Gulf Island Fabrication Inc. (NASDAQ:GIFI) and Tidewater Inc. (NYSE:TDW) have been rivals in the Oil & Gas Equipment & Services for quite some time. Below is a review of each business including various aspects such as dividends, analyst recommendations, profitability, risk, institutional ownership, earnings and valuation.

Earnings and Valuation

Table 1 demonstrates Gulf Island Fabrication Inc. and Tidewater Inc.s gross revenue, earnings per share (EPS) and valuation.

Profitability

Table 2 provides the return on equity, net margins and return on assets of the two firms.

Volatility and Risk

Gulf Island Fabrication Inc. is 3.00% more volatile than Standard and Poors 500 due to its 1.03 beta. Competitively, Tidewater Inc. is 77.00% more volatile than Standard and Poors 500, because of the 1.77 beta.

Liquidity

Gulf Island Fabrication Inc.s Current Ratio is 2.8 while its Quick Ratio is 2.7. On the competitive side is, Tidewater Inc. which has a 4.3 Current Ratio and a 4.1 Quick Ratio. Tidewater Inc. is better positioned to pay off short and long-term obligations compared to Gulf Island Fabrication Inc.

Insider & Institutional Ownership

Roughly 69.3% of Gulf Island Fabrication Inc. shares are held by institutional investors while 83.4% of Tidewater Inc. are owned by institutional investors. Gulf Island Fabrication Inc.s share held by insiders are 4.2%. Comparatively, insiders own roughly 1.2% of Tidewater Inc.s shares.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

For the past year Gulf Island Fabrication Inc. had bearish trend while Tidewater Inc. had bullish trend.

Summary

On 6 of the 10 factors Tidewater Inc. beats Gulf Island Fabrication Inc.

Gulf Island Fabrication, Inc., through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures for customers in the oil and gas, and marine industries in the United States. The company fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules; produces and repairs pressure vessels used in the oil and gas industry; fabricates various other types of steel structures; and provides onshore and offshore scaffolding and piping insulation services. It also fabricates and repairs offshore supply vessels, anchor handling vessels, lift boats, tugboats, towboats, barges, and other marine vessels; constructs dry docks to lift marine vessels; and offers steel repair, blasting and painting, electrical systems repair, and machinery and piping system repairs, as well as propeller, shaft, and rudder reconditioning. In addition, the company provides interconnect piping services on offshore platforms and inshore structures; fabricates pressure vessels and packaged skid units; and on-site construction and maintenance services, as well as offers conversion projects. It serves oil and gas companies and their contractors, petrochemical, marine, offshore support, offshore and inland barge, support vessel operators, offshore construction contractors, alternative energy, and diving companies, as well as the U.S. Army Corps of Engineers, the U.S. Coast Guard, the U.S. Navy, and state and local governmental agencies and their contractors. Gulf Island Fabrication, Inc. was founded in 1985 and is headquartered in Houston, Texas.

Tidewater Inc. provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and anchor handling towing supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats and utility vessels to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in towing floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; independent exploration and production companies; government-owned or government-controlled organizations, and other companies; drilling contractors; and other companies, such as offshore construction, diving, and well stimulation companies. As of March 31, 2017, it owned or chartered 260 vessels and 8 ROVs. Tidewater Inc. was founded in 1956 and is headquartered in New Orleans, Louisiana.

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Comparison of Gulf Island Fabrication Inc. (GIFI) and Tidewater Inc. (NYSE:TDW) - The Broch Herald

Alpine Painting has proudly served the New Jersey area with high quality commercial painting for over 35 years. Our industrial shop painting & sandblasting facility, headquartered in Paterson, New Jersey, is a central hub for our Tri-State operation. Our painters travel throughout Northern & Southern New Jersey in Passaic County and Bergen County, as well as Union, Morris, Ocean, Cumberland, Essex and Hudson County.

Through the years, as Alpines reputation as high quality commercial painting company grew from just serviing North Jersey, to a coverage area of a 200 mile radius of Paterson, NJ. Today, Alpine Painting provides our commercial and industrial painting & sandblasting services in Central Jersey, as well as South Jersey, East & West NJ.

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Alpine Commercial Painting Contractors Service the following Cities and Towns in North Jersey

Paterson, Clifton, Montclair, Passaic, Garfiled, Hackensack, Paramus, Teaneck, Fort Lee, Englewood, West New York, Fair Lawn, Livingston, East Rutherford, Vernon, Hamburg, Parsippany, Wayne, Morristown, Plainfield, Newark, Bloomfield, West Orange, East Orange, Irvington, Kearny, Linden, Westfield, Jersey City, North Bergen, Elizabeth, Union City, Hoboken, Bayonne, Linden, Hillsborough, Union, Fort Lee, East Brunswick, North Brunswick, Bridgewater, Mahwah, West Milford, Ramsey, Teterboro, Saddle River & Saddle Brook.

Commercial Painting & Industrial Sandblasting Services in Central Jersey and South Jersey

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Alpine Paintings commercial painting work can be seen all over the Tri State area, especially our home state of New Jersey. We have provided our professional painting services to NJ townships and local business owners for over three decades with glowing reviews.

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Please contact us for quotes and questions on your commercial painting or industrial sandblasting projects in New Jersey. We have proudly served the state of NJ and its local business owners with our professional painting services for over three decades.

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Commercial Painting Contractors New Jersey | Alpine Painting

Free Arts for Abused Children adds board members

Free Arts for Abused Children of Arizona is pleased to announce Andrew Yocopis and Maggie Blackwell have joined the nonprofits board of directors.

