Our Response to COVID-19
Date: 09/04/2020
In light of the current climate we want to reassure our buyers that Canaway Court remains our number one priority and all updates will be issued via the website.
Currently, Colmar Construction (The Main Contractor) has taken the decision to close the Canaway Court site on the 24th March 2020 during these difficult times to secure the safety and well-being of its workers. This is clearly a difficult time and we are working with Colmar to assess the situation. All materials and labour are sourced locally to Poole and are not affected by overseas supply chains or manufacturers. We will work with Colmar to reopen the site as quickly as possible while implementing the Government guidelines for working in the construction industry.
The project started on-site in July 2019 on a 78 week build contract, despite three weeks of weather delays over the winter, Colmar, to their credit, were still two days ahead of the build programme at the time of the Covid-19 closure; an excellent result and reflects the efficiency of the building to BIM.
It is hoped that the date set for practical completion, December 2020, will still be achieved. Of course, we will keep all clients who have reserved up to date with news. There are no financial concerns for the project, Colmar will be paid along with their subcontractors on regular monthly valuation terms. The borrowing with Lloyds Bank Poole, by Black Gold Developments for Canaway Court currently represents less than 20% of the projected total construction costs and is completely manageable by the developer.
Our Black Gold team continues to support the project while working from home and are available to answer any questions.