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A Comprehensive Guide About Pull Planning in Construction

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A Comprehensive Guide About Pull Planning in Construction

Apart from being risky and unpredictable, construction is a very innovative industry. It is always ready to change and improve the approaches, strategies, and working practices if they do not fit the desired outcome. Pull planning is a relatively new concept in the construction industry. The phenomenon of innovation is more common in developed countries such as the United Arab Emirates, as compared to under developing countries which do not have enough resources.

What is Pull Planning in Construction?

Most of the contractors and construction project owners are only aware of the critical path scheduling method, which gives control of planning in the hand of one person. On the other hand, pull planning is also a scheduling technique that stresses involving everyone in the planning phase and efficiently completing the project.

Benefits of Pull Planning

One defining feature of the pull planning method is the reverse order working, which stresses the perfect completion of the previous task before starting the new. This method offers a variety of benefits for all the involved parties. Some of them are the following:

  • Improved collaboration
  • Flawless communication at all levels
  • Optimize work processes
  • Boosts efficiency
  • Ensures transparency

Keep scrolling down this article to learn a comprehensive guide about pull planning in the construction industry.

Top 8 Steps to Ace Pull Planning in Your Construction Projects

Pull planning is usually designed by writing the project outlines by hand and adding sticky notes about feedback and recommendations. The practice makes it much easier for all the involved parties and people to share their opinion. The opinions are then also reviewed and considered. 

Here are some important steps for you to ace the pull planning method in your construction projects.

1). Bring Everyone on Board

The very step of pull planning in construction is bringing everyone on the board. Ensuring the involvement of every single individual is crucial to make the process successful. Some important parties that you need to get on board are:

  • Project manager
  • Design leader
  • Scheduler
  • Quality assurance supervisor
  • Leaders of all involved traders
  • Foreman
  • Owners’ representative

Most construction parties also acquire the service of construction claims consultant in UAE and bring them on board to readily tackle claim related issues which can emerge at any stage of the project.

2). Set and Follow the Milestones

The second step in the process is setting and following the project milestones. Setting the milestones is crucial to develop the outline and fix a reminder about all the necessary tasks and activities. The more important thing after that is strictly following the milestones to complete the activities according to the plan.

3). Set Schedules and Durations

Once you have set the milestones, you need to set the schedule and duration of all the major and minors activities included in the milestone. Without setting the project’s schedule and duration, you are likely to not keep up with the pace. It will lead the project to delays and other related issues. So, set and follow the schedule.

4). Develop Weekly Plans

Developing weekly plans is one of the most important steps of the pull planning method in construction projects. It helps the involved parties to divide the overall work into little chunks of weeks. In this way, it is not only easier to carry on the progress but also review it without putting any extra effort.

5). Organize Daily and Weekly Meetings

One of the key steps of the pull planning method is organizing daily and weekly meetings. The daily meetings help the involved people review the activities of the previous day and plan for the current day. On the other hand, the weekly meetings are meant to look over the bigger aspects and monitor the overall progress of the project.

6). Review Project Activities

Another crucial step of this relatively unique concept is reviewing the project activities. The meetings may not be enough for this, as you need to visit the site and check the progress of individual activities. This step requires paying attention to all the major and minor aspects before declaring the activity as complete.

7). Update the Plans

After conducting daily, weekly meetings and review the project activities, the next step that follows is updating the plan. If you have accounted for any issue in the activities or plans, it is only right to modify it. Daily meetings and reviewing help the authorities uncover the issues in initial stages and fix them without delay.

8). Track the Progress

The last step of the pull planning process is to track the progress. Without tracking it, you will not be able to complete the project on time. If you are tangled in claim issues, do not waste your time on argumentation. You can hire the service of construction claim consultants to resolve the issue with the best of their knowledge, skills, and legal procedures. You can ensure to deliver the project on time.

Follow pull planning to boost construction productivity!

The pull planning method ultimately boosts the productivity of the project. It ensures all the activities are receiving due attention and care, which ensures their timely completion. However, issues can arise unannounced, so it is always better to include the experts in your project to identify and resolve the issues as soon as they occur.

