Read on FGL launch two freehold household developments – Jervois Pieces and Urban Treasures
The Concept and Price Revenue tender strategy has been adopted for the selling of this Hillview Rise site that has a sizable residential GFA of roughly 40,030 sqm plus a normal setup, to spearhead building productivity through adoption of advanced building technologies or processes.
In the very first phase of the tender procedure, these Concept Proposals which had considerably fulfilled the test standards on building productivity were shortlisted from the Concept Assessment Committee (CEC) supplied by the Building and Construction Authority (BCA), to move to the next phase of tender examination. In the next point, just the cost replicas of this shortlisted Concept Proposals were opened to thought. The website would then be given to the tenderer with the maximum bid among the tenderers with shortlisted Concept Proposals.
Assessment of Concept Proposals
The Concept and Price Revenue tender for the website was started available on 28 December 2017 and its own tender had closed on 3 May 2018. A total of nine Concept Proposals from eight tenderers were obtained for the website as one tenderer filed two Concept Proposals.
Tendered property Rates
The cost envelopes of the six shortlisted Concept Proposals were opened beneath the next phase of the tender evaluation along with the particulars of the cost bids. In accord with the Concept and Price Revenue tender system, the Hillview Rise website is given to Intrepid Investments Pte. Ltd. and Garden Estates (Pte) Limited which submitted the maximum bid of $460,000,000 one of the six shortlisted Concept Proposals.
The successful tenderer suggested the extensive adoption of Prefabricated Prefinished Volumetric Construction (PPVC) using significant design modularization and elevated levels of building integration in executing the evolution of the website. The adoption of Bulk Engineered Timber (MET) for its clubhouse further raises the amount of prefabrication and decreases the functions to be performed on site, resulting in enhanced construction productivity.
The successful tenderer will embrace BIM-based scheduling in addition to QR code monitoring to attain successful job monitoring and interrogate logistics monitoring during construction. The successful tenderer may also embrace an integrated project delivery strategy through the use of Virtual Design and Construction (VDC) on electronic platforms for various parties to discuss and coordinate data through the project lifecycle.
All in all, the Concept Proposal from Intrepid Investments Pte. Ltd. and Garden Estates (Pte) Limited is powerful in its planned construction productivity program and structure management program which aim to realize significant decrease in labour, resulting in significantly improved productivity results.