Yechte Consulting finalises modelisation for a concept town planning proposal in Scandinavia.
The ability to centralize capital project information in a cloud-based management system can be a huge benefit in the form of cost and time savings. Such technology platforms can provide a crucial advantage by allowing project teams to devote more time, energy, and focus to the task at hand.
ADAMS Management Services, www.adamspmc.com, Rome, Ga., is a program-management firm with expertise in facility planning, design, and construction for health-related facilities. The company was looking for a comprehensive software solution that incorporated not only the construction aspect, but project initiation and organization, process management and optimization, budget development and control, cash-flow analysis, and project documentation, among others.
e-Builder’s flagship offering, e-Builder Enterprise, can help owners improve execution on capital projects through cost, document, report, and schedule modules, among others, which combine to provide a centralized solution for managing information.
A key consideration in ADAMS’ technology implementation and adoption, according to Jeff Christmann, COO, ADAMS, was to find a centralized solution providing “one hub to access information.” Christmann says, “(e-Builder’s) Executive Reporting features allow us to pull project status information for complete oversight of our projects and make it easier for us to tailor information to fit our clients’ needs.”
Additionally, cloud-based solutions generally equate to reduced costs and faster deployment time. When it comes to managing project data in an efficient way, Web-based technology solutions can be the answer to increasing project visibility and ultimately, ensuring the end product is a success.
This week, ADAMS announced it has adopted e-Builder, www.e-builder.net, Fort Lauderdale, Fla., a provider of capital project and program-management software, to enhance its consulting services. According to the companies, e-Builder will help ADAMS provide “more efficient project oversight” of its clients’ programs.
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The proportion of architects that are women has dropped from nearly a third to just a fifth in the past three years, making the profession increasingly male dominated.
Since the Royal Institute of British Architects (RIBA) started its Future Trends Survey in January 2009, it has been monitoring employment levels for women architects. When the survey started women made up 28% of architectural staff in practices in the survey. Its latest survey in December 2011 revealed that the figure was just 21%.
RIBA director of practice Adrian Dobson described the exodus of women from the profession during the hard times as a cause for concern. The recession had had a “disproportionate impact” on employment levels for women working in architecture, he said.
Mr Dobson added: “The RIBA remains committed to addressing these inequalities through initiatives including the Architects for Change and Women in Architecture groups.”
The RIBA Future Trends Survey for December 2011 also showed that overall confidence concerning future workloads for architects is getting increasingly fragile.
The RIBA Future Trends Workload Index for December 2011 stands at -11, down from -4 in November 2011.
Practices in London and the southeast of England prove more optimistic about future demand for services, while those in Northern Ireland remain the most pessimistic.
Despite the survey showing confidence remaining delicate, it has also revealed that the actual level of work in progress has stabilised in recent months.
The RIBA Future Trends Staffing Index stands at -5 compared to -4 in November 2011. Practices located in London are more likely to be recruiting staff during the next quarter than those in the rest of the UK.
Mr Dobson added: “Our respondents and practices continue to report intense fee competition, restrictions in bank lending and uncertainty over the general economic outlook as their main challenges.”
Source: The Construction Index
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Yechte Consulting finalises exterior render for a private home in Belgium.
Yechte Consulting, a global provider of AEC and IT digital services, expands in India by opening a new subsidiary in Bangalore. This will help us grow our teams and extend our business offerings for the domestic and international markets.
India will allow foreign nationals to invest directly in the country’s listed companies, in a bid to deepen its under-developed capital markets.
“[We] decided to allow qualified foreign investors to directly invest in the Indian equity market in order to widen the class of investors, attract more foreign funds, and reduce market volatility,” the finance ministry said in a statement. The move, which also allows pension funds and trusts greater freedom to invest directly, was announced over the holiday weekend and will come into into effect on January 15.
Foreigners were previously restricted to investing in India's equity market through mutual funds or other institutional channels.
But India is under pressure to attract overseas capital after a dismal year for its financial markets, with some economists warning of possible balance of payments difficulties in the months ahead .
Foreign institutional investors have turned bearish on India in recent months, scaling back investments as the country’s growth prospects dimmed and the global economic outlook worsened. The Sensex, India’s benchmark equity index, was one of the world’s worst performing markets in 2011, falling 25 per cent. Foreign investor returns were further hit by the rupee’s 16 per cent fall against the dollar last year.
Overseas funds withdrew a net $380m last year compared to record inflows of $29bn in 2010.
Last month the market capitalisation of all stocks listed on the Bombay Stock Exchange, Asia's fourth largest, fell below $1tn, a level the market first attained in May 2007.
“Such simplification in the procedure can help more inflows into Indian markets, definitely giving a boost to the stagnated current situation," said D.K. Aggarwal, an analyst at Delhi-based SMC Investments.
But other analysts are not convinced the initiative will result in an immediate rush of foreign capital to the flagging emerging market. “We are in an established downtrend. There’s no sign of change,” said Heman Kapadia, chief executive at Chart Pundit, a Mumbai-based investment advisory service.
India’s business leaders have urged the government to prioritise large infrastructure projects, as part of a larger effort to restore the country’s status as one of the world’s most promising investment destinations.
In his New Year address, Manmohan Singh, prime minister, told the nation it could not take India’s high economic growth rate for granted and warned of the need to pare back subsidies and implement tax reform.
“I am concerned about fiscal stability in future because our fiscal deficit has worsened in the past three years,” Mr Singh said.
“We have run out of fiscal space and must once again begin the process of fiscal consolidation.”
The Congress party-led government experienced embarrassing setbacks at the end of the year with failed efforts to introduce retail reform and pass anti-corruption legislation.
Source: FT - By James Lamont in New Delhi
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