Two Stringers http://twostringers.com/ Sat, 01 Oct 2022 18:01:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://twostringers.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Two Stringers http://twostringers.com/ 32 32 Hope and heartbreak for New Zealanders dreaming of a life together | New Zealand https://twostringers.com/hope-and-heartbreak-for-new-zealanders-dreaming-of-a-life-together-new-zealand/ Sat, 01 Oct 2022 18:01:00 +0000 https://twostringers.com/hope-and-heartbreak-for-new-zealanders-dreaming-of-a-life-together-new-zealand/

“Welcome to the site of hope and sorrow.”

It is with these words that Bronwen Newton greets visitors to a quarter-acre gravel car park between two industrial buildings in New Zealand’s capital, Wellington. You can still see the foundations of a sheet metal workshop that once stood there; not visible is the cohabitation project that Newton and 23 other families hoped to build, but never did.

Since 2018, Newton – a lawyer and property developer – has helped lead the Urban Habitat Collective, one of New Zealand’s last attempts at co-housing. The story of its collapse is the story of the hardships faced by those who dream of living in a connected community outside of conventional real estate market models – often at considerable personal cost.

Cohabitation is a model of semi-community housing, typically featuring a mix of private and shared spaces, but retaining individual ownership of homes.

Wellington architect and academic Mark Southcombe describes it as a “bottom-up, self-sustaining organization” of home building that provides stable, well-connected communities, which is important in a world of increasing loneliness.

“I think cohabitation is wonderful,” he says, adding that in a country where real estate investment is a national obsession and has helped drive property prices to world records, there is a need to “ resocialize” housing.

For Newton, cohabitation is about ensuring that people can live not only physically close, but also connected. Inspired by such sentiments, the 24 members of his collective – a mix of pensioners, families with children and others – bought a site in Adelaide Road in Wellington in 2019 for NZ$2.25 million.

Their final design included two buildings with shared dining areas, a rooftop social space, a bike shop, carpool parks, and an expansive communal garden. “We used to say we were building ‘complexes’, not apartments,” adds Newton.

For developers, however, the project fell awkwardly between the familiar profitable territory of stand-alone homes and 80-unit apartment buildings. Few were willing to accept the work, and then rising construction prices took their toll. Estimated costs nearly doubled to $23 million. At this point, Newton says, the “last ray of hope” faded: Even if their bank hadn’t pulled out of construction financing, many homeowners would have struggled to get mortgages.

The scheme itself is effectively over, and at some cost: Between them, the families have spent millions of dollars on design and other expenses, and will likely be out of pocket. Some had sold homes or used inheritances to fund their involvement.

In light of this collapse, how does Newton feel? “It only hurts when I think about it,” she said. “I don’t regret doing it. [But] I still really regret not having a building. That’s what we decided to do, that’s what we worked for, that’s what we always want.

Across town, a happier story unfolded. On Christmas Eve last year, six Wellington residents moved into a cohousing project they had been planning since early 2017. One of the residents, Tania Sawicki Mead, said: to afford one.

Quickly, they bought land in November 2017 and chose a small local construction company.

But even getting a home loan took eight months. The issue wasn’t the costs, it was that the band wasn’t a typical nuclear house and family customer, nor could they be classified as a commercial promoter. “We were just weird – we didn’t fit into any category.”

The so-called complexity of a six-owner structure “also gave people the heebie-jeebies… They were so obsessed with the idea that we were a risk.”

Eventually, however, the project secured a loan and today the row of four townhouses stand proudly amid still-fresh concrete paths, gardens under construction, a common room and a terrace.

“The ability to socialize together was really important,” Mead says. “It was worth the time and hassle… We get to live close to the people we care about and we have a space where we can keep those connections alive. We come to be a community.

Enlarge the pool

These projects reflect the fortunes of the cohabitation movement in New Zealand. As well as well-established examples like Auckland’s Earthsong, recent successes include Dunedin’s Toiora High Street, which reuses a former school site, and another Auckland project, Cohaus. But the planned programs at Cambridge and Lyttelton have folded.

Southcombe is among those working to create open source guides and legal templates for potential cohabitation groups. Cohousing advocates have also urged the government to allocate unused public land for the construction of multi-unit housing and provide support for people going through the many financial, tax and consent barriers to construction.

