logo
Wrong email address or username
Wrong email address or username
Incorrect verification code
back to top
Search tags: Axis-Capital-Group-Singapore
Load new posts () and activity
Like Reblog Comment
text 2015-04-01 06:01
Things that Needs to be Considered with a Constructor

Jakarta, Indonesia - A contractor without a contract is just a worker and may sometimes put your project in jeopardy. Even the most honest person can never put into document every detail that happened during the discussion of the project. That is where the help of a contractor comes in. Axis Capital Group in Jakarta, a construction company based in Singapore has a list of contractors which have years of experience and wisdom in the field.

 

The Contractor

A contractor may mean a group or individual depending on the need and use. General contractor is an organization or individual that contracts with another organization or individual for the construction of a building, road or facility. 

 

The Contract

To avoid being scammed, we need to look into the contract itself.

 

A contract protects the parties involved. Just because you had a great conversation during the first meeting at the house, and even though the work is only supposed to take two days, you'll regret not having a contract when one of you forgets half of that great conversation and the work isn't completed after two weeks.

 

The License

Contractors also hold certification for them to do their job. It is better to work with a well-certified contractor to make sure that your job will not be put in danger.  While in some cities getting a contractor's license may be more a matter of writing a check than verifying skill, check to see that your contractor lists a license required for the work being done. A license may mean that your contractor passed the required exams, or it may just mean the state knows where to find him to collect taxes. But it also means your contractor has done the paperwork and is playing by the rules not some fraud person who just wants to leave you dry.

 

A Physical Address

Legitimacy is also shown if the contractor is able to provide a valid address. Should you need to track down your contractor after work has begun, you won't find him or her at a P.O. Box. Ask to drop off the deposit at the physical location listed on the contract.

 

Insurance

Injuries are inevitable in a construction site. Check with your locality if for the proper amount of liability insurance or if your contractor is an employee, you may ask his company whether he carries compensation insurance. If the location is your home and your contractor does not have the proper insurance, you may be held liable.

 

The Details

There are many details to get right in a renovation, so write everything down before work begins and constantly review. This can be the best way to get everyone on the same page. If your designer has drawn up detailed plans, make sure the contract references the designer and the date on the plans so you have something to point to should the finish on your woodwork be different from what you requested. The scope and duration of work is important to put into details as well.

 

Exclusions

A good contract should include a list of exclusions to be transparent to his client. These might be related to areas that will not be visible until the walls are opened up after demolition, or the level of cleaning you should expect after the work is complete. Also, talk to your contractor about the likelihood of finding asbestos behind the walls. He won't be able to say for sure, but he can speak from experience and help you plan your contingency budget.

 

To learn more, you can follow this link: http://www.quora.com/Reviews-of-Axis-Capital-Group-Now-in-Jakarta

 

 

Source: urszulak0ws.jigsy.com/entries/equipment/things-that-needs-to-be-considered-with-a-constructor
Like Reblog Comment
text 2015-02-20 07:59
Construction Equipment Review: Construction Industry Goes Green

In the turn of the 21st century, the issue on environmental awareness has evolved. The challenge on how to defeat environmental concerns such as climate change, depletion of resources, pollution and many others have hit hard on everyone even on the construction industry. Nowadays, project managers, engineers and people in the industry have thought of ways to incorporate their business into various environmental campaigns.

 

Buildings put a tremendous strain in the environment, being responsible for a significant share in pollution and other related issues and concerns that may affect our environment. Continuing the advocacy for healthier world poses great challenge to many construction agencies and businesses but it does not hinder their cause. They have built their equipment in response to the demands of Mother Nature. Their environmental friendly designs include:

 

 

Cleaner Equipment

Hitachi Construction Machinery introduced the ZW series equipped with clean but powerful engine to comply with Tier 3 and stage III A. Engine emission regulations effective in the U.S. EPA and European Union from 2006. Exhaust gas is partly re-combusted to reduce particulate matter (PM) output and lower nitrogen oxide (NOx) levels.

