References

Context

Six months after start-up, the earthworks/utilities contractor was being blamed for delays and held responsible for every site contingency. By bringing the issues back to the facts and clarifying each party's rights and duties, Argos Construction's intervention secured a time extension with no delay penalties.

Mission

Contract management

Objectives

• Contractual follow-up and traceability of disruptions
• Management of deadlines and service orders
• Training of the team in good contractual practice

Stakes

• 23-month time extension on an initial 25-month schedule
• €0.8M of additional compensation on a €3M contract

Result

Time extension formalised (delay penalties lifted) and settlement of €0.4M

Mission

Critical path analysis — hotel complex (3 hotels, 800 rooms, 22 ha)

Objectives

• Contractual and technical delay analysis
• Compliance issues analysis
• Hearing preparation and advocacy

Stakes

• Delay of at least 5.5 months on an initial 14-month schedule
• €8M plus interest

Result

Reports submitted; amicable settlement reached

Context

Faced with severe difficulties marketing second-home developments in the middle of a downturn, the developer needed reliable completion forecasts for its 14 programmes and a financing plan for its banks. The engagement led to a winding-up followed by a programme-by-programme rescue.

Mission

Diagnostic

Objectives

• Completion forecasts for the 14 ongoing programmes with financing needs
• Project management support to continue the works

Stakes

• €30M of commitments across 10 banks

Context

On a painting contract where any change weighs directly on labour, late hand-over of work areas had stretched the schedule by 37% — but the team, inexperienced in contract management, could not substantiate it. Argos Construction's presentation of the claim convinced the Owner of the contractor's rigour and led to new contracts.

Mission

Preparation of a claim for additional compensation

Objectives

• Justification of work-window shifts caused by disruptions
• Establishment of cost-overrun and damages pricing

Stakes

• 3-month extension on an initial 8-month schedule
• €100k of additional compensation on a €300k contract

Result

Claim initially rejected. Assistance with case follow-up and management of forfeiture deadlines. Settlement negotiated at €60k

Context

At the guarantor's request, Argos Construction prepared the forecasts that supported a takeover as interim manager. The firm then guided the recovery over two years, co-building the action plan and operating the management dashboards.

Mission

Diagnostic and steering

Objectives

• Operational and financial diagnostic
• Development of dashboards and modelling tools

Stakes

• €135M revenue, 55 employees

Mission

Criticality analysis of events — court-appointed expertise

Objectives

• Analysis of unitary and cumulative impacts of changes
• Analysis of delays attributable to the general contractor

Stakes

• 8-month delay on an initial 18-month schedule
• €15.5M on an initial €42M contract (37%).

Result

Reports submitted, proceedings in progress.

Context

Initially called in for a claim review, Argos Construction convinced the shareholder to place the subsidiary under ad hoc mandate rather than launching a hasty social plan. Two acquirers were found and, despite subsequent judicial liquidation, Argos's technical assistance allowed two major public works to be completed and creditors to be repaid in full.

Mission

Diagnostic, claims, client disputes

Objectives

• Diagnostic and review of ongoing matters
• Handling of claims and validation of bank facilities
• Assistance with contract management and client disputes

Stakes

• €50M revenue, 350 employees

Result

Creditors repaid

Mission

Delay and cost impact analysis — court-appointed expertise (termination)

Objectives

• Critical analysis of the opposing party's report and impact assessment
• Report on the contractual situation

Stakes

• €8.5M on a €32M contract (32%).

Result

To come.

Context

The Independent Business Review carried out by Argos Construction set the divestment strategy and persuaded the owner not to pursue a recovery plan that would have been personally risky. Talks with a potential buyer could then begin on a clean footing.

Mission

Diagnostic, claims, client disputes

Objectives

• Diagnostic and business plan review under ad hoc mandate then receivership
• Financial assistance and works-stoppage closures during the sale plan

Stakes

• €45M revenue, 455 employees