car parking project
TRANSCRIPT
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2013
A Plan by Aiman Jan Chowdhury
3/18/2013
A Project Plan on Multi-Storey Car Parking
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Assignment
On
Project Plan
Course Code: 503
Prepared for :
Md. Mosharref Hossain
Assistant. Professor,
Bangladesh Institute of Bank Management.
Prepared by:
Aiman Jan Chowdhury 161227
Batch- 16th
,BIBM
Bangladesh Institute of Bank Management, Mirpur-2,Dhaka
Date of Submission- March 18, 2013
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Executive Summary
Now a days car parking has been one of the major problems urban areas have been confronting
with. For example in Dhaka city number of cars are increasing day by day. But the parking lots
or parking areas are not increasing proportionally. As a reason traffic jam is getting severe and
the overall traffic condition is deteriorating. This calls for multi storey car parking system which
can be extremely beneficial in this situation. A multi-storey car-park (also called a parking
garage, parking structure, parking ramp, parkade, parking building or parking deck) is a building
designed for car parking and where there are a number of floors or levels on which parking takes
place. It is essentially a stacked car park.
Many car parks are independent buildings dedicated exclusively to that use. The design loads for
car parks are often less than the office building they serve (50 psf versus 80 psf), leading to long
floor spans of 5560 feet that permit cars to park in rows without supporting columns in
between. The most common structural systems in the United States for these structures are either
prestressed concrete concrete double-tee floor systems or post-tensioned cast-in-place concrete
floor systems. In recent times, car parks built to serve residential and some business properties
have been built as part of a larger building, often underground as part of the basement, such as at
the Atlantic Station redevelopment in Atlanta. This saves land for other uses (as opposed to a
parking lot), is cheaper and more practical in most cases than a separate structure, and is hidden
from view. It protects customers and their cars from weather such as rain, snow, or hot summer
sunshine that raises a vehicle's interior temperature to extremely high levels. Underground
parking of only two levels was considered an innovative concept in 1964. Car parks which serve
shopping centres can be built adjacent to the centre for easier access at each floor between shops
and parking. One example is Mall of America in Bloomington, Minnesota, USA, which has twolarge car parks attached to the building, at the eastern and western ends. A common position for
car parks within shopping centres in the UK is on the roof, around the various utility systems,
enabling customers to take lifts straight down into the centre. Examples of such are The Oracle
in Reading and Festival Place in Basingstoke. Parking structures are subjected to the heavy and
shifting loads of moving vehicles, and must bear the associated physical stresses. Expansion
joints are used between sections not only for thermal expansion but to accommodate the flexing
of the structure's sections due to vehicle traffic. Seismic retrofits can be applied where
earthquakes are an issue.
Some parking structures have partly collapsed, either during construction or years later. In July2009 a fourth-floor section failed at the building in midtown Atlanta, pancaking down and
destroying more than 30 vehicles but injuring no-one. In December 2007, a car crashed into the
wall of the deck at the SouthPark Mall in Charlotte, North Carolina, weakening it and causing a
small collapse which destroyed two cars below. On the same day, one under construction in
Jacksonville, Florida collapsed as concrete was being poured on the sixth floor.In November
2008, the sudden collapse of the middle level of a deck in Montreal was preceded by warning
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signs some weeks before, including cracks and water leaks.Parking structures are generally not
subject to building inspections after being checked for their initial occupancy permit.
So far there is no automated, full fledged multi storey car parking in our country which is very
essential for busy, densely populated urban areas with exuberance of vehicles, more precisely in
industrial/commercial areas. If we succeed to establish a well designed and well maintained
multi-storey car parking, it will be beneficiary for the traffic system of the country at the same
time will lead to considerable profit.
Project Background
General Company Description
Company: Auto Bank Car Parking
Business type: Service
Location: Banani TAG: You are not a hustler Goal: Reduce the unsystematic car parking in order to restore the free space of Dhaka
city
Management and organization:-
1. Aiman Jan Chowdhury (CFO)2. Golam Rifat Bhuiyan (Consultant)3. Mohi Uddin Sabbir (Management)
Present Parking Situation:-
Cars parked in front of high-rise buildings and commercial establishments. Commercial establishments with no parking facilities or limited facilities. Parking spaces are being used for commercial purposes
Deadlock traffic situation
Sadeque Hossain Khoka :-"If the Dhaka City Corporation sets up some car parkingcenters in some commercial areas across the city, it will definitely help ease traffic
congestions.
Reduction in illegal Parking
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Opportunity in parking business
Reduction in illegal Parking Ensuring maximum use of road
Opportunity in parking business
A Developing county and its capital city Scarcity of parking space Lack of parking security Ensuring the traffic law Demand for the systematic car parking
Marketing Plan
Market research Segmentation and targeting Detailed outline of the product or service Unique selling points Chosen pricing strategy Promotional plans Distribution strategy (including online) Customer service strategy Market Structure and Analysis
Target Customer
Corporate Organization Car Owner
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Guests and any Individual Taxi Cab Company Delivery Van Private universities Marketing plan
Features:-
Car parking facility Roof top Restaurant Online booking facility Online car tracking Permanent rental parking service Automated Car wash facility CC Camera for better security
Promotional Plans
Environmental project (going green). Public and private partnership. Promotional strategy. The organization will have their own Web Site to contact with their entire target customer
by giving mail.
