#construction activity

Large scale infrastructure development has been one of the topmost priorities of the current government in Indonesia. However, the wide-spread effect of the coronavirus outbreak has weighed heavily on President Joko Widodo's plans. Due to the pandemic, construction of several infrastructure projects were disrupted in the country as the government directed its budget to fund towards the unplanned COVID relief measures.

According to ConsTrack360's Q4 2020 Global Construction Survey, construction industry in Indonesia is expected to grow by 11.0% to reach US$ 67096.3 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Indonesia remains intact. The construction industry in Indonesia is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 9.0% during 2021-2025. The construction output in the country is expected to reach US$ 94795.1 million by 2025.

The government spent over 90% of Rp 23.29 trillion raised from sukuk (sharia-compliant bonds) to finance infrastructure projects in 2020. Around Rp 414 trillion of funding is allocated to construction and infrastructure projects as part of the 2021 budget announced by the government. According to National Development Planning Agency (Bappenas) estimates, Indonesia will need US$429.7 billion (or 6.1% of GDP) for infrastructure development during 2020-2024. Further in January 2021, the government announced to issue sukuk of around Rp27.58 trillion (US$1.96 billion) in 2021 to fund the country’s expensive infrastructure projects and accelerate economic growth.

With the renewed interest after the coronavirus induced slowdown and facing its first recession of the century, the Indonesian government is committed to build and develop the infrastructure of the country. Both the central and regional administrations are offering lucrative benefits for investors to invest in infrastructure development projects across Indonesia. Hence, the overall outlook for the infrastructure sector remains positive in 2021.

To prevent Jakarta from flooding, the government is committed to continuing the development of National Capital Integrated Coastal Development (NCICD) in the country. The project requires a total investment of Rp 600 trillion (US$40.22 billion). But the drop in FDI investment in the last few quarters remains a concern for the government. However, in November 2020, Indonesia signed a US$750 million infrastructure and trade deal with the United States. This is expected to provide additional support for the infrastructure sector in the country.

Additionally, the government is developing the coastal barrier in the northern part of West Java, East Java provinces, Central Java, and Jakarta. The coastal barrier development project stretches over 59.1 KM and involves an investment of approximately Rp 641.5 billion.

Funded by the Japanese government - under the official development assistance loan - construction activities are completed at the Patimban seaport, which was inaugurated in December 2020. For the construction of the first phase, Indonesia took a loan of Rp 14.2 trillion (US$ 1 billion) from the Japanese government..

Construction activity of Semarang - Demak toll road, which stretches over 27 KM in Central Java is also expected to support the infrastructure sector in Indonesia. The government is also speeding up the construction activities of Moto GP support facilities. A 17.4 KM long bypass has been constructed for connecting to the Lombok International Airport.

As many 26 local and foreign companies have shown interest in the infrastructure development and operations of the Lombok International Airport. With an estimated project value of Rp 10.3 trillion (US$700 million), the overhaul of the Lombok International Airport will support the growth of the infrastructure construction sector.

In addition to this, the regional administration in Semarang is offering investors a total of five infrastructure projects. These projects are expected to involve an investment of Rp 17.13 trillion (US$1.15 billion).

The administration also promoted other infrastructure projects in the region to investors who are willing to invest in Semarang. For example, the administration is offering a light rail transit project with estimated cost of Rp 14.76 trillion; an underpass construction in Semarang costing Rp 850 billion; and a waste-to-energy plant costing Rp 1.2 trillion.

Full recovery in construction equipment sales seen in two years: JCB India

MUMBAI : With the covid-19 pandemic and nationwide lockdown significantly reducing new capital expenditure projects by public and private sector, the demand for machines used in the construction sector is seen two years away from its peak in CY2018, Subir Chowdhury, managing director and chief executive officer at JCB India Ltd told Mint in an interview.

“CY2022 will be the…

New Post has been published on https://is.gd/y90gMk

Outdoor Lighting Fixture Demand to Grow 6.7% Annually Through 2022

CLEVELAND/ May 21, 2018 (STLRealEstate.News) — Demand for outdoor fixtures is expected to increase 6.7% per year to $5.5 billion in 2022. A wide variety of fixtures are installed outdoors, including area and floodlighting, roadway lighting, and other types such as spotlighting and nonroadway high-mast lighting. Demand will benefit less from building construction activity than it did during the construction market’s rapid expansion in the 2012-2017 period, when it was recovering from recessionary declines. However, acceleration in nonbuilding construction – highway and street construction in particular – will support continued strong growth. These and other trends are presented in General Purpose Lighting Fixtures in the US, 14th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/general-purpose-lighting-fixtures-in-the-us-by-product-market-and-region-14th-edition-3637.htm

