Akobuild

Project file

The Meridian Quarter

ClientMeridian Capital Ltd

ContractNEC4 ECC Option A

Contract value£12,800,000 (all-in inc M&E)

Total budget£18,500,000 (all-in)

PM appointmentWeek 1

Development Overview

Meridian Capital are developing a six-storey mixed-use commercial building in central Leeds. Ground floor retail and food and beverage. Upper floors commercial office and specialist use. BREEAM Excellent is a condition of planning consent.

Confirmed Leaseholders

Nexus Data Systems — Floors 3–4

Data centre and server infrastructure. 4MVA electrical supply required. Specialist cooling and UPS provision required.

Note: Nexus specification still being finalised. Power demand may change.

Bloom & Co — Ground floor

Café, bar and events space. Commercial kitchen required — not in original brief.

Three office tenants — Floors 1–2, 5 and 6

Standard office fit-out. Requirements confirmed.

Outstanding Lettings

Unit 5 (Floor 4 east) — under negotiation

Prospective tenant undisclosed. Requirements unknown. Commercial Director advises heads of terms are close.

Programme

Design freezeWeek 8

Planning consentWeek 12

Start on siteWeek 20

Practical completionWeek 72

Long-stop dateWeek 96

Long-stop date fixed per funding agreement. Breach triggers funder default provisions. Extension requires funder consent.

Budget Position at Appointment

Construction contract (all-in inc M&E)£12,800,000

Professional fees£1,660,000

Surveys and statutory£240,000

BREEAM certification£45,000

Contingency£1,020,000

VAT on construction @ 20%£2,560,000

Total£18,325,000

Client budget£18,500,000

Headroom£175,000

Budget is tight. Contingency has already been partially drawn prior to your appointment. Usable contingency is less than the figure above.

Key Appointments

ContractorHayward Construction (NEC4 ECC Option A)

M&E EngineerApex M&E

Structural EngineerThornton Structural

Principal DesignerTBC — F10 not yet updated

BREEAM AssessorDr Sarah Mensah

Known Risks at Appointment

1

Unit 5 requirements unknown — design freeze decision required in Week 8.

2

Nexus 4MVA demand — DNO confirmation outstanding. Current infrastructure may be insufficient.

3

BREEAM Excellent is a planning condition. Three scope changes since design stage have not been assessed for BREEAM credit impact.

4

Principal Designer novation not reflected in CDM documentation. F10 requires updating.

5

Claire Yuen (Commercial Director) has been issuing informal instructions to site. Contract discipline needs to be established.

Your Appointment

You have been appointed as Project Manager by Meridian Capital. The previous PM left at Week 2. You are picking up a project that is already under pressure.

Session saved

Ako Trusted · Senior PM

The Meridian Quarter

Mixed-Use Commercial Development · £18,500,000 · 8 decisions

You are the Project Manager for Meridian Capital, appointed to deliver The Meridian Quarter — a mixed-use commercial development with office, retail, and data centre floors.

Your client, Richard Ashworth, is a commercially-driven developer with a fixed long-stop date in his funding agreement. Claire Yuen is managing lease negotiations and will not always work through you. Nexus Data Systems are the anchor tenant and their requirements are technically demanding.

Programme starts under pressure — the long-stop date in the funding agreement is fixed and non-negotiable. Client relationship is professional but transactional.

Project Budget — £18,500,000

Construction contract (all-in inc M&E)£12,800,000

Professional fees£1,660,000

Surveys and statutory£240,000

BREEAM certification£45,000

Contingency£1,020,000

VAT on construction @ 20%£2,560,000

Total£18,325,000

Client budget£18,500,000

Headroom£175,000

Starting KPIs

Budget80

Programme75

Client Sat60

BREEAM85

Budget and programme start below 100 — the project is already under pressure at appointment. Contingency has been partially drawn. Client satisfaction is low — Richard is under pressure from his funders. BREEAM starts high — it is a planning condition that must be maintained.

Your name