Dutco Balfour Beatty has won the $81 million contract to build The Binary at Business Bay for developer Omniyat Properties.
Work on the package, which has been procured through direct negotiation between the client and contractor, will begin in October and is scheduled for completion in May 2009.
It will include the construction of three basements, 26 floors, and a four-storey podium.
“Dutco Balfour Beatty is very pleased to have had the opportunity to negotiate this contract with Omniyat Properties. We look forward to working with Omniyat and its consultant team to successfully deliver this project,” said Martin Harper, commercial manager of Dutco Balfour Beatty.
The Binary is Omniyat Properties’ third tower project in Dubai. Spread over 39,000 square metres it will contain office and retail space, along with restaurants, a day-care centre, banks, a medical centre and the Middle East’s first artificial beach deck on the roof.
Hamilton is the project manager, while Dubarch is the consultant.
According to Grahame McCaig, general manager of Dutco Balfour Beatty, direct source negotiation is a growing trend among local developers, as they look to secure delivery of their projects.
“A lot of these alternative methods of procurement are being driven by clients having to secure a resource,” he said. “All these things are as a result of supply and demand in the market.”
Dutco Balfour Beatty is currently working on a number of high-profile projects in Dubai, including Interchange 5.5 for the Roads and Transport Authority (RTA), the Sheikh Hamdan Awards Buildings for Dubai Municipality and the Dubai Mall for Emaar Properties.
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