Our Company
Management systems
Innovation and technology
The Magnis Infrasolutions (P) Ltd. encourages innovation, research and development and recognises the need to stay ahead of the field when it comes to utilising the latest in technology.

In todayís increasingly competitive world, it pays to be one step ahead of the competition. To ensure that its place as a market leader is maintained, the Magnis Infrasolutions (P) Ltd. actively encourages innovation, research and development in the technology and business systems of the future. This enables the Magnis Infrasolutions (P) Ltd. to maintain and capitalise on its industry presence and reputation and take advantage of cutting edge developments that help improve and further enhance the business process and boost its competitive edge.
Cost Controls
A stringent cost management system is used on all projects to ensure that costs and schedules are met, with regular reviews of the system being conducted to confirm that these targets are being achieved and the outcomes are positive.

Project costs are monitored utilising a comprehensive cost management system. This is implemented on all jobs, requiring project managers to prepare monthly valuations to monitor the project and forecast completion costs. Results are reviewed by senior financial and line management staff to ensure acceptable progress is maintained and that tender estimates are adhered to. In-depth quarterly reports on projects are also produced.

In addition, regular independent project reviews are conducted to ensure that targets and schedules are being achieved to produce the desired outcome.
Financial Strength
A core principle of the Magnis Infrasolutions (P) Ltd. is a disciplined and conservative approach to the use of our financial resources. This financial strength is fundamental for a contracting organisation, which is required to fund bonds and guarantees, working capital and significant investments in plant and equipment.
Working capital
As a contracting organisation the company needs to support significant amounts of working capital, which includes items such as the procurement of construction materials, the payment of subcontractors and employees, plant costs and other operating costs.
Tendering for Work
Our business is all about recognising opportunities and taking risks, and our success is largely measured by how well we manage them. One of the Magnisís great strengths is its ability to manage complex projects and this will always be a dominant focus in risk management.

Every project has degrees of inherent risk. The risk factors include cost escalation, resourcing and procurement, staffing, industrial relations, design, engineering, weather, creditworthiness of the client, regional risk, etc.

Risks need to be identified in the selection phase of a project and then managed through the discrete phases of tender preparation and submission, post submission negotiations, project delivery or the actual construction, and the on-going operation and maintenance of the project or the facilities management, where appropriate. Ultimately these risks cannot be eliminated; they are identified, priced, mitigated and managed, and our insurers are partners in managing risk. They take levels of risk for a price.

Tenders are prepared by experienced estimators and project staff. The tendering team look at how the project is to be constructed and prices are built up by estimating all of the volumes and costs of the various inputs such as steel, concrete, sub-contractor rates, etc, including seeking quotes where appropriate.

Supervision, labour, finance and insurance costs are estimated and price escalations and contingencies are allowed for. A profit margin is then included which covers offsite overheads and provides an appropriate return for the risk.

Once a project is awarded, the supplier's quotes are converted as quickly as possible to fixed-price supply contracts, thereby laying off the risk to suppliers and sub-contractors. On some projects, price escalation risk is managed by the client supplying the materials at their own cost. In other cases clients reimburse the contractor based on a pre-agreed escalation index, which limits the MagnisInfrasolutions (P) Ltd.'s exposure to movements in the underlying costs of the various components of the project.

Risk can also be managed bylimiting liability when clients seek warranties for the performance of projects. Weather risk is managed by planning construction activities and making allowances for expected loss of time due to weather events, based on historical data.

We have a comprehensive approval process which requires every tender to identify its inherent risks and then to detail a strategy to price and manage these risks. Our processes ensure that tenders are carefully selected in the first place and are then subjected to a thorough risk assessment during their preparation.