References

Context

Despite significant disruptions, the joint venture in charge of track-laying and overhead-line works (€200M) completed the project without jeopardising the train commissioning date. Argos Construction's analysis brought to light critical disruptions previously unidentified, allowing more than €10M in delay penalties to be challenged.

Mission

Claim for additional compensation relating to disruptions

Objectives

• Delay analysis and substantiation of entitlements
• Review and complement of cost-overrun pricing
• Drafting of the memorandum to be attached to the draft final account

Stakes

• 6 months of time extension to be substantiated
• €10M of delay penalties
• €30M of cost overruns

Results

Under discussion

Mission

Final account analysis — weather-tight stage

Objectives

• Analysis of design changes and time entitlements
• Review of the general contractor's claims and Architect's opinion
• Analysis of the account line items

Stakes

• 6-month delay on an initial 2-year schedule
• €5M on a €11M contract (32%).

Results

To come.

Mission

Acquisition audit (in bonis)

Objectives

• Detailed review of cash-flow plans and organisation
• 5-year business plan and development plan for partners

Stakes

• €225M (portfolio)

Context

Within the post-Covid recovery plan, this €27M contract covers the energy retrofit (target: −45%) of a 30,000 m² high-rise building that must remain in operation. Argos Construction supports the Owner in delivering a tight schedule organised in 9 phases over two years, including design.

Mission

Set-up of contract-management tools and schedule monitoring

Stakes

• Enable the Owner to maintain continuous operation of the premises with minimum disruption, through tools that allow close schedule monitoring and strict respect of deadlines.

Context

Faced with non-compliant geological conditions and changes imposed from the start of excavation, the joint venture had presented two memoranda totalling €20M, accepted at only 10% by the Owner. Argos Construction's independent review, establishing €10.1M as the negotiated baseline, led to a signed amendment for €9.6M.

Mission

Preparation of an Argos-headed report

Objectives

• Review of claims as part of the negotiation of an amendment

Stakes

• €20M presented by the joint venture, reassessed at €10M by Argos Construction

Results

€9.6M

Mission

Review and defence of the claim file — court-appointed expertise

Objectives

• Review and additional analysis of the existing file
• Drafting of supplementary memoranda
• Assistance with defence and amicable negotiation

Stakes

• €3M on a €4M contract.

Results

Amicable negotiation.

Mission

Review of ongoing matters and cost structure

Objectives

• Review of project-by-project cash flow and organisation
• Control of receivables assignments and contractual assistance

Stakes

• €40M revenue, 180 employees

Context

The refurbishment of this high-end hotel complex is now expected to run 6.5 months late, due to numerous client changes and the failure of contractors holding key trade packages. The electrical contractor (€21M) engaged Argos Construction to prepare a provisional statement of cost overruns to support negotiations for an amendment.

Mission

Preparation of a provisional statement of cost overruns and damages

Objectives

• Contractual and delay analysis
• Review and complement of cost-overrun and damages pricing

Stakes

• 6.5-month extension on an initial 21-month schedule
• €3.8M of cost overruns

Results

Discussions ongoing

Mission

Delay impact analysis — litigation on behalf of the Architect

Objectives

• Determination of works performed (base contract vs. additional)
• Assistance to counsel and report advocacy
• Drafting of reports and supplementary notes

Stakes

• 6-month delay on an initial 9.5-month schedule
• €2,526k on a €9.66M contract.

Results

To come.