Construction Cost Handbook
Philippines 2012
Davis Langdon & Seah Philippines Inc.
The following handbook of information relating to the
construction industry has been compiled by:
Davis Langdon & Seah Philippines Inc.
Projects featured on Cover Page (from left to right):
4th Floor King’s Court I Building
1. The Lopez Tower and Museum
2129
Pasong Tamo, Makati City
- Henry Sy, Sr. Centennial Hall
2. DLSU
Manila
1231
3. UL Corporate Center
Philippines
Telephone : 811 2971
Fax
: 811 2071
Email
aph@dls.com.ph
Published by: Davis
Langdon & Seah (Philippines)
Website
: www.dlsqs.com
2
© Davis Langdon & Seah Philippines Inc. 2012
All rights reserved. No part of this publication may be
re-produced or copied in any form without prior written
permission from Davis Langdon & Seah (Philippines).
The information
contained herein should be
regarded as indicative and for general guidance
only. Whilst every effort has been made to ensure
accuracy, no responsibility can be accepted for
errors and omissions, however caused.
If advice concerning individual projects is required, we
would be happy to assist.
Unless otherwise stated, costs reflected in this
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handbook
Manila costs in 4th Quarter
TABare
LEanticipated
OF CONTENT
2011.
Pagelike
No.to
Davis Langdon & Seah Philippines Inc. would
acknowledge
the assistance of Jones Lang LaSalle
Index
Leechiu in providing additional data and information
Calendar
6
for this publication.
Vission / Mission Statement
Quality Policy Statement
8
12
1. CONSTRUCTION COST DATA
Construction Costs for Selected Asian Cities
14
International Building Cost Comparison
20
M & E Costs for Selected Asian Cities
24
Construction Costs for Philippines
30
M & E Services Costs for Philippines
32
Construction Cost Specification
34
Major Rates for Selected Asian Cities
36
Retail Prices of Basic Construction Materials
for Philippines
42
Unit Costs for Ancillary Facilities for Philippines
46
M & E Major Plant Costs for Philippines
48
Fit-out Costs for Philippines
50
Kitchen Equipment Cost for Philippines
53
2. GENERAL CONSTRUCTION DATA
Trends in Construction Costs for Philippines
57
3
Construction Value
58
Construction Activity
59
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
4
60
Page No.
62
Estimating Rules of Thumb
3. PROPERTY
64
Progress Payments
Construction Materials Wholesale Price Index
Commercial
Minimum Wage
Residential
Average Earnings Index for Construction
Hotels and Serviced Apartments
66
68
75
70
76
71
77
Retail
78
Industrial
80
4. FINANCIAL
Philippines Key Data
84
Economic Highlights
85
Financial Definitions
86
Financial Formulae
87
Mortgage Repayment Table
88
Consumer Price Index
89
Exchange Rates
90
Currency Charts
92
Prime Rates
96
Manila Reference Rate
97
5. OTHER INFORMATION
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Philippine
Map
CALENDAR
Public Holidays
101
IDD
Codes & Time Differences
JANUARY
FEBRUARY
M
T W T F S Factors
S
Conversion
M
30 31
T
MARCH
W
T
F
S
S
1
2
3
4
5
1
M
T
W
T
F
1
2
& Seah
Professional Services
2 Davis
3 4 5Langdon
6 7 8
6 7 8 9 10 11 12
5 6 7 8
9 10 11 12 13 14 15
Quality System
16 17 18 19 20 21 22
T
F
S
S
2
3
M
T
W
116
118
26 27 28 29 30 31
T
F
S
S
3
4
5
6
M
4
T
5
W
6
T
7
122
F
S
S
1
2
3
8
9 10
125
10 11 12 13 14 15
14 15 16 17 18 19 20
11 12 13 14 15 16 17
17 18 19 20 21 22
21 22 23 24 25 26 27
18 19 20 21 22 23 24
24 25 26 27 28 29
28 29 30 31
25 26 27 28 29 30
T
W
T
AUGUST
F
S
30 31
2
JUNE
4 5 6 7 8
8 9 10 11 12 13
Davis
Langdon &7 Seah
Offices
JULY
M
4
19 20 21 22 23 24 25
International 1Directory
of
30
1 2
2
9
1
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0
2 23
3
114
10 11
20 21 22 23 24 25 26
APRIL
MAY
Management
Development
W
113
S S
12 13 14 15 16 17 18
27 28 29
Environmental Sustainability
T
9
112
13 14 15 16 17 18 19
23 24 25 26 27 28 29
M
3
S
M
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1
4
5
6
7
8
6
7
SEPTEMBER
W
T
F
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S
1
2
3
4
5
8
9 10 11 12
M
3
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4
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5
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6
7
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1
2
8
9
9 10 11 12 13 14 15
13 14 15 16 17 18 19
10 11 12 13 14 15 16
16 17 18 19 20 21 22
20 21 22 23 24 25 26
17 18 19 20 21 22 23
23 24 25 26 27 28 29
27 28 29 30 31
24 25 26 27 28 29 30
OCTOBER
NOVEMBER
M
T
W
T
F
S
S
1
2
3
4
5
6
7
8
9 10 11 12 13 14
M
5
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6
W
7
DECEMBER
T
F
S
S
M
1
2
3
4
31
8
9 10 11
3
T
4
W
5
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6
7
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1
2
8
9
15 16 17 18 19 20 21
12 13 14 15 16 17 18
10 11 12 13 14 15 16
22 23 24 25 26 27 28
19 20 21 22 23 24 25
17 18 19 20 21 22 23
29 30 31
26 27 28 29 30
24 25 26 27 28 29 30
JANUARY
M
7
FEBRUARY
T
W
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F
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1
2
3
4
5
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MARCH
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1
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11 12 13 14 15 16 17
11 12 13 14 15 16 17
21 22 23 24 25 26 27
18 19 20 21 22 23 24
18 19 20 21 22 23 24
28 29 30 31
25 26 27 28
25 26 27 28 29 30 31
APRIL
MAY
M
T
W
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1
2
3
4
5
6
7
8
9 10 11 12 13 14
M
6
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7
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JUNE
W
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1
2
3
4
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M
3
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5
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6
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1
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9
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3 15 16 17 18 19
1 22 23 24 25 26
0 29 30
2 JANUARY
20 21
13 14 15 16 17 18 19
10 11 12 13 14 15 16
27 28
20 21 22 23 24 25 26
17 18 19 20 21 22 23
27 28 29 30 31
24 25 26 27 28 29 30
FEBRUARY
AUGUST
JULY
M
6
13
20
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T W
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19 20 21 22 23
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APRIL
OCTOBER
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AUGUST
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MAY
NOVEMBER
JULY
M
MARCH
SEPTEMBER
5
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26
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1 2
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22 23
20 21 22
29 30
27 28 29
7
5
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28
26
JUNE
DECEMBER
M
T W T F S S
M T W T F S
S
30
1
30 31
1
2 3 4 5 6 7 8
2 3 4 5 6 7 8
9 10 11 12 13 14 15
9 10 11 12 13 14 15
16 17 18 19 20 21 22
16 17 18 19 20 21 22
23 24 25 26 27 28 29
23 24 25 26 27 28 29
SEPTEMBER
S
S
M
T
W
T
F
S
S
1
2
1
2
3
4
5
6
7
8
9
8
9 10 11 12 13 14
14 15 16 17 18 19 20
10 11 12 13 14 15 16
15 16 17 18 19 20 21
21 22 23 24 25 26 27
17 18 19 20 21 22 23
22 23 24 25 26 27 28
28 29 30 31
24 25 26 27 28 29 30
29 30
OCTOBER
M
6
T
7
NOVEMBER
W
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M
1
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DECEMBER
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M
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1
1
2
3
4
5
6
7
8
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9 10 11 12 13 14
13 14 15 16 17 18 19
9 10 11 12 13 14 15
15 16 17 18 19 20 21
20 21 22 23 24 25 26
16 17 18 19 20 21 22
22 23 24 25 26 27 28
27 28 29 30 31
23 24 25 26 27 28 29
29 30 31
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
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VISSION MISSION STATEMENT
JULY
AUGUST
SEPTEMBER
Davis Langdon and Seah Phili ppines Inc.
2
0
1
5
Vision
To be the leading Cost and Quantity Surveying, Environmental
Sustainability and Development Management Consultant in the
Philippines
OCTOBER
built environment
providing the highest
level of
NOVEMBER
DECEMBER
excellence in professionalism and integrity, working on modern,
leading edge projects - integrating and coordinating each of our
business lines.
Cost and Quantity Surveying
Vision
To be the leading Cost and Quantity Surveying Consultant in the
Philippines built environment, providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects – integrating and coordinating our Cost
and Quantity Surveying Consultancy with our other service lines
of Environmental Sustainability and Development Management.
Mission
Protecting the interests of our Clients, we commit to:
• Provide our Clients with proactive, integrated service where we
are working on the project covering more than one role.
• Establish partnerships with major Clients, working together as
an integral part of their management team.
• Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
• Provide our Clients accurate and dependable services taking
into account their needs and procurement options.
7
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Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
• Providing training, an exciting work environment and a
We commit
to continuously
competitive
remuneration
package.protect the interest of our
by:
• Stockholders
Providing opportunities
for career growth and professional
• Maintaining and upholding our Chartered status with the RICS.
development.
Maintaining and
our providing
Quality Assurance
accreditation
while
being
• •Encouraging
time and resource
to gain
external
committed toand
continual
improvement.
accreditation
qualifications
in the field of Cost Consultancy
• Producing
marketingservices
materials
and
marketing
and
Quantity Surveying
at the
earliest
time. strategy to
diversify and widen our client base on Cost Consultancy and
Quantity Surveying services.
We commit to our responsibility to our Society, hence;
• We contribute to socio civic works as a conscientious
8
organization.
Environmental Sustainability
Vision
To be the leading Environmental Sustainability Consultant in the
Philippines built environment,
providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects – integrating and coordinating our
Environmental Sustainability Consultancy with our other service
lines of Development Management, Cost and Quantity
Surveying Consultancy.
Mission
Protecting the interests of our Clients, we commit to:
• Provide LEED, BERDE and BREAM accreditation consultancy
services and expanding this to a capability in other S.E. Asian
accreditation systems such as Greenmark (Singapore).
• Provide our Clients with a proactive, integrated service guiding
them through the accreditation process and educating key
)
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VISSION MISSION STATEMENT
parties where there is lack of past experience/familiarization with
the process.
Provide opportunities
our Clients with
servicegrowth
over and
and professional
above their
• •Providing
for career
requirements by achieving the project’s targeted sustainability
development.
to go beyond
project’s
pursued
level
• certification,
Encouraging striving
and providing
time andthe
resource
to gain
external
within a reasonable
cost andseminars
time.
accreditation,
specialization
and qualifications in the
field
of environmental
sustainability
consultancy
Being
the greatest assets
of the Company,
weservices
commit at
tothe
the
earliest
growthtime.
and development of our Staff by:
• Providing
an exciting
workthe
environment
We
commit training,
to continuously
protect
interest ofand
oura
remuneration by:
package that exceeds the highest local
Stockholders
• benchmark
Developingcompetitors.
the company as the foremost energy modeling
center in the region, well-versed over a range of accredited
software; that clients and other DLS companies in S.E. Asia
9
might refer for modeling services.
• Expanding our Consultancy Services into other related fields
such
as
carbon
assessment,
daylight
simulation
and
commissioning works.
• Developing our Consultancy Services to increase our
involvement in the existing built environment as well as new
build developments.
• Producing marketing materials and marketing strategy to
diversify and widen our Client base on Environmental
Sustainability Consultancy.
• Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
We commit to our responsibility to our Society, hence;
• We contribute to socio civic works as a conscientious
organization.
Development Management
H
A
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S
&
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N
A
L
S
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V
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D
Vision
To be the leading Development Management Consultant in the
Philippines built environment, providing the highest level of
excellence in professionalismMission
and integrity, working on modern,
leading
edge
projects of–our
integrating
and
coordinating
our
Protecting
the interests
Clients, we
commit
to:
Development
with our other service
• Provide aManagement
high level Consultancy
Client’s Representative
service
lines of Environmental Sustainability, Cost and Quantity
incorporating
strategic
procurement
advice,
project
Surveying Consultancy.
management, planning, risk avoidance and programming
services.
• Provide our Clients with a proactive, integrated service where
we are working on the project covering more than one role.
• Establish partnerships with major Clients, working together as
an integral part of their management team.
10
• Guide our Clients through the development process and
educating
key
parties
where
there
is
lack
of
past
experience/familiarization with the process.
• Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
• Providing training, an exciting work environment and a
competitive remuneration package.
• Providing opportunities for career growth and professional
development.
• Encouraging and providing time and resource to gain external
accreditation and qualifications in the field of Development
Management services at the earliest time.
We commit to continuously protect the interest of our
)
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Stockholders by:
• Producing marketing materials and marketing strategy to
diversify
and
widen
our
client
base
on
Development
Management services.
• Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
Quality Policy Statement
We commit to our responsibility to our Society, hence;
• We
socio
civic
works
as a conscientious
Ourcontribute
policy andtogoal
is to
fill the
company’s
culture
organization.
with committed, dedicated and excellent people
having in-depth knowledge in the Quantity Surveying
field who will play a positive and creative role in
realising the needs and expectations of our clients
11
and to continually strive to ensure that our clients
have the best service available.
Each process within the Company that determines the
quality of our services shall be managed and
controlled in a planned and systematic manner in
accordance with our quality system documents with
the highest integrity, impartiality and independency.
We see our quality system as a valuable tool and
mechanism to promote, instill, further develop and
bring about opportunities for improvement to our staff
and our internal processes.
Essential to an effective quality system is our belief in
continuous investment in professional development
and structured training of our staff at all levels in core
skills and knowledge.
H
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skills and knowledge.
All staff members are required to comply with this
policy statement, be responsible for the quality of their
work and for providing our clients with a consistently
high standard of service.
Alan P. Hearn
President
CONSTRUCTION COST DATA
Construction Costs for Selected Asian Cities
International Building Cost Comparison
M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Servies Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities
Retail Prices of Basic Construction
Materials for Philippnes
1. CONSTRUCTION COST DATA
Unit Cost for Ancillary Facilities
for Philippines
CONSTRUCTION COSTS FOR SELECTED
M & CITIES
E Major Plant Costs for Philippines
ASIAN
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Fit-out Costs for Philippines
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floor areas measured to the outside face of the
external walls/external perimeter including lift shafts,
stairwells, plant rooms, water tanks and the like.
33
All buildings are assumed to have no basements
(except otherwise stated) and are built on flat ground,
with normal soil conditions and minimal external works.
The costs exclude land cost, professional fees, finance
and legal expenses.
The standards for each category of building vary from
country to country and do not necessarily follow those of
Manila.
FF&E refers to loose furniture, fixtures and equipment.
FF&E is excluded from office, residential and retail
project costs, but are included in hotels and country club
project costs.
DOMESTIC
Average standard apartments of 6-8 flats per floor,
H
A
E
S
&
N
O
D
G
N
A
L
S
I
V
A
D
50m2 - 150 m2 per flat, facade comprising textured
paint and punch window, itnernal finishes comprising
wood parquet, plaster and paint and painted rubbed
Air conditioning,
gensets,
concrete
to residential
unitsautomatic
and localsprinkler
ceramic system,
tiles to
complete plumbing and disposal system, complete
toilets.
fire alarm and detection system, CATV system
are allowed
for luxury
apartments
and of
prestige
houses.
Luxury
residential
facade
comprised
window
wall,
textured paint with stone accents, finished with
Services to standard
apartment
also coved
include
for
homogeneous
tiles, wood
cladding and
timber
pagingtosystem
and Davit type
gondola.
ceiling
lobby, combination
of wood
planks, plaster and
Services
luxury board
residential
also include
paint
and togypsum
to residential
unitsCCTV
and
cameras on tiles
lobby,
track mounted type gondola and
homogenous
to toilets.
helipad provision.