Andrew Yocopis, an attorney at Greenberg Traurig, LLP, focuses his practice on a wide-range of real estate matters. He represents clients in the acquisition, development, financing, leasing, and disposition of various commercial properties, including multifamily and mixed-use developments, office buildings, shopping centers, industrial sites, and hotels. Hes a former board member at Berkeley Law Foundation, associated with ULI and Valley Partnership and a volunteer with United Way, CASS and Ballet Arizona.

He says, I am personally interested in Free Arts Mission to transform childrens trauma to resilience through the arts. There are very few organizations that combine arts and education in the impactful way that Free Arts delivers its services. I feel very connected to Free Arts mission and the communities it serves.

Maggie Blackwell is director at Mitsubishi UFJ Financial Group (MUFG), where shes responsible for Core Banking Transformation. Shes a former board member at Tumbleweed Center for Youth Development, a volunteer at Big Brothers Big Sisters of America and St. Marys Food Bank.

Maggie noted, I like the combination of helping at risk youth with a focus on the arts. I know it can be very beneficial in healing. I personally enjoying painting, going to art galleries and supporting up and coming artists. I look forward to serving on the board and helping them to continue to grow.

SVN Desert Commercial is a full service comprehensive commercial real estate brokerage in Phoenix, AZ. Every month in 2019, SVN has been nationally ranked in the TOP 10 offices within the SVN International Corp. network. With over 200+ offices around the country and the addition of the international SVN franchises, there is one commercial real estate managing director that continues to increase the level of his sales training expertise through top level commercial real estate certifications.

Just last week, Managing Director Mike Gallegos was named The Massimo Groups 2019 Contributor of the Year. Gallegos was recognized as an individual who has made a substantial contribution to the organization through developing new curriculum and expanding the client experience to new levels. Gallegos has also been serving as a sales training manager to several SVN offices across the country. He has worked with SVN in Phoenix since 2016 and has spent endless hours to get certified in several areas of commercial real estate that brings value to advisors who are continually increasing the level of performance from month to month. I think what we do here at SVN Desert Commercial Advisors goes way above and beyond what most brokerage firms do in preparing Advisors for success, said Gallegos.

The training transcends the usual basics, using skills development tracks built on personalized up-front assessments and deliberate practice to hone the critical building blocks of economics, financial analysis, sales, and the encyclopedic knowledge of the local market.. Gallegos stated, We intentionally seek out progressive, fresh training materials to augment the program, master the content through the certification process, and then adjust and implement so we can enable the Advisors to transform the client experience.

The law firm of Jaburg Wilk announced that Echo A. Reynolds joined the firm as a partner in their bad faith litigation, insurance coverage, and commercial litigation groups. Before joining Jaburg Wilk, Echo represented clients at another Arizona law firm in insurance coverage, insurance defense, bad faith litigation, and business law matters.

Echo is an excellent addition to our firm and our insurance law group, said Insurance Law Practice Group Leader Nate Meyer. Her bad faith and insurance defense litigation experience coupled with her business law knowledge adds another dimension of expertise for our insurance clients.

Echo received her J.D. from Arizona State University, Sandra Day OConnor College of Law and her undergraduate degree, magna cum laude, from Arizona State University. She is admitted to practice in Arizona and is a Judge Pro Tempore for the Maricopa County Superior Court.

Jeff Williamson has been promoted to President of the Transportation Group for Sundt Construction, Inc.

Williamson brings over 30 years of experience in the construction industry to his new position. He began his career in the construction industry as a field engineer in 1986 and has worked in both the field and the office at all levels of the business. Prior to joining Sundt, Williamson served for 15 years as a regional vice president for a large civil contractor in the Southwest, where he helped grow annual volume from $28 million to $242 million. Upon joining Sundt in 2011, he assumed the role of senior vice president and heavy civil division group manager. Under Williamsons leadership, the group has performed more than $2 billion worth of work across Arizona, Texas, New Mexico and Utah and expanded into the Intermountain Region by opening an office in Salt Lake City.

With Jeffs leadership, the Transportation Group has made important contributions to our companys success and strategic direction, said G. Michael Hoover, Sundts President, CEO and Chairman of the Board.

Williamson holds a masters degree in civil and structural engineering and bachelors in civil engineering, both from the University of Arizona. He is a member of the American Public Works Association, The Road Information Program (TRIP) and a former Chairman of the Arizona chapter of the Associated General Contractors of America (AGC).

In a move that cements Phoenix Childrens position among the nations top pediatric heart programs, the Heart Center has named John P. Breinholt, III, MD, as Division Chief of Pediatric Cardiology. Dr. Breinholt rounds out a team of top-tier talent at the Heart Center, ranked No. 14 in the nation by U.S. News & World Report and one of just 10 programs in North America to earn the Society of Thoracic Surgeons highest distinction.

Dr. Breinholt comes to Phoenix Childrens from the University of Texas-Houston and Childrens Memorial Hermann Hospital in Houston, part of the Texas Medical Center, where he served as Professor and Chief of Pediatric Cardiology and co-director of the Childrens Heart Center.

Its difficult to contain our excitement about Dr. Breinholts arrival, said Wayne J. Franklin, MD, FACC, Co-Director of the Heart Center and Director of Adult Congenital Heart Diseaseat Phoenix Childrens. There is no exaggeration in saying our Heart Center has some of the very best physicians and offers the most comprehensive heart care available.

An interventional cardiologist by training, Dr. Breinholt offers special expertise in heart catheterization to provide less invasive treatment of congenital heart defects. Throughout his 20-year career, he has treated thousands of children with a wide range of heart conditions. He focuses on providing less invasive therapies to some of the most vulnerable patients, which include premature babies weighing less than two pounds. These procedures can help prolong, and even avoid, major surgery for children with heart defects.