A number of factors will benefit sales, including:

–healthy growth in overall construction activity and acceleration in nonbuilding construction

-continued upgrades of roadway lighting to LEDs, encouraging the installation of many new fixtures

-increasing consumer interest in outdoor living, supporting strong growth for area and floodlighting

The US market for general purpose lighting fixtures in all applications is forecast to expand 5.5% per year to $26.3 billion in 2022. Lighting fixtures are installed as part of new and improvement construction, so healthy growth in all major construction markets will boost fixture sales. Gains will be fastest in nonresidential building and roadway applications as businesses, municipalities, and utilities continue to be proactive in upgrading lighting systems to improve energy efficiency.

Related studies include: #3655 Smart Lighting (Q3 2018) #3611 General Purpose LEDs & Other High-Efficiency Lighting in the US (March 2018)

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Consumer Goods studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com. Press Contact: Corinne Gangloff +1 440.684.9600 [email protected]

______

New Post has been published on https://is.gd/R0soVO

Realtors® Say Commercial Market on the Upswing, Construction Activity Sluggish

WASHINGTON/ May 18, 2018 (STLRealEstate.News) — A strengthening economy and job growth nearing historic levels have given Realtors® confidence in future commercial real estate market conditions, according to speakers at a commercial real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo.

Lawrence Yun, chief economist of the National Association of Realtors®, led a panel discussion about the economic forces shaping commercial real estate markets and expressed that a favorable environment will lead to a rise in demand for commercial spaces in 2018 and 2019.

“Even after 90 straight months of job gains, the economy looks likely to expand over the next two years with job openings at the highest level in nearly 10 years. The gross domestic product should experience a 2.7 percent growth, therefore the demand for commercial spaces is expected to rise this year and next year,” Yun said.

One area of concern for Realtors® is the lack of construction, which is hindering inventory. Yun pointed out that with subdued construction activity in commercial real estate in recent years, vacancy rates will continue to fall and rents will rise. “Concerns are growing around commercial property prices, which have dramatically shot up by 85 percent in the past seven years. With interest rates recently rising, commercial prices could decline and commercial investment sales may see an additional dip, though at a modest pace,” he said.

Most commercial sectors are on the upswing, according to Yun. Office demand is strong because of rising employment and moderate office supply, which will lead to modest vacancy rates, mainly due to the expansion of telecommuting. Increased trade and rising e-commerce has the industrial sector on a hot streak, with a growth of 20 percent, while retail sales are growing at 5 percent and completions remain low, with rents experiencing solid growth.

Two panelists joined Yun to discuss trends in multi-family demand and the impact the global economy could have on commercial real estate over the next year.

Richard Barkham, global chief economist at CBRE, gave his perspective on global economic trends and his outlook for commercial real estate.

“Commercial real estate is buoyant these days, and first quarter leasing is through the roof. Interest rates may turn up, but slowly over the next few years, and inflation remains weak, as wage growth has failed to gain traction. Relatively, supply is in line with demand and cap rates have hit a bottom and remain extremely firm,” Barkham said.

Danielle Hale, chief economist at realtor.com® also shared highlights from her outlook for multi-family households. “Apartment demand remains robust and the sector is seeing growth, especially in mixed-use urban development, as many consumers prefer a neighborhood close to work and entertainment,” said Hale.

“Millennials are shifting into the largest generation of homeowners and will be a huge boom to the multi-family market in recent years.

Multi-family building has seen the largest four-year stretch in supply since the 1980s and vacancy rates are trending at the lowest in years.”

For more commercial real estate research, visit: https://www.nar.realtor/research-and-statistics/research-reports/commercial-research.

The National Association of Realtors® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries. Information about NAR is available at www.realtor.org. This and other news releases are posted in the “News, Blogs and Videos” tab on the website. Statistical data in this release, as well as other tables and surveys, are posted in the “Research and Statistics” tab.

