iTowers Development in CBD - Jan 2010 to Dec 2018 Changing the Gaborone City Landscape to high-rise Project Value more than P 500 million
The iTowers Development Scheme is over P 500 million valued private development project initiatives in the new CBD, comprising Twin Towers with a link Hub building developed by Overseas Development Enterprises together with Tredinnick Botswana in vertical city concept. The project includes fitting out works for offices, residential apartments, Room-50-Two Hotel and Table-50-Two roof top restaurant costing in excess of P70 million, managed within the main construction contract and/or as separate fitting out contracts. The twin towers of this private development are 18 and 27 floors respectively and the tallest building in Botswana, which romantically change Gaborone City Landscape.
The construction posed numerous challenges, namely progressive sectional completion, including handover of residential and retail spaces, with owners taking occupation and either operating out of or living in their units. It required careful cost planning and budget control to meet the Client’s fixed budget, which was determined by the pre-selling of units before construction. Thus, cost planning and estimating accuracy was critical for the financial success of the development. Cost planning and reporting was by means of spreadsheets producing ‘tailor-made’ reports, tables and charts. Tender documents were carefully prepared to reflect where work was to be carried out within partially operational areas, selecting best options to carry out the work; by directly appointed specialist firms executing quality work, giving ‘value for money’. Completion phases in Tower II comprising fitting out works were carried out on a management contract basis with several directly appointed contractors to achieve client’s specific requirements and goals. Simplified cost reporting providing ongoing cost review to manage the completion phases with several contract by ‘live’ updating of final costs. The specific PPS system employed to manage all Contractors, Consultants and suppliers’ payments in a single data base avoided any payment delays. Although Tower 1 was completed on time (May 2013), Tower 2 Contract was delayed by more than six months (Sep 2016). Final stages of fitting out of facilities completed recently (Dec 2018) However, the project completed within the revised budget and the Employer was fully satisfied with entire cost management and cost control of the project.
We are proudly Quantity Surveyors and Cost Managers for this Prestige Project and Managed by Our Directors Sasi and Brian