₦airaland Forum

AngelicBeing:
Ni ma inajin Hausa, a Wusasa Zaria - KADUNA State aka hafai ni, na Je makaranta a Army staff school - NMS Zaria, Uncle na yaje J NMS ZARIA da NDA KADUNA

Interesting . Na my alma mata be that . Proudly an ex boy , unforgettable memories from that school and Zaria

EgunMogaji2:
@N3XT

Dude, when is the "free bike" arriving? I'm getting tired of roaming the Western states alone

Egun "poking the hornets nest" Mogaji.

Nice . Was on that road today , came from the other direction

Will try bike riding later when I grow up , Na cycling level I dey now

megacontrol:
Hello,

Did you have to go to shagamu for your CDK procurement?

Pls share if you have any contact person or rep that services Lagos orders.

Thanks

Zero 906 268 485 eight

Ben

n3xt:
Drywall Gypsum Board

I’m looking for good deal on drywall gypsum board. Anyone offering 8,000 - 8,500 per board (3m x 12mm) can please hit me up.

Ready to pickup 100 boards this morning.

Thanks.

Pop board ? 1.2 x 3 m , 12mm thickness ?

I am ready to pickup a 1000 with profiles if price is good . Keep me posted abeg

KolaShangOne:
Nigeria economy is actually just "Anywhrre belle face"

No regulations. No price controls. Excessive greed.

We will need at least 3-4months before prices start dropping.. which will also be borne out of competition and not government regulation.

Maybe it will drop in 3/4 months with new stocks , might not also , cash btw 540 and 550 now , transfer like 10 naira more , we are all praying it goes down more , there is hardship

Don’t think people see Gain of 100 or 200 % , competition will ensure that ,Am about to import pop Boards and profiles from Turkey ,had a pfi , calculated everything based on current realities , will save about 2 to 3k par board , 20 to 30 % max , suddenly manufacturer informs they will advise on new prices soon as Price of gas as gone up , still waiting

DrGoodman:
So many people went to school and got distinction in other courses, but they ended up as economic illiterates.

Imagine what an educated person is proposing?

You cap cement price at #3,200?

You didn't cap foreign exchange
You didn't cap limestone cost
You didn't cap power supply
You didn't cap road maintenance and other infrastructure necessary for smooth logistics
You didn't cap import duties
You didn't cap double, triple taxation
You didn't cap interest rates

You just wake up in the morning and cap cement prices?

They dint cap labour , professional fees also

They are still taking the labour charge of a year or 2 ago

michlins:
Good evening everyone. I hope you had a good and successful day.

Please I need your help with making a decision. I want to build a gate and I'm currently in dilemma on the choice of design.

Will you be kind to help me choose. I'm starting it tomorrow morning.

Thank you for your time.
1
2
3
4

2 for me

Itsrm:
Where are we going in this country? After this post, I thought he was a builder, clicked on his username to feed my eyes on his projects and guess what I saw

https://www.nairaland.com/329224/2008-white-toyota-camry-unbelievable

That was a tokunbo vehicle being offered at 3.6m one year after production in 2008.

Today, the vehicle is now 15-16 years post production. Guess how much the same tokunbo is being sold?

Here sir

https://www.nairaland.com/6794680/2-units-2007-model-toyota

, naira don spoil

We bought that vehicle early 2009 . I think close to 20k $ . Guess what the exchange rate was then

spyder880:
You're right Sir, its like a football game where the team depends on the passing game to advance against their opponents (inflation) the objective is to score (profits). As soon as a client pays, the money shouldn't last long in the contractor or builder's account, you pass to the dealer, who loops the ball into the 18 yards box only for the incoming manufacturer to execute a scissors kick and there's a goal.

Problems arise when people hold on to money for too long, with big dealers, storage is never a problem because they have extra stores and warehouses all around different parts of the market and even beyond. Their goods keep coming in and stored for the owners to come for them. Warehousing comes with a cost, but some of these dealers owns their warehouses which they lock till they need to move goods from there.

Then again, we are forgetting one of the most vital economic issues, the cost of funds. Every business person knows how difficult it is to obtain interest free deposits from their customers, only the most trustworthy of businesses enjoy this benefit. Cost of capital is saved for any dealer whom the customers trust enough to deposit huge sums to, they will not have any need to borrow from banks on high interest. These funds can even be deployed to other uses like importing more goods, asset acquisition or new property purchases. I dont see any reason they shouldn't be happy we are trusting them with our money for a period of 3 months to 1 year. Imagine the turnover and the expected profits over such a long period of time.

But like I will always say, select strong businesses where you are sure they won't disappear tomorrow. There are people I can beat my chest and say they are more trustworthy than banks. Even without an agreement, they can do honest businesses with you and never cheat you. I have had to deposit large sums to people, and maybe call them a day later to remind them to prepare an invoice, and that I wont pick up till I start the new project. Also, these dealers trust me, I can call and say, move 200 bags of cement to so and so places, without paying a dime, they will move the cement and send me their account details and total cost later, sometimes a week later. There was a dealer I quarrelled with because he didn't send me his cost for over a week, I nearly even forgot about the supply.

