Business | Markets
DMCC adopts new model for business park plan
The Dubai Multi Commodities Centre (DMCC) on Saturday announced that it has adopted a Project Partnering Contract (PPC) model for its forthcoming DMCC Business Park development in Dubai.
Dubai: The Dubai Multi Commodities Centre (DMCC) on Saturday announced that it has adopted a Project Partnering Contract (PPC) model for its forthcoming DMCC Business Park development in Dubai.
The project consultants for the DMCC Business Park include Norr Group Consultants International as the lead designer/architect, K Home International as the client representative, Hanscomb Consultants as the consultant and Al Futtaim Carillion as the constructor.
All consultants signed a partnering agreement with DMCC yesterday to form a core group that will work together for better management of the project.
The PPC model is a team-based approach where the client, project manager, constructor and consultants sign a single partnering contract, instead of individual agree-ments being signed by each party with the client.
Core group
All partners are brought on board at an early stage and form a core group that works closely together to alleviate design scope gap and safety issues and enables better management of the project supply chain and logistics.
All partners have an obligation to the core group, which enables them to work together to reduce risk and price, and focus on creating a quality product at lowest possible cost.
Share this article
More from Markets
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Travel insurance offers peace of holiday mind
The wisest thing to do is to take out travel insurance before you leave.
-
Controlling risk through managed account
Can be simple stand-alone master funds or can grow to include several special purpose vehicles
-
Regional banking in throes of light and darkness
Loan-loss provision growing but lenders withstanding crisis


