A SIWES REPORT

ON TRAINING AT
BOLD VISION PROPERTIES LIMITED
Plot C44, Vicba Ikon Tower, Utako, Abuja

By
AYUBA JOHN
FPN/S02/2023/2024/EM/4580

Supervisor:
ESV ADAMU SALEH

Department of Estate Management and Valuation,

School of Environmental Studies.
Federal Polytechnic, Nasarawa

NOVEMBER, 2024

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 DECLARATION

I hereby declare that this report was written by me and is a correct record of my own Student
Industrial Work Experience Scheme done at Bold Vision Properties Limited, Plot C44, Vicba
Ikon Tower, Utako, Abuja

Students’s Name: AYUBA JOHN

Signature …………………………………………………Date………………………

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 CERTIFICATION

This is to certify that this Report by AYUBA JOHN reflects the outcome of his/her Student

Industrial Work Experience Scheme in accordance to the standard in the Department of Estate

Management and Valuation, Federal Polytechnic Nasarawa.

…………………………............ …………………………….
ESV. ADAMU SALEH DATE
Supervisor

…………………………............ …………………………….
ESV. MUSA MUHAMMAD AWWAL ANIVS, RSV DATE
SIWES Coordinator

…………………………............ …………………………….
ESV. DR. YAHAYA AHMED ANIVS, RSV DATE
Head of Department

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 ABSTRACT
This report is a summary of my SIWES experience which I carried out with Bold Vision
Properties Limited, Plot C44, Vicba Ikon Tower, Utako, Abuja the Industrial Work Experience
Scheme for students creates an indispensable platform for practical exploits and a foundation to
bridge the gap between the theoretical model and practical knowledge of the profession.
During the period of the training, I was exposed to various facets of Estate Management. The
SIWES importance cannot be overemphasized and should be greatly encouraged.

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 TABLE OF CONTENTS
Dedication - - - - - - - - - - i
Acknowledgement - - - - - - - - - ii
Abstract - - - - - - - - - - iii
Table of Contents - - - - - - - - - iv
CHAPTER ONE
1.0 Introduction - - - - - - - - - 1
1.1 Organizational profile - - - - - - - 1
1.2 Organizational Chart - - - - - - - 3
CHAPTER TWO
2.0 Industrial Experience - - - - - - - - 4
2.0.1 Machinery - - - - - - - - - 4
2.0.2 Valuation - - - - - - - - - 5
2.0.3 Process of Constructing A Soakaway - - - - - - 6
2.0.4 Materials used in Building construction - - - - - 7
2.0.5 Door - - - - - - - - - - 9
2.0.6 Window - - - - - - - - - 9
2.1 Problems Encountered - - - - - - - 7
CHAPTER THREE
3.0 Summary, Conclusion and Recommendations - - - - - 11
3.1 Summary - - - - - - - - - 11
3.2 Conclusion - - - - - - - - - 11
3.3 Recommendations - - - - - - - - 11
References - - - - - - - - - - 12