OFFICE/COMMERCIAL
34
Based on building 30-40 storeys high with floor plans
minimum 1,000 m2 per level.
Average standard offices and shopping centres have
bare finish and exclude A/C ducting and light fittings to
tenants areas.
Prestige offices have curtain wall elevations, stone
finished lobbies.
INDUSTRIAL
Owner operated factories exclude manufacturing
equipment, air-conditioning and special services
provisions.
HOTELS
F.F. & E. includes interior decoration and loose furniture,
etc. but excludes hotel operator’s items (e.g.
cutlery, crockery, linen etc.).
)
S
E
N
I
P
P
I
L
I
H
P
(
1. CONSTRUCTION COST DATA
Includes 1 level of basement.
OTHERS
MAJOR RATES FOR SELECTED ASIAN CITIES
Carparks
to be0 multi-storey,
0
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) Schools
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Student
hostels
to
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B
(
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Hospitals
include fit-out to nursing rooms, hospital
B
facilities; services i.e., oxygen piping, A/C, genset,
#
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180
41
160
140
120
100
2007
2008
2009
Year
Aggregates
Php / m3
1,100
1,000
900
800
2010
2011
700
600
MATERIALS FOR PHILIPPINES
Sand
500
400
Gravel
Ordinary Concrete Hollow Blocks
300
Php / piece
2007
15
2008
2009
2010
2011
Year
14
13
12
11
38
10
9
8
4" thk
6" thk
7
6
5
2007
2008
2009
Year
Timber
Php / bdft
140
120
100
80
2010
2011
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60
RETAIL PRICES OF BASIC CONSTRUCTION
40
Softwood
20
Hardwood
Reinforcing Bar
0 (Intermediate Grade - Grade 40; 275 MPa)
Php / kg
2007
2008
65
2009
2010
2011
Year
60
55
50
16mm
45
32mm
40
35
30
25
20
2007
2008
2009
2010
Year
Reinforcing Bar
(High Yield Grade - Grade 60; 10 MPa)
Php / kg
65
60
55
2011
43
50
16mm
32mm
45
40
35
30
Structural Steel (Angle Bar; A36)
25 Php / kg
75
20
70
2007
2008
65
2009
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2010
2011
1/4" x 2" x 20'
3/8" x 3" x 20'
60
55
44
50
45
40
35
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25
2007
2008
2009
2010
2011
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Php / kg
60
55
50
14 x 30 lbs
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45
40
35
30
UNIT COSTS FOR ANCILLARY FACILITIES
FOR PHILIPPINES
DESCRIPTION
UNIT
PESO
SQUASH COURTS
25
Singlecourt
with glass backwall
2007
2008 including
2009
2010
associated mechanical and electrical Year
services per court
but including any public facilities (enclosing
structure not included)
2011
1,300,000
TENNIS COURTS
Single court on grade with acrylic surfacing
completed with chain link fence
per court
1,960,00045
Single court on grade with artificial turf
surfacing including chain link fence
per court
2,400,000
Extra for lighting
per court
500,000
Half Olympic (25m x 16m) 6-lanes outdoor
swimming pool built in ground, fully tiled,
complete with 5m wide deck and associated
equipment
per pool
7,500,000
Half Olympic (25m x 16m) 6-lanes indoor
swimming pool with suspended structure
(enclosing structure not included) fully tiled
and completed with 5m wide deck, including
mechanical ventilation and associated
equipment.
per pool
11,500,000
SWIMMING POOLS
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A
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I
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A
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Extra for heating equipment
per pool
1,500,000
Extra for salt chlorine generator
per pool
500,000
BASKETBALL COURTS
Exposed court, approximately 975m2 including
player benches and excluding equipment
DESCRIPTION
Covered court approximately 975m2 ,
including
metal viewingEQUIPMENT
seats, built-in
PLAYGROUND
furnitures, provision for T&B, etc*
Outdoor playground equipment
comprising various activities and
safety mat
46 SAUNAS
Sauna room for 4-6 people complete
with all accessories (enclosing
structure not included)
per court
3,500,000
UNIT
PESO
per court
per set
18,000,000
500,000
to
1,500,000
per
room
500,000
per
room
600,000
STEAM BATHS
Steam bath for 4-6 people complete
with all accessories (enclosing
structure not included)
GOLF COURSES
(Based on ‘Average Cost Model’ of an
18 hole golf course in Asia)
per hole
excluding fairway construction and
rough hydroseeding
23,000,000
Including fairway construction and
rough hydroseeding
27,000,000
per hole
)
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1. CONSTRUCTION COST DATA
GOLF SIMULATOR
M & E MAJOR PLANT COSTS FOR THE
Complete golf simulation system
PHILIPPINES
complete with projector, high impact
projection screen, artificial grass
putting turf, putting green cup and
control computer with software
overall sizeDESCRIPTION
4m x7m x 3m high
(enclosing structure not included)
per set
UNIT
3,000,000
to
4,500,000
COST
(Php)
1.*Water
cooled
electric chiller
TR
16,000–25,000
includes
provision
for forward/rearper
fold
ceiling mounted
basketball goal.
2. Air-cooled electric chillers
per TR
25,000–35,000
47
3. Cooling Towers; induced draft
per GPM
1,500 – 2,000
4. Air Handling Units (AHU)
per TR
11,000–18,000
5. Packaged water-cooled units
(PWCU)
per TR
16,000–21,000
6. Fire Pumps; electric motor driven
per HP
17,000 – 21,000
7. Fire Pumps; diesel engine driven
per HP
22,000–25,000
8. Standby generator sets
per KW
5,500 – 9,000
NOTE:
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1. Rates are based on direct supply of imported quipment and
materials by the developer.
2. Rates include all government imposed taxes, import duties
brokerage fees and allowances for local materials and
installation cost.
3. Rates exclude preliminaries and contingencies.
4. Rates are based on fixed price tenders received in 4th
Quarter 2011.
COST
UNIT
DESCRIPTION
(Php)
9. Power transformers, with built-in
primary protections; padmount
per KVA
1,600 – 6,000
10. Power transformers, with primary
protection; silicon oil filled
48
per KVA
1,300 – 4,400
11. Power transformers, with primary
protection cast resin
per KVA
2,000 – 5,000
12. Sewage Treatment Plant,
Sequencing Batch Reactor (SBR);
including civil works
per
m3/day
20,000 – 30,000
)
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1. CONSTRUCTION COST DATA
FIT- OUT COSTS FOR PHILIPPINES
DESCRIPTION
PESO/m 2
HOTELS
Public Areas (Front of House) :
3-star Hotel
4-star Hotel
5-star Hotel
Guest rooms :
3-star Hotel
4-star Hotel
5-star Hotel
18,000 - 22,000
24,000 - 28,000
30,000 up
49
16,000 - 18,000
20,000 - 25,000
25,000 - 35,000
Notes :
1. Includes furniture, floor, wall and ceiling
finishes, drapery, sanitary fittings and
light fittings.
2. Excludes partitioning, M & E works,
building shell, chandelier, operational items
and equipment (e.g. bed, cutlery, crokery,
linen, television, refrigerator, etc.), opening
expenses, stage equipment and computer
systems.
COMMERCIAL
Shopping centers
18,000 - 22,000
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Shopping centers
18,000 - 22,000
Notes :
1. Mall/Public areas only; tenant area to be
bare finish
2. See notes 1,2,& 3 below
DESCRIPTION
PESO/m 2
NOTE:
OFFICES
1. Costs are at December 2011 Levels.
2. Costs include wall, floor, ceiling finishes, doors, FF&E,
Standard
offices *
18,000 - 26,000
M&E Works service reticulation, preliminaries
Executive
offices **
35,000 - 50,000
Forex US$1:43
Banking lobby ***
55,000 - 65,000
50* Medium quality systems furniture
** High quality furnitures and finishes
*** Imported stone finishes; double volume
spaces
Note :
See notes 1, 2 & 3 below
RESTAURANTS
General dining restaurant
Fine dining restaurant
Note :
Includes furniture, floor, wall and ceiling
finishes, minor alteration to air-conditioning
and fire services installation to suit layout,
exhaust for kitchen but excludes exhaust
15,000 - 30,000
30,000 up
)
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1. CONSTRUCTION
COST
flue, operational
items (e.g. cutlery, crockery,
linen, utensils, etc.).
H
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DATA
FIT- OUT COSTS FOR PHILIPPINES
DESCRIPTION
PESO/m 2
3. Costs exclude operational equipment and supplies,
structure,
external enclosure, major M&E plant, financing
THEATRES
/ CINEMAS
and developers costs, professional and marketing fees.
Theatres *
Cinemas **
55,000 - 70,000
30,000 - 45,000
* Includes stage rigging and equipment,
draperies, AV equipment projectors,
screens, acoustics and seatings
** Includes screens, projection equipment,
seats, finishes, ticketing booth
51
AUDITORIUMS
50,000 - 65,000
BUSINESS CLUBS
45,000 - 70,000
BAR / BILLIARDS *
40,000 - 45,000
* Excluding kitchen equipment
NOTE:
1. Costs are at December 2011 Levels.
2. Costs include wall, floor, ceiling finishes, doors, FF&E,
M&E Works service reticulation, preliminaries
Forex US$1:43
KITCHEN
EQUIPMENT
COSTS and supplies,
3. Costs exclude
operational equipment
structure,
external enclosure, major M&E plant, financing
FOR
PHILIPPINES
and developers costs, professional and marketing fees.
DESCRIPTION
BUSINESS CLUB
COST (Php)
15M - 20M
500 - 900 m2 floor area
EXECUTIVE DINING
15M - 25M
200 - 400 m2 floor area
52
4 STAR HOTEL
50 - 150 rooms
20M - 30M
5 STAR HOTEL
200 - 500 rooms
OFFICE CANTEEN
200 - 300 m2 floor area
30M - 40M
10M - 20M
)
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53
GENERAL CONSTRUCTION DATA
Trends in Construction Cost for Philippines
Construction Value
Construction Activity
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
Estimating Rules of Thumb
Progress Payments
Construction Materials Wholesale
Price Index
2. GENERAL CONSTRUCTION DATA
Minimum Wage
Average Earnings Index for Construction
TRENDS IN CONSTRUCTION COSTS
FOR PHILIPPINES
Php / m2 (Thousands)
80
Office Bldgs. - Grade A
70
Residential - Luxury Apts.
Retail Stores
60
Hotels - 5-star
50
56
40
30
20
10
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Year
Building Construction Cost (Php/m 2)
Residential Retail
US$
to Php
Year
Hotels
Office
2001
2002
56,160
57,240
30,680
31,270
36,140
36,835
20,800
21,200
52.00
53.00
2003
57,750
31,625
37,125
20,625
55.00
)
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2. GENERAL CONSTRUCTION DATA H
2004
58,800
32,200
36,680
18,840
56.00
2005
58,850
32,175
36,850
19,800
55.00
CONSTRUCTION
VALUE37,000
2006 60,000 34,000
21,760
50.00
37,410
26,500
43.00
2007
60,200
36,980
Construction Value (Php Billions)
120
105
90
2008
66,960
45,120
44,160
29,500
48.00
2009
67,000
45,120
44,180
29,800
47.00
2010
2011
69,080
68,800
46,860
45,760
Residential 46,010
46,400
32,340
41,280
44.00
43.00
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E
S
&
N
O
D
G
N
A
L
S
I
V
A
D
Non-Residential
75
60
53
45
30
15
0
2002
2003 2004
2005
2006
2007
2008
2009
2010
2011*
Year
Construction Value Php (1,000)
Year
2005
Residential
Non-Residential
51,454,973
33,560,552
2006
51,179,051
50,772,217
53,596,319
53,240,552
2007
2008
69,043,520
50,718,172
2009 IN CONSTRUCTION
77,953,836
48,895,248
TRENDS
COSTS
2010
97,247,194
79,047,539
FOR
PHILIPPINES
2011*
102,938,618
94,679,492
Usable Floor Area (Millions m²)
14
* Forecast
Source : www.census.gov.ph/data/sector data
12
Residential
Non-Residential
10
8
54
6
4
2
0
2002
2003
2004 2005
2006
2007
2008
2009 2010 2011*
Year
Usable Floor Area (m²)
Year
Residential
Non-Residential
)
S
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2. GENERAL CONSTRUCTION DATA H
A
E
S
&
N
O
D
G
N
A
L
S
I
V
A
D
2005
8,460,337
5,234,044
2006
7,808,050
6,024,889
2007
7,740,142
7,028,643
LEAD
TIME OF DIFFERENT
PACKAGES
2008
9,305,281
6,310,071
2009
9,848,587
5,355,568
Process Code* (in weeks)
2010
11,412,345
8,820,354
A
B
C
D
Packages
2011*
11,291,568
8,716,240
Insitu
Concrete
* Forecast
1
1
2
Works
Source : www.census.gov.ph/data/sector data
Structural steel
4
2
frames
5
Claddingcurtain walling
10
Brickwork
1
1
2
-
Roof finishes profiled metal
3
1
4
4
Windows
2
1
3
6
Drylining, plaster
and screeds
1
1
1
-
Demountable
partitions
2
1
2
3
General joinery
2
2
3
5
Raised floors
2
2
-
-
Suspended ceilings
Decorations
(wall coverings)
Stone wall and
floor finishes
2
2
3
3
-
-
2
-
3
2
4
5
2
-
14
59
* Process Code
Legend:
A - Working Drawing
B - Approve working drawing
C - Procurement of materials
Process Code* (in weeks)
D - Manufacture
Packages
A
B
C
D
60
Passenger lifts
(non-standard)
8
3
-
27
Escalators
4
2
-
18
Mechanical
pipework
4
2
1
1
Ductwork
4
2
4
3
Sprinklers
6
2
4
3
Air-conditioning
plant
2
2
3
6
Variable airvolume unit
1
1
3
6
Electrical package
6
3
-
-
Switchgear
Generators
(600 kW)
2
2
-
10
4
2
-
13
Light fittings
Security systems
1
3
1
3
6
4
-
Controls
4
3
3
-
Furniture
2
2
4
8
Data and voice
cabling
3
2
-
)
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2. GENERAL CONSTRUCTION DATA H
The lead time provided shall serve only as guide for use in
projects, this is due mainly to the variability of factors like
local customs
processing/clearing,
material
availability,
UTILITY
COSTS
FOR SELECTED
ASIA
CITIES
among others.
ELECTRICITY
Exchange
Rate
Lead times do not
refer to anyDomestic
particular building/project
COUNTRY
Commercial/
Used
type and are based on average times. For examples;
US$/kwh
Air-conditioningUS$=
plant may require
between siz US$/kwh
and twelve
weeks depending
the plant
specified
Manila
PESOon
43.00
0.20
- 0.27 or required.
0.21
Therefore, an average of nine weeks has been used in the
Hong
Kong
HK$ 7.80
0.10
0.11
table.
Kuala Lumpur
Singapore
Brunei
Jakarta
Bangkok
Shanghai
Beijing
Guangzhou
Shenzhen
Macau
Seoul
Tokyo
Bangalore
New Delhi
Ho Chi Minh
Karachi
RM 3.15
S$ 1.25
B$ 1.26
IDR 8,910
BAHT30.00
RMB 6.35
0.069 - 0.144
0.22
0.008 - 0.12
0.089
0.044 - 0.096
0.097 (peak)
0.048 (normal)
RMB 6.35
0.07
RMB 6.35
0.09
RMB 6.35
0.1066
MOP 7.97
0.11
KRW1,1146.0
0.155
JPYen 78.14
0.277
INR 50
0.078 - 0.196
INR 50
0.098 - 0.167
VND21,000
0.091
Rs89.42
0.078 - 0.160
0.110 - 0.137
0.22
0.057 - 0.159
0.102
0.054 - 0.056 61
0.16 (peak)
0.077 (normal)
0.13
0.17 / 0.14
0.048 - 0.183
0.12
0.0879
0.277
0.112 - 0.352
0.123 - 0.229
0.082 - 0.141
0.16 - 0.23
Cost are at 4th Quarter 2011 Levels
Basis of Charges in Manila, Philip pines
Water
Electricity
Domestic: 100 kwh - 533kwh
Domestic: 32m³ - 52m³
Commercial/Industrial : 222,600kwh
Commercial/Industrial : 3,204m³
- Water and Electricity: Actual Billing, includes miscellaneous charges, such as Environmental Charge,
Currency Exchange Rate Adjustment (CERA), VAT, etc.
