Universal Consultants clinches Bank of Abyssinia HQ design project 28 FLOORS:
Universal Consultants Plc, the company which a year ago won the contract for designing the headquarters of the Commercial Bank of Ethiopia (CBE) by teaming up with a German architectural firm, has won another similar contract to design the future headquarters of the Bank of Abyssinia (BoA).
The committee assigned to oversee the bid for designing the future headquarters of BoA last Saturday announced Universal Consultants as the winner while it ranked Oadus Architectural Plc and Zias Design International plc in the second and third place, respectively.
Of some 52 local architectural firms that applied to participate in the bid, the committee short listed 48 companies, of which only 21 submitted proposals. Subsequently, the committee disqualified one of the bidders, and it took a couple of months to finally pick up the winner.
Universal Consultants presented an upright 28-story structure design which won the first award, 120,000 birr and the design project while the second and third rankers got 80,000 and 50,000 birr awards, respectively.
The future headquarters of BoA, which will be an over 20-storey structure, is projected to cost 300 million birr, according to the term of reference document.
However, the estimate by industry experts puts the cost of the project at around 500 million birr.
Universal Consults and BoA will now negotiate on the detail workouts of the project before preparing the tender document for the construction of the building.
Universal Consultants is presently negotiating with CBE on the technical and financial proposals for the detailed design work of CBE’s future headquarters projects, according to Destalem Haileselassie, manager of Universal Consultants