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 CHAPTER ONE
1.0 INTRODUCTION
The student industrial work experience scheme (SIWES) of the industrial training Fund
(I.T.F) is an initiative of the federal government of Nigeria to enable students of higher
institutions of learning to have a practical work experience while still in school.
This serves as a skill acquisition program designed for tertiary institutions as complementary
program and workshop practices engaged in by students in tertiary institution which by
industrial standards, are inadequate to serve the industrial needs of the industries.
The practices are too idealistic and therefore necessitates that the student be exposed to actual
live practice which is by far departure from academic institutional laboratory and workshop
practices.
The scheme exposes students to industrial-based skills necessary for a smooth transition from
classroom theory to the practical working world, hence equipping students for the work force
with needed knowledge and various work ethics.
SIWES (Student Industrial Work Experience Scheme) was initiated by the Industrial Training
Fund (I.T.F) in 1973 as a means of striking a balance between the theory and practical
experience which is obtainable only by working in he field.
The scheme was thus designed to be a means for necessary skill-acquisition by the students to
ensure that they are adequately prepared to meet the challenges of working in their professions
after graduation.
Under Decree 47 of 1971 constitution, the I.T.F was established with a view to promoting and
encouraging the acquisition of skills in industries and commercial establishments as well as to
generate a pool for indigenous trained manpower which will be sufficient to meet the needs of
Nigeria’s economy.
The fund in its policy statement No. 1, published in 1973, inserted a clause dealing with the
issue of practical skills among the population. The statement provides that the fund will seek
to work out a co-operative mechanic with industries where the students in institutions of
higher learning may acquire training in industry and commerce compatible with their area of
study. The fund will support such mid-carrier attachment by contributing to the allowances
payable to the students.
The administration of SIWES under I.T.F started again in 1985 and the following bodies are
involved in SIWES managements: The Federal Government, the Industrial Training Fund, the
institution of higher learning employer, the NUC, the NBTE and the NCLE.
1.1 AIM AND OBJECTIVE OF THE SIWES
The objectives of SIWES cannot be overemphasized in the journey of students in higher
institutions.
The following are the objectives of SIWES:
 SIWES provides students opportunities to test their interest in a particular career before
permanent commitments are made.
 Provide students with opportunities to apply their educational knowledge into practice
thereby bridging the gap between theory and practice.
 Makes the transition from school to the labor market easier and enhance students’
contacts for future job placements.
 SIWES exposes students to work mechanics and techniques in handling equipment’s that
may not be accessible in their institutions.
 Enlist and strengthen employers’ involvement in the entire educational process through
SIWES.

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  Prepares students for industrial work situations that they are likely to meet after
graduation.
1.2 ORGANISATIONAL PROFILE
Established in 2011, Bold Vision Properties Limited has emerged as a reputable player in the
Nigerian real estate sector. Situated at Plot C44, Vicba Ikon Tower, Utako, Abuja, the
company began its operations immediately following its establishment, demonstrating an
ambitious commitment to providing high-quality real estate services.
Bold Vision Properties Limited is a registered member of the Nigerian Estate Surveyors and
Valuers (NIESV) and the Estate Surveyors and Valuers Registration Board of Nigeria
(ESVARBON). These memberships underscore the company’s adherence to professional
standards and ethical practices in the real estate industry.
Throughout its history, Bold Vision Properties Limited has focused on delivering
comprehensive services, including property valuation, management, and consultancy. The
firm has developed a reputation for excellence by prioritizing client satisfaction and
leveraging local market knowledge, which has enabled it to navigate the evolving landscape
of the Nigerian real estate market effectively.
As it continues to grow, Bold Vision Properties Limited remains dedicated to innovation and
excellence in service delivery, positioning itself as a trusted partner in Nigeria’s dynamic real
estate sector.

1.3 ORGANIZATIONAL CHART/STRUCTURE OF THE COMPANY

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 CHAPTER TWO
2.0 INDUSTRIAL EXPERIENCE
2.0.1 PROPERTY MARKET
The term "property market" refers to the segment of the economy where properties—such as
residential homes, commercial real estate, and land—are bought, sold, or rented. It encompasses
various activities, including real estate transactions, property development, and leasing agreements.
Types of Property market
1. Residential Market: Involves the buying, selling, and renting of homes and apartments for
individuals and families.
2. Commercial Market: Involves properties used for business purposes, such as office
buildings, retail spaces, and industrial properties.
3. Investment Market: Focuses on real estate as an investment opportunity, including rental
properties and real estate investment trusts (REITs).
4. Market Trends: Influenced by various factors such as economic conditions, interest rates,
and demographic changes, which can lead to fluctuations in property prices and demand.
5. Regulations: Governed by laws and policies related to real estate transactions, zoning, and
land use.
2.0.2 POWER OF ATTORNEY
A Power of Attorney (POA) is a legal document that grants one person (the agent or attorney-
in-fact) the authority to act on behalf of another person (the principal) in legal, financial, or
medical matters. The powers granted can vary widely, and the document can be tailored to
meet the specific needs of the principal.

Types of Power of Attorney:

1. General Power of Attorney:
Gives broad powers to the agent to act on behalf of the principal in a variety of matters, such
as financial transactions, property management, and legal issues. This type often remains in
effect until it is revoked by the principal or upon the principal's death.
2. Limited (or Special) Power of Attorney:
Grants the agent authority to act in specific situations or for a particular transaction. For
example, a principal may authorize an agent to sell a specific piece of property. This type
usually ends once the specified task is completed.

