JNT, a reputable construction concern, has introduced a new building initiative tagged: Pauline Building Model.

The initiative is JNT’s major way of discouraging developers from diverting intending house owners’ funds for personal use, which has become common.

Explaining how Pauline Building Model works, the Executive Director of JNT Construction Company, Mr. Jide John Williams, revealed that the scheme involves financial institution, developer and vendors, who will have protected interest in achieving the same goal of erecting a finished luxurious home at a stipulated time.

“The Paul’s Building Model is a model developed in response to the prevalent issues of quality and delivery in the real estate industry. The main objective of this model is to provide assurance and guarantee to clients who plan to purchase a property from a developer.

“The model involves a reputable bank as the first party. The bank acts as the financier of the entire project, taking responsibility for paying all the vendors directly.

“This includes payments for all aspects of the project, from the foundation to the construction, plumbing, fixtures and fittings, roofing, and even furnishing. The model ensures transparency throughout the process, guaranteeing that projects are delivered to time and with high quality.”

Williams said that the model prevents developers from diverting clients’ funds to other projects or personal use, as they do not have access to the money until the project is completed and handed over.

“At the completion of the project, a Pauline building model certification is issued to provide assurance to the client that all conditions have been met,” he explained.

Williams added that the model aims to alleviate longstanding concerns about quality and delivery in the real estate industry by introducing a structured and transparent approach that safeguards clients’ interests.