New Headquarters for The Institute of Banking Studies

Country :
Client Name :
Institute of Banking Studies (IBS)
Type :
Corporate & Institutional
Scope :
Project & Construction Management
Location :
Kuwait City
Completion Date :
Construction Value(US$) :

Institute of Banking Studies (IBS) professional education, training, research and consultancy services in financial sector in Kuwait. Their current facility became insufficient for the required tasks and the new one will spread the positive image of the organization.

The plot of land of 2,964 sqm located in Al Qibla in Kuwait City will allow the built up area of approx. 30,000 sqm with the following:

  • Institute of Banking Studies offices, service areas, halls, meeting rooms etc.
  • Parking Area with an approximate capacity of 200 spaces

Projacs provides the services during the phases:

1.    Construction management services
2.    Pre-Design phase:
  • Review Project Master Plan
  • Site investigation and analysis services
  • Project financial feasibility study
  • Develop Design Strategy
  • Prepare and monitor Project Master Schedule
  • Prequalification and selection of Design Consultant
3.    Design & Tender phase:
  • Set-up Project Management & Control System (PMCS)
  • Monitor Design Program and Design Deliverables
  • Conduct Design Technical & Value Engineering
  • Review Design drawings and tender Documents as developed by the Design Consultant
  • Prepare and develop Project cost estimates
  • Prepare Cash flow charts and budget reports
  • Monitor Project Controls, Documentation & Reporting
  • Monitor Project insurance and Project Bonds
  • Prepare of Projects Final Accounts
4.    Construction & Completion phase:
  • Administration of Construction Contract
  • Review and Monitor Contractor's Site Logistics (On/Off site)
  • Monitor Consultant Supervision's Performance
  • Monitor Contractors work progress and performance
  • General Site Coordination within project components