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Real Estate

Some of The Famous Types of Commercial Real Estate Investments

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Commercial Real Estate Investments

Investing in commercial real estate is some of the best investments of modern times. Here we shall explain some famous commercial investment types and guide you on which one is best for you.

What Is the Best Commercial Real Estate Investment? Expert Opinion

Properties are the best investment because it pays you back in both the conditions whether you rent it out or use it as a resident or an office. Similarly, the best investment in commercial property for sale includes apartments, office buildings, student hostels, and storage facilities. 

When you buy a property in a good location, its cost and value will increase rapidly. 

What are the three types of real estate?

The three types of real estate include;

  • Commercial real estate: which include shopping malls, educational complexes, hostels, medical complexes. Simply a place where a business is settled is called commercial real estate.
  • Residential real estate: it includes the houses for resale and newly constructed houses,
  • Industrial real estate: it includes all the building which are used for business activities. For example, manufacturing and production, warehouse and assembly, and distribution and research service-related users. 

How do your buy your first commercial property?

Before you buy a commercial property for sale, you need to be aware of certain things beforehand, such as why you are going to invest in the commercial property. Then, you need to evaluate the budget and resources to find the best possible location for the property you are going to purchase. 

Moreover, it would help if you considered different types of commercial properties to find the best one for you. Finally, to make things finalize, make a reasonable deal and lock it.

Is a commercial building an example of real estate?

From a general storefront to the high esteem shopping complexes, every building where business activity is being performed is related to commercial real estate. 

Further, the medical parks, the offices, the shops in the bazaars, hotels, and restaurants, everything included in an example of commercial real estate.

Is it worth buying commercial property?

Commercial properties provide you more revenue generation as compared to residential properties. Moreover, it gives regular income opportunities, and the commercial buildings tend to remain on high rental rates comparatively. 

But on the other side, the residential properties cost fewer taxes, and you have to pay slightly high taxes on commercial properties.

 How much money do you need to buy commercial property?

It is evident for all and sundry that the location is everything in buying a property. In simple words, we can say that a property located in a posh area will cost higher than that found in some rural areas. 

Pakistan is divided into several regions and rural and urban areas by and large. The rates are according to the importance of the land we need to buy. 

When you select a property, you have to pay about 20% to 30% in down payment, and the rest of the money remains due till the registry of the property.

Is there more money in commercial or residential real estate?

Commercial property has more revenue generation chances as compared to residential ones. Similarly, the tenets in the commercial property are minor troublemakers due to the reputation of the business. 

Moreover, the property’s value will also increase rapidly due to the interest of the population in the business sector investment. The value of the land and the rent rates will again multiply over time.

Is a restaurant a commercial building?

A commercial building’s primary definition is where at least 50% of the floor is being used for commercial activities. According to this notion, hotels and restaurants are also fall in the retail business sector.

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Real Estate

Top Problems a Buyer Faces When Looking for a Commercial Property

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Looking for a Commercial Property

To find a suitable property is always a hectic thing among the many others. Here in this article, we shall elaborate on some problems you may face when looking for a property and how to overcome them.

What Should You Look at When Buying a Commercial Property?

Buying a commercial property for investment has always been a point of attraction for investors for multiple reasons. On the other hand, buying the right property is also an uphill task due to the lack of detailed data and concise information a person needs when looking for commercial property for sale

Before making a deal, the main thing you need to know is to visit the site personally to judge the availability of the basic needs at the spot. In this regard, the location is the most important thing because it can make or mar the property’s value. 

Also, suppose you are very keen on the other stuff, including traveling facilities, educational complexes, grocery stores, and paved roads and streets. In that case, you are on the right path.

What Is the Biggest Challenge in the Real Estate Industry?

The real estate industry has emerged among the most invested businesses over time. Similarly, the growing trends also created challenges for the investors and the agents in the industry. Environmental changes have impacted negatively and positively in every field of life. 

Likewise, it struggles with other challenges like mortgage rates, volatile markets, and the latest technology.

What Questions Should You Ask When Buying Commercial Property?

 The list of the questions you should ask is twofold. On one side, you should ask some questions from yourself and on the others from the estate agent. First of all, should know that why you are going to buy the particular property. In this way, you will easy to conclude in a broad spectrum. 