Such measures, according to Mead, would help “broaden the pool” of groups able to carry out cohabitation projects, among them hapū (indigenous families) seeking to build papakainga housing estates – a traditional model of multi-generational shared housing.

For his part, Newton wants the construction industry‘s “fundamental problems” resolved, including its boom and bust cycles and lopsided risk sharing that forces customers to pay more if costs rise, but developers pocket the proceeds of any economy. State agencies could also waive development contributions for cohousing projects and provide other aid. Anything, she says, to acknowledge the fact that cohabitation collectives are people “trying to do something different, at great personal cost and risk”.

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New U.S. Embassy in Niamey Receives Best Global Project Award by Engineering News-Record https://twostringers.com/new-u-s-embassy-in-niamey-receives-best-global-project-award-by-engineering-news-record/ Fri, 30 Sep 2022 21:18:08 +0000 https://twostringers.com/new-u-s-embassy-in-niamey-receives-best-global-project-award-by-engineering-news-record/

Engineering News-Record (ENR), a leading construction industry news magazine, named the U.S. Embassy in Niamey, Niger as the world’s best project in the government building category. The United States Embassy in Niamey was recognized alongside other global projects that exemplify exceptional design and construction. ENR will officially present the award during the ENR Global Best Project Awards ceremony in December 2022.

The Niamey Embassy represents the best in American architecture, engineering, and technology and sets a new standard for the design of diplomatic campuses abroad. The project, completed in 2022, is an example of the Bureau of Overseas Buildings Operations (OBO) commitment to safe, resilient and sustainable practices. Completed in phases, the project provides modern and functional facilities that serve as a diplomatic platform for Mission Niger. Miller Hull of Portland (Seattle) was the design architect and BL Harbert was the design-build contractor with Page as the official architect. The campus incorporates several energy-saving strategies, including photovoltaic panels that produce up to 750 kWh, shade screens and canopies that reduce solar heat gain by approximately 60%, and low-energy plumbing fixtures. low flow. A Battery Energy Storage System (BESS), the Department’s first ever, complements the Embassy’s photovoltaic system by maximizing the site’s solar energy use and storage.

Since the start of the Department’s capital security construction program in 1999, OBO has completed 171 new diplomatic facilities and has more than 50 active projects in design or construction worldwide.

OBO provides safe, secure, functional, and resilient facilities that represent the U.S. government to the host nation and help U.S. diplomats advance U.S. foreign policy objectives abroad. For more information, please contact OBO External Affairs at OBO-EA@state.gov or visit the Overseas Building Operations website.

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Announcing AMD Pensando DPU Support for VMware vSphere 8 https://twostringers.com/announcing-amd-pensando-dpu-support-for-vmware-vsphere-8/ Fri, 30 Sep 2022 20:34:55 +0000 https://twostringers.com/announcing-amd-pensando-dpu-support-for-vmware-vsphere-8/

The AMD Pensando Distributed Services Card is one of the first DPU solutions to support VMware vSphere 8 and will be available from major server vendors including Dell Technologies and HPE. The AMD Pensando DPU is widely deployed in hyperscalers, cloud service providers and enterprises.

AMD has announced that the AMD Pensando Distributed Services Card is one of the first DPU solutions to support VMware vSphere 8 and will be available from major server vendors including Dell Technologies and HPE. The AMD Pensando DPU is widely deployed in hyperscalers, cloud service providers and enterprises.

DPU technology has gained traction in the data center, with several new players entering the market offering various service options. The AMD DPU is based on a 7nm process supporting 400G throughput, putting it at least a generation ahead of the competition.

The increased interest in DPUs is driven by the growing scale and sophistication of data center applications and the demands they place on infrastructure services and critical CPU resources. One way to address the performance issue is to modernize the data center by implementing data processing units (DPUs) to offload infrastructure services from the CPU.

AMD Pensando DPU and VMware

VMware vSphere 8 reinvents IT infrastructure into a composable architecture with distributed services at the server edge. Building on the successes of hyperscalers, vSphere 8 moves critical infrastructure functions such as networking, storage, security, and host management services from the main server processor and moves them to the DPU.

