ELALAN Construction Company Nigeria Ltd.’s Post

Heavy construction is a dedicated product sector at the Big 5 Construct Nigeria.  Nigeria's rapidly evolving construction sector, marked by an extensive increase in new roads and infrastructure development, demands a significant requirement of heavy construction equipment to meet its growth targets. Exhibit at #Big5Nigeria to present your heavy construction products and services to key players in Nigeria's expanding construction sector: https://bit.ly/3U7VRN5 

LAGOS CONSTRUCTION UPDATE : LEKKI-EPE EXPRESSWAY ROAD CONSTRUCTION Update (Phase 2) | LAGOS NIGERIA For Inquiries ☎ and Whatsapp:: +2348164741041 (Chat and Call) ☎ and Whatsapp: +2348028667565 #apmenestatephase1 , #amenestatephase2 , #amenestatephase3extension , #propertyinvestment , #investment , #investors , #development , #developers,#trending

Unlocking Africa's Construction Potential: The Future is Now! Over the past five years, Africa has emerged as a significant player in the global construction industry. Nigeria, in particular, has seen a remarkable acceleration in construction activity over the last decade. Sub-Saharan Africa boasts the fastest-growing construction industry among all major regions, with an impressive compound annual growth rate (CAGR) of 6.6% projected over the next five years. Africa's construction market presents massive investment opportunities in energy, infrastructure, and a burgeoning consumer market. Additionally, the region offers affordable labor, making it an attractive destination for global investors. 🔑 Top Recent Projects in Africa: 1. Konza Technology City (Nairobi, Kenya) - A $14 billion investment by the Kenyan government to create a cutting-edge technology hub just south of Nairobi. 2. Maputo-Katembe Bridge (Mozambique) - Africa’s longest suspension bridge, costing $750 million, significantly reducing travel time between Mozambique and South Africa. 3. Grand Inga Dam (DR Congo) - A proposed $100 billion hydroelectric dam at Inga Falls, poised to power the continent. 4. Dangote Oil Refinery (Lagos, Nigeria) - Set to be one of the world's largest refineries with a capacity of 650,000 barrels per day, costing between $12 billion and $14 billion. 5. Bagamoyo Port (Tanzania) - An $11 billion mega port under construction, set to transform Tanzania into a regional economic powerhouse. As SCA-Partner Company, we are proud to support Africa's growth by providing top-tier European construction machinery and equipment. Our offerings include: - Dozers - Excavators - Graders - Concrete Mixers - Asphalt Pavers - Tower Cranes - Road Rollers - Concrete Brick Making Machines - PVC and PPRC Pipes and Fittings - Ceramic Tiles - Basin Mixers and Shower Sets - Solar Water Heaters - Marble - Furniture - PVC Doors and Windows Join us in building a brighter future for Africa, one project at a time. #Construction #AfricaRising #Infrastructure #InvestmentOpportunities #SustainableGrowth #Engineering #SCACompany #BuildingTheFuture #GlobalDevelopment #InnovationInConstruction

In Nigeria, we are now at a phase of dwindling economic resources and with the price of Cement at almost #10,000, the price of Sandcrete Block at almost #1000/1 and the prices of other building materials hitting the roof.. As a Potential Homeowner, Developer and Investor, Your first priority and consideration when going into your next building project should be to: Get a qualified team of professionals whose ultimate goal goes beyond giving only value but stretches into delivering the best and maximum value for Money invested. HS First Africa Companies Ltd is set to give clients the maximum value for each Naira invested. How we intend to achieve this: i. We engage well trained, qualified and certified artisans for all our projects. ii. We deploy the most efficient and effective methods of construction to eliminate wastages. iii. We use advanced engineering skills, follow standard practice and deploy responsible procurement strategy on all our projects. iv. Our monitoring, supervision and evaluation teams deliver top notch quality on all our engineering works. #eliminatewasteges #effectivecostreduction #timelymanagement #maximumvalueformoney

construction project in Accra, Nungua, Ledzorkuku municipality, Ghana

The massive rise in value of foreign exchange rate in Nigeria have a serious negative impact on the performance of construction projects because most construction project will face massive increase in cost due to rise in Basic prices of imported building materials.

