Project on Construction Company, Toronto

Current Situation of Toronto

Recently, my enrollment in the Construction Engineering Technology Program (T105) and in near future I would like to take a representative position in commercial building industry. The top construction based company which is Turner has raised its status correspondingly in few years. I have loan of Turner 10,000 dollars. And this summer I will hope to get marry. And my wife name is Dian.

 As we are both going together so we have loans and we are wishing to have modest wedding within valuable and reasonable range. The expense of the wedding is managed by living here of being a part of parents home or any big city hall. While she is working as nursing program practically at the Waterfront campus (121 dollars). I am elder than her and we will graduate together by 2020. She has loan of 500 dollars as well. Which is much lower as compared to me and most probably she will be living in home which is permanent home in Kincardine.

Turner construction company Loan

My future wife and I have to return back that Turner loan within five years and definitely we will get the time of grace period as well so we have to repay the loan as soon as possible as we shall accomplish our graduation. Loan rates are not clear from websites but we shall use Canada prime rate plus 2.5%. Well the prime rate recently estimated to be 3.95% every single month. While repayment amount per month is 293.14 dollars. And loan rate is 6.45%.

Fig.1 infrastructure of Turner Construction Company

 Future Positions and growth in Construction Company of Turner

The future project is found to be tremendous place by various construction purposes in such regard. It would be establishes as open office and collaboration of major working employee will work together sides by side in such tremendous manner. The project will demand 53,000 square feet of the space and it would be consisting of well-organized infrastructure. With the emerging high end finishes and extensive use of technology with visual equipment’s inside. It will designed and constructed LEED gold project unlike others.

Moreover, Turner construction company has announced various other rates in such expects and announced the first quarter 2013 in which Turner building Cost index has been measured with costs in the residential building construction in such a way in Canada that it has increased its worth for about 1.19% and this worth cost has been increased as compared to previous years by 3.41%. it has been calculated that 90% of business of Turner has been increased and performed under the contract arrangements.

 Therefore, Turner also provide best preconstruction rates and planning services before the fixation of contract prices. Construction has been prepared by the Turner and forecast in the future for more than 80 years. Using widely the construction purposes and achievements in this construction industry in near future it will state its worth for every single individual. And helpful for providing different opportunities to every single individual in such as aspects. The cost index has not been limited to just country but also presented to nationwide and building cost index has been reflected the regional conditions in given quarter.

 It has been estimated from building cost index that Turner will be extended to in future in dramatic ways because of the proper management practices and other ways for competitive conditions in giving out such high status in ranks. Many engineering assistance will be required for proper work in such excellent manner. Collaborative area will also be provided in such positioning to make relax area with addition of visual technology inside. It would be basic structure and planning of office environment that would require rooms with basic infrastructures in authorized manner.

fig .3. Chart showing Cost index and growth status of Turner Construction Company

The interactive cafes and touch down work areas for every single individual which will work in the office for a short time or long time in general support. Many safety measures will be undertaken for best positioning in an excellent order with zero last time accidents. It would not only receive Quarterly safety measures of Turner awards in an outstanding  ways and performances but also helps to maintain the safety and other essential requirements in future with addition of proper schedule and initiatives for quality and other basic needs. It would hold conference room

Figure.4.Showing the status of Turner Construction Company

 Future loans to be paid of Construction Company, Toronto

 For working in future with Turner Construction Company it is more important to know about salary and many other relevant data about the workers and managers. These identification of their salary will give beneficial aspects in future for paying back loan in simultaneous manner. As major amount of salary taking up by general manager and salary of construction manager is about 90,347 dollars. From here it can be assumed that in near future working as representative position I will definitely get paid about 90% of it. Because of my initial work I will have to pay many income taxes such as CPP and EI that would account for 25% of gross wages in such aspects. The result will give net amount and 90,347 dollars which accounts for 90%.

And while talking about annually 57,608 dollars and per month 7,467 dollars. It would come an estimated salary for average details for salary in such a way that salary for registered practical nurse is expressed in other ways. The expressed amount per hour is 28.31 dollars. And other aspects are also seen side by side. Taking a corresponding advantage the conservative approach is given. The assumption is taken from the work for 35 hours in a week in the year. This will also include many vacations. An annual report is given that gives the salary about 47,244 dollars.

Fig.5. Average salary of construction company Turner and fitter in Canada, 2019

While talking about the average rate of my future wife as her salary is lower than mine therefore, assumption can be made in such way that her income tax will be 22%. While talking about CPP and EI as well. Therefore, data has been identified in such a way that result put forward a description rate in such a way that $44,244 gives about 80% times. While talking about annual rates, data comes about 78% which equals $27,608 annually and or $2,301 for every month. And when we shall count our net income it would give different results per month which is 9,768. Gross income of both of us than comes out to be 90,347 dollars which is 90% and $44,244 time accounts for 80% and total estimated about 73,477 plus 35,395 dollars. Given results show 108,872 dollars. This amount can be further clear below in calculations as mortgage calculations:

Table.1.Monthly and annual report of loan to be paid

Income statement  and Housing balance sheet of Construction Company, Toronto

From house balance sheet it has been seen that we can only save down payment of $27,000. And amount is not that high to pay all the requirements so there is need to qualify the mortgage of 475,000 dollars. Mortgage insurance is 20,000 dollars. Therefore, the main value has given the data of about total mortgage which $494,000. And total mortgage amount is found to be calculated in such ways. Total amount of $600,000 for buying a proper house. Various calculations are found to be vary from 25% to 35%.

