Project outline and scope of works

Aquarius Grup provided construction management services and accompanying expert management and supervision and cost management of the Project in support of the investor, the developer and insolvency practitioner.

The engagement occurred at a re-commencement point of the project and our services included an initial review of all open contracts and design and provision of an assessment of the open liabilities, the cost to complete the works to provide a complete budget and assistance with the procurement of the remainder of the construction works.

We carried out our initial role of lender’s supervisor from 2012 to 2013 when the contractor’s failure to complete the works lead to the project restructuring. On our re-engagement in 2015 we took on the project and cost management role with the newly appointed general contractor, performing regular monitoring of all of the works, review of the financial draw down requests and periodic valuations of the contractors works, offering advice and review of commercial correspondence and close liaison with the developers representative in support of their activity.

Project Data

TYPE: Residential

SIZE: 63 077 m2

NO. OF BUILDINGS: 67 villas, 12 apartment blocks


NO. OF CONTRACTORS: 1 General Contractor

SERVICES PROVIDED: Project Management support, Cost Management, Lender Supervision Diriginti services

FORM OF CONTRACT: Contract lump sum guaranteed maximum price

DESIGNED BY: Developer team