Podcast
Questions and Answers
The Realty Installment Buyer Act is also known as the ______ Law.
The Realty Installment Buyer Act is also known as the ______ Law.
Maceda
Working capital measures the difference between a ______ company's current assets and current liabilities.
Working capital measures the difference between a ______ company's current assets and current liabilities.
construction
Debt ______ is funding that a construction business acquires by borrowing from banks or other lending institutions.
Debt ______ is funding that a construction business acquires by borrowing from banks or other lending institutions.
capital
Strong ______ management are essential to maximize profit in construction projects.
Strong ______ management are essential to maximize profit in construction projects.
Equity ______ comes from private or public investors who typically purchase shares in the company.
Equity ______ comes from private or public investors who typically purchase shares in the company.
PFRS 15 supersedes PAS 18 ______ and PAS 11 Construction Contracts;
PFRS 15 supersedes PAS 18 ______ and PAS 11 Construction Contracts;
The ______ construction industry is expected to continue its growth recovery as the pandemic-related restrictions are eased.
The ______ construction industry is expected to continue its growth recovery as the pandemic-related restrictions are eased.
The most prominent impacts of Covid-19 in construction industry included the ______ of infrastructure projects.
The most prominent impacts of Covid-19 in construction industry included the ______ of infrastructure projects.
Government have suspended ______ operation and project delayed in the safety measures that contractors must strictly follow specific guidelines.
Government have suspended ______ operation and project delayed in the safety measures that contractors must strictly follow specific guidelines.
The construction industry recovers from the impacts of the Covid-19 ______.
The construction industry recovers from the impacts of the Covid-19 ______.
Health protocols ensure project compliance with DOLE Interim Guidelines on Workplace Prevention and Control of ______.
Health protocols ensure project compliance with DOLE Interim Guidelines on Workplace Prevention and Control of ______.
The Filipino government is prioritizing the implementation of the ______ Program to stimulate the economy and provide employment opportunities.
The Filipino government is prioritizing the implementation of the ______ Program to stimulate the economy and provide employment opportunities.
The ______ construction sector includes project types such as multi-family housing projects and single-family housing projects.
The ______ construction sector includes project types such as multi-family housing projects and single-family housing projects.
The ______ construction sector includes project types such as rail infrastructure, road infrastructure, and other infrastructure projects.
The ______ construction sector includes project types such as rail infrastructure, road infrastructure, and other infrastructure projects.
The ______ construction sector includes project types such as electricity & power, oil & gas, telecommunications, sewage infrastructure, and water infrastructure.
The ______ construction sector includes project types such as electricity & power, oil & gas, telecommunications, sewage infrastructure, and water infrastructure.
Real estate properties used for housing, both land and buildings, are classified as ______ real estate.
Real estate properties used for housing, both land and buildings, are classified as ______ real estate.
Properties used exclusively for business-related purposes or to provide a work space are classified as ______ real estate.
Properties used exclusively for business-related purposes or to provide a work space are classified as ______ real estate.
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Study Notes
Cost Control and Project Management
- Essential to maximize potential in the construction industry
- Necessary for successful project completion
Republic Act (RA) 6552
- Also known as the Maceda Law
- Provides remedies for buyers who default on payment based on the agreed payment schedule
- Protects the rights of buyers in real estate transactions
Types of Capital for Construction
- Working capital: measures the difference between a construction company's current assets and current liabilities
- Debt capital: funding acquired by borrowing from banks or other lending institutions
- Equity capital: funding from private or public investors who purchase shares in the company
Auditing Construction and Real Estate Industry
- PFRS 15 supersedes several standards, including PAS 18, PAS 11, IFRIC 13, IFRIC 15, IFRIC 18, and SIC 31
- Important for Construction and Real Estate Industry auditing
Impact of Covid-19 on Construction Industry
- Suspension and delay of infrastructure projects
- Financial difficulties
- Compliance with Health and Safety Protocols
- Government suspension of construction operations and implementation of safety measures
- Construction safety officials maintain that health protocols ensure project compliance with DOLE Interim Guidelines
Philippine Construction Industry Recovery
- Expected to continue growth recovery as pandemic-related restrictions are eased
- Government prioritizing the implementation of the Build-Build-Build Program to stimulate the economy and provide employment opportunities
Construction Industry
- The process or method of building or making something, especially roads, buildings, bridges, etc.
Philippines Construction Market Segment
- Residential Construction: includes multi-family housing projects and single-family housing projects
- Infrastructure Construction: includes rail infrastructure, road infrastructure, and other infrastructure projects
- Energy & Utilities Construction: includes electricity & power, oil & gas, telecommunications, sewage infrastructure, and water infrastructure
Four Types of Real Estate
- Residential: property used for housing
- Commercial: property used exclusively for business-related purposes
- Land: the baseline for all types of real property
- Industrial: properties related to developing, manufacturing, distributing, storing, researching, or producing goods and products
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