Pending Apartment Block Construction Contract 002

Development Department

Citizen of the Republic
Development Secretary
Department of Development
Joined
Jul 22, 2024
Messages
7
Pursuant to the 'Housing Assistance Act of 2025' the Government will be providing special contracts for the construction of Apartment buildings.

"Section 3 - Residence Construction Grants:
(1) In the event that there are no residences available the Government will create a special grant to be made payable to the construction company which pledges to build the most affordable residences for the least amount of money, the Government will then provide the funds to build these residences with the company in question gaining the profits from the rent.
(i) The construction company cannot raise the rents on the residences they construct for 6 months.
(2) The Congress may at anytime establish a subcommittee to oversee the details of this program."

Bids will begin on a 24 hour window, individuals may put forward a bid stating the full cost of the project (including land prices and all construction costs), details of plans, however many apartments will be built (8 minimum), photos of what the project would look like, and a time frame in which the project will be complete.

(Please note, this is an urgent project and so the apartment building must be fully built 24 hours after the bid is won)
 
Company: Black Rock
Cost Breakdown:
- Land: $8,000 - 15,000
- Building Materials - 15,000 - 20,000
- Labor - $16,000
- Administration - $7,400
- Misc - $5,000

Tender Amount: $57,500
Timeline: 24hrs

Description
BlackRock proposes the development of a classic styled apartment building. The building facilities will include 15 magnificent apartments ranging in size across 4 floors. The building will also feature a public lobby, a mail room, a roof top garden and several parking spaces for residents.
The project will be constructed on a plot with good views, near public transport and other amenities such as the City Park.

The Ground Floor Will also have room for a small Cafe and Convenience Store as an in house amenity for the residents.

Rent Classes:
Small (8 Apartments) : 350/month
Medium (5 Apartments): 500/month
Large (2 Apartments): 680/month

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