Play-school in Hveragerði

Iceland Prime Contractor signed an agreement with the Hveragerði Town Council on 13th August, 2003, for IPC to take the first phase of building a play-school in Hveragerði. This agreement is a so-called administrative contract and covers IPC being responsible for the design, construction and administration against an agreed amount above the actual costs. It is expected that all work, with the exception of the design, will be open to bidding. The estimated cost is ca. 107 million and the project is scheduled to be completed by 1st June, 2004.