Fuel as at 22 November 2011
Basis of Charges in Hongkon g, China
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D
Water:
Electricity (Based on tariff scheme of CLP Holdings Ltd)
Domestic
Domestic (bi-monthly consumption)
0 - 12m³ : Free of Charge
0 - 400 kWh
: US$0.10/kwh
400 - 1,000 kWh : US$0.11/kwh
12 - 43m³ : US$0.53/m³
43 - 62m³ : US$0.83/m³
1,000 - 1,800 kWh : US$0.12/kwh
Above 62m³ : US$1.16/m³
Above 1,800 kWh
: US$0.13/kwh
Basis of Charges in Shenzhen, China
Water: Domestic - Within 22m³ : US$0.361/m³
Electricity: Commercial: US$0.158/kWh
23 - 30m³ : US$0.541/m³
Industrial:
Above 31m³ : US$0.721/m³
Peak
: US$0.183/kwh
WATER
FUEL
Commercial
: US$0.525/m³
Normal
: US$0.138/kwh
Industrial
: US$0.525/m³
Off Peak
: US$0.048/kwh
Diesel
Leaded
Unleaded
Commercial/
Domestic
Unleaded
Fuel: 90# = US$1.089/litre;
93# = US$1.174/litre; 97# = US$1.271/litre
Basis of Charges in Macau, China
3
3
US$/litre Electricity
Water: Consumption
(flat rate)
: US$0.54/m³
tariff are composition
of
US$/litre
US$/litre
US$/mcharge
US$/m
Other Charges (Depending on meter size 15mm - 200mm)
demand charges, consumption charges,
fuel clause adjustment and government
Meter Rental = US$0.33 - 58.07/month
Minimum Consumption fee = US$2.22 - 383.0/month
tax
Charges for ordinary users (e.g. Business, government buildings, schools, associations, hospitals and
others) only. Special users (e.g. gaming industries, hotels, saunas, golf courses, construction, public
infrastructures and other temporary consumption) are excluded.
Basis of Charges in Shanghai, China
Unleaded 93# = US$1.03/litre; Unleaded 97# = US$1.09/litre
Basis of Charges in Guanzhou, China
Unleaded fuel rate is for Unleaded gasoline 97.
0.56 - 0.65
1.32
0.83
0.59
0.181 - 0.635 0.657 - 0.724
1.44
1.67
0.087 - 0.349 0.484 - 0.524
0.475
62 0.250
0.274 - 0.466 0.306 - 0.510
0.46
0.60
1.095
1.52
0.57
1.27
0.302
0.475
0.951
1.17
N/A
N/A
N/A
N/A
0.404
N/A
N/A
N/A
1.243
2.05
0.60
1.75
0.421
0.505
1.074
1.19 - 1.26
0.63
0.98
0.20
0.43 / 0.29
0.361 - 0.721
0.525
0.54
0.66
0.311
1.475
2.726
5.170
3.083 - 5.507 4.142 - 6.829
3.304 - 5.288 4.865 - 7.932
0.21 - 0.50
0.41/0.23
0.175- 0.319 0.292 - 0.529
1.08
0.84
1.177
1.48
1.61
1.459
0.921
0.82
0.995
1.105
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.13
1.04
Basis of Charges in Kuala Lumpur, Malaysia
Unleaded fuel reat is for Unleaded Petrol Ron 95
Basis of Charges in B angkok, Thailand
Unleaded = Gasohol 95
Basis of Charges in Karachi, Pakistan
Diesel = High Speed Diesel; Unleaded = Premier Petrol
Basis of Charges in Singapore (All Rates are nett of GST)
Electricity tariff is based on low tension power supply.
1.089 - 1.271
1.99
1.73
1.639
1.457
1.328
0.99 - 1.014
0.983
)
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2. GENERAL CONSTRUCTION DATA H
Electricity tariff is based on low tension power supply.
Domestic water rate includes conservation tax and water borne fee and is an average for the
1st 40 m³ exclude sanitary appliance fee.
Non-domestic water rate includeds conservation tax and water borne fee, exc. sanitary appliance fee
Diesel and 98 Unleaded Petrol as at 15 November 2011.
Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT Inclusive)
Water: (used in norm = US$0.21; used over norm = US$0.50)
Electricity: Domestic rates are applied to the 301st KW above wards.
D.O - 0.05%
92 & 95 Unleaded Petrol as at October 2011.
Basis of Charges in Brun ei
Electricity (Domestic) Tariff effective from 01 Jan 2012. 1-1-kwh 10c, 11-60kwh 8c,
61-100kwh 12c, above 100kwh 15c. 3
3
Basis of Charges in Seoul, Korea
Plus Water basic rates
3
3
Domestic
: US$0.939/month (within 30m³ usage)
Commercial : US$77.39/month (within
3 100m³ usage)
3
Plus Electricity basic rates
3 below in use)
3
Domestic : US$4.757/month (500kwh
Commercial : US$5.243/month (within 1,000KW usage and 3,300V-66,000V)
3
Basis o f Charges in Tokyo, Japan3(All rates are VAT inclusive)
Electricity : 0kwh - 120kwh = US$0.217/kwh; 120kwh - 300 kwh = Us$0.277/kwh
Over 300kwh
= US$0.292/kwh
Basic rate : US$3.309 - 10A (ampere) / US$9.927 - 30A / US$19.855 - 60A is added
Concrete
Water: 30mm diameter of water piping + basic rate of US$41.64 is added.
100mm diameter of water piping + basic rate of US$1,146.28 is added.
ESTIMATING RULES OF THUMB
Densities of Common Materials
Concrete
Cement
Sand
Gravel
Steel
2,400 kg/m
1,441 kg/m
1,600 kg/m
1,350 kg/m
7,850 kg/m
Water
Softwood
Hardwood
Aluminum
Soil (compact)
1,000 kg/m
700 kg/m
1,100 kg/m
2,750 kg/m
2,100 kg/m
Minimum Recommended Cement Factor
Based on Concrete Strength
( in bags of 40 kg cement)
Strength
Psi
Mpa
Ordinary Design Mix
1 1/2” Gravel Size 3/4”
8,000
7,000
6,000
5,000
4,000
3,000
21
19
17
15
11.75
9
55
48
41
35
28
21
22
20
18
16
12.75
10
63
Pumpcrete Design
Gravel Size 3/4”
23
21
19
17
14.5
11.5
Reinforcement
Bar Diameter
(mm)
Weight/m
(kg/m)
Perimeter
(mm)
Area
(mm2)
A
E
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N
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D
6
0.222
18.85
28.27
8
0.395
25.13
50.26
10
0.616
31.42
78.54
12
0.888
37.70
113.10
Structure Design - Concrete Ratios
16
1.579
50.27
201.06
20 following is a range
2.466of concrete62.83
314.16
The
ratios for building
25
3.854
490.88
superstructure
design
in Manila: 78.54
32
6.313
100.53
804.25 3 2
3
2
Concrete/floor
area
0.4
m
/m
to
0.55
m /m
40
9.864
125.66
1256.64
2
2
Formwork/floor area
2.0 m /m
to 3.0 m2/m2
Reinforcement
180 kg/m3
to 280
kg/m3
Average External Wall/Floor Ratio
1.0 m2/m2
0.4 m2/m2
0.4 m2/m2
Residential Apartments
64
Office, Hotel
Industrial
Average Internal Wall/Floor Ratio
1.0 m2/m2
0.5 m2/m2
1.5 m2/m2
Residential Apartments
Office
Hotel
Dimensions for standard parking space,
loading/unloading bays and lay-bys
Private Cars,
Taxis and Light Vans
Coaches and Buses
Lorries
Container Vehicles
Length
(m)
Width
(m)
Headroom
(m)
5
12
11
16
2.5
3.0
3.5
3.5
2.4
3.8
4.1
4.5
)
S
E
N
I
P
P
I
L
I
H
P
(
2.headroom
GENERAL
CONSTRUCTION
DATA
Minimum
means the
clearance between the floor and
the lower most projection from the ceiling including any lightings
units, ventilation duct, conduits or similar.
PROGRESS PAYMENTS
The above ratios are indicative and for reference purpose only.
They
do not account
for buildings
withare
special
shapes, of the
The following
graph
and table
an indication
configurations
or particularly
small foot prints.
rate of expenditure
for construction
projects.
The rate of expenditure is an average rate and will
Average
Volume
vary
fromLoads
project to project when specific
project
circumstances
Lorry (24 ton) are taken into account.
10.0 m3
Concrete truck (24 ton)
5.5 m3
No account has been made for downpayments or
retention.
65
rogress
a ms
100%
80%
60%
40%
20%
0%
0%
20%
40%
60%
80%
100%
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N
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D
Project Period
Contract
Period
66
Cumulative
Progress Claims
5%
1%
10%
3%
15%
5%
20%
7%
25%
10%
30%
14%
35%
21%
40%
29%
45%
38%
50%
48%
55%
59%
60%
68%
65%
77%
70%
83%
75%
88%
)
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E
N
I
P
P
I
L
I
H
P
(
2. GENERAL CONSTRUCTION DATA H
80%
A
E
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&
N
O
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G
N
A
L
S
I
V
A
D
92%
85%
94%
CONSTRUCTION
MATERIALS WHOLESALE
PRICE INDEX IN THE NATIONAL CAPITAL
90%
96%
REGION (NCR)
95%
Base Year (2000 = 100)
100%
98%
100%
2011
2010
Dec
Jan
Feb
Mar
ALL ITEMS
197.0
199.4
201.8
206.6
A. Sand and gravel
171.7
171.1
171.4
174.2
B. Concrete Products
183.8
185.1
186.6
189.7
C. Cement
182.9
183.2
183.3
183.7
D. Hardware
194.5
195.2
195.2
197.5
E. Plywood
157.3
157.9
161.1
165.1
F. Lumber
202.3
203.0
204.8
210.7
G. G.I. Sheet
172.9
172.9
172.9
173.5
H. Reinforcing Steel
220.1
221.1
225.1
230.7
I. Structural Steel
246.0
246.2
251.0
253.8
J. Tile Works
159.9
160.7
162.4
162.6
K. Glass and Glass Products
174.6
174.6
174.6
176.0
L. Door, Jambs and Steel
Casement
180.6
181.1
184.5
189.3
M. Electrical Works
171.3
171.5
174.0
177.2
67
N. Plumbing Fixtures &
Accessories/Waterworks
146.9
147.3
148.8
150.0
O. Painting Works
185.1
185.8
186.8
189.5
P. PVC Pipes
165.3
166.0
166.0
166.8
Q. Fuel and Lubricants
290.3
299.3
305.7
326.5
R. Asphalt
388.0
388.0
388.0
388.0
S. Machinery and
Apr
May
Jun
Equipment Rental
2011
Jul
Sep
Oct
114.6Aug 114.6
114.6
Nov
114.6
210.5 210.8 211.4 212.0 211.7 212.3 212.2 213.7
178.7 181.8 182.2 184.5 185.8 181.8 182.2 190.0
68 193.8 194.0 194.8 195.5 195.5 195.9 195.9 195.9
184.1 178.6 179.2 177.9 176.0 177.9 177.0 177.2
201.2 203.9 206.0 205.9 205.8 205.8 205.8 206.5
168.8 170.9 171.3 172.3 173.3 172.2 172.2 174.5
213.6 217.1 217.1 217.2 216.3 217.2 217.2 218.2
173.6 173.6 173.6 173.6 173.5 173.6 173.6 173.5
234.4 235.8 238.9 238.9 239.0 238.2 238.2 242.6
257.4 262.1 264.7 266.8 265.8 266.0 266.0 267.7
163.5 164.4 165.1 166.3 167.5 169.4 169.4 169.4
177.7 177.7 177.7 177.7 177.7 177.7 177.7 177.7
190.4 190.5 190.5 190.5 190.4 190.4 190.4 191.6
)
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P
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P
(
184.0 184.9
185.3 187.1 187.4 187.4
180.62.183.9
GENERAL
CONSTRUCTION
DATA
152.4 154.5 154.5 154.5 154.5 154.5 154.5 154.3
MINIMUM
WAGE
190.4 193.0
193.4 193.6 195.3 195.3 195.5 196.5
Peso per Day
166.8 168.8 168.8 168.8 169.5 169.5 169.5 170.2
450.00
336.5
400.00
329.7 325.8 326.4 324.4 326.4 324.2 333.1
350.00
388.0 411.3 411.3 431.4 431.4 441.4 441.3 441.4
300.00
250.00
114.6
114.6 114.6 114.6 114.6 114.6 114.6 114.6
200.00
Source: www.census.gov.ph/data/sectordata
150.00
100.00
69
50.00
0.00
2001
2004
2006
2008
2011
2010
YEAR
Year
Wage
Order #
Amnt. of
Increase
Peso per
Day
01 January 1991
16 December 1993
01 April 1994
02 February 1996
01 May 1996
06 Febuary 1997
01 May 1997
06 February 1998
31 October 1999
01 November 2000
05 November 2001*
NCR 02
NCR 03
NCR 03
NCR 04
NCR 04
NCR 05
NCR 05
NCR 06
NCR 07
NCR 08
NCR 09
12.00
17.00
10.00
16.00
4.00
15.00
5.00
13.00
25.50
26.50
15.00
118.00
135.00
145.00
161.00
165.00
180.00
185.00
198.00
223.50
250.00
265.00
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15.00
NCR 09
01 Febuary 2002*
20.00
NCR 10
25 June 2004*
25.00
NCR 11
16 June 2005
EARNINGS
INDEX25.00
FOR
NCR 12
11AVERAGE
July 2006
12.00
NCR 13
28CONSTRUCTION
August 2007
15.00
NCR 14
14(1978
June 2008
= 100)
5.00
NCR 14
28 August 2008
NCR 15
22.00
23 June 2010
YEAR
2011 NCR2010
2009
22.00
16
26 May
2011
ANNUAL
2,384.7
2,253.8
* ECOLA (Emergency Cost of Living Allowance)
Source
: National2,577.3
Wages & Productivity
Council,
January
2,386.3
2,250.1
of Labor2,300.6
and Employment
FebruaryDepartment
2,366.2
2,211.0
March
70 April
May
June
July
August
September
October
November
December
YEAR
2,639.6
2,664.3
2,834.4
2,636.1
2011
QUARTERLY
Q1
Q2
Q3
Q4
2,527.7
2,711.6
2,521.0
2,511.4
2,601.4
2,556.8
2,208.4
2,236.5
2,425.4
2,297.5
2,366.8
2,204.5
2,335.0
2,413.6
2,447.9
2,317.0
2,188.0
2,234.1
2,304.6
2,064.8
2,135.8
2,143.7
280.00
300.00
325.00
350.00
362.00
377.00
382.00
404.00
2008
426.00
2,206.3
2,165.1
2,121.2
2,232.5
2,312.7
2,365.6
2,255.8
2,168.7
2,146.7
2,193.6
2,131.2
2,163.0
2,219.3
2010
2009
2008
2,384.7
2,253.8
2,206.3
2,402.6
2,556.6
2,290.1
2,289.6
2,265.4
2,392.8
2,242.2
2,114.8
2,172.9
2,311.4
2,169.7
2,171.2
)
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71
PROPERTY COMMENTARY
Property Updates on
Commercial
Residential
3. PROPERTY COMMENTARY
Hotels and Serviced Apartments
by Jones Lang LaSalle Leechiu
Retail
Industrial
In General
The robust performance of the general property market in
2010, particularly in Metro Manila, had sparked optimism
in the market in 2011. This has led property developers to
introduce new projects and has encouraged increases in
real estate prices. As a result, positive growth in all
property sectors (commercial office, residential, hotel,
retail and industrial) has been observed.