It's all about integrity, business thrives and is much easier if there is integrity.

Very well said . The kind of advantage Integrity , trust , reliability gives in business cannot be quantified. Many are just too short term in there thinking.

n3xt:
Why don’t you buy this from Emeka shop or Mr Giwa in Orile?

That’s exactly my point.

How many people here are going to do 3 trucks of tiles?

_______

Some people will read this and go ahead to make downpayments with shady and unscrupulous businessmen.

Due diligence is required all the time

Could have gone ahead to do a transaction with a major importer of Spanish tiles, we discussed a proposal where I was to pay 50% advance , and the tiles will be imported at a good discount to what he sells , would have had no issues going that route , just felt I had a better deal at cdk . With both, objective is always to save money while getting best of quality , that’s the only way i know

n3xt:


Yours is on different scale. I’m sure you forgot the volume of cement you do in a year is more than consumption of some town in a year.

They’ll fight hard to have you na

It’s all about saving cost for me , am so wired that way . Profit /cost saving starts by buying right is my mantra , not by using less

Dirkcoyt:
Put yourself in the dealers shoes. The cement business is not even as easy as you think. Today it goes up tomorrow it’s coming down. They’re only struggling with the business too . Some days the loss will be too much the intended profitin future will only balance up and no profit made.

My supplier was lamenting to me then I told him one thing. Look you run a business the people paying ahead are also trying to dump the inflation gap on you to bear the loss. You also need to be smart to dump the loss back at them . Tell your customers you can only hold for 1month , more than that sorry you have to pay more. Why do you intend to pay 3-6 month down without picking it up if not that you’re trying to dump the inflation gap on the not so astute businessman?

Once you pay in advance and the cement distributor pays in advance with your funds before any price change occurs from the manufacturer , there is no reason they should not supply you at that old price , they get commission also , remember

The issue comes when they have to store it for you for sometime , warehousing comes with a cost, that’s where relationship comes in and also if they value the volume of business you do With them regularly. Most people with such issues will be people that buy once a while and small quantities I reckon , I think spyder also alluded to that

spyder880:
I have been reading some of our submissions about the possibility of paying for materials with the intention of picking it up later, and the fear that the sellers may refuse to release your complete quantities, or insist on refunding your money and I am getting increasingly shocked here. When has Nigeria become that bad?

I give someone a large deposit running into several millions and he is making some transactions with my money, with the understanding that they will give me my supplies at our agreed price, and I walk in 3 to 6 months later and the dealer refuses to supply me because prices has changed, why did I pay you in the first place? I paid you to hedge on inflation.

In my experience, the dealers are happy that I pay early, they immediately deploy the funds and order heavier quantities and stock them. Most of my dealers are heavy stockists, offloading trailers and in a day. I have a dealer who offload up to 5 long trucks of cement in a day, pay him and he pays BUA, Dangote or Lafarge immediately and your supply is assured. He will be turning the money over till you come for your goods, in my case I just call, give me 50 bags, he will check and say, now remaining 150 bags? I will say, yes. And my goods will be loaded. I pay only transportation and loading charges.

Business is all about integrity, and I cannot be doing business with those I cannot trust, these guys I pay for goods hasn't disappointed me even once in the last 23 years, their children grew up to continue transacting with me, and maybe my children will grow up and continue with the business arrangement, I dont think they will start now to disappoint. These guys know me too, and we have mutual respect for each other. I will give examples.

The time Y16 iron rods jumped from N5,900 to N6,400, I had over 200 rods paid for. The time POP cement jumped from 3,600 to 7,500, I had 140 bags paid for, and I later collected it, even as it took time due to non availability. There are times I pay for 1,000 bags of cement at the same time, and we monitor how I take them, no matter how long ago it is. I just maintain a file to document all such transactions.

I constantly do this, there are reputable business people that have integrity and are reliable, look for them , don’t have such issues so far in construction

early this year bought about 120 tonnes of tmt tiger iron rods , included was 50 tonnes for a project I dint start till about 4/5 months later , not even purchased the land for construction then , no stories , been buying iron rods from him for more than 10 years, price difference was close to 60k par tonne at supply

Recently my cement supplier told me 3/4 weeks ago cement was going to go up from factory by 300 , said I should pay in advance to lock in prices, normally supplies on credit , I did at 3520 , just supplied this week . 1800 bags

Paid for cdk tiles 2 months ago at the advice of the sales rep , price went up 2 weeks after , they were disturbing me since to come and pick it up , space was not ready , only received first batch of 3 trucks last week . Will stretch the others to November ending

If you cannot hedge by buying ahead , how do u save on projects then ? Look for the right peeps

@brabus , all must get sense

I have experienced it however in other lines of business , there are some Chinese coys we buy corrugation paper from , paid well ahead as my manner is to ensure continuous supply to the factory , as there were scarcity locally and internationally, and prices were rising , they refused to supply after giving half of the order , compromise was a price in between what I paid and the new price which was a 100% increase

n3xt:
Hardscaping | Building 1, Day 1

Nice . Like cobblestone

Akala express

shortgun:
Truckload of Bua cement 900bags needed in Abuja.
Distributors should contact me on
WhatsApp 08131576696.
Urgent.

