The Index Building is an 80-storey (325m) mixed-use development that accommodates a blend of retail and commercial space at the lower levels and high end apartments with twelve luxurious duplex and triplex penthouses at the very top. Separating both areas is the Sky Lobby where the pool, gym and several restaurant and bars are located.
The project was initially designed with a traditional lump sum contract in mind. Faithful+Gould recognised the booming Dubai market was headed for significant price escalation risk and, through a rigorous market analysis and forecasting process, recommended a procurement strategy that allowed the client to reduce the design process and award a main construction contract within a shorter timeframe to reduce escalation risk to the client.
The resultant main construction agreement was a Design and Build Guaranteed Maximum Price Main Contract. Faithful+Gould worked closely with the client throughout the project, developing the master programme, managing the project and providing the best delivery solutions for the development. The integrated services provided were key in ensuring the landmark building was completed at maximum quality while maintaining the required level of cost.
*Project delivered by Confluence, now part of Faithful+Gould.