The upward trend in rentals that started in 2010 continued
in 2011 as commercial office spaces in Makati, Ortigas
and Bonifacio Global City enjoyed healthy demand
primarily from the offshoring and outsourcing (O&O)
sector. As a result, property developers were encouraged
to roll out more new office projects in various areas in
Metro Manila. Consequently, the volume of future supply
in the next few years has thoroughly increased as
compared to the previous year. In 2012, prices are still
projected to rise although tightening competition brought
on by the large incoming supply may limit their growth.
The residential condominium sector has sustained its
positive performance in 2011, supported by the
remittances from overseas Filipinos and relatively low
interest rates. In the coming years, the future stock of
residential condominiums is expected to further increase,
reaching twice the current stock by 2015. The large
incoming supply may lead to an imbalance between
demand and supply, which may limit growth in rentals and
capital values in the mid-term.
In
coming
years, has
the hotel
sub-sector
is expected to
Thethe
retail
sub-sector
also recorded
improvements
in
experience
a boom
in room
supply growth
as new in
hotels
2011 as mall
developers
reported
their across
rental
Metro
Manila
arethe
completed.
Majorityeconomic
of these growth
new hotels
income.
Despite
lower domestic
and
will
likely be
concentrated
Bonifacioremittance
Global City
and
the fragile
state
of the globalineconomy,
inflows
Entertainment
– where
of the
hotels
from overseas City
Filipinos
havemost
helped
buoyupcoming
retail spending
are
Manila,modest
many
in thecasino-related.
country. Over Aside
the nextfrom
year,Metro
the forecast
developers
are may
venturing
to more
leisure
resort
economic growth
likely support
moderate
growth
in
developments
Metro Manila. These activities may
the retail sectoroutside
as well.
potentially attract more investments in the hotel sub-sector.
The
industrial
market
remained
resilient
despite
74
experiencing a challenging year as economic externalities
affected the performance of the country’s exports. The
sub-sector may likely post minimal growth in the near term.
However, recovery in the country’s trade and
manufacturing industry can propel growth in the industrial
sub-sector.
In general, the outlook on the property market for 2012
remains positive, albeit growth may be modest as
compared to the relatively high growth experienced in the
last couple of years. Amidst the positive sentiments for the
market for the year, property players are advised to
exercise caution as the global economy continues to be
volatile. The slow recovery of the US economy from the last
recession in 2009 and the lingering Eurozone debt crisis,
are market externalities that threaten to dampen the growth
prospects of the property market.
Commercial Sector
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Jones 3.
Lang
LaSalle Leechiu
Research, Consulting &
PROPERTY
COMMENTARY
Valuation (“JLLL Research, Consulting & Valuation”) notes
that the consolidated office stock for all grades in the
established business districts of Makati, Ortigas and
Bonifacio Global City stood at approximately 5.46 million
sqm in 2011. This represents around 80% of the total stock
In 2012, more than 300,000 sqm of new office space are
of office space in Metro Manila (includes the emerging urban
being constructed. Most of this future supply will come
districts of Eastwood City, Bay City, Newport City, Alabang
from completions in Bonifacio Global City.
and other districts in Quezon City among others). Average
vacancy
office in
developments
in Makati
CBD and
After the of
downturn
the property market
experienced
in
Bonifacio
Global
City
declined
from
last
year’s
level
to
an
2009, the office sector recovered in 2010 as rentals
estimated
4%. In again.
the next Infour2011,
years, approximately
1.06
began rising
rentals of office
million
sqm are expected
to be added
to the total
office
stock
Average
developments
have continued
this upward
trend.
in
Makati
CBD,
CBDGrade
and Bonifacio
Global
City. and
rental
rates
of Ortigas
prime and
‘A’ offices
in Makati
Bonifacio Global City have grown to reach around
Php9,100 per sqm per annum from approximately
75
Php7,980 per sqm per annum in the previous year.
However, the upcoming supply in 2012, which is more
than twice the completions in 2011, may affect the growth
in rentals.
JLLL Research, Consulting & Valuation estimates that the
average achievable gross rental levels for Grade ‘A’
facilities in Makati CBD (which continue to enjoy a
premium to the overall market) is approximately at
Php750 to Php850 per sqm per month over 2012.
Average rentals in prime office developments in Makati
CBD are projected to hover around Php900 to Php1,000
per sqm per month. Meanwhile, rentals in office
developments in Ortigas CBD are projected to reach
around Php500 to Php650 per sqm per month. For office
developments located in Bonifacio Global City, rentals
are estimated within the range of Php650 to Php850 per
sqm per month. In terms of capital values, Grade ‘A’
offices in Makati CBD are estimated to achieve resale
prices at around Php75,000 to Php90,000 per sqm. In
Ortigas CBD, average capital values of office spaces are
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projected within the range of Php45,000 to Php55,000 per
sqm.
Residential Condominium Sector
From theTotal
economic
2009, the Units
residential
Number ofslowdown
ResidentialinCondominium
propertyMakati
sectorCBD,
picked
up inCBD
2010
continued
to City:
perform
Ortigas
andand
Bonifacio
Global
well in 2011. Demand
continued
be fueled
by the sustained
By Type
of Unitsto
(2001
- 2015E)
inflow of remittances from overseas Filipinos coupled with the
120,000
low interest rates and flexible financing schemes. In terms of
supply, the residential condominium market continued to
100,000
exhibit strong growth as total stock in Makati CBD, Ortigas
CBD, and Bonifacio Global City is estimated at around
80,000
45,300 units in 2011.
60,000
76
40,000
20,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E 2014E 2015E
Makati CBD
Bonifacio Global City
Ortigas
Supply side factors in the residential sector remain a
concern as the number of residential condominium buildings
further increases. The large magnitude of supply expected
in the coming years may negatively affect the growth of
rentals and capital values. From 2012 to 2015, around
54,000 residential units are expected to be added to the
total supply in Makati CBD, Ortigas CBD and Bonifacio
Global City. On average, around 13,000 units are expected
per year for the next four years.
Rental rates of condominiums located in Makati CBD,
Ortigas CBD and Bonifacio Global City averages between
)
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PROPERTY
Php3753.and
Php700 per COMMENTARY
sqm per month. Meanwhile,
average resale capital values in these districts range from
around Php60,000 to Php115,000 per sqm, depending on
the quality and location of the condominium.
Hotels
and
Service
Apartments
Sector
After the
slight
decline
in occupancy
rates in 2009, which
may be attributed to the global economic slowdown,
The total number of hotel rooms has reached 15,765 rooms
performance of hotels picked up in 2010. With the help of the
(as of April 2011). Majority of the supply still stems from the
growing number of tourists coming into the country hand in
deluxe and standard hotel classification. These types of hotels
hand with the economic recovery in many countries, many
also pose the highest occupancy rates from January to August
hotels experienced a boost in their occupancy rates,
2011. Occupancy rates of deluxe hotels picked up as it rose to
especially with deluxe hotels. This trend continued through
72% while average occupancy of standard hotels remained at
2011, as occupancy rates continued to rise for deluxe hotels.
66%. However, overall occupancy of hotels across the various
Average Occupancy
of Hotels
in Metro
Manila By
classifications
remained Rates
at roughly
the same
level.
Hotel Classification: 1996 to 2011
77
80%
70%
60%
50%
40%
30%
20%
10%
0%
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
Deluxe (5-star)
75.00 73.00 60.00 63.81 65.27 58.39 62.72 61.23 71.0374.03 73.63 73.84 70.11 64.43 70.45 72.17
First Class (4-star)
66.00 70.00 55.00 60.44 50.80 54.24 59.90 59.94 65.8070.22 72.32 75.89 68.97 60.61 62.43 60.17
Standard (3-star)
65.00 62.00 53.00 51.53 53.14 52.51 55.88 58.97 64.2867.88 70.29 71.81 70.77 67.77 65.72 66.05
Economy (2 and 1-star) 49.00 57.00 51.00 53.24 37.97 41.13 51.34 54.07 54.1265.90 58.42 61.7662.32 64.63 59.04 63.18
Deluxe (5-star)
First Class (4-star)
Standard (3-star)
Economy (2 and 1-star)
In the next four years, more than 9,000 hotel rooms are
expected to open in Metro Manila. In 2012 alone, around
2,000 hotel rooms would be added to the Metro Manila
market. Upcoming hotel developments are expected in
Quezon City, the Bay Area, Bonifacio Global City and
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Quezon City, the Bay Area, Bonifacio Global City and
Alabang are expected to boost tourist arrivals in the next few
years.
Retail Sector
Despite the various ongoing problems affecting the global
In 2011, such
the retail
sustained and
its the
positive
economy,
as theproperty
debt crisissector
in the Eurozone
slow
performance
asUS
shopping
mallremittances
rentals witnessed
and
recovery
of the
economy,
still grewgrowth
by around
newfrom
retailJanuary
stock was
added during
the
year.
The retail in
market
7%
to September
2011.
Total
remittances
2011
continues
benefitUSD20
from the
country’s
large consumer
is
estimatedto
at around
billion,
while remittances
for 2012
market,
which
is supported
is
forecast
to grow
by 5%. by the remittances from overseas
Filipinos. Despite the various ongoing problems affecting the
of remittances
overseas
As
a result
of a such
stableasinflow
global
economy,
the debt
crisis in the from
Eurozone
and
Filipinos
the generally
healthy
spending
of consumers
the
the slowand
recovery
of the US
economy,
remittances
still in
grew
country,
demand
in the
retail property
market 2011.
witnessed positive
by around
7% from
January
to September
growth in the last couple of years with the entry and expansion of
new international retailers. Most of these retailers have either
78
food or clothing businesses. In 2012, many of these new retailers
are expected to expand within Metro Manila, and may venture
out to other urban centers in the Philippines.
Accumulated Total Supply of Gross Leasable Space (in sq. m.)
Major Metro Manila Retail Malls 1995-2012
4,500
4,000
3,500
3,000
)
m
q
s
0 2,500
0
'0
n
i(
2,000
A
L
G
1,500
1,000
500
0
95
19
96
19
97
19
98
19
99
19
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
2E
20 201
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In terms3.
of PROPERTY
supply, there were COMMENTARY
a few new shopping malls and
expansions of existing malls completed in 2011. With these new
additions, total retail stock of major malls in Metro Manila
reached 4.0 million sqm. In the next few years, Metro Manila will
likely witness several new mid-scale shopping malls, more
expansions of existing shopping centers as well as retail malls
Industrial
Sector
within
mixed-use
developments. In 2012, more than 200,000
sqm of retail space is expected to be added to the total retail
The industrial
property
sectorthe
recovered
the space,
early part
stock
in Metro Manila.
Despite
additionalinretail
JLLLof
2011 as evidenced
positiveestimates
figures recorded
Research,
Consultingin& the
Valuation
vacancy over
rates the
in
said period.
landvicinity
values
developers
major
malls to Industrial
remain in the
of picked
4%-5%.upInas
addition,
mall
faced renewed
firms riding provinces
on the positive
developers
are alsointerest
enteringfrom
other underserved
where
growth ofcenters
the economy.
Average
estimated
values
shopping
are few and
rare. Overall,
retailland
supply
in thein
Cavite andisLaguna
were
observed
to be pattern
between
3,000
Philippines
expected
to follow
an upward
in Php
the shortPhp 3,700 per sqm. Meanwhile, asset performance
toand
medium-term.
likewise improved as average rentals in the aforementioned
79
areas reached Php 110 to Php184 per sqm per month.
The sector remained relatively stable despite the set of crises
in Japan and more recently, the double digit dip in the
country’s exports in September. Total foreign direct
investments in the country surged in 3Q11, posting a 32%
growth to Php 25 billion. Approximately Php 9.6 billion of
investment pledges were cornered by the manufacturing
sector alone. This growth in investments may represent the
increased interest of foreign firms to enter the Asian market as
Western economies are poised to post slow growth in the
medium term. This increased interest may also be reflected in
the sustained take up of industrial products coupled with the
higher number of on-going constructions in select ecozones
of the country.
The industrial market may exhibit subdued growth in 2012 as
externalities continue to exert pressure over the global
economy. In particular, the growing US debt and Eurozone
crisis may impact on the export-dependent Asian economies.
Despite these externalities, industrial growth may be
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supported in the medium term by regional trade with the
country’s resilient Asian trading partners. In the local scene,
the open access to electricity is expected to be implemented
by September 2012 and is projected to assist firms in
securing cost-effective power rates which may improve the
marketability of the industrial sector.
Disclaimer: This document is prepared by Jones Lang LaSalle Leechiu,
for information only. Whilst reasonable care has been exercised in
preparing this document, it is subject to change, and Jones Lang LaSalle
Jones
Leechiu isas the
leading
Leechiu Lang
makes LaSalle
no representations
to its
truth, provider
accuracy of
or
completeness, services
and accordingly
bein
held
for any
liability
professional
in realcannot
estate
theresponsible
Philippines.
Globally,
whatsoever for any loss howsoever arising from or in reliance upon the
the
firm offers integrated services delivered by expert teams
whole or any part of the contents of this document.
worldwide to clients seeking increased value by owning,
occupying or investing in real estate. With 2010 global
by : Jones
Lang
Lasalle
Leechiu
revenueProvided
of more than
USD 2.9
billion,
Jones
Lang LaSalle
serves clients in 60 countries from more than 1,000 locations
80
worldwide, including 185 corporate offices. The firm is an
industry leader in property and corporate facility management
services, with a portfolio of approximately 1.8 billion square
feet worldwide.
Jones Lang LaSalle has over 50 years of experience in Asia
Pacific, with over 19,400 employees operating in 78 offices in
13 countries across the region.
Jones Lang LaSalle Leechiu is currently the number one
agency in the Philippines, bringing together strong local
presence and talent and a global platform and infrastructure.
Jones Lang LaSalle Leechiu
5/F Equitable Bank Tower
8751 Paseo de Roxas
1226 Makati City
Philippines
Telephone : +63 (2) 902 0888
Fax
: +63 (2) 729 5159
Website
: www.joneslanglasalleleechiu.com.ph
)
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: ap.joneslanglasalle.com/researchhub
For more information, please contact :
David T. Leechiu
Country Head
Telephone : +63 (2) 902 0880
Mobile
: +63 (918) 910 5158
Email
: david.leechiu@ap.jll.com
Claro dG. Cordero, Jr.