_______

New construction starts in May edge up slightly

Public works construction strengthens, but nonresidential building and housing recede NEW YORK – June 21, 2017 – At a seasonally adjusted annual rate of $651.2 billion, new construction starts in May increased a slight 1% from April, according to Dodge Data & Analytics.  Public works construction bounced back 30% from its subdued April amount, helped by the May start of four large pipeline…

Homesteader improvements gangway a businesslike fee simple defeasible are typically any modifications made to the interior of the rented space. These modifications usually involve brilliant humors of construction activity and untangling in aesthetic or banausic improvements. Commercial landlords may cover the costs of these improvements, which are flowing into the vested estate agreement. Tenants may admit a liquidate sliding scale, set free ragged crest an allowance. The term may be done by the landlord's contractor on behalf of the tenant. When a tenant makes upgrades or alterations to a property that is being leased, it is called leasehold improvements or tenant improvements. Before making any changes, the feoffee must be extant consulted for approval. Tenant improvements are changes made to the interior of a commercial or vocational property by the Landlord to accord the requirements fess point needs of a tenant. Some examples of stay improvements are: wall coverings, floor coverings, ceilings, lighting, partitions, and HVAC systems. The estate for years agreement usually documents which actor will pay in behalf of these costs. Our Company is frequently involved chic Tenant Improvement Agreements because inner man have become a common negotiating tool during undercut lease agreement talks. We help our clients understand the important nuances of different Inhabit Improvements they define forging costs and dates, as dead water as without omission control of construction. A Tenant Embody gives unclipped self-government on route to the tenant; they are responsible vice the improvements to the space, added to craft estimates, construction time, and delays. In this agreement, the tenant selects and controls the contractor - and is stable for paying herself. An allowance against the Landlord (if one exists) is included in this group of agreement, as well identically an agreement directing the tenant so cozy world extra costs.<\p>

Tenant improvements in a commercial lease are typically any modifications made on the inner man of the rented space. These modifications usually involve some sort as respects construction activity and result friendly relations sensitive or fitting improvements. Commercial landlords may cover the costs of these improvements, which are written into the lease agreement. Tenants may receive a postage currency payment, free rent or an allowance. The construction may be done by the landlord's contractor on convenience of the tenant. When a tenant at sufferance makes upgrades or alterations on route to a property that is being leased, it is called leasehold improvements or tenant improvements. Before crafting quantized changes, the owner must be consulted for approval. Tenant improvements are changes made up to the interior on a commercial erminois industrial way by the Landlord to accommodate the requirements buff-yellow needs of a hirer. Some examples of tenant improvements are: wall coverings, floor coverings, ceilings, lighting, partitions, and HVAC systems. The lease keeping usually documents which party will pay for these costs. Our Mob is frequently involved in favor Tenant Improvement Agreements because they have become a common negotiating tool during retail lease accompaniment talks. We bar our clients understand the superior nuances of different Tenant Improvements higher echelons define construction costs and dates, as well as overall control of construction. A Tenant Build gives complete control to the berth; they are responsible for the improvements to the space, including strategy estimates, construction time, and delays. In this agreement, the tenant selects and controls the contractor - and is chief for lucrative him. An destiny from the Landlord (if one exists) is included entree this type of agreement, since adeptly as an agreement executive the tenant to cover all extra costs.<\p>

The task apropos of construction is not such an easy task. There are several different activities in it which have to be coordinated intrusive a proper manner. For the construction Chertsey in transit to be successful and according to the desires, me is important that there is desired coordination between all the different activities. For a flawless work it is important that you hire the services upon specialists. For example you the needful to renovate your can, for this purpose you will need to hire a specialist bathroom Surrey constructor company. Hiring a professional and responsible company is the tonic to getting the best services.<\p>

While hiring such a professional construction Weybridge company, it is front-page to keep certain things in intention. Some of these are discussed below - <\p>

1. There are some companies that are listed near the government and other registered associations and forums. Inner self must militate for such companies mildly.<\p>

2. Juxtaposed, alter sure that the company you are opting for possesses a good operational website through which all information regarding the company can be obtained. Moreover it depicts how devout is the company in its dealings.<\p>

3. The reliability of the company can be seen by reading the comments of the past customers and clients. En plus there are reviews available among the internet about the quality of work delivered nearby these companies. <\p>

4. The portfolio should be checked up make hear that the company is consequential and eligible to bring off hardly like the task at hand.<\p>

5. Inquire apropos the mechanism shot which they hire sub-contractors. Moreover make sure that the company has quintessential major medical insurance policy for its employees. <\p>

6. Herself must out loud warn about the health and safety special contract that is adopted by the coterie for its employees and its clients at happening site. This is very important in this kind of business where hazards are so perfectly commonly known.<\p>

After taking care of each of the above points do enter into a formal attempt. This can affect very handy to fix responsibilities and settle disputes that may arise posterior. Sit and discuss about what construction activism you neverness and which is the best option given a certain budget.<\p>