 

John Deere's new fixed chamber baler, on the other hand, is a great example of Deere's efforts to progressively lower the environmental impacts of its products. Deigned to reduce its impact on the field and more efficiently use resources, the baler delivers up to 24% better fuel efficiency is significantly faster than previous designs due to rotor feeder design.

 

 

Recyclable Machine

With a recycling-oriented society in mind, Isuzu upholds 4R practices throughout product-life cycles, as Isuzu increases recycling rates and reduces our environmental impacts. Recycled materials made from resin bumpers collected from end-of-life vehicles were used for four kinds of interior components including a console box. It became possible to use over 40% of bumpers from end-of-life vehicles by using new technology. Isuzu will be proactively committed to expanding use of some parts made from recycled materials.

 

For Hitachi, approximately 95 % of the ZW Series can be recycled. The resin parts are marked to facilitate recycling. The machine is completely lead-free. The radiator and oil cooler are made from aluminum and all wires are lead-less. In addition, bio-degradable hydraulic oil is available for jobsites where special environmental care is required.

 

 

Quieter Machine

Volvo Equipment also has its own share of low-emission level equipment. Their crawler excavator’s high breakout and crowding force is supported by an advanced hydraulic system that enables smooth, responsive digging and lifting.

 

Some people think that going green can be costly or difficult venture, especially in the construction industry but somehow, someone proved it to be possible. Construction companies like Axis Capital Group based in Singapore, are striving to pursue its eco-friendly campaigns, introducing only legit equipment and strengthening campaigns against fraud and scam that can further harm resources. Capital construction cities in Asia like Jakarta in Indonesia, Kuala Lumpur in Malaysia and Hong Kong continue to research and venture into more possibilities of further merging industrialization and nature.

Like Reblog Comment
text 2015-02-03 08:59
Jakarta, Indonesia Shows Fast Growth in Construction Industry
INDONESIA- A Developing Nation

India and China were reported to be the leading countries in Asia in the construction industry for the last decade and were the only ones who can compete in the global market. However, Indonesia, one of the archipelagoes in the Asia-pacific region, had accelerated fast in the industry and had been acknowledged by analysts and marketers around the world.

South East Asian countries have developed throughout the years and Indonesia is no exception. Infrastructure industry is attracting investors all over the world due to the creation of housings, buildings, transportation facilities and commercial establishments in the country. Despite of economic fluctuations, political instability and riot within Indonesia, the country has managed to maintain and increase its infrastructure economy. This is largely due to the country’s resources and manpower. The number of contractors classified as large rose from 695 to 1,742 between 2008 and 2013, while the number of medium-sized firms increased from around 10,000 to 21,000, and small-sized firms expanded in number from over 100,000 to 160,000. In 2014, the construction Industry contributes 13% of the country’s Gross Domestic Product (GDP). Heavy equipment such as cranes, tractors, bulldozers, concrete pumps, excavators, etc. are available with various brand selection in various construction companies.

Construction Equipment Rentals

The revenues of construction equipment market in Jakarta, Indonesia have grown at a healthy CAGR of 12.5%. Urbanization and commercialization have encouraged the development of construction projects which propelled the use of needed equipment. Analysts forecast the Construction Equipment market in Indonesia to grow at a CAGR of 10% over the period of 2014 to 2018.

There are organizations in the country which prefer to use their own construction equipment but several SMEs find it difficult to buy and maintain these construction materials because of its high cost and can only be used one-time. In addition, because of the growing construction industry, competition among the owners grows fiercer and they are forced to innovate and add value-added services. As a solution to this, some construction materials vendors start to lease their equipment. Hence, some construction equipment vendors have started offering equipment such as excavators, wheel loaders, motor graders, crawler cranes, truck cranes, and truck mounted cranes on a rental basis. This construction equipment rental in the country allows cost-driven organizations in developing countries to opt for the latest technology construction equipment at minimal cost, thereby improving their operational productivity. Thus, the option of renting construction equipment encourages customers to use a wide range of construction equipment.