Head, Research, Consulting & Valuation
Telephone : +63 (2) 902 0887
Mobile
: +63 (918) 914 3309
Email
: claro.cordero@ap.jll.com
81
FINANCIAL
Philippines Key data
Economic Highlights
Financial Definitions
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate
4. FINANCIAL
PHILIPPINES KEY DATA
POPULATION
Population (August 2007)
Population#(2012)
88.57M
97.69M
Urban Population *
30.14%
Population under 15
31.97%
Population over 65
3.31%
Ave. annual growth rate (2000 - 2007)
2.04%
GEOGRAPHY
Land Area
Agricultural Area (2010)
Capital City
(population Metropolitan Manila)
(population Manila)
300,000 km2
42.98%
Manila
11.55M
1.66M
ECONOMY 2011
Monetary Unit
Average Headline Inflation rate
Peso
(2006 = 100)
Gross Domestic Product (GDP)
(1Q to 3Q)
GDP per capita
4.8%
Php 7,005.072bn
Php 79,090.80
CONSTRUCTION (1Q to 3Q) in 2011
Gross value of const. output
Php 538.736bn
ECONOMIC
HIGHLIGHTS
Net value of const.
output
Php 393.553bn
3rd Quarter
2011
Net value of const. output
as a
2.07%
proportion
of
the
GDP
Philippine Economy gro ws by 3.2 percent in Q3 2011
The domestic economy has decelerated for the third
consecutive
quarter
from the
honey moon
* Population
of Philippines’
key 7.3
citiespercent
only
growth
last year
to 3.2 percent this year. The so called death
# Forecast
/ Projected
spiral of debt that hounds our trading partners, the
uninvigorating, albeit already expanded government
spending, and the decline in fishing due to unfavorable
weather and the high cost of fuel contributed to this relatively
lethargic growth. As almost always, the Services sector
84
saved the domestic economy from posting an even lower
growth. With the downwardly revised second quarter GDP
estimate, this puts the growth for the first nine months of
2011 at 3.6 percent, quite a distance even from the lower
end of the whole year target of 4.5 percent.
On the demand side, consumer spending bolstered growth
but Construction continued to suffer from the much delayed
implementation of the Public-Private Partnership program
while Export of Goods really got hit by the global crisis,
posting a double digit decline for the first time since the
second quarter of 2009.
Industry declines
The Industry Sector contracted by 0.2 percent, its
second consecutive quarter of decline after posting
robust growths in the preceding five quarters.
Manufacturing and Mining and Quarrying contributed
positively to Industry with [2.06 percentage point] and
[0.03 percentage point]; respectively.
)
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4. FINANCIAL
Construction was the star under performer again, pulling
down the growth of Industry [with negative 2.15
percentage point]. Electricity, Gas and Water Supply,
FINANCIAL DEFINITIONS
likewise made a negative contribution of [0.12
percentage point].
Construc
tion
slumps
Discount
Rate
For
second
consecutive
quarter,
Construction
declined
Thethe
rate
of return
a developer
expects
when investing
by
percent from a growth of 15.6 percent recorded last
in 12.2
a project.
year with the decline of Private Construction and the
contraction,
albeitcost.
lower, of Public Construction.
i.e. opportunity
Source:
The National Accounts of the Philippines
Internal Rate
ofStatistical
ReturnCoordination
(IRR) Board (www.nscb.gov.ph)
National
The IRR may be defined as the interest rate that85
equates the precent value of expected future cash flows
to the cost of the investment.
The IRR can be compared to the Discount Rate.
Net Present Value (NPV)
The NPV is the present value of all future cash flows,
discounted back to today’s values at the Discount Rate.
The NPV indicates in today’s dollars the profit or loss a
developer makes above or below his required profit
(based on nominated Discount Rate).
72 RULE
The approximate number of years required to double
your capital can be calculated by dividing the interest
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rate into 72.
e.g.
If interest rate = 10% p.a.
Then 72 ÷ 10 = 7.2 years
FINANCIAL FORMULAE
It will take approximately 7.2 years to double
your capital if it is invested at 10% p.a.
Future value of $1
FV = PV (1+i) n
Future value of $1 per
period
FV = PMT ((1+i)n-1),i]
Sinking fund
(the amount required to
be put away
PMT = FV [i ¸ ((1+i) n -1)]
periodically to realise
some future sum)
82
Present value of $1
PV = FV [1¸ ((1+i) n]
Present value of $1 per PV = PMT [((1+i) n -1),
period
(i(1+i)n)]
Annuity with a PV of
$1 (mortgage bond
formula)
PMT = PV [i(1+i) n),
((1+i)n -1)]
PV
=
present value
FV
=
future value
PMT
=
payment amount
n
=
period (e.g. 10 years with monthly
payments, n = 10 x 12 = 120)
)
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4. =FINANCIAL
interest rate per period
(e.g. 12% p.a. compounded monthly;
i = 12 % ÷ 12 months = 1% per period)
MORTGAGE REPAYMENT TABLE
Based on :
• 1,000 units of currency
• Interest compounded monthly
• Equal monthly repayments
Interest
REPAYMENT (years)
p.a.
5
10
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
18.87
19.33
19.80
20.28
20.76
21.25
21.74
22.24
22.75
23.27
23.79
24.32
24.85
25.39
25.94
26.49
10.61
11.10
11.61
12.13
12.67
13.22
13.78
14.35
14.93
15.53
16.13
16.75
17.38
18.02
18.67
19.33
15
7.91
8.44
8.99
9.56
10.14
10.75
11.37
12.00
12.65
13.32
14.00
14.69
15.39
16.10
16.83
17.56
20
6.60
7.16
7.75
8.36
9.00
9.65
10.32
11.01
11.72
12.44
13.17
13.91
14.67
15.43
16.21
16.99
87
20%
26.49
19.33
21%
27.05
19.99
22%
27.62
20.67
23%
28.19
21.35
CONSUMER
PRICE INDEX
24%
28.77
22.05
% Change in CPI Index
25%
29.35
22.75
9
17.56
18.31
19.06
19.82
20.58
21.36
16.99
17.78
18.57
19.37
20.17
20.98
Example
8
7
6
5
Borrow $1,000,000 to be repaid monthly at 10% p.a.
over 10 years.
Repayments
= 1,000,000 ÷ 1,000 x $13.22
= $13,220 per month
4
388
2
1
0
2007
2008
2009
2010
2011
Year
Year
Index
% Change
2006
100.0
2007
102.9
2.95%
2008
111.4
8.15%
2009
116.0
4.22%
2010
120.4
3.80%
)
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126.2
2011*
4.80%
EXCHANGE RATES
Note
: Base date 2006 = 100
Approximate rates prevailing as at 02 January 2012
US$ in
PHP in
Foreign
Foreign
Currency Currency
Currency
Foreign
Currency
in PHP
Australia*
dollar
44.88
0.0222
0.98
Bahrain*
dinar
116.50
0.0085
0.38
COUNTRY
89
Brunei*
dollar
33.74
0.0296
1.30
Canada*
dollar
43.09
0.0232
1.02
China*
yuan
6.95
0.1434
6.32
kroner
7.65
0.1438
6.32
European
Currency Unit*
euro
56.84
0.0175
0.77
Hong Kong*
dollar
5.65
0.1768
7.77
India+
rupee
0.83
1.2070
53.01
Indonesia*
rupiah
0.00
208.3333
9,090.00
yen
0.57
1.7519
76.94
Denmark+
Japan*
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Malaysia+
ringgit
13.86
0.0721
3.17
New Zealand+
dollar
34.12
0.0293
1.29
Norway
kroner
7.34
0.1361
5.97
COUNTRY
Pakistan+
Currency
Foreign
PHP in
US$ in
Currency Foreign
Foreign
in PHP
Currency Currency
rupee
0.49
2.0441
89.78
rial
11.71
0.0853
3.75
Singapore*
dollar
33.87
0.0295
1.29
South African+
rand
6.49
0.1542
6.79
South Korea*
won
0.38
26.3852
1,158.75
Sweden+
kroner
6.37
0.1568
6.88
Switzerland*
franc
46.842
0.0213
0.94
Saudi Arabia*
90
Taiwan+
NT dollar
1.45
0.6892
30.27
Thailand*
baht
1.40
0.7179
31.53
dirham
11.96
0.0836
3.67
United Arab
Emirates (UAE)*
)
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4. FINANCIAL
United Kingdom*
pound
68.25
0.0146
0.64
43.92
0.0227
1.00
CURRENCY
United
States of CHARTS
America*
dollar
US Dollar
Notes:
Php per US$
* 60 Convertible currencies with BSP
+
Non Convertible currencies with BSP
BSP Bangko Sentral ng Pilipinas
50
Source: Business World - BSP Reference Rate
40
30
91
20
10
0
2006
2007
2008
2009
Year
Japanese Yen
Php per 100 Japanese Yen
60
50
40
2010
2011
30
20
Sterling
Pound
10
Php per GBP
120
0
2006
2007
2008
100
2009
2010
2011
Year
80
Note: Yearly Average Rate
60
92
40
20
0
2006
2007
2008
2009
2010
2011
Year
Singaporean Dollar
Php per Singaporean Dollar
40
30
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4. FINANCIAL
20
CURRENCY CHARTS
10
Dirham
0
Php per Dirham
16
2006
14
2007
2008
2009
2010
2011
Year
12
10
8
93
6
4
2
0
2006
2007
2008
2009
Year
Hong Kon g Dollar
Php per Hong Kong Dollar
10
8
6
2010
2011
4
Euro
2
Php per Euro
80
0
70
2006
2007
2008
60
2009
2010
2011
Year
50
Note: Yearly Average Rate
40
30
94
20
10
0
2006
2007
2008
2009
2010
2011
Year
Australian Do llar
Php per Australian Dollar
50
40
30
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4. FINANCIAL
20
PRIME RATES
10
Approximate rates prevailing in 4th Quarter 2011
0
2006
2007
COUNTRY
2008
2009
Year
2010
RATE (%)
Australia*
4.50
Brunei
5.50
China**
6.90
Egypt***
10.25
Hong Kong
India
5.00
14.75
Indonesia
Japan###
6.00
1.60
Macau
5.25
Malaysia
6.60
New Zealand^
10.01
Pakistan^^
13.97
Philippines
5.74
Singapore
5.38
South Africa
9.00
South Korea+
Thailand#
3.25
7.71
2011
95
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United Kingdom
0.50
United States of America
Vietnam##
3.25
MANILA REFERENCE RATE
10
8
6
4
9.00
Australia*
= O/N Cash Rate
Manila
Reference Rate
(%)
= 3-year
Benchmark Lending Rate
China**
Egypt***
= Overnight Lending Rate
New Zealand^
= Business Base Lending Rate
= Weighted Average Lending Rate
Pakistan^^
+
= Base Rate of the Bank of Korea
South Korea
#
= Minimum Loan Rate % per annum
Thailand
(averaged based on local bank)
Vietnam##
= Min and in VND per year
= Long-term prime rate % annum
Japan ###
(Implementation date is 10 December 2010)
96
2
0
2006
2007
2008
2009
2010
2011
Year
PHILIPPINE CENTRAL BANK
MANILA REFERENCE RATE
DATE
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
%
2006
2006
2006
2006
2007
2007
2007
2007
2008
6.81
7.13
6.63
6.63
6.31
6.56
5.75
6.06
5.63
)
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Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
2008
2008
2008
2009
2009
2009
2009
2010
2010
2010
2010
2011
2011
2011
2011
H
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5.63
5.06
5.38
5.50
5.40
5.02
4.88
4.79
4.81
4.88
4.86
4.71
4.71
4.83
4.81
Note: Based on all maturities.
93
OTHER INFORMATION
Philippine Map
Public Holidays
IDD Codes & Time Differences
Conversion Factors
DLS Professional Services
Quality System
Environmental Sustainability
Development Management
International Directory of DLS Offices
5. OTHER INFORMATION
PHILIPPINE MAP
PUBLIC HOLIDAYS
2011
2012
PHILIPPINES
A. Regular Holidays
New Year’s Day
Maundy Thursday
Good Friday
Araw ng Kagitingan
Labour Day
Independence Day
100
End of Eid-ul-Fitre
(Feast of Ramadan)
National Heroes’ Day
Eid-ul Adha
Bonifacio Day
Christmas Day
Rizal Day
01
21
22
09
01
12
Jan
Apr
Apr
Apr
May
Jun
01 Jan
05 Apr
06 Apr
09 Apr
01 May
12 Jun
31
30
07
30
25
30
Aug
Aug
Nov
Nov
Dec
Dec
19 Aug
27
26
30
25
30
Aug
Oct
Nov
Dec
Dec
B. Special
(Non-Working Holidays)
Chinese New Year
Ninoy Aquino Day
All Saint’s Day
All Soul’s Day (Additional)
Last Day of the Year
21 Aug
01 Nov
31 Dec
23 Jan
21 Aug
01 Nov
02 Nov
31 Dec
)
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5. OTHER INFORMATION
PUBLIC HOLIDAYS
2011
2012
BRUNEI
New Year’s Day**
Chinese New Year
Prophet Muhammad’s
Birthday**
National day
Royal Brunei Armed Forces
Anniversary
Israk Miraj**
His Majesty’s Birthday**
First day of Ramadhan*
Anniversary of the Revelation
of the Holy Koran*
Hari Raya Aidilfitri*
Hari Raya Aidilfitri
2nd day *
Hari Raya Aidil Adha*&**
First Day of Hijrah*&**
Christmas Day**
01 Jan
03 Feb
02 Jan
23 Jan
15 Feb
23 Feb
06 Feb
23 Feb
31
29
16
01
31
18
16
21
May
Jun
Jul
Aug
May 101
Jun
Jul
Jul
17 Aug
30 Aug
06 Aug
20 Aug
31
07
28
26
21
26
15
25
Aug
Nov
Nov
Dec
Aug
Oct
Nov
Dec
Note: * Subject to change
** Replacement for Fridays and Sundays
Fridays and Sundays are government off days
INDIA
New Year’s Day
01
Jan
01
Jan
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Sankaranthi
Republic Day
Good Friday
May Day
Independence Day
Gandhi Jayanthi
INDONESIA
AP
/ Karnataka
New
Year’s Day
Formation
Day
Deepavali
Chinese New Year (Imlek)
Christmas
Prophet Muhammad’s
Birthday
Hindu Day of Quiet (Nyepi)
Good Friday
Waicak Day
102
Ascension Day of Jesus Christ
Ascension of Prophet
Mohammad*
National Independence Day
Idul Fitri*
Idul Adha Day
Hijriyah New Year
Christmas Day
* Subject to changes
14 Jan
26 Jan
22 Apr
01 May
15 Aug
022011Oct
14 Jan
26 Jan
06 Apr
01 May
15 Aug
02 2012
Oct
01
26
03
25
Jan
Nov
Oct
Feb
Dec
01
13
23
25
Jan
Nov
Nov
Jan
Dec
15
05
22
17
02
Feb
Mar
Apr
May
Jun
05
23
06
06
17
Feb
Mar
Apr
May
May
29
17
30
31
06
27
25
Jun
Aug
Aug
Aug
Nov
Nov
Dec
17
17
19
20
26
15
25
Jun
Aug
Aug
Aug
Oct
Nov
Dec
JAPAN
New Year’s Day*
Coming-of-Age Day
National Foundation Day*
Spring Equinox Day*
Day of Showa*
01
10
11
21
29
Jan
Jan
Feb
Mar
Apr
02
09
11
20
30
Jan
Jan
Feb
Mar
Apr
)
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Constitution
Memorial Day*
03 May
5. OTHER
INFORMATION
Greenery Day*
04 May
Children’s Day*
05 May
PUBLIC
Marine DayHOLIDAYS
18 Jul
Respect for Senior
2011 Sep
19
Citizens Day
CHINA Equinox Day*
Autumnal
23 Sep
Physical
Fitness
Day
10 Jan
Oct
New Year’s
Day@
01
Culture
Day*
03 Feb
Nov
Chinese
New Year’s Eve
02
Labor
Thanksgiving
23 Feb
Nov
Chinese
New Year*Day*
03
The Emperor’s Day*
Dec
0423 Feb
&
Tombs-sweeping
Day
05 holiday
Apr
* The following
Monday
is
an
alternative
Labour Day%
01 May
Dragon-boat Festival++
06 Jun
Mid Autumn Festival
12 Sep
#
National Day
01 Oct
02 Oct
03 Oct
03
04
05
16
May
May
May
Jul
172012
Sep
22 Sep
08 Oct
01
Jan
03 Nov
22
Jan
23 Nov
23
Jan
23 Dec
24
Jan
04 Apr
01 (Cont’d)
May
23 Jun 103
30 Sep
01 Oct
02 Oct
03 Oct
@ 2 - 3 January are holidays, 31 December 2011 is working day
* 25 - 28 February are holidays, 21 and 29 January
are working days
& 2 and 3 April are holidays and 31 March and 1 April are
working days
% 29 and 30 April holidays, 28 April is working day
+ 22 and 24 June are holidays.
