Turnkey contract is typically a construction contract under which a contractor is employed to plan, design and build a project or an infrastructure and do any other necessary development to make it functional or ‘ready to use’ at an agreed price and by a fixed date. In trunkey contracts, most of the time employer provides … Read more
EPC stands for ‘Engineering, Procurement and Construction’. EPC contract is a type of construction contract between parties where the contractor is responsible for all the engineering, procurement, and construction activities to deliver the completed project to the employer or owner. Role of an EPC contractor The EPC contractor is responsible for: Detail engineering or design … Read more
Spot zoning is one kind of zoning variance. It is the process of singling out a plot of land or building within a larger zoned area for a different type of use. For example, a commercial building, park, or school might be granted within a strictly residential area, as surrounding residents may benefit from it. … Read more
Turnkey, also spelled as Turn Key and Turn-key, typically means “Ready to use”. It refers to an object that is designed, supplied, built, installed, commissioned, fully complete and ready to use or operate. Turnkey implies that the end-user just needs to ‘turn the key’ to make the object functional, operational or usable. Turnkey object could … Read more
Refinance or refinancing is the process of acquiring a new mortgage to pay off the balance of an existing mortgage. Typically the new mortgage comes with better terms and condition. Also called as Refi. Here are some typical scenarios, usually when people consider refinancing: When there is a lower interest rate offer Borrower’s will to … Read more
Refi bubble is referred to such a period when a significant number of existing mortgages are refinanced to take advantage of the drop in interest rates. A typical refi bubble is seen in the Real Estate market for home mortgages. According to Federal Reserve Bulletin in 2001 – 2003 an incredible number of mortgages are … Read more
Zoning is a regulatory approach to control how land or real estate of an area would be used. It divides the whole area into different zones. Such as: Commercial Industrial Residential and Agricultural Government applies zoning law to specify which area is to be used for what kind of zoning. As we see a residential … Read more
Project is a limited-time venture, planned with a set of tasks to achieve the desired goal or goals which are not available now. The desired goal could be a product, service, result, business model or a strategy. In today’s competitive and technological advanced business environment it could be anything. Project and routine operations are not … Read more
Simply, a mortgage is a loan to purchase your home. A bank or mortgage lender gives you money to buy your dream house. Sounds great, huh! When you decided to buy a house and have decent monthly income but you could not pay the entire value now, then the bank or mortgage lenders come like … Read more
Financial leverage is the degree to which an entity uses interest-bearing debt to finance its assets. The higher the share of debt financing in the capital structure of the company, the higher the financial leverage and also the financial risk. A high proportion of financial debt also means high-interest payments. Which may have a negative … Read more
