DL E&C Makes a Case for Speed in Apgujeong District 5

*This content was translated by AI.

DL E&C highlighted speed as the key point in securing the Apgujeong District 5 project.

DL E&C launched an effort to reassure members by proposing a plan to shorten the project period, which is considered the most critical battle of the year in the Apgujeong District 5 bidding.

The company put forward conditions that considered the practical benefits of members, including shortening the construction period, submitting a commitment letter for responsible completion, and initiating relocation in the area for the first time. This is because in redevelopment projects, "speed" is directly linked to members' costs. The later the project is delayed, the higher the relocation interest payments become, and the larger the project's financial costs grow.

DL E&C proposed a total construction period of 57 months for Apgujeong District 5. This shortens the construction period by about four months compared to other districts in Apgujeong, which proposed 61 months. It can be seen as a plan to reduce financial costs by about 40 million won per member.

A DL E&C official, speaking to this newspaper by phone, said, "Our company's proposal is not simply about shortening the construction period; it is a solution that connects everything from operating a dedicated organization to assuming responsibility for permits, responsible completion, and guaranteeing the initial start of relocation."

Meanwhile, the real estate industry is taking a skeptical view of DL E&C's proposal. Multiple real estate officials agreed, stating, "It is practically impossible for a contractor to guarantee the construction schedule," and "There is always a possibility that unforeseen circumstances may arise." It appears that for DL E&C's claim of speed to gain traction, additional commitments need to be made.

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.