# 4-7 October are holidays and 29 September is working day
TAIWAN
Founding Day
Lunar New Year’s Eve
Lunar New Year’s Day
2ndDay of Lunar New Year
3rdDay of Lunar New Year
01
02
03
04
05
Jan
Feb
Feb
Feb
Feb
01
22
23
24
25
Jan
Jan
Jan
Jan
Jan
H
A
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3 Day of Lunar New Year
05 Feb
25 Jan
4th Day of Lunar New Year
26 Jan
26 Feb
Public Holiday*
27 Jan
Public Holiday@
27 Feb
Peace Memorial Day
28 Feb
28 Feb
Women Day and Children’s Day
042011Apr
042012
Apr
Labour Day
01 May
01 May
HONGKONG
Dragon Boat Festival
06 Jun
23 Jun
The
first day inFestival
January
01
01
Mid-Autumn
12 Jan
Sep
30 Jan
Sep
The
dayTen
following
Double
Day the first
10 Oct
10 Oct
#
day ofHoliday
January*
02
31 Jan
Dec
Public
Lunar
New Year’s
Day to work, this03
Jan
* ndAs 4-Feb
is adjusted
day is Feb
adjusted 23
to holiday
2
04
Feb
24
Jan
@ Day of Lunar New Year
As
3-Mar
is
adjusted
to
work,
this
day
is
adjusted
to
holiday
3#rdAs
Day
of Lunar
New Year
Jan
22-Dec
is adjusted
to work, this05day isFeb
adjusted25
to holiday
Good Friday
22 Apr
06 Apr
104Chi Ming Festival
05 Apr
04 Apr
The day following
Good Friday
23 Apr
06 Apr
Easter Monday
25 Apr
09 Apr
Buddha’s Birthday
10 May
28 Apr
01 May
01 May
Labour Day
The day following Labour Day
02 May
Tuen Ng Festival
06 Jun
23 Jun
HK Returning to China,
SAR Establishment Day
01 Jul
01 Jul
The day following HKSAR
Establishment Day@
02 Jul
The day following the Chinese
Mid-Autumn Festival
13 Sep
01 Oct
01 Oct
National Day
The day following National
Day#
02 Oct
Chung Yeung Festival
05 Oct
23 Oct
25 Dec
25 Dec
Christmas Day
)
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Christmas
Day
5.
OTHER
The 1st week-day after
Christmas Day
25 Dec
INFORMATION
25
Dec
26
26
Dec
Dec
PUBLIC
HOLIDAYS
* As the Labour
Day in 2011 falls on a Sunday, the day
following will be designated as an additional holiday.
@ As the HKSAR Establishment Day in 2012 falls on a Sunday,
the day following will be designated as2011
an additional 2012
holiday.
MACAU
#
AsYear’s
the day
following Chinese Mid-Autumn
and Jan@
New
Day
01 Festival
Jan 01
Day falls
2012 fall on the same day, one additional
TheNational
First working
dayin
after
holiday
willDay
be granted following the National Day. 02 Jan#
New
Year’s
Lunar New Year’s Day
03 Feb 23 Jan
The 2nd Day of Lunar
New Year’s Day
04 Feb 24(Cont’d)
Jan
The 3rd Day of Lunar
105
New Year’s Day
05 Feb 25 Jan
Ching Ming Festival
05 Apr 04 Apr
Good Friday
22 Apr 06 Apr
The Day following Good Friday
22 Apr 07 Apr@
Easter Monday
25 Apr 09 Apr#
The Buddha’s Birthday
10 May 28 Apr
The First Working Day after the
Buddha’s Birthday
30 Apr
Labour Day
01 May 01 May
06 Jun 23 Jun
Tuen Ng Festival
The first working day after
25 Jun#
Tuen Ng Festival
Bank’s Holiday
01 Jul
02 Jul
National Day
01 Oct
01 Oct
The Day following the
National Day
02 Oct 02 Oct*
05 Oct 23 Oct
Chong Yeung Festival
All Soul’s Day
02 Nov 02 Nov
Feast of the Immaculate
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Concepcion
Feast of the Immaculate
Concepcion
Macau SAR Establishment Day
Winter Solstice
Christmas Eve
Christmas Day
MALAYSIA
Bank
Holiday
New Year’s
Day**
Eve
(afternoon)
New Year’s
Chinese
New
Year***
08
Dec
20 Dec
22 Dec
24 Dec
2011
25 Dec
01 27Jan Dec
03 27FebDec
10 Dec#
20 Dec
21 Dec
24
2012 Dec
25 Dec
#
Dec
0126 Jan
#
31
Dec
23 Jan
04
24
Feb
@ Not applicable to Bank.
Prophet Muhammad’s
#Birthday
Special Holiday granted by The15
Chief Feb
Executive05
Labour Day
01 May
01
Wesak Day
17 May
05
106King/Agong’s Birthday
04 Jun
02
Hari Raya Aidilfitri*
19
30 Aug
31 Aug
20
National Day
31 Aug
31
Malaysia Day
16 Sep
16
06 Nov
25
Hari Raya Qurban*
Deepavali*
26 Oct
13
Awal Muharram
27 Dec
15
Christmas Day
25 Dec
25
*
**
***
#
Dec@
08
Jan
Feb#
May
May
Jun
Aug
Aug#
Aug
Sep#
Oct
Nov
Nov
Dec
Subject to change
Except Johor, Kelatan, Kedah, Perlis & Terengganu
2nd Day except Kelantan & Terengganu
The following day will be an additional public holiday
PAKISTAN
Kashmir Day
Eid-e-Milad-un-Nabi
Pakistan Day
05
16
23
Feb
Feb
Mar
05
05
23
Feb
Feb*
Mar
)
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01
May
01 May
Labor Day
5. OTHER INFORMATION
Independence Day
14
Aug
14 Aug
Eid al-Fitr
End of Ramdan
31 Aug 01 Sep 19*-21 Aug
PUBLIC
HOLIDAYS
Eid ul-Azha
Feast of Sacrifice
07-09 Nov 26*-27 Oct*
2011
2012
Allama Muhammad
09
Nov
09 Nov
Iqbal Day
SINGAPORE
#
Ashoura
05-06
Dec 01
24*-25Jan
Nov
New
Year’s Day
01 Jan
Quaid-e-Azam’s
Birthday
Dec 2325 Jan
Dec
Chinese
New Year
1625 Feb
* Subject to change
Good Friday
Labour Day
Vesak Day
National Day
Hari Raya Puasa
Deepavali*
Hari Raya Haji
Christmas Day
*
#
15
22
01
17
09
30
26
06
25
Feb
Apr
May
May
Aug
Aug
Oct
Nov
Dec
24 Jan
06 Apr
01 May
05 (Cont’d)
May
09 Aug 107
19 Aug#
13 Nov
26 Oct
25 Dec
Subject to changes
The following Mondaywill be a public holiday
SOUTH KOREA
New Year’s Day
Lunar New Year (Seol)
Independent Movement
Day
Buddha’s Birthday
01
02
03
04
Jan
Feb
Feb
Feb
01
23
24
Jan
Jan
Jan
01
10
Mar
May
01
28
Mar
May
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Children’s Day
Memorial Day
Liberation Day
National Foundation Day
Full Moon Day (Chuseok)
05 May
05 May
06 Jun
06 Jun
15 Aug
15 Aug
03 Oct
03 Oct
11 Sep
29 Sep
2011
12 Sep
30 2012
Sep
THAILAND
13 Sep
01 Oct
New Year’sDay
Day
Jan 1
25 01Dec Jan 2501 Dec
Christmas
Chinese New Year*
03
Feb 23 Jan
Makha Bucha Day
18
Feb 07 Mar
Chakri Memorial Day
06
Apr 06 Apr
Songkran Festival
13-15 Apr 13-162Apr
National Labour Day
02
May 01 May
Coronation Day
05
May 07 May3
108
Royal Ploughing Ceremony Day#
13
May 09 May
Visakha Bucha Day
17
May 04 Jun
Mid Year Bank Holiday #
01
Jul 01 Jul
Asarnha Bucha Day
15
Jul 02 Aug
Khao Phansa Day
(Buddhist Lent Day)+
27
Jul 03 Aug
H.M. The Queen’s Birthday
12
Aug 13 Aug4
Chulalongkorn Day
24
Oct 23 Oct
H.M. The King’s Birthday
05
Dec 05 Dec
Constitution Day
12
Dec 10 Dec
New Year’s Eve
31
Dec 31 Dec
* Unofficial Chineses Community Only
# Banks only
+ Government only
1 - Substitute for 31 Dec 2011 (Saturday) and 01 Jan 2012 (Sunday)
2 - Substitute for 14 Apr 2012 (Saturday) and 15 Apr 2012 (Sunday)
3 - Substitute for 05 May 2012 (Saturday)
4 - Substitute for 12 Aug 2012 (Sunday)
)
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5. OTHER
VIETNAM
INFORMATION
Solar New Year
Lunar New Year
01 Jan
03-04 Feb
IDD CODES & TIME DIFFERENCES
07
Feb
Hung Vuong King Celebration
12 Apr
Liberation Day of Saigon
02 Apr
International Labour Day
03 May
National Day
02 Sep
IDD
DESTINATION
Country
Christmas Day
25 Dec
Code
# Substitute for 01 Jan (Sunday
## Substitute for 22 Jan (Sunday)
### Substitute for 31 Mar (Saturday)
Australia:
### Substitute for 31 Mar (Saturday)
Perth
61
Sydney
03 Jan#
23-25Jan
26 Jan##
02 Apr###
30 Apr
01 May
03TIME
Sep#####
Difference
25 Dec
(hours)*
0
61
+2
Bahrain
973
-5
Brunei
673
0
Toronto
1
-13
Vancouver
1
-16
China
86
0
Czech Republic
42
-7
Finland
358
-6
France
33
-7
Germany
49
-7
852
0
Canada:
Hong Kong
109
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India
91
2.5
Indonesia
62
-1
Italy
39
-7
Japan
81
+1
Korea (North)
Korea
(South)
DESTINATION
*
850
IDD
Country
82
Code
+1
TIME
Difference
+1
(hours)*
Allowance should be made for seasonal time variations
Macau
853
0
60
0
Myanmar (Burma)
95
-1.5
Netherlands
31
-7
Philippines
63
0
974
-5
Singapore
65
0
Spain
34
-7 to -8
Switzerland
41
-7
Taiwan
886
0
Thailand
66
-1
971
-4
110Malaysia
Qatar
United Arab Emirates
)
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5. OTHER INFORMATION
United Kingdom
44
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-7 to -8
United States of America:
CONVERSION FACTORS
Los Angeles
1
-16
New York
1
-13
84
-1
UNIT
Vietnam
LENGTH
10 mm
100 cm
1,000 m
= 1 cm
= 1m
= 1 km
12 in = 1 ft
3 ft = 1 yd
1,760 yd = 1 mile
AREA
10,000 m2 = 1 ha
100 ha
= 1 km 2
9 ft 2 = 1 yd 2
4,840 yd 2 = 1 acre
638 acre = 1 mile 2
VOLUME
1,000 ml
1,000 L
1,000 cm3
= 1L
= 1 m3
= 1L
0.83 gal. (UK) = 1 gal.(US)
8 pt. (US) = 1 gal.(US)
4 qt. (US) = 1 gal.(US)
MASS / FORCE
9.806 N
1,000 g
1,000 kg
16 tael
=
=
=
=
1 kg
1 kg
1 tonne
1 catty
1,000 lbs. = 1 kip
16 oz = 1 lb
2,224 lb = 1 ton
PRESSURE
1 Pa
1000 Pa
= 1 N/m2
= 1 KPa
0.068 atm = 1psi
14.5 psi = 1 bar
111
1 Mpa
= 1 N/mm2
0.01kg/cm 2 = 1 KPa
0.491 psi = 1 in. Hg
POWER
1000 w
= 1 kw
1w
= 1VA x pf*
TO IMPERIAL
550 ft-lb/sec = 1 hp
TO METRIC
(Approx)
(Approx)
TEMPERATURE
COOLING
LOAD
1 in
=
25.400 mm
112
1 ft BTU/hr
= = 130.480
12,000
TR cm
1 yd kcal/hr= = 10.914
3,024
TR m
1 mile
= = 11.609
1.5
hp
TR km
1 cm
1m
1m
1 km
=
=
=
=
1 ft2
1 yd 2
1 acre
1 mile2
1 m2
1 m2
1 ha
1 km 2
= 10.764 ft 2
= 1.196 yd2
= 2.471 acres
= 0.386 mile 2
1 pt (UK)
1 pt (US)
1 gal (UK)
1 gal (US)
1 oz
1 lb
1 ton
1 catty
1 bar
1 psf
1 psi
0.093 m2
0.836 m2
0.405 ha
2.590 km2
=
=
=
=
=
=
=
=
=
=
=
=
=
=
=
0.568 L
0.473 L
4.546 L
3.785 L
0.394 in
3.281 ft
1.094 yd
0.621 mile
1 L (UK)
1 L (US)
1 L (UK)
1 L (US)
=
=
=
=
1.760 pt
2.113 pt
0.220 gal
0.264 gal
28.350 g
0.454 kg
1.016 tonne
0.605 kg
1 gram
1 kg
1 tonne
=
=
=
0.035 oz
2.205 lb
0.984 ton
100 KPa
47.88 Pa
6.895 KPa
1 MPa
=
145 psi
1 kg/cm2 = 14.22 psi
1 KPa
= 0.295 in.Hg
)
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1 psi5. OTHER
= 6.895 INFORMATION
KPa
1 KPa
= 0.295 in.Hg
1 atm. = 101.3 KPa
1 KPa
= 20.89 psf
DLS PROFESSIONAL SERVICES
1 hp
= 0.746 kw
1 kw
= 1.340 hp
Normal Ser vi ces :
o
( F - 32) x 5/9
(oC x 9/5) + 32
¤ Preliminary cost advice and cost planning
¤ Advice on the type of contractual arrangements
to be used
¤ Advice on obtaining tenders
¤ Preparation of tendering documents
¤ Negotiation with contractors
¤ Visiting site and valuation of works in progress
¤ Assessing the cost of proposed variations
¤ Attending site and other meetings
¤ Preparation of financial statements
¤ Settlement of final cost with contractors and
sub-contractors
¤ Advice on contractors’ claims
113
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Special Services :
¤ Construction feasibility studies
¤ Budget formulation
¤ Analysis of cost/design options
¤ Cost planning
¤ Value engineering
114
¤ Cash flow evaluations
¤ Cost monitoring and/or cost control of construction
works
¤ Project management or co-ordination
¤ Reinstatement assessments for fire insurance
¤ Quantifying mechanical and electrical installation
works
¤ Quantifying civil engineering works
¤ Definition and operation of plant procurement
programmes
¤ Cost engineering
¤ Evaluation and operation of serial (maintenance)
contracts
)
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of “package” bid contracts
evaluation
¤ Financial
5. OTHER
INFORMATION
¤ Cost and contract resear ch
QUALITY
litigation
¤ Advice onSYSTEM
ISO 9001:2008
¤ Tax treatment of construction expenditure
DLS Philippines Inc. attained ISO 9001 accreditation in
in all aspects
of to ISO
¤ Research1998
and consultancy
September
then successfully
converted
construction
economics2003 and to ISO 9001:2008
9001:2000
in December
in
Januarydecoration
2010.
