Podcast Beta
Questions and Answers
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.
construction
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.
Signup and view all the answers
Equity ______ comes from private or public investors who typically purchase shares in the company.
Signup and view all the answers
PFRS 15 supersedes PAS 18 ______ and PAS 11 Construction Contracts;
Signup and view all the answers
The ______ construction industry is expected to continue its growth recovery as the pandemic-related restrictions are eased.
Signup and view all the answers
The most prominent impacts of Covid-19 in construction industry included the ______ of infrastructure projects.
Signup and view all the answers
Government have suspended ______ operation and project delayed in the safety measures that contractors must strictly follow specific guidelines.
Signup and view all the answers
The construction industry recovers from the impacts of the Covid-19 ______.
Signup and view all the answers
Health protocols ensure project compliance with DOLE Interim Guidelines on Workplace Prevention and Control of ______.
Signup and view all the answers
The Filipino government is prioritizing the implementation of the ______ Program to stimulate the economy and provide employment opportunities.
Signup and view all the answers
The ______ construction sector includes project types such as multi-family housing projects and single-family housing projects.
Signup and view all the answers
The ______ construction sector includes project types such as rail infrastructure, road infrastructure, and other infrastructure projects.
Signup and view all the answers
The ______ construction sector includes project types such as electricity & power, oil & gas, telecommunications, sewage infrastructure, and water infrastructure.
Signup and view all the answers
Real estate properties used for housing, both land and buildings, are classified as ______ real estate.
Signup and view all the answers
Properties used exclusively for business-related purposes or to provide a work space are classified as ______ real estate.
Signup and view all the answers
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
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of real estate industry practices, including cost control, project management, and financial concepts. This quiz covers the Maceda Law, capital types, and working capital in the context of construction.
