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 financing bank and the developer. The engagement occurred at a recommencement point of the project and our services included a review of all open contracts, design and provision of an assessment of the open liabilities, an assessment of he cost to complete and complete budget monitoring with assistance to procurement and physical completion of the construction works. Our role was described as lenders supervisor but the final scope delivered was more extensive than is typical in this type of appointment.

The role also included regular monitoring of the works, review and reconciliation of each financial draw down, valuation of the contractors works, advice and review of commercial correspondence with close liaison between the financing banks representative and his needs for board consent.

Project Data

TYPE: Residential and Commercial Units

SIZE: 50 625 m2

NO. OF BUILDINGS: 5 buildings


NO. OF CONTRACTORS: 2 General Contractors

SERVICES PROVIDED: Project supervision reporting to the funders agency and supervision board, Cost control, budgeting.

FORM OF CONTRACT: Guaranteed Maximum Price