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3. Durable Power of Attorney:
Remains in effect even if the principal becomes incapacitated or unable to make decisions.
This is important for managing the principal's affairs if they lose the ability to do so
themselves.
4. Medical Power of Attorney (or Health Care Proxy):
Allows the agent to make medical decisions on behalf of the principal if they are unable to
communicate their wishes, such as in cases of serious illness or injury.
5. Springing Power of Attorney:
Becomes effective only upon the occurrence of a specified event, typically the incapacitation
of the principal.
Uses of Power of Attorney:
A Power of Attorney can be used for various reasons, including:
 Managing financial and business affairs.
 Handling real estate transactions.
 Making medical decisions when the principal cannot do so.
 Facilitating estate planning and minimizing complications in the event of incapacitation.
2.0.3 FOUNDATION
A foundation is a fundamental base or underlying support on which something is built or established.
In a physical context, it refers to the solid ground or structure that supports a building, ensuring
stability and integrity. In a broader sense, a foundation can signify the essential principles, ideas, or
values that form the groundwork for systems, beliefs, or organizations.
Types of Foundation
i. Strip Foundation
ii. Pad Foundation
iii. Raft Foundation (Mat Foundation)
iv. Pile Foundation
1. Strip Foundation
A strip foundation is a continuous strip of concrete that supports a wall. It is typically used for load-
bearing walls or as a foundation for smaller buildings and is constructed below the ground level.
 Design: It runs along the length of the wall, distributing the load of the wall over a broader
area.
 Use: Suitable for buildings with load-bearing walls or in areas with stable soil conditions.
 Construction: Requires excavation to a proper depth, with concrete poured along the trench
to form the foundation.

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2. Pad Foundation
A pad foundation (also known as a spread footing) is a type of shallow foundation consisting of a
concrete block that supports columns. It is often square or rectangular in shape and is used to
distribute the load from the columns to the underlying soil.
 Design: Typically used to support individual columns or a concentrated load.
 Use: Commonly employed in structures where loads are not overly concentrated or in
buildings with relatively light weights.
 Construction: Involves excavating individual pads and pouring concrete to form the base.
3. Raft Foundation (Mat Foundation)
A raft foundation or mat foundation is a large, thick slab of concrete that supports an entire
structure, sinking under its own weight and distributing loads over a wider area.
 Design: Spreads the load of the entire building over a large area, minimizing settlement.
 Use: Ideal for buildings constructed on weak or unstable soil where individual footings may
not provide sufficient support.
 Construction: Requires extensive excavation and a thick slab of reinforced concrete poured
in one continuous section.
4. Pile Foundation
A pile foundation consists of long, slender columns (piles) driven deep into the ground to transfer
the load of a structure to deeper, more stable soil layers or bedrock.
 Design: Piles can be made of wood, concrete, or steel and are either driven or drilled into the
ground.
 Use: Suitable for heavy structures or in locations where the surface soil is unstable, such as in
flood-prone areas or sites with high water tables.
 Construction: Involves either driving piles into the ground or drilling deep holes, then
placing piles into them and securing them.

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PILE FOUNDATION PAD FOUNDATION

RAFT FOUNDATION STRIP FOUNDATION

2.0.4 MATERIALS USED IN BUILDING CONSTRUCTION

Constructing a building involves a wide range of materials, each serving specific functions and
contributing to the overall structural integrity, aesthetics, and sustainability of the building. Below is a
list of common materials used in building construction, categorized by their applications:
1. Structural Materials
 Concrete: A mixture of cement, water, aggregates (sand and gravel), and sometimes
additives. Used for foundations, columns, beams, slabs, and walls.
 Steel: Used for reinforcing concrete and for structural frameworks (beams, columns, and
trusses) because of its strength and flexibility.
 Wood: Commonly used for framing, flooring, roofing, and finishing. Types include lumber
(dimensional wood) and engineered wood products (e.g. plywood, particleboard).
 Masonry: Includes bricks, blocks (concrete, cinder, or clay), and stone used for walls,
façades, and structural elements.
2. Roofing Materials
 Asphalt Shingles: Commonly used for pitched roofs for their durability and economy.
 Metal Roofing: Galvanized steel or aluminum that offers longevity and resistance to weather.
 Tiles: Clay or concrete tiles used in residential and commercial applications, often for their
aesthetic appeal.

