Car parking project

7/28/2019 Car parking project

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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.

Documents

Car parking project