By using DPU hardware like the AMD Pensando Distributed Services Card, server resources are freed up and distributed services can be accelerated. Now, enterprises can apply this architecture to bare-metal hosted services and virtualized environments to unify workload management and improve total cost of ownership.

amd pensado dpu hhhl

The fully programmable AMD Pensando DPU is at the heart of this transition to a software-defined infrastructure. The VMware vSphere Distributed Services Engine and AMD Pensando DPUs can help customers reduce operational costs by unifying workload management, improving performance by freeing up CPU resources, and providing an additional layer of security by isolating server tenant workload infrastructure services. Early customers of the vSphere Distributed Services Engine, accelerated by AMD Pensando DPUs, include a leading financial services provider, a multi-cloud solution host, and a leading business applications company.

AMD’s Forrest Norrod, Senior Vice President and General Manager, Data Center Solutions Group, explained it this way:

“Performance, efficiency and security are integral to competitive offerings within cloud computing and hyperconverged infrastructure. VMware vSphere 8, running on AMD Pensando DPUs, is a key step in bringing the industry closer to composable hardware systems and truly ubiquitous heterogeneous computing. AMD is uniquely positioned in the industry to deliver performance, efficiency and security with a distributed services platform currently deployed with major customers such as Goldman Sachs, Microsoft Azure, NetApp, IBM Cloud and Oracle Cloud.

VMware’s Krish Prasad, senior vice president and general manager, VMware Cloud Platform Business, added:

“Modern applications place specific workload demands on the infrastructure. This led to the need to reinvent the data center architecture with general support for accelerators such as DPUs. With combined solutions including VMware vSphere 8 with Distributed Services Engine capabilities and AMD Pensando DPU and EPYC processors, customers can improve infrastructure performance, strengthen infrastructure security, and support business evolution. cloud infrastructure for modern applications.

Dell Technologies announced the launch of SmartDPU software solutions on the VxRail platform with a choice of DPUs from AMD Pensando and NVIDIA. HPE announced the launch of HPE ProLiant with VMware vSphere Distributed Services Engine based on AMD Pensando DPUs. VMware has reported rapid progress from other partners like Lenovo and Intel, bringing more solutions to market and offering more choice.

Hardware specifications

Form factor Full-height, half-length PCIe
PCIe interface 16 lane PCIe Gen4.0
Network Ports 2 QSFP56 ports
Port configurations 2×50/100/200G, 4×50/100G
Management ports 1x Ethernet RJ45 100M/1G
Indicators Port activity and link
Power 55-66W typical
Cooling Passive heat sink
Air flow 300 lfm airflow with DAC interface
Temperature (°C) 0 to 50 (operational) -40 to 70 (not operational)
Humidity 5 – 95% relative
MTBF (Hours) 585,000

VMware also introduced several new features in vSphere 8 offering the AMD Infinity Guard feature set, including the AMD Secure Encrypted Virtualization (SEV) and Secure Encrypted Virtualization – Encrypted State (SEV-ES) advanced technology features of AMD EPYC processors. AMD EPYC processors continue to deliver high performance for traditional and next-gen workloads on VMware HCI powered by vSAN 8.

VMware vSphere 8 solutions from Dell Technologies and HPE, accelerated by AMD Pensando DPU, will be available in the coming months. AMD EPYC processor support for VMware vSphere 8 will be available at launch.

AMD Pensando

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UK builders gain as rising house prices bring relief https://twostringers.com/uk-builders-gain-as-rising-house-prices-bring-relief/ Fri, 30 Sep 2022 10:18:00 +0000 https://twostringers.com/uk-builders-gain-as-rising-house-prices-bring-relief/

UK builders gain as rising house prices bring relief

0914 GMT – Britain’s homebuilders are gaining ground as battered investors welcomed data showing house prices continued to rise in September. Still, annual price increases slowed to 9.5% in the month from 10% in August, according to the National House Price Index. The figures show that factors such as rising energy prices and last week’s controversial UK budget statement are affecting property market confidence and momentum, Garrington Property Finders said. “One week after the mini-budget, the market is in shock as hundreds of mortgage products are pulled and interest rates rise,” writes Garrington chief executive Jonathan Hopper. “The Chancellor’s stamp duty reduction is welcome, but the rising cost of borrowing will negate its impact.” Barratt Developments is the top riser in the FTSE 100, up 5%, with rivals also up. (philip.waller@wsj.com)

 
Companies News: 

Cineworld 1H’s pre-tax loss narrowed after Covid-19 restrictions eased

Cineworld Group PLC said on Friday its first-half pre-tax loss narrowed as revenue rose after the easing of remaining Covid-19 restrictions in the first quarter.

