Interview with the contractor of the Blu Marine Phase A Project in Limassol
The Contractor “IACOVOU – ZEMCO (BM) JOINT VENTURE” comprises of:
-IACOVOU BROTHERS (CONSTRUCTIONS) LTD, referred to below as “IACOVOU”, and
-ZEMCO CONSTRUCTION LTD, referred to below as “ZEMCO”
IACOVOU & ZEMCO are in business since 1953. In these 68 years IACOVOU group has grown in strength and now incorporates Iacovou Brothers (Constructions) Ltd, Iacovou Brothers (Concrete) Ltd, Iacovou Brothers Overseas Ltd. ZEMCO started business in 1956 and was registered with the Registrar of Companies on 04/04/1966 under the name ‘George P. Zachariades Ltd’.
The two companies have a vast experience in buildings, namely hotels, high rise buildings, housing complexes, industrial buildings, Hospitals, Government Buildings, Athletic Facilities and Schools, Factories, warehouses, power stations, airports, desalination, water purification and waste water treatment plants, dams, as well as infrastructure projects including bridges, roads, highways, sewerage project, etc.
Both IACOVOU & ZEMCO are registered with the Council for Registration of Contractors as Class ‘A’ Contractors, for Building and Civil Engineering works, covering all types of construction, focusing on large-scale civil engineering and construction projects.
Both companies comprising our JV are recognized in the industry for their unrivalled quality and reliability, meeting or exceeding all construction standards and time deadlines.
Through our vertical integration we produce aggregates in our quarries which we are using for the production of concrete, giving us close quality control.
In addition, through our supply chain both locally and overseas offices, we do import reinforcement in ship loads rather than buying in small quantities from the local market which again gives us control over quality and price.
IACOVOU has carried out projects in several countries overseas mainly in Greece, UK, Poland, Kuwait, Gibraltar, Oman and Iraq (Governorate of Kurdistan), with current operations in Abu Dhabi, Bahrein and Oman.
Some of the biggest and most well known projects we were involved in where the Larnaca & Pafos International Airports, multiple infrastructure & housing complexes for the British Sovereign Bases, high-rise developments in Nicosia & Limassol, the Larnaca Metropolis Mall and the Park Lane Luxury Collection 5 Star Resort in Limassol.
The Limassol Blu Marine is certainly one of our most high-end projects alongside The Park Lane Luxury Collection 5 star resort in Limassol.
The team of professionals working on the Project has vast experience in construction of complex projects including hotels, high rise buildings, commercial buildings, varying from 5 to 40 years.
The management team comprises of the Project Director, Site Manager, Project Engineers, Quantity Surveyors, Health & Safety Coordinator, Land Surveyors, supported by Senior MEP Coordinator, Planning Manager, Commercial Manager, Senior Health & Safety Officer and central Procurement Departments of both companies.
It is estimated that the average number of employees shall be around 250-350 at peak.
Quality is of utmost importance, especially for the main components of the concrete structure. Based on our Quality control system which is part of our ISO and according to project’s specs, we submit our ITP (Inspection and Test Plan) and Method statement for concrete. Then, in coordination with the supervision team, we follow the procedures to ensure the following for steel and concrete:
With the current situation importation and prices of goods has been generally challenging. However, our vertical integration, large scale buying and advance ordering of materials has helped the JV minimise the impact of such issues, deliver on time and remain within budgets. Unavoidably though, the increase in prices will lead to higher construction cost.
As per our contract Delivery is set for March 2024.
