Yas Viceroy Abu Dhabi hotel
The Yas Viceroy Abu Dhabi hotel is a 500-key five-star luxury hotel featuring an iconic glass cloak that straddles the adjacent Formula One racetrack.
The cloak sits independently of the building structure and comprises over 6,500 individual glass panels, some of which are motorised to simulate movement. The hotel covers approximately 100,000m² and includes a three-storey basement parking garage. The ground floor includes a culinary village and acts as the hub for VIPs and media during Formula One races.
Currie & Brown was appointed to provide all cost management services for the project.
The primary challenge of the project was a very tight timeline that required completion in 28 months in order to open before the upcoming Formula One Grand Prix. Our expertise in cost management allowed the client to meet this deadline while staying within the constraints of the budget.
At the pre-contract stage, our team reviewed the proposed design and compared the proposals against ministry, fire authority, government and hotel classification guidelines and recommended a substantial reduction to the sizes of corridors, rooms, fire escape and staircases, ensuring all standards were met but not exceeded unnecessarily. This exercise is estimated to have saved the client approximately AED 50 million.
The contract allowed the contractor to add 15% to all subcontracts. We reviewed and negotiated all subcontracts for the whole project to ensure that the subcontract values were as low as possible, thereby limiting the contractor's add-on costs. This resulted in estimated savings of AED 300 million.
We also provided an on-site cost management team with a consistent presence so we could propose numerous adjustments to the contract/tendering packages to achieve value for money while enabling the rapid construction phase.