The Morses club remained significantly in deficit in 1H due to repair requests

Morses Club PLC said on Friday it continued to experience significant losses in the first half of financial year 2023 due to repair claims in its HCC division, and raised significant uncertainty concerns.

JD Sports partners with Nike to offer customer rewards

JD Sports Fashion PLC said Friday it has partnered with Nike Inc. to offer rewards to customers.

Pennon says 1H performance meets expectations

Pennon Group PLC said on Friday that its performance for the first half ended September 30 was in line with management’s expectations in a volatile macroeconomic environment.

Dignity changed to 1H loss after pricing, product line changes

Dignity PLC said on Friday it turned to a pre-tax loss for the first half of 2022 after market normalization post-Covid-19, impairment and a significant change in pricing and product mix.

Science in Sport hangs up the ‘For Sale’ sign; To raise £5m via cut price placement

Science in Sport PLC said on Friday it had begun a review of the business which could lead to the sale of the business or certain assets, and plans to raise 5 million pounds ($5.6 million) to support the company in the event of a new slowdown. on the economy.

Numis expects 33% decline in FY2022 revenue due to weaker capital markets activity

Numis Corp. said Friday it expects a 33% drop in revenue in fiscal 2022 due to weaker capital markets activity and a strong year-over-year comparison.

LoopUp Group first-half revenue, lower pre-tax profit

LoopUp Group PLC said Friday that pretax revenue and profit fell in the first half.

Real Good Food Says Start of Fiscal Year 2023 Was Tough; Slipped volumes

Real Good Food PLC said on Friday that market conditions at the start of fiscal 2023 have been challenging, with volumes down both on the year and from pre-pandemic levels, and it plans to take further action. cost reduction.

Live business group’s first-half pre-tax loss narrowed as revenue soared

Live Company Group PLC said on Friday its first-half pretax loss narrowed as its revenue rose.

Ince Group sees lower comparable performance in first half, but fiscal year trading expected to rise

Ince Group PLC said on Friday that its performance for the first half of the 2023 financial year was not expected to show improvement on a like-for-like basis from the same period a year earlier, but that trading activity for the year as a whole is set to increase.

DP Eurasia H1 Pre-Tax Profit, Revenue Up; Current performance consistent with views

DP Eurasia NV said on Friday that profit and pre-tax revenue increased in the first half of 2022, reflecting robust growth in systems sales, and that its performance was in line with the board’s expectations.

Science in Sport First-half pre-tax loss widened on Russia exit, costs and supply chain issues

Science in Sport PLC said on Friday its first-half pretax loss widened due to external headwinds and despite an increase in revenue.

Ukrproduct suffered a 1H loss as the war in Ukraine weighs

Ukrproduct Group Ltd. announced on Friday that it recorded a loss in the first half of the year, as the war in Ukraine disrupted activity and reduced income.

Mode Global Holdings first-half revenue impacted by market volatility

Mode Global Holdings PLC said on Friday its first-half revenue was hit by market volatility, but reported a slightly reduced pre-tax loss.

Trackwise 1H Extended pre-tax loss due to exceptional costs; Seek additional funding

Trackwise Designs PLC said on Friday its pre-tax loss widened in the first half after booking one-off costs, and it will need additional funding.

Fox Marble Holdings’ first-half pretax loss widened on takeover costs

Fox Marble Holdings PLC said on Friday its pre-tax loss widened in the first half due to costs incurred in connection with the reverse takeover of Eco Buildings Group Ltd.

 

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswire

September 30, 2022 06:18 ET (10:18 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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Top Reasons to Consider a Career in the Construction Industry https://twostringers.com/top-reasons-to-consider-a-career-in-the-construction-industry/ Thu, 29 Sep 2022 16:08:27 +0000 https://twostringers.com/top-reasons-to-consider-a-career-in-the-construction-industry/


In 2022, people entering the workforce will have many options available to them. From careers in tech to healthcare and beyond, young people can take many different paths. However, an often overlooked industry is construction.

