References

Context

The conversion of this Parisian building into a 5-star hotel (€6M, 14 months) suffered a 7-month delay across all trades, entirely due to late input data and constant changes outside the joint venture's control. Argos Construction prepared the claim memorandum for €1.2M of cost overruns, while the Owner intends to apply €860k in delay penalties.

Mission

Preparation of a claim for additional compensation

Objectives

• Analysis of contract documents and contemporaneous records
• Analysis of cumulative delay impacts
• Quantification of cost overruns and drafting of the memorandum

Stakes

• 7-month delay on an initial 14-month schedule (+50%)
• €1.2M on an initial €6M contract (20%)

Mission

Technical advisor to the Owner — amicable expertise

Objectives

• Analysis of the general contractor's claim files
• Review of pricing and conclusions

Stakes

• 6-month delay on an initial 56-month schedule
• €20M on a €300M contract.

Results

Amicable negotiation.

Context

Engaged to validate the opportunity of acquiring a company with complementary activities, Argos Construction assessed costs before and after the takeover and prepared the budget forecast based on the existing order book.

Mission

Technical assistance — review of the situation during acquisition

Objectives

• Review of organisation and cost structure
• Review of forecast margins, customer accounts and budget

Stakes

• €5.5M revenue, 37 employees

Context

Following Argos Construction's intervention, which restored balance between the Owner and the contractor wrongly identified as the source of the delays on this multi-trade project, a claim for additional compensation could be presented and defended.

Mission

Claim for additional compensation — final account

Objectives

• Reconstruction of disruptions and substantiation of the time extension
• Analysis of impact on resource mobilisation
• Establishment of cost-overrun and damages pricing

Stakes

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

Results

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

Mission

Technical assistance during the observation period in receivership

Objectives

• Review of organisation and cost structure
• End-of-project forecasts and 6-month rolling overall forecast

Stakes

• €31M revenue with €6M loss, €33M forecast revenue, 147 employees

Mission

Delay and quantum expertise — ICC arbitration (termination)

Objectives

• Analysis of disruptive events and damages
• Review of the Owner's claim
• Hearing advocacy (in English)

Stakes

• €10M on a €25M contract (i.e. 40% of the contract amount).

Results

Awaiting ruling.

Mission

Technical assistance — Dailly

Objectives

• Control and validation of receivables assignments (Dailly law) and account monitoring

Stakes

• €8M, 44 employees

Mission

Independent opinion on delay analysis and estimation of cost overruns

Objectives

• Analysis of documentation and strategy
• Summary note on methodology and delay risks

Stakes

• 25-month delay on an initial 15-month schedule
• €197.7M (eq.) on a €268.4M (eq.) contract.

Results

To come.

Objectives

• Report in response to the opposing expert on design and construction delays at the date of termination

Stakes

• The general contractor presented a claim of €70.7M (eq.), or 141% of the initial contract amount
• The Owner also filed counterclaims totalling €13.1M (eq.).

Results

The arbitrators confirmed that termination of the general contractor's contract was well founded and ordered the Owner to pay 11% of its claim.