But these percentages mainly include taxes while working in such construction company of Turner every industry constitute different ratio of taxes and other deduction principles. Thus while thinking about our own house it is more convenient to find the value of greater than $600,000 and most importantly use the required payment as down payment and dramatically increased in such extent.

Various other assumption are found to be make up for the proper planning and other policies.

As different construction rate requires different planning and management. Calculation for mortgage are all consider as debts and something needed to be now for more knowledge about increment in income and something for which there is more need to provide estimate data about the perspective views.

So over all, there is need to buy a house in proper need for proper methods and planning which cost about $600,000. Therefore, it is needed to buy a house in six years after the completion of graduation in such regard.

 It needs the calculation of data from Excel and different rates of construction can be find out by making the house well-organized house in Toronto after completing the graduation in such ways.

For such purposes there is a need of planning few aspects in such a way that 500 dollars are needed to be saved per month at specific percentage and making up annual report. The perfect house which can be constructed in such regard is spectacular house on main road of Toronto, Canada.

And a townhouse which is priced about $497,500. It will constitute a master bed room, other 2 rooms with well subjected infrastructure in such way to follow the details and ideal for two children.

 Other objects constitute about monthl6 condominium fees at the rate of 627 dollars. More interesting thing about such factor is there in which there is no mention of property taxes. The place will be more convenient if it would take a long road and some hiking pathway to increase its worth by other ways.

Table.2. Income statement and Housing balance sheet

Transportation of Construction Company, Toronto

As building a house cost high but it is more important t to think about other details such as operating and managing the both aspects after building house. Car is basic need and we shall try our best to buy our own car. By working in construction sites it is rare to be accessible by the help of transit. Dian is more requested to operate the bus and taking full opportunities to take the bus.

 Figure.6. Transportation in Turner Company and all its related hold on construction

A definite route is taken from our own house and frequency is taken in curious ways which will be more than several minutes from Turner Construction Company 48 Yonge Street, Suite 1100, Toronto, Ontario M5E 1G6.  A car that would be reasonable and cost effective in such manner and suitable for transportation. The price ranges from $15,884 and so on in such regard. Monthly payment is $143.25 dollars for transportation in Torronto, Canada. Ford is most amazing and other. Mainly insurance regarding to such field is mainly 150 dollars per month and unfortunately the car insurance is major and important thing to do for past few years. As it is a major task in Canada because paying tax is the most critical and tragically situation to be hold on. (Estimator of Ford Credit Canada Vehicle Payment | Ford Credit Canada,” 2019 “Official Site)

Figure.7. figure showing the best insurance car in Toronto, Canada to be taken in future

 Phone, Internet, and Television of Construction Company, Toronto

While talking about other budget most important need of abut the another stuffs and technologies are overwhelmed required essentially. It has been given much important data about the sets of cell phones and internet connection which is the third important need for carrying the major work there is need side by side in such regard.

Cell phones is the basic need and in dollars if we talk about than it mainly correspond to 250-350 dollars per month and there is no need of home telephone servicers these days. More efficient details and data has been provided in such technology and left telephonic instruments behind.

Therefore, the reason of choosing the telephonic systems in Canada has not been made as Canadian Radio television and telecommunications Commission has provided the websites which compares the mobile phone and plans for internet for every single community in Canada.

As it is stated that residences in Toronto provided with 138 internet services and final choices are made easily near perfect data therefore, Calen and Dian are more easily staying at home for future needs (Canada Government, 2016).

 Rent, Utility Costs, Food and Property Insurance of Construction Company, Toronto

It has been shown while comparing the basic cost of living in Toronto, Canada a bed room flat in the city cost for $1,632.92. Which is not considered to be cheapest. Moreover, the meal for two persons if considered for mid-range restaurants is considered than it comes out 70 dollars and talking about the valuable restaurants than it would have different values. While transportation cost about 143.25 dollars which is near to be different as compare to other countries. 

Food of Construction Company, Toronto

More importantly nation has been changed for last few years as data has been given out by city of Toronto’ nutritional basket of food that cost and calculate the results of single man with age of 19 to 30 years and spend the average amount of  of grocery for a month on easy basis. Moreover, the women regarding the same age spends about  for month. These numbers are considered t be average as they are different for different people.

Fig. 8. House hold food security in Toronto, Canada

 This cost is entirely different for the different families according to data of Canada food report regarding different prices and showed that average family spends money on food about  for every year. That mainly works about the  per month and   annually increase has been estimated in 2018.Health and fitness also work side by side in Toronto, Canada. Trend towards fitness has been tremendously increase in this country and studios are becoming more and more popular. Many membership regarding fitness has been predicted and details comes out with other forms that showed that a-month range that provide best membership.