About Axis Capital Group

Axis Capital Group specializes in construction equipment rental and sales from cranes to excavators and related heavy construction equipment throughout Southeast Asia. The company is a multi-line dealership that is committed in assisting you in finding the products that will meet your job requirements.


Reference:
http://axiscapitalgrp.com/blog/
Like Reblog Comment
text 2015-01-12 08:05
Construction Industry Activity, Optimism Rise in 2014: Will it continue in 2015?

 

 

John Crum discusses Wells Fargo Equipment Finance’s Second-Half 2014 Construction Executive Survey, which reveals broad-based increases in construction activity compared to a year ago. More executives said they are seeing “somewhat higher” or “much higher” construction activity than at any time during the past five years.

                     

Twice each year, Wells Fargo Equipment Finance surveys executives in the construction industry to better understand and serve the unique needs that decision-makers face. In our Second-Half 2014 Construction Executive Survey we found more evidence that the construction industry has much to be optimistic about. Even so, we see some wariness among contractors that tempers the enthusiasm about investing in long-lived capital equipment. The general optimism and other positive indicators lead us to expect another solid year for the U.S. construction equipment market in 2015 with a continuation of the trend toward equipment rental.

 

Our Second-Half 2013 survey confirmed that the construction industry continued on an upward path. If anything, our 2014 survey demonstrated an acceleration of that trend. The headline signal of optimism in our surveys — construction activity for the current year compared to the prior year — is at its highest level in the five years we’ve conducted this survey. Fewer executives see a contraction of activity than in the previous year, and the jump in the number of executives who see “much higher” activity levels is encouraging. About seven in 10 respondents (70.7%) said activity was “somewhat higher” or “much higher” than the previous year. In 2013, that percentage was 57.7%, and in 2012 it was 47.8%. In addition, only 9.3% of respondents said construction activity is “somewhat lower” or “much lower” than a year ago. In 2013, that percentage was 15.5% and 18.4% in 2012. Overall levels of local construction activity have been improving for each of the last four years.

 

Housing Builds Slowly

 

Residential construction continues to make modest improvements. In spite of seasonal variations and some month-to-month volatility, we continue to see good year-over-year comparisons. And the forecast for housing — more multi-family than residential — demonstrates some optimism that a growing economy will need to accommodate a continued expansion in residential living space. In the most recent U.S. Census report on construction spending we see consistent year-over-year growth in residential construction. We expect housing to continue growing modestly in 2015 and 2016, which should prompt additional equipment acquisition. 

 

Employment Prospects Improving

The mood about hiring new employees in the construction industry has definitely improved compared to two years ago, although our survey didn’t find a great deal of difference compared to 2013. Within six months of taking our survey in August 2014, 56.4% of executives said they expected to hire “a few” or “many” new employees. In 2013, that number was 60.4%. However, in 2012 only 41% of executives said they expected to make significant moves to hire new employees. We are encouraged by the fact that only 2.3% of executives said they “will have to reduce” their workforce within the next six months.

 

Federal data continue to show steady improvements in hiring generally and for the construction industry specifically. The unemployment rate now sits below 6% and the U.S. economy has shown an ability to generate significant numbers of jobs over the last six quarters. Through September, the construction industry has added 230,000 jobs so far this year.

 

More Equipment Rental and Higher Rental Rates

 

The resurgence of the equipment rental industry over the last few years continues to be one of the most memorable hallmarks of this construction cycle. In what contractors have deemed to be a relatively uncertain construction environment in the years since the recession, they have become more frequent renters of heavy equipment than in prior years.

 

We see a marked increase in equipment rental rates in 2014 compared to 2013, which begs the question of whether rates are starting to catch up with the steadily increasing demand for equipment. We’ve found some regional variation in the trend but believe the tendency towards higher rental rates is firm. For example, in one visit to an equipment distributor we found that renting was almost as economical as buying on a monthly cash outflow basis. In other areas of the country, anecdotal evidence confirms that the rise in rental rates is giving some contractors reason to consider more equipment purchases so they can save on monthly payments.

