References

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.

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

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.

Result

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.

Result

To come.

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.).

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.