CHAPTER ONE
1.0
INTRODUCTION
With
the instruction given by the school authority to proceed on industrial on
industrial training scheme on the 20th of august 2012 at any place
which can accept us to perform the industrial attachment of which i attached to
Niyi Odetundun & Co, a chattered estate surveyor and valuer in Ilorin for the
period of four month as part of the requirement for the fulfillment of the
award of national diploma in estate management
Definition of SIWES, highlight aims,
goal& objective:
1.1: DEFINITION OF SIWES.
Student industrial work experience which
is a program established by I.T.F (Industrial Training Fund) in 1976 to bridge the gap between theory and practical aspect
of learning in a tertiary institution in Nigeria.
Siwes was established in Nigeria to help
student develop on their practical aspect of learning expose them to various
techniques in the industry and also help them to know the ways of handling
equipment and machineries.
The
program was established with various coordinating agencies respect to each
tertiary institution in the country. These agencies are:
1.
NBTE (National Broad for
Technical Education)
2.
NUC (National
University Commission) for University
3.
NCCE (National
Commission of College of Education) for colleges of education.
The
objectives of Siwes among others include to:-
v
Provide an avenue for
students in institution of higher
learning to acquire industrial skills and experience in their approved courses
of study
v
Prepare students for
the industrial work situation which they are likely to meet after graduation
v
Expose students to work
methods and techniques in handling equipment and machinery not available in
their institution
v
Provide students which
they are likely to meet after graduation
v
Expose students to work
methods and techniques in handling equipment and machinery not available in
their various institutions.
1.2 BRIEF HISTORY OF SIWES
Student
industrial work experience scheme (Siwes) was established by Industrial
Training Fund (ITF) in 1973/1974 to solve the problem of lack
of adequate practical skills preparatory for employment in industries by Nigerian
graduate of tertiary institution.
Prior to the establishment of the
schemes, there was a concern among our institution of higher learning lacked
practical background studies preparation for employment in the industries.
The student industrial work experience
scheme (siwes) is a skill training program designed to expose and prepare
student of agriculture technology, environmental science, medical science and
pure & applied science for the industrial work situation one is likely to
meet after graduation.
1.3 THE ORGANIZATIONAL CHART OF
THE COMPANY
|
Senior surveyor |
|
Valuation |
|
Property development |
|
IT and SIWES students |
|
Principal partner |
|
Secretary |
|
Agency (sales & letting) |
|
Admin. |
|
Prof. Practice department |
1.4 THE MAJOR ACTIVITIES OF THE
ORGANIZATION.
The
major activities of the film include:
PROPERTY VALUATION
They value properties such as land, buildings,
and plant and machinery for all purpose including:
1.
Rating
2.
Mortgage
3.
Insurance
4.
Auditing/Balance/Preparation of Statement of Affairs
5.
Offer of Share to the Public
6.
Purchases and Sale
7.
Compulsory Acquisition
9. Rental and Certificate of Occupancy Processing
PROPERTY FINANCE AND MANAGEMENT
They undertake and advise on:
1. Property
Acquisition and disposal
2. Acquisition
and Disposal and Investments generally
3. Grants Surrenders
Termination and Renewal of Leases
4. Rents
Lease Covenant Negotiation and Reviews
5. Property
Management and Portfolio Advise [Industrial Commercial or Residential Property]
6. Facility
management [stadium, hotel, guesthouse, multipurpose, Hall, etc]
INVESTMENT APPRAISALS
Investments and project generally they include:
1. Evaluation
of project and investments
2. Feasibility
and viability studies in respect of projects including:
3. Agricultural
and Agro -allied ventures
4. Hotel
and Guest Houses
5. Factories
for large or small scale industries
6. Advice
on Management Operations
7. Advice
on investment cost and financing plans
PROJECT MANAGEMENT AND DEVELOPMENT
They provide consultancy services in
1. Property
development include design and development of building
2. Development
of Housing Estate
3. Development
of Sites and Services
4 Loan
procurement, especially national housing fund [NHF] loan for Houses
5. Consortium
financing
PROCUREMENT OF C. OF O CONSENTS, ACQUISITION AND COMPENSATION
– They advice
and assist to secure the following land documents
-Certificate of Occupancy – (statutory and
customary)
-Consents for subsequent –transaction on land for
– Mortgage
– Assignment
– Sublease/Lease
They advise on Taxation relating to land
2.5.3 Prepare and on Land Acquisition and Claims for
Compensation
BUILDING WORKS AND PLANNING APPROVALS
They also design and construct all types of
buildings, (residential, commercial office/shop-industrial Recreational etc.
Supervision of Building Works generally
Design Construction and Supervision of Alternations
– Alterations
– Improvement
– Dilapidation’s
-Repair and Maintenance Works
– Processing of Town Planning Application and plans.