The project of building houses for civil servants is a good opportunity for Construction company enter the market and immediately earn money. This project is part of the social program of the Republic of Cote d’Ivoire, which provides for the construction of 60,000 new homes per year for the next 10 years. This is the first stage of the project, which is only 1380 houses. The total project price is 44 301 481,80 €, NPV = 12 193 455,28 €, IRR = 53.34%, Implementation term is 1,5 years.
The site is a new neighborhood of the city of Abidjan under the name Songon. The state has already laid an excellent new road, water, electricity and distributed the land between the so-called Promoters (our Customer). The promoter attracts bank money lent to the public servant for the purchase of housing as security for payment for the constructed facilities for the construction company. The money of the Construction company Guaranteed by Bank and will be paid in 10 days after Acceptance by Veritas. The building project is completely ready.
Below you can download project documents together with photos from site:
Contract_for_construction_between_Customer-SAVM_ENG— Draft of the contract
Technical_Description — drawings, house descriptions and material+works calculations at local prices