References

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

Result

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).

Result

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.

Result

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.).

Result

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

Mission

Control and follow-up of account closures at disposal

Objectives

• Control of works performed and invoicing as of the disposal date
• Follow-up of customer accounts, receivables assignments and litigation

Stakes

• €68M revenue, order book: €30M, 527 ongoing matters

Context

A long-standing specialist in high-end painting works, the company saw its business decline as the trade evolved. Argos Construction's intervention during the judicial liquidation kept the brand alive by facilitating the take-over of two sites.

Mission

Cut-off assistance and closure of unsettled matters

Objectives

• Review of ongoing matters and mobilisation accounts (Dailly)
• Reconciliation of subcontractor statements
• Follow-up of insurance claims and litigation

Stakes

• €5M revenue, €2.3M forecast activity