¤ Interior
and fitting-out works
In
addition to of
thefixed
Quantity
Surveying Services, DLS
¤ Preparation
asset registers
Philippines Inc. was also certified for ISO 9001: 2008
¤ Environmental
for
the following: certification
a) Development Management Consultancy
Services for Building and Engineering 115
Sector; and
b) Envrionmental Sustainability
Consultancy Services for Building and
Engineering Sector
DLS Philippines Inc. recognises the importance of
Quality Assurance especially in a country where
Quantity Surveying is not a well recognized profession
and quality service is of paramount importance. The
establishment of a standard quality control system for
all aspects of the services being provided, coupled with
our in-house staff training programmes, ensures that
DLS Philippines continues to provide the best
services available to our clients.
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QUALITY SYSTEM
ISO 14001:2004 + Cor. 1:2009
ENVIRONMENTAL HEALTH AND SAFETY
DLS Philippines Inc. has successfully achieved
accreditation for ISO 14001 in April 2011, certified by
TUV Rheinland – a highly respected certification body
with a worldwide network and recognition and
accreditation in every region of the world.
ISO 14001 is globally accepted as the management
system standard for Environmental Management
116System which provides companies and organisations
with a flexible framework for the voluntary development
of environmental protection measures wherever they
may be based.
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5. OTHER INFORMATION
ENVIRONMENTAL SUSTAINABILITY
Overview of Leadership in Energy & Environmental
Design (LEED)
The U.S. based Leadership in Energy & Environmental
Design (LEED) Green Building System is a voluntary
third-party rating system in which credits are earned for
satisfying specified green building criteria. Projects are
evaluated within six environmental categories.
•
•
•
•
•
•
Sustainable Sites
Water Efficiency
Energy & Atmosphere
Materials & Resources
Indoor Environmental Quality
Innovation & Design
117
Certified, Silver, Gold and Platinum levels of green
building certification are awarded based on the total
points earned.
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Professional Services
118
Pre Design
Integrated sustainable design consulting ensures
available opportunities are recognized and explored
•
•
Assist in team selection
Evaluate project-specific opportunities and
challenges based on target LEED
•
Create project-specific green guidelines
Design
Team members works closely and effectively to wards a
green solution.
•
Create sustainable design checklist including
•
schedule and design implications
Thoroughly evaluate design at key stages and
provide detailed instructions to the design team
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•
•
provide
detailed instructions
to the design team
5. OTHER
INFORMATION
Monitor design team responsibilities
Coordinate cost analysis with sustainable design
goals
ENVIRONMENTAL SUSTAINABILITY
• Liaise with USGBC
• Assist andServices
compile LEED documentation for
Professional
certification
Construction
•
•
•
•
•
Provide pre-bid conferences and contractor training
Assist during construction, including submittals and
progress reports
Monitor the implementation of green guidelines or
green site conditions
Liaise with USGBC
119
Assist and compile LEED documentation for
certification
Operations
•
Perform post-occupancy project audits - lessons
Being part of LEED
Global Linkage
Davis Langdon & Seah (Phils) Inc. is a member of US
Green Build-ing Council (USGBC) and the Philippine
Green Building Council (PGBC).
Our environmental sustainability services employed
highly skilled Leadership in Energy & Environmental
Design - Accredited Professionals (LEED-®AP),
certified Building for Ecologically Responsive Design
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Excellence (BERDE) Professionals and highly qualified
Energy Modeller.
Green Building Facts
•
An Up-front investmentof
5-7% in green building
design, on average, results
in life cycle savings of 20%
of the total construction cost.
120 Source: The Costs and Financial Benefits of Green
Buildings: A report to California’s sustainable
Building Task Force, October 2003.
•
•
•
•
•
Operating cost decrease 8-9%
Building value increase 7.5%
Return on investment improved 6.6%
Occupancy ratio increase 3.5%
Rent ratio increases 3%
Source: McGraw Hill Construction, Greening of
Corporate America SmartMarket Report, 2007.
•
•
•
•
Green buildings consume less energy and fewer
resources
Green buildings consume 15-20% average less
energy than conventional buildings
Green buildings save, on average, 40% of
drinkable / potable water
Corporate perception of whether green fosters
innovation: 57% agree; 28% neutral and 15%
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5. OTHER
disagree.
INFORMATION
Source: McGraw Hill Construction, Greening of
Corporate America SmartMarket Report, 2007.
DEVELOPMENT MANAGEMENT
OUR APPROACH
We provide advice and consulting services at strategic,
policy and operational levels, concentrating on three key
areas:
·
·
·
Project Feasibility
Project Set-up
Project Delivery
121
Our multidisciplinary team is skilled in change
management, process improvement, procurement,
sustainability, economics, market analysis and
research.
In everything we do, we are committed to creating value
for our clients by:
·
·
·
·
Working collaboratively with them
Developing a deep understanding of their needs
and aspirations
Providing tailor-made solutions
Being accessible and responsive
PROJECT MANAGEMENT
Integrated Project Management is based on four
distinctive phases in the project life cycle:
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1. Business Needs and Project Inception
In the early stages of a project, Davis Langdon & Seah
creates the conditions for success by defining a set of value
drivers based on an understanding of all stakeholder
We consider needs, identify risk and can assist with
interests and requirements.
business planning. Where appropriate, we assist with
the production of feasibility and cost estimates, the
development of master plans, option appraisals,
overseeing of site acquisitions, management of
planning consents and advice on funding strategies.
We work with clients to manage the appointment of
suitable consultants, including the agreement of
services and fees.
1222. Project Strategy & Development
At the early development stage we compile strategic
and design briefs and produce an overall project
execution plan. We oversee the production of costs to
agree budgets and provide a detailed master programme
for project delivery.
We recommend the most appropriate procurement
strategy and manage the selection of the best value
construction team. We provide a single point of
con-tact for the client when dealing with third parties,
contractors and suppliers.
3. Project Control & Delivery
Prior to commencing, we make sure that a
commercially viable solution has been agreed, that all
contracts are administered in the correct form and that
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5. OTHER
INFORMATION
set up systems and processes to enable the sharing of
information, management of change and identification
of potential risks to successful project delivery.
We
monitor quality,
timeManagement
and costs and provide
4.
Commissioning
& Asset
leadership to the team, resolving issues, liaising with
thirdthe
parties,
reporting
agreed
with
In
final and
stages
of on
the progress
project,aswe
oversee
the client.
commissioning,
agree completion, settle final accounts
and enable the smooth transition of the asset through to
ongoing management.
Post-handover, we instigate project reviews and feed
lessons learned to the client for future
123
PLANNING
The planning and programming team is a
multi-functional group of professionals who are dedicated
to the primary management requirement of planning and
programming. Our approach is to assist in controlling
progress, not simply monitoring it.
Benefits
Professional planning and programming
·
·
·
·
Enhances management’s understanding of progress
and assists trade-offs and decision making
Reduces uncertainty in project completion deadlines
Avoids costly time overruns
Provides expert advice that designers and clients
understand
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·
Gives high quality clear outputs that make a real
contribution to project success
Enables corrective action advice to mitigate
programme slippages and variations
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC
PHILIPPINES
MANILA
DAVIS LANGDON & SEAH PHILIPPINES INC.
4th Floor & 7th Floor
Kings Court 1
2129 Pasong Tamo
Makati City 1231
GPS
: 14.5576, 121.0135
124
Tel No. : (63 2) 811 2971
Fax No. : (63 2) 811 2071
Email
: manila@dls.com.ph
Contact : Alan Philip Hearn
BRUNEI
BANDAR SERI BEGAWAN
DAVIS LANGDON & SEAH
JURUUKUR BAHAN UTAMA - DLS
Unit 25, BT Complex, Kg. Jaya Setia
Mukim Berakas ‘A’ BB2713
Bandar Seri Begawan BS8670
Negara Brunei Darussalam
GPS
: 4.9394, 114.9377
Tel No. : (00 673 ) 233 2833
Fax No. : (00 673 ) 233 2933
Email
: dlsbsb@dls.com.bn
Contact : Justin Teoh / Shafie Yusof
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5. OTHER
KUALA
BELAIT INFORMATION
PETROKON UTAMA SDN BHD
3rd Floor, Hong Kong Bank Chambers
INTERNATIONAL
DIRECTORY OF OFFICES
Jalan
McKerron
P O Box 811
Kuala
Belait KA(Continued)
1131
ASIA PACIFIC
Negara Brunei Darussalam
GPS
CHINA : 4.58416, 114.1916
Tel No. : (00 673) 3335 718
Fax
No. : (00 673) 3335 717
BEIJING
Email
: pusbkb@pusbbrunei.com.bn
DAVIS LANGDON
& SEAH (BEIJING)
Contact
:
Shafie
Yusof
CONSTRUCTION CONSULTANTS CO. LTD
Suite 1225 - 1238 Junefield Plaza
Central Tower South
10, Xuan Wu Men Wai Street
Beijing 100 052, China
GPS
: 39.8899, 116.3683
Tel
: (00 86 10) 6310 1136
Fax
: (00 86 10) 6310 1143
Email
: dlsbj@dlsbj.com
Contact : Chan Chi Keung, Andrew
CHENGDU
DAVIS LANGDON & SEAH
CONSULTANCY(CHENGDU) CO. LTD.)
Room 807, Block A, Times Plaza
No. 2 Zongfu Road
Chengdu, Sichuan Province 610 016, China
GPS
: 30.6566, 104.0761
Tel
: (00 86 28) 8671 8373
Fax
: (00 86 28) 8671 8535
Email
: dlscd@dlscd.com
Contact : Chan Hoi Or, Joe
(Cont’d)
125
CHONGQING
DAVIS LANGDON & SEAH CHINA LIMITED
CHONGQING REPRESENTATIVE OFFICE
Room 3408, International Trade Centre
38, Qing Nian Road, Central District
Chongqing 400010, China
GPS
: 49.5588, 106.5708
Tel
: (00 86 23) 8655 1333
Fax
: (00 86 23) 8655 1616
Email
: dlscq@dlscq.com
Contact : Chan Hoi Or, Joe / Lin Wai Yip, Gary
126
DALIAN
DAVIS LANGDON & SEAH (BEIJING)
CONSTRUCTION CONSULTANTS CO LTD.
DALIAN BRANCH
Unit 07, 32F, Xiwang Tower
136 Zhongshan Road, Zhongshan District
Dalian, Liaoning Province, 116001
China
GPS
: 38.9148, 121.6309
Tel
: (00 86 411) 8800 8018
Fax
: (00 86 411) 8800 8823
Email
: dlsdalian@dlsdalian.com
Contact : Ng Kin Kan, Kenn
FOSHAN
DAVIS LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO. LTD. FOSHAN BRANCH
Unit 1803 Room 2, 18/F Hua Hui Mansion
46 Zu Miao Road
Foshan Guangdong Province, 528 000
China
GPS
: 23.0458, 113.1853
Tel
: (00 86 757) 8203 0028
Fax
: (00 86 757) 8203 0029
Email
: dlsgz@dlsgz.com
Contact : Wong Wing Cheung, Jack
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GUANGZHOU
DAVIS LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO. LTD GUANGZHOU BRANCH
Unit 2711 – 2713 & 2718, Bank of America Plaza
555 Ren Min Zhong Road
Guangzhou, Guangdong Province, 510 145
China
GPS
: 23.2053, 113.4224
Tel
: (00 86 20) 8130 3813
Fax
: (00 86 20) 8130 3812
Email
: dlsgz@dlsgz.com
Contact : Wong Wing Cheung, Jack
(Cont’d)
127
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC (Continued)
HANGZHOU
DAVIS LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO. LTD. HANZHOU BRANCH
Room 2305 WinNing International
100 Min Xin Road
Hangzhou, Zhejiang Province
310016, China
GPS
: 30.2510, 120.2171
Tel
: (00 86 571) 2829 7766
Fax
: (00 86 571) 2829 7622
Email
: dlshz@dlshz.com
Contact : Lai Pak Hung
HONGKONG
DAVIS LANGDON & SEAH HONG KONG LIMITED
DAVIS LANGDON & SEAH CHINA LIMITED
DLS MANAGEMENT LIMITED
38/F Two Landmark East
100 How Ming Street, Kwun Tong, Kowloon
Hong Kong
GPS
: 22.3125, 114.2223
Tel
: (00 852) 2830 3500
Fax
: (00 852) 2576 0416
Email
: dlshk@dlshk.com
Website : www.dlsqs.com
Contact : Lee Ying Kee, Joseph
MACAU
DAVIS LANGDON & SEAH MACAU LIMITED
14 Andar B
Edifacio Commercial Rodrigues
599 Avenida da Praia Grande
Macau
GPS
: 22.3211, 113.9019
Tel
: (00 853) 2833 1710
Fax
: (00 853) 2833 1532
Email
: dlsma@dlsma.com
Contact : Chan Yuk Sim, Katherine
128
SANYA
DAVIS LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO LTD SANYA BRANCH
1206, Skyline Tower, 119 Yingbin Road
Sanya, Hainan Province
572000 China
GPS
: 18.4214, 109.8531
Tel
: (00 86 898) 3828 0878
Fax
: (00 86 898) 3828 0678
Email
: dlssz@dlssz.com
Contact : Lee Kwok Wing, Dickey
SHANGHAI
DAVIS LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD
Room 1582, Tower B
City Centre of Shanghai 100 Zun Yi Road
Shanghai 200 051
China
GPS
: 31.2045, 121.4041
Tel
: (00 86 21) 6091 2800
Fax
: (00 86 21) 6091 2999