Whether you’re laying the groundwork for your career out of high school or considering a mid-career change, construction could be the ideal industry. Here are some of the top reasons to consider a career in construction:

  • Demand for construction workers is high

With exciting new initiatives to create affordable housing, revitalize communities, and spur growth in the U.S. economy, a growing population, and a need for infrastructure repair and green energy expansion, the future s promising announcement. Especially for anyone looking to build a strong career foundation as a construction professional.

  • There are new growth initiatives in construction

In addition to the overall industry growth, new initiatives are also driving increased demand for construction workers. For example, the government is investing billions of dollars in improving infrastructure, including roads, bridges, federal buildings and airports.

In addition to government initiatives, many private and public companies are investing in construction projects, such as office buildings, retail establishments, and homes. As you can imagine, this surge in construction projects means there will be plenty of opportunities for construction workers at all experience levels.

  • Construction jobs often pay well

Construction workers are often well paid for their skills. The median salary for entry-level construction workers in the United States is around $31,000 per year. However, experienced construction workers can earn even more. And, for motivated construction workers who want to make their way, opening a business may provide more opportunities.

  • No university degree is required

One of the benefits of building is that you don’t need a college degree to get started. Often all that is needed to be considered is a high school diploma or equivalent. And there are many apprenticeship and training programs available to help you gain the skills you need to succeed.

Unlike some industries that require younger workers, the construction industry is open to people of all ages. So whether you’ve just graduated from high school or are looking for a mid-career change, there’s a place for you in the build.

Apprenticeship programs available

Unlike many professions requiring multi-year degrees, you can enter the construction industry through an apprenticeship. Apprenticeship is a great approach to learning the skills you need while getting paid. So whether you prefer to focus on residential or commercial construction, there is an apprenticeship program.

If you are evaluating your career options, there are many reasons to pursue a career in construction. The industry is growing, new initiatives are driving demand, and the jobs are often well paid. Plus, no college degree is required to get started, and many apprenticeships help people learn the skills they need to succeed, whether working for other businesses, as an independent contractor, or as an owner. of small business.

This article was brought to you by Wayne Brothers Companies, a leading concrete engineering company providing services throughout the Southwestern United States.

For more articles, visit OD Blog.

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6 spatial data providers receive study contracts from NRO https://twostringers.com/6-spatial-data-providers-receive-study-contracts-from-nro/ Thu, 29 Sep 2022 08:33:03 +0000 https://twostringers.com/6-spatial-data-providers-receive-study-contracts-from-nro/

The National Reconnaissance Office has awarded six companies separate contracts under the Strategic Business Improvements Program to provide insight into radio frequency remote sensing capabilities.

Aurora Insight, HawkEye 360, Kleos Space, PredaSAR, Spire Global and Umbra Lab will conduct studies to help inform the agency’s future acquisition and integration of commercial space data into the agency’s aerial architecture, said declared NRO on Wednesday.

In a separate announcement, HawkEye 360 ​​said it will model and simulate RF sensing capabilities, perform accuracy and quality checks, and demonstrate aerial delivery of RF data to mobile, transportable, and fixed ground stations in the whole world.

“Building on nearly four years of in-orbit operational experience, HawkEye 360 ​​appreciates the opportunity to continue working with the NRO to integrate commercial RF innovations into its evolving architecture,” said Alex Fox, Director of the growth of HawkEye 360.

Meanwhile, Spire Global noted that it operates a constellation of more than 100 general-purpose satellites that monitor RF signals to provide maritime, aeronautical and weather information.

“The remote sensing technique of monitoring radio frequency signals plays a crucial role in gathering intelligence through GNSS jamming detection and geolocation, as well as providing an objective and transparent view of the movement of ships and aircraft,” said Vice Chairman of the Federal Government Chuck Cash. sales at Spire Global.

Video of the day

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New site and design for $3 billion Adelaide Hospital https://twostringers.com/new-site-and-design-for-3-billion-adelaide-hospital/ Thu, 29 Sep 2022 01:14:31 +0000 https://twostringers.com/new-site-and-design-for-3-billion-adelaide-hospital/

South Australia The government has announced that the proposed new Women’s and Children’s Hospital (WCH) will now be built in Thebarton on the site of the current police barracks, 600m from its originally proposed location, next to the Royal Hospital Adelaide.

Following the state’s election, the new government commissioned a review of the previously planned site and found significant constraints.

