Government Office Accomodation Project
The Cayman Islands Government has issued a Design/Build tender for its new 200,000 square foot building in central George Town. The Building will contain the Executive branches of Government and sectors of Governments finance related departments and Authorities. Project budget is said to be in the CI$50M region.
Three Construction teams are vying for the tender however Government recently has had to offer a Stipend of CI$100,000 each to the two loosing bidders to ensure that all of the bidders remain in the running. It has been said that the extreme cost of preparing the tender exceeds the commercial risk that some were willing to take.
Bids are currently due in late April 2007 with completion of the building in fall of 2009.
Three Construction teams are vying for the tender however Government recently has had to offer a Stipend of CI$100,000 each to the two loosing bidders to ensure that all of the bidders remain in the running. It has been said that the extreme cost of preparing the tender exceeds the commercial risk that some were willing to take.
Bids are currently due in late April 2007 with completion of the building in fall of 2009.
posted by Cayman Architecture at 4:55 PM
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