The role of private sector for reducing disaster risk in large scale infrastructure and real estate development: Case of Delhi

2015 ◽  
Vol 14 ◽  
pp. 238-255 ◽  
Author(s):  
Garima Jain
Author(s):  
Adyathan Dasyapu ◽  
Greeshmika Nagubilli ◽  
Jayanth V Kutcharlapati ◽  
Hari Prasad Guntuku ◽  
Shruti S Nagdeve

Purpose: Engineering, procurement, and construction (EPC) contracts are on their way to becoming the most common type of contract used by the private sector for large-scale infrastructure projects. Every project requires a strong relationship between all of the experts participating in EPC projects and the client. This relationship must be solidly established by an architect; otherwise, the project may fail for all parties involved, including the client, contractor, lenders, government, and others. The purpose of this study is to identify if the working of the EPC contracts is favourable for the architectural profession, and to identify the way in which the working could be improved. Methodology: A qualitative approach was applied to analyze the critical points of EPC contracts based upon reviews of related case studies from the public sector and supplementary interviews with professionals in the field. Main Finding: The architect's role in an EPC contract is not crucial and is equal to other stakeholders involved in the project. Also, EPC contractors have the power to dictate the workflow of the project and hence, architects might have to compromise in terms of the design, compensation, etc. Implications: It is very important for every project to have an outcome based on each stakeholders/consultants inputs specially on larger projects, this article is a step towards understanding the role of architects under an EPC contract as the future projects will come under its purview.  Novelty: The study is done under the lens of a newly graduated architect and not as any other professional, thereby trying to develop an understanding for fresh architects.


1991 ◽  
Vol 112 ◽  
pp. 326-326
Author(s):  
James A. Hughes ◽  
Calvin A. Kodres

ABSTRACTRecent, large scale, real estate development near the U.S. Naval Observatory has led to an investigation of the systematic atmospheric effects which heat from large buildings can cause. Results show that non-negligible slopes of the atmospheric layers can be induced which cause a surprisingly large anomalous refraction. The Navier-Stokes equations were numerically integrated using the appropriate boundary conditions and the resulting isopycnic tilts using the appropriate boundary conditions and the resulting isopycnic tilts charted. Rays were then essentially traced through the perturbed atmosphere to determine the magnitude of the anomalous refraction.


2018 ◽  
Vol 13 (7) ◽  
pp. 1207-1212
Author(s):  
Rajib Shaw ◽  

The private sector is an important actor in disaster risk reduction, and its importance has been highlighted after the Sendai Framework for Disaster Risk Reduction was adopted in 2015. The role of private sectors vary from corporate social responsibility activities and creating a corporate community interface to ensuring that innovative technical solutions for disaster risk reduction are a core business. This study elaborates on different models and examples of these roles. Three critical examples come from Japan, the Philippines, and Malaysia, where private organizations work closely with national governments and enter into partnership agreements, which ensure the sustainability of their involvement. Other core examples are from civil society, where the private sector works for demand-driven innovation. One challenging issue of private sector involvement is that of the small and medium-sized enterprises, which are often unregistered and need special attention during disasters and post-disaster recovery.


Author(s):  
Graham Squires ◽  
Norman Hutchison ◽  
Alastair Adair ◽  
Jim Berry ◽  
Stanley McGreal ◽  
...  

Purpose – This research aims to provide an insight into large-scale real estate projects in Europe and how they are using a more innovative blend of finance. Design/methodology/approach – The methodology involved a mix of desk-based study, interviews and case studies. Interviews were held with financiers, policymakers, developers, investors, fund managers and academics. The specific case projects were Battersea Power Station Development in London; Leipziger Platz site in Berlin; and the Lammenschans site in the city of Leiden, The Netherlands. Findings – The research found that there is growth in the blend of financial products used in real estate development within large-scale mixed-use projects. This new blend is set with greater equity financing, often from domestic and foreign consortiums generating institutional funds – alongside private debt financing – that utilise a mix of large-scale multi-bank finance. Practical implications – The scale of the challenge in financing real estate development allied with capital budget constraints has meant that the appetite for innovative finance mechanisms has gained considerable momentum in practice and policy. This research investigates current examples in development finance and provides a discussion of the opinion of key multi-stakeholder participants in the individual cases, and trends more strategically at a broader level. Originality/value – This detailed study of three major development sites and at a more broader strategic level is significant, in that it provides a better understanding of the differing blends of finance that are being used.


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