References

Context

With the works completed but acceptance refused due to leaks, the joint venture had presented a €9M claim covering 17 months of delay. Argos Construction's analysis distinguished 11 compensable months, 3 excusable but non-compensable months and 3 months attributable to the contractor, leading to partial admissibility of around €500k.

Mission

Report in response to the joint venture's claim memorandum

Mission

Review of financial claim files — dam

Objectives

• Analysis of contractual elements and pricing of cost overruns
• Drafting of the memorandum and contract-management follow-up

Stakes

• 20-month delay on an initial 33-month schedule
• €78M on a €159M contract.

Result

€28M for a recommendation between €28M and €40M.

Context

Threatened with the withdrawal of bank facilities following a drop in business and weak management control, the company entered receivership. The Independent Business Review and forecasts prepared by Argos Construction for its seven subsidiaries clarified the situation and supported the divestment.

Mission

Ad hoc mandate then receivership

Objectives

• Preparation of forecasts and control of receivable mobilisations
• Review of customer accounts and opinions on contract terminations

Stakes

• €69M, 60 employees

Context

Faced with a €7M penalty demand from the Owner, the contractor was claiming €16M of additional compensation. Argos Construction's detailed analysis showed that the changes imposed by the Owner itself were the cause of the delays, allowing the penalties to be set aside.

Mission

Preparation of a claim for additional compensation — general account

Objectives

• Contractual analysis and reconstruction of disruptive events
• Delay analysis and financial impacts
• Drafting of the additional-compensation memorandum

Stakes

• Phase 1: 14-day delay on an initial 147 days; Phase 2: 35-day delay on an initial 91 days; Phase 3: 0 days on an initial 112 days
• €8M on a €50M contract

Result

Out-of-court settlement

Mission

Claim for additional compensation

Objectives

• Quantification and presentation of damages
• Assistance with defence and participation in meetings
• Drafting of supplementary memoranda

Stakes

• 49-day delay on an initial 8-month schedule
• €7M on a €51M contract.

Result

To come.

Mission

Delay analysis and review of pricing — tunnel

Objectives

• Review of the existing analysis and delay analysis
• Preparation and drafting of the corresponding memorandum

Stakes

• €4.8M on a €130M contract.

Result

Report submitted.

Context

Significant operating losses incurred after the acquisition led to judicial liquidation. Argos Construction stepped in at the start of the proceedings to handle account closures on major sites located across France.

Mission

Cut-off assistance and account closures — court-appointed administrator

Objectives

• Review and account closure of contracts taken over and not taken over
• Reconciliation of subcontractor accounts and direct payments
• Follow-up of insurance claims and litigation

Stakes

• €40M revenue, €8,855k, 98 matters

Context

Following the judicial liquidation of its Italian parent company, the company was itself placed in liquidation. Argos Construction's intervention enabled 3 of the 7 sites to be transferred to a competitor following a project review.

Mission

Technical assistance to the court-appointed administrator — continued activity

Objectives

• Review of organisation and ongoing matters
• Closure of matters not taken over and end-of-works statements
• Note on customer-account issues

Stakes

• €15M revenue, €1,150k forecast activity

Mission

Independent expert appointed by the builder — analysis of delays and quantum (arbitration)

Stakes

• 12 years of time extension
• €200M of cost overruns and damages claimed by the builder
• €50M of damages alleged by the Owner

Result

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