One of the countrys foremost pediatric cardiothoracic surgeons has joined the top-ranked pediatric heart program at Phoenix Childrens. Roosevelt Bryant III, MD, now serves as surgical director of the Cardiac Transplantation and Mechanical Assist Device Program at Phoenix Childrens Heart Center, ranked 14 in the nation by U.S. News & World Reports Best Childrens Hospitals and one of just 10 congenital cardiothoracic surgery programs in North America to earn the Society of Thoracic Surgeons highest-achievable three-star rating.

Dr. Bryant is a remarkable surgeon and already an asset to our team, said Daniel Velez, MD, co-director of the Heart Center anddivision chief of cardiothoracic surgery at Phoenix Childrens. Not many surgeons have his mix of experience and talent treating the difficult congenital heart conditions that we see at the Heart Center. His addition brings incredible value for our families, and our entire staff, to have access to such talent right here in Arizona.

At Phoenix Childrens, Dr. Bryant is responsible for overseeing cardiac transplant surgeries for pediatric patients of all ages, as well as implementation of mechanical assist devices for patients who have hearts that are not functioning properly.In his most recent positionas a heart transplant surgeon at Cincinnati Childrens, he transplanted more than 60 infants, children, teenagers and adults with complex heart conditions.

AZ Business Leadersis an annual business-to-business publication that combines the whos who of Arizona business community with their valuable leadership advice and knowledge. The magazine is published byAZ Big Media. To learn more about Az Business Leaders, contactSheri Brown, director of sales.

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On the move at Free Arts, SVN, Jaburg Wilk, Sundt, PCH - AZ Big Media

Paint Sprayer Market Introduction

A paint sprayer is used to coat a large surface with paint evenly as a protective coating. The advantage of using a paint sprayer over the brush and roller is that it requires less time to paint the same area. Paint sprayer is used to paint wood, brick, and metals. Paint sprayers are used in various industries such as automobile, manufacturing, construction, and marine. Hand-held airless paint sprayers are an ideal option for painting a fencepost.

Paint sprayers can be cleaned easily by running water through it. By pouring paint thinner into the sprayer, even the toughest oil based paint remaining in the sprayer can be easily removed. Cleaning the sprayer and nozzles thoroughly increases the shelf life of the paint sprayer. Paint spray devices are available in different sizes and varieties depending on its end user (professional painters, homeowners, and contractors). Drop-forged aluminum paint sprayers are strong, durable, and lightweight.

Paint Sprayer Market- Competitive Landscape

BLACK+DECKER Inc.

Incorporated in 1910, Black & Decker (U.S.) Inc. is power tools manufacturing company. The companys product categories include hand tools, appliances, automotive products, cleaning products, home and office products, protective equipment, storage products. Apart from this, the company provides parts and repairs. The company is well known for the collection and recycling of rechargeable batteries. The company is located in Baltimore, Maryland. Black & Decker (U.S.) Inc. operates as a subsidiary of Stanley Black & Decker, Inc.

Wagner

Wagner is a market leader in advanced paint applicators who develops and markets a wide array of painting and decorating products. The applications include commercial painting, home improvement, and industrial fine finishing. The company is famous for its full research and development, engineering, manufacturing, and distribution capabilities.

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ECCO FINISHING

Incorporated in in the year 1931, the company is a manufacturer of quality products for application of liquid paint, wax, glue and sealing materials. The company has manufacturing unit in Skara, Sweden.

Rigo

Since 1944, Rigo are a leading painting equipment manufacturer. The company has specialization in manufacturing spray painting, equipment and accessories. The products have wide range of applications which includes building, nautical, automotive, joinery and carpentry field.

Fuji Spray

Incorporated in 1986, Fuji Spray is market leader in tan spraying equipment. The company is well known for HVLP spray tan models UL & CSA approved for use as cosmetic devices.

The other key players in the market are Exel Industries, Graco Inc., SATA GmbH & Co, Hi Tec Spray, HomeRight Inc., Dino-power, Airprotool, Shanghai Telansen, 3M, Binks, and Oliver Technologies and others.

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Paint Sprayer Market Dynamics

The paint sprayer market is anticipated to rise due to rapid development in technology. Brisk urbanization, increasing number of manufacturing industry units, and a growing construction sector are macro-economic drivers of the paint sprayer market. Increasing penetration of passenger cars is another factor increasing the demand from the automobile industry for paint spraying equipment. A restraint of the paint sprayer market is that the cleaning of paint sprayers is expensive compared to rollers. Also, the high pressure paint sprayer is dangerous if not handled with proper care.

Paint Sprayer Market Segmentation

Based on product type, the market can be segmented into

Conventional paint sprayer is best suited for smaller projects as it is affordable. Conventional paint sprayers make use of dry and clean compressed air to transfer the coating from a pressurized pot into the material hose, thereby atomizing the stream of paint when it exits the nozzle of the paint sprayer gun. Airless paint sprayers does not directly use compressed air to atomize the coating material; rather it atomizes the fluid, and high hydraulic pressure (500 to 4500 PSI) to deliver paint to the spray gun.

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Paint Sprayer Market: Expanding Application Areas To Drive The Global Market Growth - TheFinanceTime

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John Mueller is all smiles as he carries a stack of couch cushions to his newly rebuilt home on Tiburon Court in Port Orchard on Saturday. The Muellers' home was destroyed during the Dec. 18, 2018, tornado, which ripped the entire roof off of the home.(Photo: MEEGAN M. REID / KITSAP SUN)

PORT ORCHARD Beth Mueller learned that the roof had been blown off her home when a neighbor texted her a pictureon the TV news.

"It was just insane," she said. "To see it completely mangled, it was just heartbreaking."

The image of "the red house with no roof" went viral, becoming an icon for the freak tornado that struck Port Orchard on Dec. 18, 2018. The tornado plowed a 1.4-mile path of wreckage and causeda total of$1.81 million in damage to homes and businesses. No people were seriously injured or killed.

The tornado's power, EF-2on a scale of zeroto 5, was such that corners of the Mueller's home were torqued. Remains of the roof were never found.

