The local Al-Shafar General Contracting has submitted the lowest revised offer for the contract to build the Union Museum at Dubai’s Union House with a price of AED488m ($133m).

The offer is about 2 per cent lower than the price of AED499m submitted by the local Alec. The other bidders are the local ArabtecConstruction at AED507m, the local Al-Faraa General Contracting company at AED511m, the local Al-Naboodah Contracting Company at AED516m, and the local/UK Dutco Balfour Beatty at AED563m.

In early February, Alec emerged as the low bidder when offers were originally submitted with a price of AED500m. Alec’s price was about 2.7 per cent lower than the price of AED514m submitted by Al-Shafar.

Dubai’s Roads & Transport Authority (RTA) is the project client. It approved the final design and main components of the Union Museum last year. The design of the museum, awarded to the UK’s Halcrow, which is now part of US-based CH2M Hill, was inspired by portraits of the UAE’s rulers signing the constitution of the UAE on 2 December 1971.