 

In our 2013 survey, 44.6% of respondents saw “somewhat higher” or “much higher” rental rates compared to the year before. This year, 58.7% said they see rental rate increases compared to 2013 — easily the highest percentage since we’ve surveyed on that question. About four in 10 respondents (38.6%) said equipment rental rates were “about the same” as the year prior — the lowest in the last four years. Similar to recent past years, very few respondents are reporting declines in rental rates compared to the prior year. Distributors said they are renting out more equipment to end users in 2014 than is typical. Almost two-thirds (64%) said they are renting out “somewhat more” or “much more” than they usually do, compared to 47.1% in 2013 and 47.8% in 2012. Only 6% in 2014 said they are renting out less equipment than they usually do, compared with 17.9% in 2013.

 

Contractors Hesitant About Rental Conversions

 

At least in the near term, we believe distributors may not be able to count on contractors buying the equipment they have been renting. Industry executives acknowledge the ongoing increase in construction activity and we see signs of overall economic improvement, but contractors appear uncommitted about making long-term investments in heavy yellow iron. About six in 10 contractors (61.3%) said they planned to purchase less than 25% of the equipment they are currently renting. About one in five contractors (20.4%) said they are uncertain what percentage of equipment they will change over from a rental to an owned asset. We attribute this to a general wariness about the sustainability of economic growth over a sufficiently long period of time to support an investment in heavy equipment.

 

How to Finance the Highway Trust Fund

 

One topic of interest with contractors and dealers is federal funding for infrastructure projects. We surveyed executives to better understand their views about long-term funding options and how multi-year funding legislation might influence confidence about the industry. Although Wells Fargo takes no official position on these legislative matters, we do watch them closely to better understand the competitive landscape and gauge confidence for long-term trends. We found that almost nine in 10 (87.2%) construction industry executives anticipate a highly positive effect from a multi-year solution for the federal Highway Trust Fund. When presented with an array of funding options, the executives who expressed an opinion overwhelmingly favored use-based solutions. Each of the top three choices — gas tax (60.2%), mileage driven (19.9%) and toll-ways (13.4%) — place the burden of paying for infrastructure resources on those who use those resources.

 

New Equipment Emission Standards

 

As more Tier IV equipment makes its way into the marketplace we also wanted to better understand what executives are experiencing with respect to performance and price. More than three-fourths (76.9%) of construction executives said that the new Tier IV equipment is performing as well as or better than previous generations of equipment. This is welcome news because contractors also agreed that the price point for this new equipment is much higher than what had been anticipated. Our conversations with contractors and dealers show a 10% to 12% price increase compared to equipment of previous generations.

 

Conclusion

 

When looking at where the construction industry has come since 2010 and 2011, we are impressed by the remarkable improvement in the levels of construction activity and other measures of industry health. Companies appear more willing to commit to hiring new employees, they report greater levels of construction activity and there has been a general increase in construction equipment use whether through purchase or rental. Interestingly, the potential hazards to domestic growth that we feared in previous years seem much less threatening as we close out 2014. As shown by the second quarter and third quarter GDP reports, the underlying fundamentals of the U.S. economy have been firming up and all indications are that it will continue to grow through 2015 and 2016. All of these factors bode well for the construction equipment industry and lead us to believe that there will be strong opportunities in the construction market for the year ahead.

 

John Crum has worked in the construction equipment finance industry for the past 20 years, holding a variety of positions in sales and credit management. He joined Wells Fargo Equipment Finance in May 2006 and currently serves as national sales manager of its Construction Group, overseeing originations activities in the U.S. and Canada.

Source: axiscapitalgrp.com/blog/construction-industry-activity-optimism-rise-2014-will-continue-2015
More posts
Your Dashboard view:
Need help?