Heard cement is up to 3700 wholesale now . Good luck on your search

topsy23:
Message from Coleman


To Our Dear Distributors,

We are now giving official notice to all that Coleman Prices will Increase within the next week Tuesday. Please do not hold us to specific as we will stop when we have filled our orders.

All orders paid for, must be collect between now and the notice date of the increase which would be communicated only on short notice.

All orders paid for, will be honoured at the current price till the end of the day we give the new price.

We will communicate to all the new discount next week.

We thank you for your understanding

Management

Relentless

I have sympathy for fixed income earners in this economy

Cement back at 3500/3600 wholesale

n3xt:
Here’s 4m unsupported cantilevered carport roof.

We just completed the framing today.

Nice one

Focusmind:
Ok. Good. There are about 4 blocks

4.5 blocks plus ‘ shocking ‘

Focusmind:
Bravo bro! I love well delivered cantilever without any structural problem. Is it possible to hit 2.5m for the front of the house only without any pillar?

2.25m cantilever

EgunMogaji2:
All you people stormed Ibadan without wetting the ground. There’s God o.

Eriko2K2 please jot down the names. Put Oga @rmx join

topsy23:
Is like poswer consumption is minima compare to conventional type but the cost of purchase is high .

Boss we are in Ibadan since yesterday. I will be expecting you on site today to get some clarification on the ground floor poswer distribution.

Will be around soon , will call later . Might start from bodija

Maintenance and initial cost is high but efficiency is better especially for large space , but if you get conventional type that are inverters , might be ok .

kopell:
Point of corrections, many of those central AC in commercial building and offices are not real AC. The are called water cooled chillers, the are very affordabl
Easy to maintain. AC ‘s freon cannot travel far but Chiller can, all it’s require is water to chill into the system and transfer its to condenser coil’s to cool it’s way to the units and serve as the same as AC. I hope Nigerians one day will start using the resource prudently. I’m reading debate on water heater, does it make any economy sense to buy 10 to 15 water heater that you pay electric bill for life, instead of using solar water heater that could serve the same purpose without any electric bill for life, probably at the cost of less than 1million naira at current market rate with No electric bill for life. I laugh when I see people wasting their hard earned money when there is a technology that can take care of some need at cheaper cheaper rates

My brother Just by coincidence received 6 water cooled chillers I imported 3 days ago , it’s replacement for the units we were using , I am using all types of central Ac , it’s the water cooled ones , it’s the ducted - ceiling concealed ones , dx type

Only one I have not used is the vrf type , even that I have the full quotations for the Ac , installations and power requirements , comes with inverter type , reason I was interested in the first place

Each of the attached chiller gives 65kw of cooling , about 20kw power requirements each , the installation is expensive , the indoors unit are not cheap . Not an expert in any way but i know some things

EgunMogaji2:
Of note, the USA is moving away from CAC and going to split units.

Not vrf units ? , lndoor could be many normal split or cassette while outdoor is one big unit . Still central , uses pipes instead of ducts

EgunMogaji2:
I centrally located a 50L water heater on my project and will do the same in Trinity ONE. Individual water heaters, unless instant hot, makes no sense to me.

There is this type I normally see in china on roof tops , works with solar I think and used by several rooms/ apartments

n3xt:
We are discussing warehouse.

The OP need an idea of what he’d spend to construct a 5,000sqm warehouse.

I’m thinking something between N300 - 400m. What do you think sir?

With the way things are now , have no idea , he should get a quote from peeps like you or Qs . The way prices are rising ehn ...

n3xt:


Let me share this.

Several years ago when I was still managing tech in some malls in Lagos, the central AC system at The Palms Mall developed fault and started malfunctioning.

That period a lot of tenant and visitors wished a central system wasn’t installed because it took a lot of time before the technicians could rectify the fault and many of the tenants suffered a huge loss.

Imagine being in a cinema without an AC.

Correct , if any issue , most of the shops are affected , if individual, affects only that shop

spyder880:
I think it might be because of the cost. But I will ask some people that sell and install ACs, I will like to know what the total cost for central AC will be.

Central Ac more expensive than individual Acs , same with maintenance and running cost , power might be more too , nearly proceeded With one for a project . Changed my mind after several advice .

neduboo:
How many bags did u get?

900 bags but retail should not be more than 3400 now

n3xt:
Do you have a design? The rafter of a 5,000swm warehouse won’t be less than 3 span.

A recent one done in Ayetoro on Lagos/Ibadan Expressway is divided into 7 partitions measuring 33 x 150m.

I’ve requested for full details including construction pictures to be sent.

I’ll share once I have it.

________

cc: Baba rmx

Present , Wetin I do

Got cement for 3200 today including offloading Lafarge supaset 42.5 , dollar never catch am , Na rain dey catch am