Proponents of the old site said the colocation would “maximize the potential of both hospitals” and ease the transition of adolescents to adult facilities.

The main advantages of the new proposal include an on-site helipad, an intensive care unit, the capacity for a cardiac surgery department, direct access to the parks and 85 additional parking lots.

Image: Courtesy of the South Australian Government

However, South African Prime Minister Peter Malinaukas said that if the new WCH were to be built next to the RAH, it would prevent future development of the two facilities.

“At some point in the coming decades, the RAH will have to be expanded […] With a growing and aging population, this is a possibility that needs to be considered,” Malinaukas said. “If we build the new WCH right next to the RAH, we can never, ever expand the RAH or the WCH.”

The same design team, comprising Woods Bagot with Bates Smart, Jacobs and UK firm BDP, prepared concept designs for the new site, which is 20,000 square meters larger than the old one. The new proposal includes an on-site helipad for more efficient relocations, an intensive care unit, capacity for a cardiac surgery department, direct access to the park and 85 additional parking lots.

The main advantages of the new proposal include an on-site helipad, an intensive care unit, the capacity for a cardiac surgery department, direct access to the parks and 85 additional parking lots.

The main advantages of the new proposal include an on-site helipad, an intensive care unit, the capacity for a cardiac surgery department, direct access to the parks and 85 additional parking lots.

Image: Courtesy of the South Australian Government

Ten heritage-listed buildings on the site will be demolished to make way for the new facility, some of which date back to 1917, raising concerns from the South Australian Heritage Council.

In his op ed for In Daily, Heritage Council Chairman Keith Conlon argued that razing the compound would result in an unprecedented loss to the state’s history and heritage protection legislation.

“They will destroy a collection of buildings that have been listed as state heritage sites because they gave us a tangible connection to a crucial part of our past and how we got here,” Conlon said.

The new proposal will displace the South Australian Police (SAPOL) who have occupied the site for 105 years. The state government committed $2 million to help relocate its existing functions, saying there would be no loss of operational capacity as a result of the move.

Police Commissioner Grant Stevens said the news creates “a unique opportunity for SAPOL to review its operational needs and work with affected personnel, stakeholders and government to acquire modern and responsive facilities that will meet organizational needs. long-term”.

The project is estimated at $3.2 billion and is expected to be completed by 2030-31. The first works should start in 2023 before the start of construction in early 2024.

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Grimes supports the construction of new housing in Austin https://twostringers.com/grimes-supports-the-construction-of-new-housing-in-austin/ Wed, 28 Sep 2022 16:30:02 +0000 https://twostringers.com/grimes-supports-the-construction-of-new-housing-in-austin/

Photo: Robyn Beck/AFP via Getty Images

The City of Austin, which has seen one-bedroom apartment rents soar by 108 percent over the past year, has become so expensive that even a space pop star claims she can’t buy the house she wants without the help of the billionaire she was dating. “I couldn’t afford to buy a house that suits my kids in Austin atm without the help of their dad who is INSANE,” Grimes tweeted on Monday, battling in the comments with random people after calling his “fellow Texans” to support a Change.org housing petition.

So now Grimes is a YIMBY. She continued to tweet a plot opinions on how to solve the housing crisis:

“Excessive regulation in Cali is anti-innovation. Tx is a pro innovation (they let you blow up rockets for example haha),” notes Grimes. (Haha!) She also clarifies that she does not support rent control, but simply “the deregulation of construction”. She adds, “More on that later.” We will wait !

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Wehouse aims to be a one stop shop for all home building needs https://twostringers.com/wehouse-aims-to-be-a-one-stop-shop-for-all-home-building-needs/ Wed, 28 Sep 2022 02:01:00 +0000 https://twostringers.com/wehouse-aims-to-be-a-one-stop-shop-for-all-home-building-needs/

Home renovation and construction in India is a tough business, given the unorganized nature of the industry. Every step, from ideation to completion, requires precise planning and execution.

WeHouse, a Hyderabad-based startup, aims to simplify the process of building and renovating a home through a range of end-to-end construction services. The startup, incorporated by Sripad Nandiraj (founder and CEO) and Rohan Reddy (COO), started its activities in 2019.

how it started

Sripad and Rohan were old classmates. For a long time, they had been looking to build a business that would make life easier. An opportunity presented itself in 2013, when Rohan and his family were looking to renovate their home. Sripad and Rohan met to assess the construction market, the raw materials needed and the suppliers involved.