Email
: dlssh@dlssh.com
Contact : Lai Pak Hung
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SHENYANG
DAVIS LANGDON & SEAH (BEIJING)
CONSTRUCTION
CONSULTANTS CO LTD SHENYANG BRANCH
Room 8-9, 11/F, E Tower of Fortune Plaza
59 Beizhan Road, Shenhe District
Shenyang City, Liaoning Province
110 013 China
GPS
: 41.8145, 123.4359
Tel
: (00 86 24) 3128 6678
Fax
: (00 86 24) 3128 6983
Email
: dlssy@dlssy.com
Contact : Kwok Hiu Larm, Frank / Chow Hau Ming,
Simon
(Cont’d)
129
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC (Continued)
SHENZHEN
DAVIS LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO. LTD
Room E & F, 42/F
World Finance Centre, Block A
4003 East Shennan Road
Shenzhen Guangdong Province
518 001 China
GPS
: N/A
Tel
: (00 86 755) 8269 0642
Fax
: (00 86 755) 8269 0641
Email
: dlssz@dlssz.com
Contact : Lo Kwok Chu, Kenneth
SUZHOU
DAVIS LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD SUZHOU BRANCH
Room 1606 Centuray Financial Tower
1 Suhua Road, Industrial Park
Suzhou, Jiangsu Province
215021 China
GPS
: 331.3157, 120.6751
Tel
: (00 86 512) 8777 5599
Fax
: (00 86 512) 8777 5600
Email
: dlssu@dlssu.com
Contact : Lai Pak Hung / Zhang Rui
TIANJIN
DAVIS LANGDON & SEAH CONSULTANCY
CO LTD TIANJIN BRANCH
4002, 40/F
Tianjin World Financial Centre Office Tower
No.2 Dagubei Road,
He Ping District, Tianjin 300 020, China
GPS
: N/A
Tel
: (00 86 22) 2329 9611
Fax
: (00 86 22) 2319 3186
Email
: dlstj@dlstj.com
Contact : Won Ching Ying
130
WUHAN
DAVIS LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD WUHAN BRANCH
Room B, 5th Floor, 2-1 Building, Wuhan Tiandi
68 Lu Gou Qiao Road
Wuhan City, Hubei Province 430 010,
China
GPS
: 31.2366, 114.6386
Tel
: (00 86 27) 5920 9299
Fax
: (00 86 27) 5920 9298
Email
: dlswh@dlswh.com
Contact : Lee Kwok Wing, Dickey
INDIA
BANGALORE
DAVIS LANGDON & SEAH CONSULTING INDIA
PRIVATE LIMITED
3rd Floor, Raheja Chancery
133 Brigade Road
Bangalore 560 025
India
GPS
: N/A
Tel
: (00 91 80) 4123 9141
Fax
: (00 91 80) 4123 8922
Email
: dlsindia@dls.co.in
Contact : Jim Pollock / Lorimer Doig
Velan Murali / Biju AK
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CHENNAI
DAVIS LANGDON & SEAH CONSULTING INDIA
PRIVATE LIMITED
New No. 125 (Old No. 63),
Jammi Building, 1st Floor
Royapettah High Road, Mylapore
Chennai 600 004
India
GPS
: N/A
Tel
: (00 91 44) 2498 8141
Fax
: (00 91 44) 2498 8137
Email
: dlsindia@dls.co.in
Contact : Jim Pollock / Lorimer Doig
Sankar Ramkrishnan
(Cont’d)
131
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC (Continued)
DELHI
DAVIS LANGDON & SEAH CONSULTING INDIA
PRIVATE LIMITED
The Elements, 2nd Floor, Unit No. 465
Udyog Vihar, Phase-V
Gurgaon, Haryana 122 016
India
GPS
: N/A
Tel
: (00 91 124) 4430 8790
Fax
: (00 91 124) 4430 8793
Email
: dlsindia@dls.co.in
Contact : Jim Pollock / Lorimer Doig
Arun Basu
HYDERABAD
DAVIS LANGDON & SEAH CONSULTING INDIA
PRIVATE LIMITED
2nd Floor Trade Fair Office,
Hitex Exhibition Center
Izzat Nagar, Hyderabad 500 084
India
GPS
: N/A
Tel
: (00 91 40) 2311 4942
Fax
: (00 91 40) 2311 2942
Email
: dlsindia@dls.co.in
Contact : Jim Pollock / Lorimer Doig
Ramamurthi Karthikeyan
PUNE
DAVIS LANGDON & SEAH CONSULTING INDIA
PVT LTD
Office No. 02/!, “Arvind” Apartment
First Floor, CTS 1130/1, Survey No. 93
Fergusson College Road
Near Dyaneshwat Paduka Chowk
Shviagnagar, Pune -411 005, India
GPS
: N/A
Tel
: (00 91 20) 2551 4980
Fax
: N/A
Email
: N/A
Contact : Jim Pollock / Lorimer Doig / Darshan Joshi
132
MUMBAI
DAVIS LANGDON & SEAH CONSULTING INDIA
PRIVATE LIMITED
No. 1204/5/6, Marithili’s Signet
Plot No. 39/4, Sector 30A
Vashi, Navi Mumbai 400 7003
India
GPS
: N/A
Tel
: (00 91 22) 4156 8686
Fax
: (00 91 22) 4156 8615
Email
: dlsindia@dls.co.in
Contact : Jim Pollock / Lorimer Doig / Darshan Joshi
INDONESIA
BALI
PT DAVIS LANGDON & SEAH INDONESIA
Jalan Sunset Road No 8C
Lingkungan Abian Base
Bali 80361, Indonesia
GPS
: N/A
Tel
: (00 62 361) 894 7517
Fax
: (00 62 361) 894 7392
Email
: dlsbali@dls.co.id
Contact : Ir. Putu Arya Canti
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JAKARTA
PT DAVIS LANGDON & SEAH INDONESIA
Jalan Jenderal Sudirman 9
Level 18 Datu Plaza Office Tower
Jakarta 10270
Indonesia
GPS
: N/A
Tel
: (00 62 21) 739 7550
Fax
: (00 62 21) 739 7846
Email
: dlsjkt@dls.co.id
Contact : Peter Robinson / Stephen Osborne
(Cont’d)
133
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC (Continued)
KOREA
SEOUL
DAVIS LANGDON & SEAH KOREA CO LTD
#429 G-Five Central Plaza
1685-8 Seocho 4-Dong
Seocho-Gu, Seoul
Korea 137-882
GPS
: 37.4953, 127.0164
Tel
: (00 82 2) 543 3888
Fax
: (00 82 2) 543 3898
Email
: dlsk@dlskorea.com / DLSKorea@dls.com.sg
Contact : Goh Chok Sin / Victor Stanger
MALAYSIA
JOHOR
DAVIS LANGDON & SEAH (MALAYSIA) SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
47, Jalan Setia Tropika 1/30
Taman Setia Tropika, 81200 Johor Bahru
Johor Darul Takzim, Malaysia
GPS
: 1.5423, 103.7112
Tel
: (00 60 7) 232 8300
Fax
: (00 60 7) 232 8232
Email
: jubmjb@dlsjubm.com.my
Contact : Syed Mahadzir Syed Ahmad
PENANG
DAVIS LANGDON & SEAH (MALAYSIA) SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
Suite 3A-3, Level 3A, Wisma Great Eastern
No. 25, Lebu Light
10200 Penang, Malaysia
GPS
: 5.4201, 100.3408
Tel
: (00 60 4) 264 2071 / 2072 / 2073
Fax
: (00 60 4) 264 2068
Email
: penangoffice@dlsjubm.com.my
Contact : Mohd Faiz Awang
134
SABAH
DAVIS LANGDON & SEAH (MALAYSIA) SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
Suite 8A, 8th Floor, Wisma Pendidikan
Jalan Padang, P O Box 11598
88817 Kota Kinabalu
Sabah, Malaysia
GPS
: 5.9783, 116.0761
Tel
: (00 60 88) 223 369
Fax
: (00 60 88) 216 537
Email
: jubmkk@dlsjubm.com.my
Contact
: Ang Kun Eng
SARAWAK
JUBM SDN BHD
No. 2, (3rd Floor) Jalan Song Thian Cheok
93100 Kuching
Sarawak, Malaysia
GPS
: N/A
Tel
: (00 60 82) 232 212
Fax
: (00 60 82) 232 198
Email
: kuching@dlsjubm.com.my
Contact : Nor Azman Bin Baharum
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SELANGOR
DAVIS LANGDON & SEAH (MALAYSIA) SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
2, Jalan PJU 5/15, Kota Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS
: 3.1527, 101.5918
Tel
: (00 60 3) 6156 9000
Fax
: (00 60 3) 6157 8660
Email
: info@dlsjubm.com.my
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Mohd Faiz Awang /
Nur Aziz Abu Bakar
(Cont’d)
135
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC (Continued)
SARAWAK
JUBM SDN BHD
No. 2, (3rd Floor) Jalan Song Thian Cheok
93100 Kuching
Sarawak, Malaysia
GPS
: N/A
Tel
: (00 60 82) 232 212
Fax
: (00 60 82) 232 198
Email
: kuching@dlsjubm.com.my
Contact : Nor Azman Bin Baharum
SELANGOR
DAVIS LANGDON & SEAH (MALAYSIA) SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
2, Jalan PJU 5/15, Kota Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS
: 3.1527, 101.5918
Tel
: (00 60 3) 6156 9000
Fax
: (00 60 3) 6157 8660
Email
: info@dlsjubm.com.my
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Mohd Faiz Awang / Nur Aziz Abu Bakar
PAKISTAN
KARACHI
DAVIS LANGDON & SEAH PAKISTAN PTE LTD
18C, Nishat Commercial Lane 4
Khayaban-e-Bukhari, Phase 6, DHA
Karachi 75500, Pakistan
GPS
: 24.8002, 67.0702
Tel
: (00 9221) 3524 0191-94
Fax
: (00 9221) 3524 0195
Email
: info@dls.com.pk
Contact : Nur Aziz Abu Bakar / Shoaib Iqbal
136
SINGAPORE
DAVIS LANGDON & SEAH SINGAPORE PTE LTD
DAVIS LANGDON & SEAH PROJECT
MANAGEMENT PTE LTD
DLS CONTRACT ADVISORY & DISPUTE
MANAGEMENT SERVICES
1 Magazine Road, #05-01 Central Mall
Singapore 059567
GPS
: N/A
Tel
: (65) 6222 3888
Fax
: (65) 6224 7089
Email
: dlsp3@dls.com.sg
Contact : Jim Pollock / Goh Chok Sin /
Eugene Seah
THAILAND
DAVIS LANGDON & SEAH (THAILAND) LTD
LECE (THAILAND) CO LTD
10th Floor, Kian Gwan Building II
140/1 Wireless Road, Lumpini, Pratumwan
Bangkok 10330, Thailand
GPS
: 13.734969, 100.545448
Tel
: (00 66 2) 253 1438 , 651 4120-2
Fax
: (00 66 2) 253 4977
Email
: general@dls.co.th
Contact : Leong Choong Peng / Ang Yen Kooi /
Wong Soon Bin
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(Cont’d)
137
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
VIETNAM
HANOI
DAVIS LANGDON & SEAH VIETNAM CO LTD
4th Level Thanh Dong Building
132-138 Kim Ma Street,
Ba Dinh District, Hanoi, Vietnam
GPS
: 21.0320, 105.8263
Tel
: (00 844) 3942 7525
Fax
: (00 844) 3942 7526
Email
: dlsvietnam@dls.com.sg
Contact : Mark Olive
HO CHI MINH CITY
DAVIS LANGDON & SEAH VIETNAM CO LTD
9th Level Unit E-VTP Building
08 Nguyen Hue, District 1
Ho Chi Minh City, Vietnam
GPS
: 10.7727, 106.7051
Tel
: (00 844) 3942 7525
Fax
: (00 844) 3942 7526
Email
: dlsvietnam@dls.com.sg
Contact : Mark Olive
138
NORTH AFRICA
EGYPT
CAIRO
DAVIS LANGDON EGYPT LLC
Ground Floor, Corner Road
23/El Sharifa Dina Street
Building 13, Maadi
Helwan, Egypt
GPS
: N/A
Tel No. : (00 20 2) 27 508 145
Fax No. : (00 20 2) 27 508 146
Email
: cairooffice@davislangdon.com
Contact : Kevin Sims / Chris du Toit
AUSTRALASIA
A USTRA L IA
MELBOURNE
DAVIS LANGDON
Level 45, 80 Collins Street
Melbourne Victoria 3000
Australia
GPS
: -37.8104, 144.9587
Tel No. : (00 61 3) 9933 8800
Fax No. : (00 61 3) 9933 8801
Email
: melb@davislangdon.com.au
Contact : Bob Hunt
Also at
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: Adelaide, Brisbane, Cairns, Canberra,
Darwin, Hobart, Perth, Sydney and
Townsville
NEW ZEAL AND
AUCKLAND
DAVIS LANGDON NEW ZEALAND LTD.
Level 10, Citigroup Centre
23 Customs Street East
P O Box 935, Auckland 1140, New Zealand
GPS
: -36.8450, 174.7676
Tel No. : (00 64 9) 379 9903
Fax No. : (00 64 9) 309 9814
Email
: auck@davislangdon.co.nz
Contact : Chris Sutherland
Also at
: Wellington and Christchurch
(Cont’d)
139
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
EUROPE
UNITED KINGDOM
LONDON
DAVIS LANGDON
DAVIS LANGDON BANKING TAX & FINANCE
DAVIS LANGDON ENGINEERING SERVICES
DAVIS LANGDON SCHUMANN SMITH
SPECIFICATION CONSULTING
DEGW (PART OF DAVIS LANGDON)
MidCity Place, 71 High Holborn
London WC1V 6QS, United Kingdom
GPS
: N/A
Tel No. : (00 20) 7061 7000
Fax No. : (00 20) 7061 7061
Email
: jeremy.horner@davislangdon.com
Website : www.davislangdon.com
Contact : Jeremy Horner
Also at
: Birmingham, Bristol, Cambridge, Cardiff,
Edinburgh, Glasgow, Heathrow, Leeds,
Liverpool, Maidstone, Manchester, Norwich,
Oxford, Petersborough, Plymouth and
Southampton.
GERMANY
MUNICH
DEGW (PART OF DAVIS LANGDON)
Heimeranstrasse. 37
80339 Munich, Germany
GPS
Tel No.
Fax No.
Email
Contact
: N/A
: (00 49 89) 452 33 83-0
: (00 49 89) 452 33 83-99
: apraus@degw.com
: Axel Praus
140
IRELAND
DUBLIN
DAVIS LANGDON
24 Lower Hatch Street
Dublin 2, Ireland
GPS
: N/A
Tel No. : (00 353 1) 676 3671
Fax No. : (00 353 1) 676 3672
Email
: dlpks@dlpks.ie
Website : www.dlpks.ie
Contact : Norman Craig
Also at
: Cork, Galway and Limerick
ITALY
MILAN
DEGW (PART OF DAVIS LANGDON)
Via Lombardini, 22
20143 Milano, Italia
GPS
: N/A
Tel No. : (00 39 02) 541 01 343
Fax No. : (00 39 02) 599 02 213
Email
: fguidi@degw.com
Contact : Franco Guidi
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NETHERLANDS
AMSTERDAM
DEGW (PART OF DAVIS LANGDON)
Herengracht 124 - 128
1015 BT Amsterdam
Netherlands
GPS
: N/A
Tel No. : (00 31 6) 5364 8131
Email
: slardot@degw.com
Contact : Salla Lardot
(Cont’d)
141
5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
EUROPE (Continued)
SPAIN
MADRID
DAVIS LANGDON
Calle Serrano, 98-2nd Floor
28006 Madrid, Spain
GPS
: N/A
Tel No. : (00 34 91) 431 02 90
Fax No. : (00 34 91) 576 92 21
Email
: jon.blasby@davislangdon.com
Contact : Jon Blasby
MIDDLE EAST
BAHRAIN
MANAMA
DAVIS LANGDON
Al Saffar House, Unit 22B, Bldg No. 1042
Block 436, Road 3621, Seef District
P O Box 640, Manama
Kingdom of Bahrain
GPS
: 26.2361, 50.5326
Tel No. : (00 973 17) 588 796
Fax No. : (00 973 17) 581 288
Email
: bahrainoffice@davislangdon.com
Contact : Donn O’Shaughnessy
LEBANON
BEIRUT
BEIRUT
DAVIS LANGDON LEBANON
1st Floor, Chatilla Building
Australia Street
Rawche, Shouran
P O Box 13-5422 - Shouran
Beirut, Lebanon
GPS
: 33.8894, 35.4738
Tel No. : (00 96 11) 780 111
Fax No. : (00 96 11) 809 045
Email
: beirutoffice@davislangdon.com
Contact : Muhyiddin Itani
142
QATAR
DOHA
DAVIS LANGDON
Salwa Commercial Complex Bldg.
1st Floor, Behind Al Seal Bldg., Salwa Road
P. O. Box 3206, Doha
State of Qatar
GPS
: 25.2574, 51.4872
Tel No. : (00 974) 458 0150
Fax No. : (00 974) 469 7905
Email
: steven.humphrey@davislangdon.com
Contact : Steven Humphrey
UNITED ARAB EMIRATES (UAE)
DUBAI
DAVIS LANGDON
Level 7, Building C/P 54
Dubai Healthcare City,
P.O. Box 7856
Dubai, United Arab Emirates
GPS
: 25.2315, 55.3213
Tel No. : (00 971 4) 324 3690
Fax No. : (00 971 4) 324 3691
Email
: dubaioffice@davislangdon.com
Contact : Steven Coates
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Also at Abu Dhabi.
(Cont’d)
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5. OTHER INFORMATION
INTERNATIONAL DIRECTORY OF OFFICES
NORTH AMERICA
UNITED STATES OF AMERICA
LOS ANGELES
DAVIS LANGDON
301 Arizona Avenue, Suite 301
Santa Monica
California 90401, USA
GPS
: N/A
Tel No. : (00 1 310) 393 9411
Fax No. : (00 1 310) 393 7493
Email
: nbuthcer@davislangdon.us
Contact : Nicholas Butcher
Also at
: Boston, Honolulu, New York, Philadelphia,
San Francisco, Sacramento, Seattle and
Washington, DC.
144