BAM will build the 2,500m2 development as phase five of Plymouth Science Park at the front of the site.
The £6.5m project is scheduled to start in August 2015 and complete a year later.
The three-storey building will provide office facilities for science and technology businesses.
The building has been designed by architect HLM, with Hydrock as structural and civil engineers and Hulley & Kirkwood as building services engineers.
Sustainability measures will include solar panels on the roof, rainwater harvesting, natural ventilation and high-performance wall insulation panels.
BAM said that it had knocked 10 weeks off the overall build programme by using a steel frame with Euroclad Vieo cladding. Use of building information modelling (BIM) is also expected to help smooth the construction process, as well as providing a digital handover for asset management.
BAM construction director Graham Kingdon said: “We have already worked hard to cut the length of the construction programme and to ensure the client’s ambitions for this development are fully met. We now look forward to working hard to ensure the scheme benefits the local economy and environment throughout its construction and end use.”
Plymouth Science Park is a joint venture between Plymouth University and Plymouth City Council and is part of the Growth Acceleration & Investment Network (GAIN). It is home to more than 70 businesses employing 750 people.
The development is being funded by the partners with funding from the first round of the Growth Deal made by government to the Heart of the South West Local Enterprise Partnership.