Exactly 11months to the day, on Nov. 18, the Muellers passed inspection on their rebuilt home. They moved in Saturday.

"It's not moving day. It's coming home day," Beth's husband, John Mueller, said.

And, yes, the new house is painted red.

Beth Mueller and her ex-husband bought the house on Tiburon Court in 2003. "It's literally the only home my kids have known," she said.

John and Beth married in 2015, blending a family of his two girls Hannah andJasmin and her two kids Amber and Nick. Jasmin Mueller, now 17, and Nick Watson, now 18, were the only two still living at home last fall, both attending South Kitsap High School.

The tornado hit just as school was letting out, so Beth, at work in Puget Sound Naval Shipyard, knew they hadn't been at the house during the storm. She and John, also a PSNS employee, took a back routehome to avoid "insane" traffic on the main roads.

Hannah Mueller carries Christmas presents to the driveway of her parent's home as she helps salvage what they can from their now roofless structure on Tiburon Court in Port Orchard on Dec. 19, 2018.(Photo: MEEGAN M. REID)

Their first thought was for the pets.

The neighborhood was blocked off, but firefighters allowed them to walk in. John, with help from two firefighters, located the Muellers' two dogs, Cinder, a chocolate lab, and Merida, a corgi mix, safe in their kennels in the downstairs den.

Hannah's dog Lyla also was at the house that day and had found refuge under a fallen china hutch. Nick's elderly cat Summer was hiding unscathed under Nick's bed. Even Jasmin's rabbit Gandalf the Grey made it throughalthoughcovered in shreds of insulation.

John Mueller and the firefighters evacuated the menagerie to where Beth waitedanxiously. "So I have the rabbit in my jacket, the cat in a carrier and a dog in one hand," John said. "All our animals survived, which was beautiful."

John believes his Army infantry training kicked in that day. "In the infantry, you are mission-centered," he said. "You take all the emotions out and you do what needs to be done."

A large red family house known locally as the 'red home' lost its roof when a tornado hit Port Orchard. Joe Jacquez, wochit

The next day, they had just a short window of time to salvage what they could from the house before it was red-tagged. Among the things they saved: Beth'spiano, Jasmin's vanity andthe rocking chair from when John's girls were babies.

The Muellers have nothing but praise for their insurance company (Allstate), which sent a "catastrophe team" to assess their loss and quickly cut a check for reconstruction. Some of their neighbors have struggled with getting settlements and at least one has yet to move back in, according to the Muellers.

Their coverage for a temporary rentalwas for one year, so the rebuild needed to move quickly.

The first roadblock: their foundation was cracked. The whole house would have to go.

Demolition was Jan. 29. John Mueller still has the video on his phone ofwhen the two-story machinebegan clawing at the house, crunching an upstairs window.

"Absolutely surreal," he said "This was kind of a hard day ... when we had to say goodbye to the old red house."

The Muellers were their own contractors and have learned a ton about permitting and local building codes. They went with Coval, a local construction company. The split level is gone, the layout is flipped, the garage now on the left. But they've replaced their four-bedroom andincreased their square footage from 1,822 to 1,910.

John Mueller documented their construction progress on Facebook. They hit another snag in September, when there was a delay in the electrical hook-up on which other steps of the rebuild depended. Coval found a workaround, and interior work continued. John applied pressure to Puget Sound Energy, and the hookup took place near the end of September.

Exterior painting was done by early October. The interior was painted and appliances installed in mid-October.

There was a recent scramble to spread topsoil and hydroseed before the inspection, but they pulled it off.

Beth Mueller unloads a bed frame from the U-Haul as she and her family move into their newly rebuilt home on Tiburon Court in Port Orchard on Saturday.(Photo: MEEGAN M. REID / KITSAP SUN)

Beth says the rebuild was "super-stressful." She jokes since their marriage has survived this, it can survive anything. She can't wait to cook Thanksgiving dinner for the whole family back in her own home.

John, walking with his wife throughempty rooms two days before move-in,displayed his ever-ready optimism.

"This has been a long road, but it's been a good road, hasn't it?" he said. "What's the biggest thing? Always keep a smile.You know what? This house, it was just stuff. Everybody was OK. I knew we'd be OK. With faith, all things are possible."

Beth got a tattoo on her right leg. It shows a tornado, ruby slippers and a rainbow.

"God's promise, right?" she said.

John commissioned from a woodworker in Bonney Lake a plaque that hangs outside their front door. It shows the old house in the background being carried away by the tornado. In the foreground is the new house, study and bright, with a yellow brick road out front.

"Let me just say,home ... there's no place like home," Johnsaid. " We have our old house that's going away. It's in the past. This is new. This is us. Everything ...everything leads home."

John Mueller shows off the artwork that features the old house in the background being carried away by the tornado. In the foreground is the new house, study and bright, with a yellow brick road out front. The woodworking piece hangs next to the family's front door of their new home on Tiburon Court in Port Orchard.(Photo: MEEGAN M. REID / KITSAP SUN)

Read or Share this story: https://www.kitsapsun.com/story/news/local/2019/11/25/port-orchard-tornado-blasted-red-house-family-everything-leads-home/4272526002/

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For tornado-blasted red house family, 'everything leads home' - Kitsap Sun

Watercolor illustration by Peili Wang of Chelsea development 246 West 16th Street, where broker Doug Bowen is an advocate for the use of art in real estate marketing

With the residential sales market in New York struggling from declining overseas interest and a multitude of political factors, owners and their brokers marketing higher-end properties have had to get creative about standing out from the rest of the gleaming and amenity-laden pack.

And some are choosing old-fashioned illustration as a marketing tool.