It was then that they realized that no company offered quick and easy construction solutions with all the required elements such as labor, raw materials and other resources. This is how the idea of ​​a company was born that would simplify the construction process by bringing together all the entities involved in building a house.

Sripad and Rohan took a leap of faith and quit their full-time jobs to launch “Hocomoco,” which later gave way to the name “Wehouse” for better brand recall.

End-to-end services

Wehouse is a technology-based aggregation platform that allows customers to build their home from the ground up by connecting them with people in the construction industry.

It offers a range of services for residential construction – project management, architectural structure, design, decoration and smart home interiors and legal permits.

The start-up process involves determining customer needs and cost, setting up meetings, implementing tasks, follow-up and final delivery.

Wehouse has partnered with construction industry brands to ensure a streamlined flow of resources throughout the supply chain. It has partnered with approximately 1,000 building material suppliers.

Sripad says the company operates on the four-pronged mantra of transparency, time-saving, tracking and technology adoption. “This helps maintain exceptional project quality and on-time project delivery.”

The founder says the startup makes a plan with a proper schedule and labor estimate ahead of time, so the project is completed on time.

Role of technology

Technology frameworks and web services play a crucial role in the areas of customer management, hardware management, and vendor management.

“With the help of technology, we avoid manual errors and ensure that we save time and money. The supply chain is also simplified, which means no waste of material and an efficient use of natural resources. “says Sripad.

Transparency and monitoring

Wehouse provides an electronic monitoring function that allows customers to check the progress of their work and the amount of material used online. It also assures the client of a secure project site with surveillance to prevent theft and damage and informs clients through photos and videos of work in progress.

“We ensure that our clients have access to all documentation, on-site CCTV and detailed weekly reports. Clients can easily communicate with all teams such as design, project management and finance. They can also use the Q&A feature on our platform to understand the progress of the project,” says Sripad.

Every project Wehouse assists with goes through more than 200 quality checks; there are quality sieves at each checkpoint, explains the founder. For example, cubes cast into slabs are sent to a laboratory to assess their strength.

Projects in Hyderabad and Chennai

The startup has completed over 200 projects in Hyderabad and over 400 projects are ongoing in Hyderabad and Chennai.

The company says it has completed 1 million square feet of built-up area to date. According to the founder, the Wehouse platform records an attendance of more than 75,000 monthly visitors.

In August 2022, Wehouse expanded into Chennai with the aim of acquiring a built-up area of ​​five lakh square feet by March 2023. The startup claims to have around 120 projects in the city.

Revenue model

Construction project management contributes 50% of Wehouse’s revenue, while materials management contributes 30% and interior design projects contribute 20%.

The startup charges Rs 1,599 per square foot in Hyderabad and Rs 1,900 per square foot in Chennai, based on labor costs, material costs and land prices.

Each time a customer selects materials through Wehouse, the startup receives a commission from the building materials company.

Wehouse says it saw revenue growth of 295% in fiscal year 2019-20, 482% in fiscal year 2020-21 and 363% in fiscal year 2021-22. It forecasts revenue of Rs 120 crore by the end of this year, with growth of 620%.

construction market

According to GlobalData, the Indian construction market was valued at $609.6 billion in 2021 and is expected to grow at an average annual growth rate of over 6% between 2023 and 2026.

The home building services industry has many players such as RHUMBIX, Living spaceand HomeLane.

Financing and expansion

The founders of Wehouse had invested Rs 5 lakh of their personal savings to start the startup.

In May 2022, Wehouse secured $1 million in a pre-series round of Anthill Ventures and a group of angel investors to upgrade its technology platform, hire and grow. The startup plans to close another round of funding soon.

The startup plans to expand its operations to five more cities and the size of its team by adding 100 employees. It also plans to forge strategic partnerships with 500 partners by March 2023.

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Online Short Term Personal Loans Available Now https://twostringers.com/online-short-term-personal-loans-available-now/ Tue, 27 Sep 2022 17:15:44 +0000 https://twostringers.com/online-short-term-personal-loans-available-now/

A personal loan is a short-term loan, which you can repay in installments. It’s a great alternative to traditional short-term loans, offering quick cash at extremely high interest rates. With a personal loan, you have the right to prepay the loan to free up income in your spending plan and potentially save on interest.

