Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

DBB/CMAR
# of Projects: 1
100% of the Results

Background informationProject Created: June 24, 2009

Project Name: Richmond (BC) Olympic Oval
Year in Operation: 2008
Sector: Buildings
Subsector: Other Government Building, Sports Venue
Status: In Operation
Type: New Facility
Description: The oval will host all speed skating events at the 2010 Olympic Games in Vancouver. It seats 8,000 and will be used for a variety of sport and community functions after the Games. The venue underwent the federal environmental assessment review process. It is targeting LEED silver certification. It is attributed with "smart site selection" by developing an already-disturbed site into a legacy community health and recreation complex.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments:

Project Locations

Address:
City: Richmond
State: British Columbia
Country: Canada

Address:
City: Richmond
State: British Columbia
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The site is owned by the City of Richmond.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The governments of Canada and British Columbia are jointly funding a portion of the construction. The City of Richmond is responsible for the majority of the project costs and for building the facility. The city pledged to not raise property taxes to fund the project. $50 million came from River Rock Casino's revenue-sharing agreement. The remainder of funds came from development charges levied for nearby projects, naming rights, and sponsorships.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: VANOC (Vancouver Organizing Committee) for the 2010 Winter Olympic Games, a not-for-profit organization, contributed $63.3 million.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Construction Manager At Risk Variants: Public Sponsor contracts with Construction Contractor after Design is Complete.

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
3
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: September 1, 2005
Project Value
Hard Cost
Hard & Soft Costs
Design
< $10 Million US
(none)
Total
< $200 Million US
(none)
Array ( [0] => stdClass Object ( [project_id] => 138 [component_id] => 4 [qbs] => 1 [rfq] => 0 [rfp] => 0 [ifb] => 0 [up] => 0 [active] => 1 ) )

Warning!!!

You are about to delete: .

Confirm Deletion Cancel