Appointment of iFLY Perth Builder and Commencement of Construction Indoor Skydive Australia Group Limited (ASX: IDZ)(ISA Group) today announced that Metrowest Construction Pty Ltd (Metrowest) has been appointed as the builder for iFLY Perth, our third indoor skydiving facility.
Metrowest has been selected following the completion of a thorough tender process, which included:
The more sophisticated tender process was led by Point Project Management (PPM) whom ISA Group appointed in early November 2015 to provide additional costs transparency and control throughout the project.
Metrowest has been engaged to perform the works in separable portions which means that each stage of the works is completed within a timeline specific to that portion of works and that the progress and quality of each stage is assessed and accepted before approval is given to proceed to the next stage.
The first stage of the works will commence immediately and include the completion of design to building license submission, installation of piles and capping beam and the related earthworks.
Under the contract all the requirements for the commencement of operations are programed to be completed to enable iFLY Perth to open in the last quarter of 2016 with an expected capex of $14 to 15 m.