Most short-term loans require proof of employment, a salary statement, a bank account, and a valid driver’s license. Because there is often no collateral and lower credit requirements, these loans charge a higher interest rate (up to 400%) and may incur other fees and penalties.

Let’s dig deeper and explore what short-term personal loans are available, and if there’s a good option for you.

Definition

A short-term personal loan is a type of loan with little or no collateral and a repayment term of less than one year. This may require supporting documentation (such as proof of employment or your credit card history), but in most cases you submit a request and receive your money within 24 hours.

Short-term loans are offered for a maximum amount of $2,000, with repayment in weeks. After the company reviews your application, they send the contract with the approved amount and interest rates. So before accepting, you still have a chance to calculate how much you will have to pay back.

Types

There are a few main types of short term personal loans; they have different features, conditions and fee structures:

  • Payday loans – the loan providing money to borrowers, until they receive their next salary. Let’s say you want a $100 loan today – payday can do that! The only requirement might be proof of your employment with a payslip. These loans must be repaid quickly and painlessly – otherwise you will be subject to high APRs and fees;
  • overdraft – a form of short-term loan, where customers can obtain temporary cover for charges from their bank if the account does not have the necessary charges. In terms of repayment, these loans are similar to installment loans: a borrower will have regular and frequent payments for a period of time until the principal and interest have been repaid;
  • Car title loans – a type of short-term loan, which allows a borrower to use the vehicle as collateral. Rather, it is an exclusion from the definition of short-term personal loans (which normally have no collateral), but it is a perfect example if we are talking about the high interest rate. If you are late with your payments, the interest charges increase and the loan will cost you much more.
  • Bridging loans – are useful during real estate transactions. For example, when you bought a new house, while the other property remains on the market. For this type of loan, you will need an impeccable credit rating; lenders also prefer borrowers with a low debt-to-income ratio (DTI).

Another popular option for short-term loans is to extend your line of credit with a credit union or bank. It can improve your financial situation at once, without side effects. As a result, a higher line of credit makes you more attractive to lenders.

Choice

If you decide to apply for a short-term loan, consider lenders, who do not charge penalties. In another scenario, you will be asked to pay additional fees if you want to complete the transaction before the agreed time. Isn’t it deeply unfair that paying off the loan sooner could cost you more?

Here is the list of several companies, which will not charge you for such a “service”:

  • happy money – a loan provider with an innovative approach to lending. It offers personal loans, ideal for consumers, who want to save money. Happy Money consolidates high interest rates, giving borrowers exclusive access to more efficient management of their finances. Be aware that while there are no prepayment penalties, origination fees of up to 5% may apply.
  • LightStream – the lender that offers some of the lowest interest rates on personal loans. Same-day financing is available and there are no prepayment penalties or other fees. If you keep in mind that shorter loan terms come with lower interest rates, that makes LightStream a considerable option. And your financial best interest.
  • SoFi – a lender, who can extend you some credit, if your score is at least 680. SoFi customers also get free access to financial advisors, career coaches and other events, dedicated to improving your financial literacy. This lender offers a seamless application experience, saving you from late payments or prepayment fees.
  • Reached – a lender worthy of attention, due to competitive interest rates and fast financing options. Beware, Upstart will assess your credit score and review your work history to determine if you are a good candidate for a loan. If you have a loan with this company and decide to pay it off early, you will not be subject to additional charges. However, you will be asked to pay an origination fee of up to 8%, as well as a late payment fee.

According to statistics, more than 20 million Americans have unsecured loans. So, before getting approved for funding, check the company’s refund policy. Look for additional fees and interest rates that may apply; ask a financial adviser about prepayment.

The essential

To wrap up this story, we would like you to reassess the purpose you have for a personal loan. Remember that you can always ask your friend or family for money. make the option buy now, pay later; or simply subscribe to a credit card.

Even though short-term loans seem like a great opportunity to cover your needs, their fees and interest rates sometimes exceed 400%. Missing payments will negatively affect your credit score and cost you more in late fees, penalties and interest.

Look for online lenders offering money at no additional cost; check the refund policy and if there is anything extra to pay if you want to complete a transaction sooner. Make sure you’ve done your research and won’t face any negative consequences when working with online lenders.

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