Knowing this, you will understand that what good or bad that property will bring for you in the future. On the contrary, you need to know some critical information about the documentation and the other legal issues which that piece of land may have.

What Is a Good Return on Commercial Property?

Commercial properties payback the handsome return as compared to residential properties. Moreover, the commercial land increases the value over time. The annual return remains about 7% to 13% of the property’s overall weight, which is quite good compared to the other type of stuff.

How Do You Buy Your First Commercial Property?

Before you buy a property, you need to know about the targets and the motivation you will invest. Once the targets are set, it will become easy to invest in a suitable place according to the predefined budget. Moreover, suppose you are looking for commercial property for sale

In that case, you should be very careful about the real estate agent you will hire. The best agent will help you make the best deal. Finally, you need to identify the potential of the property to gauge the value in the future.

How Do You Negotiate a Commercial Property Purchase?

Negotiation is an art. You need to be very vigilant when you make a deal beforehand. First of all, you should show a cold shoulder to the agent and act like you are not interested in the property.

 Be at the place of your counterparty and think according to his frame of reference. Finally, make a deal and close it.

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Real Estate

The Best Neighborhoods in Chicago to Live in This Year

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Neighborhoods in Chicago

Millennials are increasingly reaching the stage of homeownership now more than ever amidst a growing rate of unemployment.

How far does a dream of owning a home feel for you?

For those wanting the fenced yards and multi-room homes, neighborhoods in Chicago continue to be a way to make that dream come true. Chicago’s median home value is around $250,000, making it an affordable and cultural space to settle down.

Affordable, safe neighborhoods in Chicago are growing in popularity, and they may be the place you are looking for to raise your family. Read below to find the five best Chicago suburbs to call home. 

South Shore

South Shore is one of the unbeatable neighborhoods in Chicago for those seeking culture, authentic charm, and affordable homes. As a real estate organization, URB says, Chicago is a melting pot of American cultures and stories. Much of that comes to life in South Shore.

You also can’t beat the city skyline views and shore parks perfect for summer swims!

The neighborhood grew in popularity when the Obama’s selected it for the Obama Presidential Center. The buzz continues to attract homeowners today. South Shore welcomes those who want the beauty of outdoor spaces, an eclectic mix of home styles, and a lot of cultural programming. 

Beverly

Do you want the expansive single-family home and a large lawn for your pets and children to play? Beverly is the Chicago neighborhood for those wanting the traditional suburban feel far outside the city center.

Families make up most of Beverly’s population, creating a tight-knit community. Historic homes, schools, and new builds mean there is plenty of room for families looking to settle down in a middle-range priced home. 

Bronzeville

Quick access to major highways makes Bronzeville a great destination for homeowners who want quick access to big city locations. The neighborhood has been growing for years, yet prices remain low, with plenty of lots for new families to take over.

The mix of new builds and historic locations adds an interesting residential feel to every street. Bronzeville is also known for house flipping, increasing the value throughout the neighborhood.

Kenwood

Kenwood is one of the perfect neighborhoods in Chicago for those who want the quality and quaintness of Hyde Park but at reasonable prices. The area welcomes those who want a comfortable home, updated condo, or mansion.

Homeowners will not find many shopping, dining, or city experiences in Kenwood. But for those seeking a residential area to call home, Kenwood is an up-and-coming option.

Printers Row

For historic charm, look no further than the Printers Row neighborhood located south of Chicago’s downtown area. This smaller, pocket area of the big city may lack single-family homes. Yet buyers looking to secure a historical condo or industrial-chic loft will be overwhelmed with choices.

Tree-lined sidewalks line the Printers Row streets and add a charming, small family feeling to Chicago’s city hustle. The neighborhood attracts young families and first-time homeowners who want the downtown vibes but not the high price. 

Start Looking at Neighborhoods in Chicago

The neighborhoods in Chicago above have a cultural significance that makes them a hot destination for homeowners. The big city may be the perfect fit for those wanting an affordable home that is steeped in community and history.

Need other real estate and or lifestyle advice? Check out our full suite of blogs to help you make your next big move.

Read Also : What to Expect During the Process of Selling a House?

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