Heading: Positive Outlook for Q3: Construction Business in Nigeria! As Q3 unfolds, our construction business in Nigeria is poised for: Increased Projects: Anticipating more construction projects kicking off across the country. Market Expansion: Opportunities to expand into new regions or sectors within Nigeria's construction industry. Adaptability: Embracing new technologies and methods to enhance project efficiency and quality. Optimism: Feeling optimistic about the growth potential despite challenges. Q3 looks promising for our construction business in Nigeria. We're excited about the opportunities ahead! Share your thoughts on what you're looking forward to in Q3 for our business. #ConstructionIndustry #NigeriaConstruction #InfrastructureProjects #BusinessExpansion #ProjectManagement #ConstructionTechnology #Q3Outlook #MarketGrowth #Adaptability #BusinessOptimism

PROJECT MANAGERS YOU NEED TO LISTEN TO THIS I had a conversation with someone some time ago who happened to be a developer with an education background in estate valuation. We started discussing the cost of building materials and their effect on the quality of work around Nigeria. I mentioned a particular project I let go of because the client wanted to pay too little. To my astonishment, this guy said he hasn't let go of any projects for the past three years. He said the amount of money you have will determine the quality you get. He mentioned 10 major things he would remove from the foundation. He talked about reducing the foundation concrete from 200mm to 100mm. He talked about not taking all the foundation walls from the foundation. He said he would reduce the oversite concrete, commonly called the German floor, to 75mm. He talked about reducing all the internal walls to 150mm and removing the roof beam entirely. He said nothing like reinforced column and the lintel will be short form. I can't go ahead and write all the remaining points here because I was dumbfounded. I couldn't comprehend this. Some of the items he mentioned cutting out are my core values. I normally dig every wall from the foundation and do my casting with a minimum of 200mm. I fill my foundation block holes with weak concrete to strengthen them, and my oversite concrete is a minimum of 100mm to 150mm. Some of us let certain projects go because we can't compromise our core values and standards. I want to inform some clients that getting it cheaper does not mean you are getting the same value. Many contractors can compromise standards and only work with what you agree to pay. So next time you rejoice that you got it cheaper, check to see if they didn't reduce the 10 core elements from your project. Some contractors with an engineering background can't compromise on core standards and may not be able to take on certain projects. Before you brag about getting it cheaper, check if you are getting the same value. Be prepared to pay more to get better value. #repost #WOli #WOlithegreatbuilder #ConstructionEngineer

𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐏𝐫𝐞-𝐜𝐚𝐬𝐭 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐔𝐩𝐝𝐚𝐭𝐞𝐝 𝐏𝐃𝐅 𝟐𝟎𝟐𝟒) 📚 𝐋𝐚𝐬𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐝𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://lnkd.in/dVyEnTAm The #Pre_cast_Construction_Market has witnessed substantial growth owing to its efficiency, cost-effectiveness, and sustainability compared to traditional construction methods. Pre-cast construction involves manufacturing structural components off-site, then transporting and assembling them at the construction site. This method reduces construction time, minimizes waste, and enhances project predictability. Key drivers include urbanization, infrastructure development, and the demand for rapid construction solutions across residential, commercial, and industrial sectors. The pre-cast construction market is driven by increasing urbanization and infrastructure projects worldwide. Factors such as labor shortages, cost efficiency, and sustainability benefits further propel market growth. Additionally, stringent building regulations regarding safety and environmental concerns favor pre-cast methods. However, challenges such as transportation logistics and high initial setup costs hinder widespread adoption. Top Companies in Pre-cast Construction Market: Julius Berger Nigeria PLC, Cemex S.A.B. De C.V., Coreslab Ltd., Atco Group, CRH PLC, Taisei Corporation, Laing O'rourke, Balfour Beatty PLC, Red Sea Housing Services, Skanska Ab, Bouygues Construction, Vinci, Larsen & Toubro Limited, Kiewit Corporation 𝐃𝐨𝐧'𝐭 𝐦𝐢𝐬𝐬 𝐨𝐮𝐭 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐥 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐬𝐞𝐜𝐮𝐫𝐞 𝐚 𝐜𝐨𝐦𝐩𝐥𝐢𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐏𝐃𝐅 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://lnkd.in/dVyEnTAm #precastconstruction #buildinginnovation #prefabhomes #constructiontechnology #modularbuilding #sustainableconstruction #efficientbuilding #greenbuilding #futureofconstruction #prefabdesign #modularhousing #smartconstruction #constructiontrends #vantagemarketresearch

Crane-burg Limited is a construction firm that specializes in the construction of residential buildings in Lagos. Due to some challenges in the firm cash flow, the management decided to offset a credit facility of N30,000,000 with a land used for block production purpose with a book value of 20,000,000 and a fair value amount of 15,000,000 in full settlement of the credit facility. 1. What are the journal entries to be passed? 2. Is there a gain/loss on the transaction? 3. What is the gain/loss on the transaction? Who wants to attempt this?