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  Flat Roofing Systems: Includes modified bitumen, single-ply (TPO, PVC), and built-up
roofing membranes.
3. Insulation Materials
 Fiberglass Insulation: Commonly used for thermal resistance in walls, attics, and ceilings.
 Foam Board Insulation: Rigid panels used in wall and roof applications to improve energy
efficiency.
 Spray Foam Insulation: Expands on application, filling gaps and creating airtight seals.
 Mineral Wool (Rock Wool): Provides thermal insulation and fire resistance.
4. Finishing Materials
 Drywall (Gypsum Board): Used for interior walls and ceilings, easy to finish and paint.
 Paint: Various types used for decorative and protective finishes on surfaces.
 Flooring Materials: Includes tile, hardwood, laminate, carpets, and vinyl.
 Ceiling Tiles: Used for aesthetic and acoustic purposes, often in commercial spaces.
5. Windows and Doors
 Frames: Made from wood, vinyl, fiberglass, or aluminum.
 Glazing: Single, double, or triple-pane glass providing insulation and soundproofing.
 Doors: Entry doors (fiberglass, wood, steel), interior doors (hollow core, solid core), and
sliding or bi-fold doors.
6. Exterior Cladding Materials
 Vinyl Siding: A low-maintenance and affordable option for home exteriors.
 Wood Siding: Often used for a classic appearance but requires regular maintenance.
 Stone Veneer: Offers a natural look and is used to enhance the building façade.
 Stucco: A cement-based material applied to walls for texture and aesthetics.
7. Foundation Materials
 Concrete: Used for poured concrete foundations and footings.
 Stone: Often used in older constructions, certain types, such as fieldstone or granite.
 Cinder Blocks: A common choice for foundation walls due to their compressive strength.
8. Utilities and Mechanical Systems
 Pipes: Various types (PVC, copper, PEX) for plumbing systems.
 Electrical Wiring: Copper or aluminum wires for electrical systems.
 HVAC Ductwork: Metal or flexible duct materials for heating, ventilation, and air
conditioning systems.
9. Sustainable Materials
 Bamboo: A renewable resource used in flooring and finishes.
 Recycled Materials: Including salvaged wood or recycled steel to reduce waste.
 Insulated Concrete Forms (ICFs): Energy-efficient building systems combining insulation
with concrete.

2.1 PROBLEM ENCOUNTERED: below are some of the problems encountered during the
program.
i. Inability of some tenants to pay up house rent as at when due.
ii. Refusal of some landlords to release money for property maintenance.
iii. Continuous encroachment of quarks into property management.
iv. Difficulty in sourcing for new properties/virgin houses especially in Suleja metropolis.

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 CHAPTER THREE

3.0 SUMMARY, CONCLUSION AND RECOMMENDATION

3.1 SUMMARY

In summary, I have gain so much in Bold Vision Properties Limited is construction generally
from which will be a prove of my experience in my professional fields through the help of
Student Industrial Work Experience Scheme (SIWES)

3.2 RECOMMENDATIONS:

1. The SIWES program should be encouraged for every degree awarding program because
its impo rtance cannot be over emphasized, as it is a means of preparing students for
experiences in the outside world.
2. The students should endeavor to find and work with reputable firms that are relevant to
their course of study.
3. The institution based and ITF surpivisors should endeavor to visit the students at their
place of attachment.
4. The Government should also provide adequate funding for the institutions’ funding of the
SIWES program.
5. Departments and university SIWES units should take charge of finding and securing
industrial placement attachment for students.
6. Abnormal practices should be addressed and the operations of quacks should be curtailed
to protect the profession.
7. Organizations or firms should also endeavor to assist students with sufficient funds to
take care of their expenses ranging from transportation to other necessary expenses.

3.3 CONCLUSION

At the completion of the Student Industrial Work Experience Scheme (SIWES) programme, I
have appreciated the importance difference between classroom theoretical work and that of
the basic practical training through the SIWES programme, its timely a right experience with
Bold Vision Properties Limited

1. The Industrial Training Fund should provide a network in which Establishments and
Students could communicate better so promotes easier means of finding placements.