Traditionally, the promotional images shown to potential buyers, especially when a property is still in development, are polished looking renderings. For existing properties, there are slick brochures packed with photos of the interiors and outdoor space. And while this is still very much the norm, a handful of owners and their agents have begun utilizing more traditional art and illustration to attract a buyers eye.

Recently, developer Lightstone commissioned an illustrator called Kneeslappa to create a a drawing of Lightstones 130 William in the Financial District. The drawing process was made into a video that was posted on social media to celebrate the buildings 10,000th Instagram follower. Illustrator Josiah Hanchett was also recently tapped for a similar project to sketch the views from L&M Development Partners and the family behind J&R Musics 25 Park Row in Lower Manhattan as theyd appear from a penthouse once its completed. Additionally, a four-unit luxury building owned by Grid Group, 246 West 16th Street in Chelsea, will soon launch sales using watercolor illustrations of the propertys faade and interiors by artist and interior design professor Peili Wang.

That said, no one should mistake the interest of the aforementioned developers as a trend.

Wang, who has illustrated professionally for 20 years and taught design and illustration for nearly that long, has always seen a steady amount of interest from real estate professionals. But never a sudden spike that might indicate a fad, even as commercial illustration has made a comeback in recent years. He believes its just a matter of preference, and during this time, Wang been called on to create plenty of computer-generated renderings as well as what he refers to as freehand versions with watercolor. He recently did one for the Library of Congress in promotion of a massive renovation project announced last spring.

What Wang has seen however is that watercolors are requested far more for residential properties than for commercial ones.

Residential projects are special; theyre interested in traditional, he said.

As for Wangs work for the new Chelsea development, one of the brokers representing the property, Doug Bowen of Douglas Elliman, concurred that illustration isnt particularly on the rise but Bowen is already a believer in it, having always incorporated art in some form when promoting his listings.

For over a decade, hes organized or helped put together art exhibitions at homes and spaces hes shown and has found doing so to be consistently effective. He and his team have also had art made by artists who are local to properties theyre marketing blown up and displayed on wheatpaste on construction walls. Additionally, as an art lover and avid collector himself, Bowen finds it important to make sure homes hes selling come properly move-in ready with lighting that would highlight art on the walls.

I believe art is extremely important in real estate, said Bowen. Were selling a lifestyle when were selling a property like 246.

Although its impossible to pinpoint exactly how many sales, potentially interested buyers or listing clicks have been triggered by a particular marketing campaign, Bowen said he wouldnt be surprised if traditional illustration takes off in the industry based on the positive feedback hes gotten from it so far.

I think people are appreciative of thoughtful approaches to marketing, he said. I still do traditional mailers, but how do you make the mailer different from the next mailer and not get thrown into the pile that gets thrown into the garbage?

This is of course the big question P.R. professionals ask themselves every day. Alex Corda, the managing director of the P.R. firm whos involved in the marketing of 246 and the other aforementioned developments, Optimist Consulting, said ultimately it boils down to staying away from the hard sell.

While social media engagement is hugely important for properties and agents, Corda cautions the real estate professionals he represents to avoid trying to sell directly on their properties accounts and stick to making updates that will make buyers and agents want to revisit the accounts. For celebratory moments, like hitting sales goals, illustration and in particular their progress videos, have been a kind of content hes encouraged. And these days, its easy to find artists and other content creators who have an interest in real estate and architecture because they post about it. Once theyre found, Corda said hell ask them to create something that would tell our story in a different manner.

We need to continuously find ways to spark conversation, he added. I dont send people to (a propertys) website because its updated once or twice in its development, but I send them to Instagram because its fun and it has neighborhood tips and its a playful way to talk about a building as its being built.

In the case of 130 William, which was illustrated as it appeared nestled in the skyline, the goal was to depict a property that the owners envision as becoming a landmark. In the case of 25 Park, it was to give a sense of the future experience of the unfinished apartment through its views.

Not surprisingly, Corda said, the illustration posts are a lot more work than a typical social media update. The 130 William video was done after scouting many spots before finding the best perspective with which to capture the building. So he suspects even if building illustration gets more popular, itll mainly be to highlight milestone moments.

Meanwhile, some New York City properties currently under development have also been getting a boost in branding from a local artist whose work has made her a darling of the construction industry.

For years now, Gwyneth Leechs colorful paintings in acrylic and oils have depicted major Manhattan properties as theyre being built from the ground up, from the Hudson Yards shed to One Vanderbilt to the MoMA Expansion Tower.

Ironically, Leech created her first building painting as a form of personal protest when a skyscraper began to rise up across the street from her Garment District studio, obstructing her light and views. Dubbing it The Monolith, her painting process ended up being immortalized in an award-winning documentary of the same name. It was then that Leech found that she enjoyed painting real estate or more specifically the process of it being created. She soon found herself in the street with an easel, using brushstrokes to chronicle the construction process at different sites. She especially liked capturing buildings in their skeletal steel beam phase.

When showing some of these works at an exhibition, a friend mentioned he knew someone whod appreciate the subject matter and that person turned out to be the president of a construction company who collected art. He later invited Leech to hold an exhibition in his office, and through that connection, Leech also met an art buyer for Brookfield. Over time she was approached by other real estate professionals, in particular those involved in construction and steel contractors, who were looking to memorialize their own work.

It was a very organic kind of thing, word of mouth and posting my art on Instagram, said Leech.

In recent weeks, her painted properties were also on view on the streets of New York City as they glowed from the sides of LinkNYC kiosks. This was after having pieces she submitted get accepted for a public art program run by the public Wi-Fi service. She also had a recent exhibition, done in collaboration with Clinton Housing Development Company, a nonprofit aimed at creating more affordable housing in the Hells Kitchen area.

While most of her works are buildings she chooses to paint, she does take commissions and if an owner or broker wanted her to create a specific property, Leech said shed consider it.

However, she noted, It would depend on the project and whether its in my area of interest.

