Daman InvestmentsDaman Investments

The Buildings is a 220,000 square-foot commercial and residential complex and will deploy Primavera's Contract Manager to facilitate the completion of the project by mid 2009. Using CMCS's collaborative platform, the project team will be able to respond confidently and rapidly to requests for quotes, notices and design changes for the AED 1.6 billion project. The application provides real-time access on latest project updates, enabling maximum efficiency while minimizing project cost, risks and safety issues.

Munjid Al Alami, Project Manager for the Buildings at Daman said: "We chose CMCS for its proven track record in delivering robust technologies, expertise and strong local customer support. We are certain that CMCS will prove itself to be a valuable solutions provider to our project. With Primavera Contract Manager, we are certain that our team will have an effective system to track progress and overcome challenges as we move forward."

Given the rapid growth of the project development market in the UAE, developers, contractors and construction firms need to be more responsive and more flexible when confronting shifts in market conditions. The industry is in constant need of solutions that provide superior technology (schedule, track budgets, resource and change management) on a collaborative platform to build best practices on projects.

Bassam Samman, CEO and Founder of CMCS, said: "We will work closely with the The Buildings' project team to complete the implementation of our system and train all users to ensure efficient delivery of the project."

Samman added that Primavera's advanced applications will enable improved contractor, vendor and supplier management, while it helps the project team to dramatically reduce the chance of miscommunication and information back-logs, as well as cutting back on redundancy, reducing team costs and review time.

CMCS, the sole authorized partner for Primavera in the Middle East, provides project, portfolio and risk management solutions for a number of high-profile regional clients. Primavera is a project, portfolio and risk management tool with more than 10 different industry-specific solutions that allow users to plan and control projects with a high degree of accuracy, keeping them on time and under budget through the capture and reuse of best practices. It creates a collaborative environment through its set of integrated components with easy-to-use, personalized interfaces for all project stakeholders.

-Ends-

As a certified reseller for Method 123 Project Management Methodology (MPMM), CMCS provides a cost-effective solution for building integrated project management methodologies. CMCS solutions include providing certified products training and accredited project management training. CMCS is a Registered Education Provider of the Project Management Institute (PMI), Approved Education Provider of the American Association of Cost Engineers (AACE) and Authorized Knowledge Provider of the Engineering Management Certification International (EMCI). For more information, please visit www.cmcs.ae.

About Daman
Daman InvestmentsDaman Investments PSC is a private joint stock company based in Dubai, regulated by the United Arab Emirates Central Bank. and capitalized at AED 200 million. Established in 2000, the group was recently re-structured as a PSC. Daman InvestmentsDaman Investments offers investment and non-bank financial services, providing full brokerage and asset management services as well as research services.

Through its group companies, and a team of experienced professionals in both Dubai and Abu Dhabi offices, Daman is recognized as a regional specialist operating throughout the GCC and the Middle East. Known for offering innovative investment products and services to both domestic and international clients, Daman provides investment management and development capital investment opportunities.

Brokerage operations are through its subsidiary - Daman Securities LLC - one of the leading brokerage houses in the UAE, which is regulated by the Emirates Securities and Commodities Authority (ESCA).

Daman InvestmentsDaman Investments PSC (www.daman.ae)

About Primavera
Primavera is a software company who provides business solutions for a project-driven world. The company helps organizations identify which projects are most important, and makes it easy for people to work collaboratively on those projects and deliver them successfully. Primavera solutions are industry-specific and role-based, with the power to support global enterprises. Primavera solutions have ensured the success of projects collectively worth more than $5.5 trillion, including the management of IT projects that span the globe, the construction of the world's tallest buildings, ongoing multi-billion dollar oil discovery projects, space exploration, and the efficient use of personnel at professional services organizations. For more information, visit www.primavera.com

CMCS Contact:
Bita Riahi
CMCS
Management Solutions Manager
Tel: + 9714 3432148
Fax: +9714 3438756

Media Contact:
Mohammed Kharroubi/ Sharon Depenha
Asda'a Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Tel: 04 3344550
Fax: 04 3344556
Email: m.kharroubi@asdaa.com/ s.depenha@asdaa.com

© 2005 Collaboration, Management & Control Solutions (CMCS) FZ-LLC

All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

© Press Release 2007

 

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