating space that also allowed for a residential space. Our design team however wanted to take this further and allow for an integrated social space that would in turn improve the flow and traffic of the public through the city centre of Coventry.
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The project involved creating a housing establishment on a site established close to the motorway in Coventry. After primary and secondary research of the diverse population within Coventry and the food interest, it has. A focus on cultural eating was established and was used as a tool to bring people together in the atrium space where stalls are positioned, they can cook for each other and be involved within the process.
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Creating a permeable open inviting social space was crucial to the success of the project which transferred in to the use of curved glass panels and a tensile fabric roof to promote fluidity that helped create bright and airy conditions for such social interactions to take place.
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The rigid sections of the project such as the housing units required more privacy and subtle measures have been taken to ensure this such as the use of frosted glass, change of levels. These units involved the use of 3D printing as a structural tool which was a lot more efficient, reliable and a cheaper alternative than regular building procedure which ensured the project to be handed on time and lower than the anticipated budget.
The client for this project clearly instructed our design team that they required a social eating space that also allowed for a residential space. Our design team however wanted to take this further and allow for an integrated social space that would in turn improve the flow and traffic of the public through the city centre of Coventry.
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The project involved creating a housing establishment on a site established close to the motorway in Coventry. After primary and secondary research of the diverse population within Coventry and the food interest, it has. A focus on cultural eating was established and was used as a tool to bring people together in the atrium space where stalls are positioned, they can cook for each other and be involved within the process.
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Creating a permeable open inviting social space was crucial to the success of the project which transferred in to the use of curved glass panels and a tensile fabric roof to promote fluidity that helped create bright and airy conditions for such social interactions to take place.
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The rigid sections of the project such as the housing units required more privacy and subtle measures have been taken to ensure this such as the use of frosted glass, change of levels. These units involved the use of 3D printing as a structural tool which was a lot more efficient, reliable and a cheaper alternative than regular building procedure which ensured the project to be handed on time and lower than the anticipated budget.
FINANCIAL RESEARCH
MONTHLY OUTGOINGS
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A cash flowchart in its simplest terms shows the income and outgoings of the finances of a firm and the net balance of these calculations.
Advertising is a key aspect for our firm as soon emphasis will be on the outreach to our public through various platforms such as Social Media especially through Instagram using the right hashtags, ads on these platforms and other forms such as trade shows, flyers etc.
Travel (incl petrol) is estimated for the use of supplying materials from the warehouse to the client’s location.
Materials and supplies for our firm are mainly of from the 3D printing and other miscellaneous items such as paper.
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Video on introduction to the cash flow forecast – the video helped me to quickly understand the various financial terms I was not aware of.
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Wages – for these to be calculated we first had to establish the number of employees required to carry out the work.
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DIRECTORS – X2, the average director’s salary in the UK is around 99K per year. However, since it is a new start up the salary given to the directors is 35K per year.
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LABOURERS – X5, the average salary is 38K per year, these workers are employed out of the cohort of people who started the firm therefore are being paid slightly less (35K) according to closest location rate of Manchester, considering Nottingham is a smaller city therefore the decrease in salary.
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ASSOSCIATE – the average for an associate is 37K per year, and this is reduced to 20K per year for the three associates we employ.
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CAD ASSISTANT – the average for a CAD assistant is 27K per year, since this employee will be out of the core who started the firm he/she will be paid slightly less (20K).
NATIONAL INSURANCE- this was calculated using the UK government regulations as they applied to everyone employed in the firm.
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PHONES BILL – the figure was produced from the average phone bill for a small firm with a telephone at each desk of the employees and is inclusive of the mobile contracts given to every employee.
REPAIRS AND MAINTENANCE – these figures are listed at zero since the 3D printers are leased off a contract which include maintenance work.
CLEANING – GBP 100 at a constant per month, the facility we have taken on rent is a small industrial warehouse where the 3D printers are also placed, the entire place would require minimal cleaning.
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COMMENTS
EYOB MULAT: This is some good research Nayeem, it helps me to understand how the proposed plan can be strategically targeted to get the most out of our money and who we employ, which type of policies we will need for the business plan.
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PERIODIC OUTGOINGS
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CAPITAL OUTLAY FOR EQUIPMENT – this includes the lease of the 3D printers paid monthly over the course of 10 years. GBP 5330.79
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PROPERTY IMPROVEMENTS – paid at regular intervals every 4 months for improving external and internal furnishings
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SUBSCRIPTIONS – these include the cost of software that are paid on a monthly base
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UTILITIES – GBP 300 at regular intervals
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PIP INSURANCE- as stated earlier taken from an average of third-party company estimate who provide this service.
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The regular Monthly total cash paid out (total costs) is around GBP 42,400.
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This figure also represents the minimum amount needed to make to prevent losses from occurring.
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The cash on hand at the end of the month is the leftover excess from the sales income – costs
As shown below on the spreadsheet this amount is transferable to the next month and increases steadily over time.
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Q2 AND Q4 CHANGE PROJECTIONS
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This shows the projected income values in the year 2027 carried on from estimation from the CFC of 2026. In the Second Quarter Q2 July. The Income has grown in terms of cash sales from the increased intake of projects and growth of the firm into full blown refurbishments.
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However, in comparison to Q4, the value has dropped for cash sales affecting overall income due to weather conditions affecting assembly and holiday period during Q4 month December.
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This sheet shows the changes In Q2 July for 2027, the costs for this quarter has not changed massively and it is the same case for Q4 December.
The only change being the increase in cost of materials and supplies due to the increase in project intake over the time.
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COMMENTS
VIKAS PAREKH: Nayeem this research is good to help me understand how marketing works financially in the proposed business plan.
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COMMENTS
ISAAC MOODY & SELINE NATOUR: Nayeem this research is essential information that we need to get the business plan and strategy.