Online Booking Marketing Strategy
Space Distribution Strategy
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On the spot 50% Fixed 20% By online (Maximum 30% car)
Market size and Potential
The potentiality of the multistoried car parking is very high and the market is very biglike for our project our target market is
Banani, Gulshan, Mohakhali, Motijheel and other commercial areas. Financial Plan
Financial Analysis
Per day income
1st hour = 50 tk * 170 = 8500 tk 2nd hour = 30 tk * 170 = 5100 tk 3rd hour = 20 tk * 170 = 3400 tk 4th hour = 10 tk * 170 = 1700 tk. Rest of hour will be charge 10 tkTotal earning = 18700 tk per floor
Source Of Financial Investment
The project will financed by Lanka Bangla Finance and Government of Bangladesh.(PPP- Public Private Partnership)
Ratio: 50% : 50% Share. The project duration : 2 years Financial Plan 1 katha = 720 sft
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Land for the the project = 20 katha So the total sft. is => 20 *720 =14400 sft. Leave space => 14400 * 20% = 2880. Total space => 14400-2880=11520 sft
Financial Plan
Common space, rest room, waiting room, restaurant, stairs, lift for public = 3000 sft. Total space for project = 2880+3000- 14400= 8520 sft. Per car required space = 50 sft Total capacity = 8520/50= 170 (50car)
Financial Plan (Cont.) Per car required space = 50 sft Total car parking capacity = 8520/50= 170 (50car) Cost for making per sft. is = 3500 So total cost = 11520*3500= 40320000*(6 floor)=241920000 BDT 2 Lift cost = 2 core Total decoration= 1 core Financial Plan (Cont.) So total earning in 6 floor 18700 * 6 = 112200tk Earning from 240 (1 year) day = 112200*240= 26928000 tk. Maintenance Per year = 5000000tk. Total earning = 26928000 - 5000000 = 21928000tk Return on asset = 11.034 year
Particulars
Amount in Taka
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a) Fixed cost 2000000
b) Variable cost/ operating cost/ working capital 3000000
Grand total 5000000
Total fixed cost over the entire project period as per the following table:
Heads of expenditures/
Items of costAmount in Taka Total
i) Pre-construction expenditures:a) Land lease value 200000b) Preliminary expenses 50000c) Preoperative expenses 50000
Sub-total of I 300000
ii)Construction works:a) Building Structure 200000
b) land development 200000
c) Site development 100000
Sub-total of II 500000
iii)Machinery and Equipmenta) Imported machineries 500000b) Local machineries 250000
c) Installation and testing cost 50000
Sub-total of III 800000
iv) Other costs
a) Furniture 300000b) Fan, lighting, fittings 100000
Sub-total of IV 400000
Grand Total fixed cost (Total of I,II,III,IV) 2000000
Total variable/operating/recurring cost or working capital as per table below:
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Heads of expenditures/
Items of costAmount in Taka Total
i) Raw materials/ imputes:
a) Cotton fiber 1000000b) Dye staff 200000
Sub-total of I 1200000ii) Human resource and training cost:
a) Technician 500002b) Operators 2000010c) Assistants 100005d) Driver 100001e) Storekeeper 200001f) Guards 100001g) Training cost 10000
Sub-total of II 400000
iii) Utilities (fuel, power, water etc.)
a) Electricity 238500b) Water 7500c) Lubricant oil 4000
Sub-total of III 250000
iv)Other costsa) Packaging cost of cotton 250000
b) Conveyance 250000
d) Miscellaneous 300000e) Spare and Maintenance 350000
Sub-total of IV 1150000
Total variable cost (Total of I,II,III,IV) 3000000
Means / source of finance:
a) Fund available from own resources
10,000,00.00
b) Bank loan 40,000,00.00
Employment generation (Expected number of employment)
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Types of employee Number of employees
a) Technician 02b) Operators 10c) Assistants 05d) Driver 01e) Storekeeper 01f) Guards 01
Total 20
Who will be Benefited
General public. Government. Private Organizations. Entire Society.
Environment:-
Play ground for children will be free from parking Law Enforcement. Insurance company. Additional Features Roof top Restaurant. Car wash at ground floor. Security by close CC camera. Insurance of asset. Signs and way finding - color coding, numbering, visual cues and even machines for
making your ticket with your exact location to locate your car for easy retrieval.
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FAQ for Investors
Risk Involved People are not used to with this kind of service Political situation and government decision is unpredictable Unstable power supplysolar solution going green This kind of project is not familiar in our country.
Possible Gains
Every year number of car increasing Land Price Safety of valuable vehicles from possible damages and theft. Per capital income Future plan: Make it as a shopping center. No one is certain about the future every one can predict
Conclusion
Its not just only a business that aims to make profit. First movers advantage is there.
The project is expected to earn considerable profit and simultaneously socially beneficiary. So,
weve told about the business, our team, the opportunity, etc. Now, we need qualified investors
like you to invest. The bus spacious and roads will support the society to make our capital city
free from traffic jam and will make it more livable.