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.
- Staff Report
- Published: 23:37 May 10, 2008
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.
More from Markets
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
