RAM and McRae chartered accountants and professionals, on Monday afternoon, turned the sod for what is expected to be a new three-storey office building in Waterloo Street, Georgetown.

The sod turning took place at Ram & McRae’s, office where the new building will be constructed, and attendees were told that contractors hope to have the project completed in a year’s time.
According to Christopher Ram, the project is an expansion and development of a three-storey complex that will be constructed in two phases with an intention to have the sections of the structure be office spaces for rental and another section house Ram & McRae.

Ram told the Guyana Chronicle that this development will add to the company’s portfolio, as they have invested in several other types of developments across the country.
“So, it’s a phased development of the Ram & McRae types of property portfolio,” he said,
Although they have received assurances from the contractor that the project would be completed in a year, Ram indicated that he believes that it may take more time and as such, they have made budgetary allowances for same.

He cited the supply of labour and materials as his reason for the belief that the project may extend beyond that time frame.

Meanwhile, it was revealed that works are expected to begin soon on the complex which will take up five separate lots in the area, and will be undertaken by Andy Playter Contracting Services.