Real Estate

"Optimizing Office Productivity with Effective Time Management"

VIJAY AGRAWAL highlights how construction organisations are adopting and building strong value systems in their organisations to deal with vendors, employees and labourers. Organisations that are built on values sustain for longer times. Such organisations ...

VIJAY AGRAWAL highlights how construction organisations are adopting and building strong value systems in their organisations to deal with vendors, employees and labourers. Organisations that are built on values sustain for longer times. Such organisations have strong corporate governance structure. They follow fair dealing rules and take care of their employees and shareholders.  Construction is a complex sector that requires dealing at various levels in the government. Many construction organisations have adopted and built strong value systems in their organisations. These value systems are being followed in dealing with vendors, employees, labourers, etc. Quality The topmost value system to be followed by a construction company is quality of work. Indian construction companies have started to the focus on quality construction by management. Today, they have adopted global quality standards while executing works. They are adopting digital technologies to monitor construction quality. These companies have formed internal independent groups that monitor the quality of work executed. This has helped construction companies deliver high quality of work done. Many companies are using latest technologies such as drones to monitor construction quality. Project timelinesThe timely delivery of work is the second topmost priority in the construction sector. We have witnessed abnormal delays in execution of projects in the past. Construction companies are now focusing on timely delivery of projects by using latest construction equipment. They are also using software such as Trimble, MS Projects, among others, to monitor work progress. The in-house planning department has become an important division. Many companies are also using 3D software to assess construction sites, project execution plans, equipment planning, material procurement planning, etc. This helps in better planning and execution of projects. And so, several companies are delivering projects before time and earning early completion bonus from authorities. Thus, by timely delivery of projects, these companies are building an important value system internally.Employee and labour welfareMany construction companies provide good housing and food facilities at their construction sites. This helps motivate the employees and labour force, in turn increasing productivity. Many companies are following incentive systems for employee retention. Companies are also focusing on upskilling and reskilling of employees, which help increase productivity. Financial disciplineMany construction companies such as KNR Constructions, PNC Infratech, GR Infrastructure, KCC Buildcon, HG Infra, to name a few, are focusing on financial discipline. In contraction, in the past, many other companies have not followed financial discipline and are struggling today. The new-age companies are making timely payment to vendors and getting timely payment from authorities. NHAI has followed a financial discipline in payment to contractors. It is known that NHAI nowadays makes payment within a few days from the submission of bills by following proper process. NHAI has also adopted latest technologies to monitor the progress of projects, which helps them release payments in time. NHAI has also made it mandatory for drone recordings in many categories of projects.In conclusion Evidently, building value will create a suitable organisation structure, which will take the organisation to the next level, for longer time. Such organisations will not be dependent on promoters and will in itself create a suitable and sustainable path for itself.About the author: Vijay Agrawal, Executive Director, Equirus Capital, heads its Infrastructure and Real Estate Practice. He has more than 25 years of professional experience and is associated with various professional and industrial organisations for knowledge sharing and sector development.

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Building Material

Beyond Basics: Unique Ideas for Using Distemper Paint Colours in Your Home

Rohit and Nisha had just moved into their first rented apartment in Pune. The place had everything they wanted. Great sunlight, a tiny balcony, and affordable rent. But the walls? A dull, ugly and patchy beige that made even their colourful paintings look tired. “Let’s colour the walls,” Nisha said enthusiastically. Rohit looked at her with a calculator in hand. “You mean spend half our salary on emulsions?”Just then, their neighbour popped in and said, “I have been using distemper paint on walls for years. It is affordable, looks good, and you can wipe it clean when your friends s..

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Infrastructure Energy

REC Approves Rs 75 billifor Brookfield’s Hybrid Energy Project

The Rural Electrification Corporation (REC) Ltd, a Maharatna non-banking finance company, has sanctioned Rs 75 billion for Brookfield’s 1,040 MW hybrid renewable energy project in Kurnool district — its largest-ever funding to a private-sector venture.Developed by Evren, a joint venture between Brookfield (51.49 per cent) and Axis Energy, the Rs 99.1 billion project integrates 640 MW of wind and 400 MW of solar power with battery storage. It is India’s first Firm and Dispatchable Renewable Energy (FDRE) project featuring state-level grid connectivity and a dedicated power purchase agreem..

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Infrastructure Transport

Oswal Energies, Deendayal Port Partner for Green Hydrogen Project

Oswal Energies and the Deendayal Port Authority (Kandla-Gandhidham) have signed a memorandum of understanding (MoU) to jointly develop green hydrogen, green methanol, green ammonia, and a 100 million litres per day (MLD) desalination plant under the National Green Energy Initiative.The Government of India has identified Deendayal Port as one of the strategic hubs for green energy infrastructure. The collaboration aims to strengthen the port’s role in advancing sustainable energy systems, supporting India’s net-zero and energy security goals.Under the MoU, Oswal Energies will lead the devel..

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