Aconex helps Malaysian builder improve profit margins

Project name: Menara Wakaf | Industry: Residential & CommercialProject size: US$50 million | Location: Kuala Lumpur, Malaysia

Completed in 2011, Menara Wakaf – also known as Menara Bank Islam and Menara MAIWP – is a mixed-use development located in Jalan Perak, within Kuala Lumpur’s Golden Triangle. The single-block, 34-story tower covers an area of approximately one-half hectare.

Challenges

  • Many investors and other stakeholders requiring regular project updates.
  • Extremely restricted construction area, with limited time window for building activity.
  • Requirement for efficient project communications and timely information access.
  • Document management, search and retrieval across multiple organizations.

Solutions

  • Secure, central platform for managing project documents and correspondence.
  • Real-time access, distribution, tracking, and archiving of project information.
  • Efficient design reviews and capture of changes through automated workflows.
  • Web search capabilities for fast, easy searches – seconds rather than days or weeks.

Results

  • Exchange of 5,600 documents and 13,000 correspondence items between 20 different companies.
  • Reduction of hard copies and emails and their associated costs.
  • Immediate access to financial information for project stakeholders.
  • Profit margin improvement from 7% to 9%.
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