The developer behind Masdar, the sustainable city being built in Abu Dhabi, is renegotiating contracts with consultants, contractors and suppliers.rnThe client, also called Masdar, is aiming to take advantage of lower fees and materials prices to cut the overall cost of the city from $23-24bn to below $20bn (£13.8bn).rnThe news follows rumours, denied by Masdar, that tenders had been delayed for some commercial elements of thernzero-carbon project, which was masterplanned by Foster + Partners.rnMasara Al Ameri, urban planning department manager for Masdar, said: "With the market going down, we'd like to see the cost of the city go below $20bn. We are renegotiating with contractors and consultants to get back to market prices."
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