References

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

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.

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

Objectives

• Analysis of the impact of changes and disruptions on the schedule
• Contribution to the rejoinder memorandum and advocacy before the Arbitral Tribunal

Stakes

• €5M of cost overruns claimed on a €11M overall contract
• End-of-project delay estimated at 49 months on an initial 18-month schedule, with 38 months attributable to the co-contractor according to our analysis.

Results

Delay of at least 5.5 months on an initial 14-month schedule; €8M plus interest.

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

Objectives

• Analysis of the impact of changes and disruptions on execution
• Defects analysis and presentation of technical solutions

Stakes

• €3.9M on a €3.7M contract.

Results

Amicable negotiation.

Context

After four years of exponential growth, this electrical contractor with ten branches was abruptly hit by the downturn and placed in judicial liquidation. Argos Construction provided the technical status update for all 460 ongoing matters.

Mission

Technical assistance to the court-appointed administrator with account closures

Objectives

• Organisation of on-site verification of works performed
• Reconciliation of subcontractor accounts and receivables assignments
• Follow-up of litigation

Stakes

• €87M revenue, €10,873k, 460 matters

Mission

Independent expert appointed by the builder — analysis of delay causes and financial consequences (arbitration)

Stakes

• 22 months of time extension
• €30M of cost overruns and damages claimed by the builder
• €40M of damages alleged by the Owner

Results

/.

Mission

Technical assistance to the court-appointed administrator with account closures

Objectives

• Summary status of ongoing contracts and account closures of contracts not taken over
• Reconciliation of subcontractors and direct payments
• Follow-up of insurance claims and litigation

Stakes

• €16M revenue, €25,444k, 766 main matters, 220 employees