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The Paramount Case Study
July 7, 2022

Case Study: The Paramount – Complex construction projects are just that – complex

“The Paramount has been one of the highlights of my career,” states Mike Wurm, Senior Construction Manager with Keltic (Canada) Developments Ltd. “I cannot think of any other project in the Vancouver market that met its schedule this well during this recent challenging period.” Wurm is speaking of the nearly 600-unit, four-tower mixed use development in the heart of Richmond, B.C. that was conceived and led by Vancouver-based Keltic and was recently completed and conveyed to strata owners. Being on budget, ahead of schedule and fully sold out, and with a satisfied municipal government, adds up to clear success.

The success of The Paramount, which was initiated in 2017, hinged on careful coordination among the key parties – owner, designer and builder, plus the city, consultants and subcontractors – continuous collaboration and significant use of early contractor involvement. The complex project’s financial viability required not only maintaining but advancing the schedule
from the original target of May 2022, to a phased occupancy approach with Phase I being turned over in October 2021. Achieving Keltic’s vision within budget required value engineering and serious decision-making regarding architectural features and materials. Building in the sea-level environment required strong technical skills. And keeping everything going amidst pandemic constraints followed by intensifying supply chain issues required expert project management and coordination of
subcontractors and trades.

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