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Alec, a leading construction and related businesses firm, has established a new division that will specialise in alternative engagement models, including design and build, construction management and turnkey developments.
With tighter fiscal spending and narrowing liquidity in the GCC, projects market is under increasing pressure to optimise resources and drive more efficiency in the delivery model. The biggest opportunity to increase project value is to transform the way that projects in the region are procured in order to reduce time and cost overruns. “We understand that the traditional methods of procuring and delivering projects has not been working as optimally as it should be,” says Raymond Hector, Director – Commercial Contracts, Procurement at Abu Dhabi-based Aldar Properties. Speaking at the Co...