References

Context

Faced with major subcontracting issues, Argos Construction proposed a method for assessing the major ongoing projects across all branches, accelerating entry into receivership. Technical assistance during the sale plan then enabled the closure of the remaining unsettled matters.

Mission

Diagnostic and steering during receivership

Objectives

• Diagnostic and review of ongoing matters
• Handling of claims and validation of bank facilities
• Dispute management and works-stoppage closures

Stakes

• €55M, 450 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

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.

Results

Report submitted.

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

Limited external opinion for the Architect

Objectives

• Analysis of changes and disruptions per contract
• Summary note on schedule and financial impacts

Stakes

• 14-month delay on an initial 22-month schedule
• €60.1M (eq.) on a €57.4M (eq.) contract.

Results

To come.

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

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.