She recently turned down an offer to paint a hotel after learning construction had already finished. I said no, I cant really help you. My work is definitely about the process.

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You should be in pictures: Developers turning to illustrators to showcase properties - Real Estate Weekly

The construction of the Out Patient Department (OPD) ward at Eria Health Centre IV in Moyo Sub-county, Moyo District, in Uganda has stalled for seven months over lack of funds. Construction commenced in November 2018.

The project that was awarded to Iron Investment and Construction Ltd, a construction firm based in Arua District, was supposed to end in March this year. District officials have revealed that they have so far released US $3.4m out of the US $4m needed for the completion of the project.

Mr Alex Chelimo, the Moyo District chief administrative officer, stated that it is true the work has stalled for over seven months and they have written warning letters to the contractor twice but he did not respond. We may be forced to seek the advice of the Solicitor General, he said.

What is now remaining is grinding the stones, putting bulbs, painting and working on some of the cracks in some of the rooms, he added.

Also Read:Rwanda to upgrade Nyamata hospital in Bugesera

Mr Daniel Buni, the Moyo Sub-county chairperson, advised the district leaders to take serious action against errant contractors. The way some of the contractors are doing their work is sometimes uncalled for and something has to be done so that we have the value for money, Mr Buni said.

Mr Williams Anyama, the Moyo District chairperson, said the contractor has deprived the locals of service delivery. How can government entertain this kind of people? The contractor cannot do this at the expense of ordinary people. We care about the people and the project must be completed, he said.

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Construction of US $4m health centre ward in Uganda stalls - Construction Review

The gateway to Opotiki has been restored to its former glory, with the cleaning and painting of Waioeka Bridge now complete.

Waka Kotahi NZ Transport Agency is pleased to announce the scaffolding surrounding the iconic 92-year-old bridge has come down, and the refurbishment is finished.

Bay of Plenty Transport Systems Manager, Rob Campbell, says it is fantastic to see the Waioeka Bridge cleaned, painted and looking great in time for summer.

We know that this was a significant and long-awaited project for the community, and we are thrilled to have been able to deliver this for them.

The bridge is looking almost brand new and will make a real difference to Opotikis gateway.

We hope the community and those visiting the area will really enjoy the finished product.

Cleaning, treating and painting the large and challenging structure presented a complicated task for the Transport Agency and its contractors.

A lot of time was spent finding a method that would allow the bridge to be cleaned to a high standard, while ensuring the preservation of the surrounding environment.

Rob says despite these challenges, the project has been a huge success.

Higgins Project Manager Roger Greaves says protecting the waterway beneath the bridge was a top priority.

We made sure there was a thorough environmental management plan in place to ensure no contaminants entered the Waioeka river or the stormwater system which feeds into it.

Rogersays contractors were also able to identify and complete several concrete repairs on both sides of the bridge during the process.

With the cleaning now finished, the Transport Agency is investigating methods to refurbish the historical plaque on the inside of the bridge.

Plan ahead for a safe, enjoyable journey this summer. Keep up to date with:

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Tertiary Education Trust Fund (TETFund) is the backbone of infrastructural development, training and equipment procurement in public tertiary institutions. However, JUSTINA ASISHANA reports that contractors failings, poor project implementation and opaqueness of project procedures are undermining the impact of the fund.

IN 2010, the Federal University of Technology (FUT) Minna had only one capital project construction of Cyber Security Science Department funded by the Federal Ministry of Education. Nine years later, the project has not been completed because of inadequate funding. However, between 2010 and 2018, over 10 projects, embarked upon and funded by the Tertiary Education Trust Fund (TETFund) in the university, have been completed.

Juxtaposing these situations, it is not surprising that most tertiary institutions execute projects through TETFund. They have come to rely heavily on this fund for the structural, physical and academic development of their institutions.

The 2011 TETFund Act established the intervention agency, with specific responsibility for managing, disbursing and monitoring the proceeds of the two percent education tax onassessable profits of registered companies. It is for public tertiary institutions.

Section 7(i) to (e) of the TETFund Act 2011 provides, among others, for the provision and maintenance of essential physical infrastructure for teaching and learning, instructional materials and equipment, research and publications, academic staff training and development and any other need, which in the opinion of the Board of Trustees is critical and essential for the improvement of quality and maintenance of standards in higher educational institutions.

The Director, Central Research Laboratories of the University of Ilorin (UNILORIN), Prof. Musa Toyin Yakubu, said: If there was no TETfund, our universities will not survive. In this university, we live and breathe TETfund. Our buildings, most researches and staff development are always done under the auspices of TETfund. I think they should just name all universities, Universities of TETfund.

This observation may not be far-fetched, especially as an investigation conducted on some federal tertiary institutions in the North-Central confirmed that TETFund has been crucial to capital development in universities, polytechnics and colleges of education.

However, even with the impact TETFund is making, it is not all smooth sailing. On the surface, it seems institutions have done well with the intervention funds. However, some of the funds are not being accessed because of sharp practices by contractors who may be conniving with the departments saddled with the responsibility of assigning projects to contractors.

Investigation showed that most of the funds allocated to universities were not being accessed as allocated yearly, because of the inability of contractors to meet the deadlines given to them. As a result, approved funds are not usually accessed until years later.

How contractors delay work

The contract awarding process involves biddings, and institutions usually give preference to the lowest responsible bid. However,The Nationlearnt that some of the contractors do not provide accurate information about their capabilities.

Such was the case of the contractor who was first awarded the contract for the construction of the School of Engineering and Engineering Technology Phase II at FUTMinna.

It was gathered that the contractor was given the contract on July 7, 2015 same day the construction of the School of Agriculture and Agricultural Technology Phase II was given to another contractor. The contracts were supposed to be completed on July 19, 2016.

