Octagon Contracting & Engineering : infrastructure

Showing posts with label infrastructure. Show all posts

Friday, July 25, 2014

The Construction Agenda: OCTAGON- 2 million euro works for large scale infrastructure projects

Octagon Contracting & Engineering, one of the main constructors of special foundations in Romania is working on three large scale infrastructure projects in Romania. The total value of the projects is around 2 million euro. Octagon will cash 600,000 euro for geotechnical works performed at the underground passage from Presei Libere Square in Bucharest. Another important project is the rehabilitation of Brasov – Simeria railway, Coslariu – Sighisoara section, Micasasa – Coslariu sector, worth 260,000 euro. "In this project we were subcontracted by the Greek contractor Aktor. We also executed bored piles for sections A, D and E of the second sector of Lugoj – Deva highway, a 5 million lei (1.14 milion euro) project, as the subcontractor of Salini Impregilo ", said Alexandros Ignatiadis, co-founder and shareholder of Octagon C&E.

Poor management of public investments blocks the infrastructure development

According to the manager the main issue the local infrastructure and public works market is facing is the poor management, which triggers poor results in the area. "Delivery terms are extended three times on average and these delays generate financial loses. We have major delays in each stage of a project’s development, starting with the feasibility stage and continuing with the launching of the specifications book, which is contested several times. A lot of time is wasted trying to solve the contestations, after which a new bid the results of which are contested again is announced.” said the shareholder of Octagon.

The new rules for the awarding of public contracts, voted by the European Parliament on January 15^th 2014, have not solved the issues of the Romanian legislation either. "Maintaining the lowest price as the main awarding criteria can significantly impact the quality of delivered projects. We need a more detailed approach and deep changes in this respect.” explained Alexandros Ignatiadis.

Monday, July 14, 2014

OCTAGON contractor within four infrastructure projects although the sector dropped by 28% in the first five months

Lacking consistent public investments the road infrastructure, a sector which should support the entire economy, dropped by 27.7% in the first five months of this year, Ziarul Financiar writes, reporting the data of the National Statistics Institute (INS).

The steep decline registered by the construction works was generated by lower investments in public projects. Thus, investments reached 7.5 billion lei (1.7 billion euro) in the first five months, a 26% decline on the same period of last year, according to the information displayed on the Finance Ministry website. Investments accounted for 1.1% of the GDP between January and May.

“The elections have not influenced the road infrastructure sector positively and this is due to the fact that we have not reached political stability yet. During the elections a great amount of construction investment funds are redirected, through budget amendments towards public sectors which could bring votes, such as pensions, to influence the electorate.”, said Alexandros Ignatiadis, co-founder and shareholder of OCTAGONCONTRACTING & ENGINEERING, in an interview broadcast by ZF Live.

Despite the sector decline, OCTAGON contracted works on three infrastructure projects this year.

Piata Presei Libere 1

The newest infrastructure project of the company is “The underground passage from Piata Presei Libere” (Bucharest). The company is performing here geotechnical works: diaphragm walls D 9,950 sqm, thickness 80 cm.

Piata Presei Libere 2

The company is also working on the rehabilitation of the railway Brasov- Simeria, section 2 Coslariu- Sighisoara, sector Micasasa- Coslariu, the works consisting in the execution of bored piles D 1,000,anchorages, stone columns and sheet pile installation, a project within which Aktor is general contractor.

OCTAGON is also executing bored piles for sections A, D and E, sector 2- Lugoj- Deva Highway, for the contractor Salini Impregilo.

Tuesday, July 8, 2014

OCTAGON delivers new office project: building A of Hermes Business Campus is ready

Hermes Business Campus building A - outside view

OCTAGON delivered building A of the office complex Hermes Business Campus, located in Bucharest, on Dimitrie Pompeiu Blvd. The company was general contractor and performed infrastructure and superstructure works, after having delivered foundation works in 2011.

Interior 2 Hermes Business Campus- building A

Interior 1 Hermes Business Campus- building A


Interior 3 Hermes Business Campus- building A

The office complex will have a 78,000sqm total leasable area and 14 levels, four of which will be underground levels and will be built in several stages.