An investigation byThe Nationrevealed that while the contractor in charge of the School of Agricultural Technology delivered on time, the contractor handling the School of Engineering dilly-dallied until the contract was revoked.

When questioned over the delay in the project, FUT Minna Vice-Chancellor Prof. Abdullahi Bala said the contractor diverted the funds to another project. He added that during recession, in early 2016, prices rose and the contractor could not meet up.

He said: The contractor handling the School of Engineering project, instead of putting efforts in making sure that he goes by the terms of the agreement, he mobilised his resources elsewhere to some other projects, so the project in FUT Minna suffered. When the recession came in late 2015 and 2016, the prices doubled, and he came back asking for variations. He told us that he was being affected by the depreciation of the naira.

However, if he had done his work within the specified period, the depreciation of naira would not have affected him. Therefore, a project that would have been completed in 2015, we are still struggling with it, and this is 2019. It is just about now that we had to get another contractor to come in for us to complete it.

In a document obtained by the reporter, the contractor of the contract was stated as Messrs Gridtech Construction. The total sum of the contract is N176,165,959.

A similar issue of incompetence or clear fraud may have been suspected in a contractors handling of the construction and furnishing of a lecture theatre for the Institute of Education Phase II, at the permanent site of the University of Abuja (UNIABUJA).

The contract, awarded to CF Cofel International Ltd Suleja, Niger State, was terminated while it was only 10 per cent complete. The contract sum was N410,877,888 and the contract was awarded in September 2015 and expected to be completed in February 2016.

Documents obtained revealed that N230,091,617 was released. However, the reporter could not get any information on whether this amount was given to the contractor. No member of the university management was willing to cite the reason the contract was terminated. It is also not clear if the contract has been re-awarded to another contractor.

This reporter could not reach the contractor to get his side of the story.

When contractors delay execution of projects, institutions experience delays in accessing TETFund grants.The Nationdiscovered that just as contractors do not provide adequate information about their capacity to do a job, they do not disclose their ability to assess funds to implement the project or provide the necessary equipment.

Therefore, while the monies wait for disbursement, there are delays in the project as most institutions like the FUT Minna and UNILORIN claimed they would not release any fund unless the project followed due process.

FUT Minna VC said: The delay in projects is not because of non-payment because the monies are already there waiting as TETFund releases money to the institution who will in turn release to the contractors according to the work done. So you see, some contractors, they will delay and delay because of inadequate capacity.

TETFund projects (2015-2019)

Between 2015 and 2019, at UNIABUJA, of 11 projects awarded under TETFund, only one, the construction and furnishing of library/resource centre building for the Institute of Education Phase I, at the permanent site, has been completed.

Other projects such as the supply and installation of two generators, construction of power equipment house and entrance gate for the Institute of Education Phase I, construction and furnishing of an administrative building for Phase I and II, construction of entrepreneurship centre some of which were awarded in 2015 are still ongoing and are at different stages (40-80 percent) of completion.

At the FUT Minna, within the period under review, 25 projects were awarded of which 16 have been completed while nine are still at various stages of completion. The FederalUniversity, Lafia, has had 26 projects with 17 completed and at in various stages of completion.

At the Federal University, Lokoja, majority of the 28 projects initiated had been completed when our reporter visited in August.

One of the students said the multipurpose complex was inaugurated earlier in the year while the other projects were being used. Going round the institution, to the block of laboratories and classrooms complex, it was observed that the laboratories were equipped and had some students were carrying out practical sessions.

At the University of Jos (UNIJOS), out of 10 TETFund projects (2015-2018), seven have been completed and handed over to the institution. The projects remaining include the construction of the Faculty of Management Sciences, Faculty of Engineering, and the rehabilitation of the burnt Library all at the Naraguta campus, Jos.

At UNILORIN, none of the building projects under 2013 to 2016 merged TETFund annual interventions have been fully completed.

The construction of the extension of the main library has already been roofed and awaiting finishing touches and fixing of the windows, doors, and others; construction of the administrative block for Environmental Sciences, Department of Quantity Survey, Estate Management, Surveying, and Geo-informatics are still underway.

Workers were seen on site in the proposed departments of Estate Management, Surveying, and Geo-informatics. However, they were jittery upon sighting this reporter and disallowed her from taking pictures. They also refused to answer questions on the project and threatened to beat her up.

Shoddy Work or Poor Maintenance?

In some of the institutions visited, it was discovered that the walls of recently completed projects were already cracking and the paint peeling off while some of the infrastructures, especially the chairs brought with TETFund grants for the lecture rooms had already broken down.

At the Federal University, Lafia, the collapsible chairs in the Department of Computer Sciences, tagged TETFund 2013, had broken down in some of the lecture rooms.

At UNIJOS, some of the projects like the proposed Faculty of Management Sciences, and the proposed centre for film and communication arts, as well as the faculty of engineering, despite having been completed still needed painting or furniture.

At the Federal University, Lokoja, a visitor is greeted with rows of blocks of classrooms and laboratories that already have their paints peeling and walls cracking. Although the new structures constructed from 2018 are still standing, other structures with inscriptions of 2011-2013 already show signs of wear and tear.

At UNILORIN, it was also observed that TETfund projects, which are not up to 10 years, had cracks appearing on most of the buildings. Part of the block in the Faculty of Life Sciences showed serious signs of decay while the Center for Laboratory Research had cracks and peelings.

However, this reporter was unable to ascertain if the decay was a result of poor maintenance or shoddy work by the contractors.

Some of the workers said that not all the projects were given to experts. One, who preferred not to be named, said increased supervision of project implementation was necessary.

One question the school needs to ask itself is if these buildings constructed stand the test of time and do the contractors do what they are meant to do?

On my part, I think they need more supervision both from TETFund and the institution. If this is done, I am sure the contractors would do the right thing and not cut corners unnecessarily.

Pointing to one of the TETFund buildings already peeling, he said, Look at that building, the plaster is already peeling off. This project was done under 2009 intervention which means the project was completed sometime in 2010 or 2011. The right contractors should be given the job, those who know the job, give it to someone who knows his onions and they will do the job better.

If you go round the university, you will see buildings with cracks all over, these are buildings that are not more than 10 years. I built my own house earlier than that and there havent been any cracks.

A CAC search revealed that some of the contracts were not given to experts. An example is Elnita Nigeria Limited whose objectives, according to a CAC search, include to carry on the business of hotel, restaurant, tavern, beerhouse, and lodging, housekeepers, licensed wine, beer, and spirit merchant and to run amusement and gambling, casino and to do all things incidental thereof and holiday camps and to organise, promote and carry on all amusement businesses.

However, Elnita Nigeria Limited won the contract for the electrical installation of the School of Agriculture and Agricultural Technology Phase 2 at the FUT Minna. Though the project has been completed and students are using the facilities, time will tell if the work will stand the test of time.

Help in time of need

In October 2016, the three-storey building housing the UNIJOS Library, the faculty of social sciences and management sciences was gutted by fire.

In a bid to provide relief to the institution, TETFund intervened and the award for the rehabilitation of the central library was given to Amber Blaze Limited in March 2018. The library building at the time when the reporter visited the institution in July was about 85 percent complete.

While the previous library complex housed some faculties, the new library complex is being entirely used for library activities.

A source told this reporter that in addition, some equipment was bought for the library but not currently in use.

It is looking nice now. Everything brought in the library is brand new. There are also ICT machines in here and servers. We were told that this whole building will be used for the library now. We do not know what will be put downstairs but upstairs, which is currently locked, have all the furniture and other infrastructures, a student told the reporter.

The rehabilitation of the burnt library is to gulp the sum of N701,203,727 but, according to one of the Staff, only N485,011,887 has been received while the balance is being awaited to complete the rehabilitation.

Secrecy over disclosure of process

The procurement process for the TETFund projects are usually handled by the Department of Physical Planning or the TETfund Desk officers in the institutions, however, the officials in charge of these departments do not easily give information about projects.

At the Federal University Lokoja in Kogi State as the Vice-Chancellor, Prof. Angela Freeman Miri was not around and did not respond to calls and messages to her phone. The meeting with the Registrar, Mr. Usman Suleman Obansa did not yield any result as he said, it is only the VC that can give you such information or give theTETfund desk officer the go-ahead to give you information. You know it is the office of the Vice-Chancellor that handles the TETfund issue.

When approached, the TETFund Desk Office said he could not share information without the VCs permission.

Officers at the Federal University, Lafia diplomatically avoided setting up a meeting despite assurances following the submission of an FOI request.

The Vice-Chancellor was said to have traveled on an impromptu trip. All promises that all information will be mailed to this reporter were not fulfilled.

At UNILORIN, efforts to get information on the procedural process in the award of the projects led nowhere as the office of the Vice-Chancellor, when contacted, directed the Reporter to two Professors, Adeola Abdullah Adedeji of the Department of Civil Engineer and the representative of the Faculty of Engineering and Technology in the institutions TETFund Committee and Musa Toyin Yakubu, the Director of the Central Research Laboratories.

However, the two Professors could not provide the details and directed the Reporter to the Department of Physical Planning. There, the Director of Physical Planning, Dr. Adams Bashir Olajide said he would not attend to the Reporter unless with express permission from the Vice-Chancellor, Prof. Sulyman Age Abdulkareem. All efforts to get the Vice-Chancellor to speak on the projects proved abortive as his Secretary said he was out of the office.

It was the same scenario at UNIJOS. The institutions Public Relations Officer, Abdullahi Abdullahi who readily gave out information about TETFund projects, could however not give details of how the projects were awarded. This Reporter could not meet with the VC, Prof. Seddi Sabastian Maimako because he was out of town when the Reporter visited.

However, at FUTMinna, the VC, Prof. Bala explained that the award of contracts must follow due process, especially as VCs are the ones to answer queries regarding the projects.

I have told the Department of Physical Planning and Bursary to keep me informed of everything that has to do with TETfund. There is nothing unusual there. I am in charge of the institution and should know what is happening to our projects.

However, many workers were of the opinion that the procurement process was skewed in favor of those who are known by the Departments of Physical planning in the institutions.

The VC of FUT Minna said that some of the officials in charge of this task do not carry out their duties judiciously while he stressed the need for adequate technical evaluation before a project is awarded to a contractor.

There is also, the problem of capacity of the contractors, some of them could not do the kind of work but again, I blame it on the institution because of the procurement law demands that you must do a technical evaluation, in doing the technical evaluation, you pay due diligence to what you are doing, sometimes, you should be able to identify such problems.

Our university sometimes sends our staff to confirm some of the projects claimed to have been done by the contractor; they will need to have the physical evaluation to confirm the claim. These are some of the little things and the problem that comes in to delay the projects but the problem itself is not from TETFund, it has to do with the procurement process, some of the capacity within the university, some of the capacity with respect to the contractors but TETFund has been very supportive in many of these cases. Sometimes, even when the university has not done its bit, TETFund tries to see how they can help in making sure that we make progress on these projects.

Consultancy Services

This Reporters discovered that the Federal University Lokoja awarded huge amounts for consultancy services. In the 2014 normal intervention project, N52 million out of N53 million allocated to Mevic Consultancy limited for consultancy services; while in the 2013 special intervention projects, Mevic consultancy was paid N77.2 million out of N90.8 million allocated for consultancy service. The nature of the consultancy remains opaque like every other procurement process of Nigerian universities.

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Varsities and TETFund contractors in unholy alliance - Internatinal Centre For Investigative Reporting

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