References

Context

Dans le cadre de son redressement judiciaire, pour une société de promotion immobilière, la revue technique et opérationnelle indépendante des bilans prévisionnels des 15 programmes en cours et 60 programmes à démarrer, en France et au Luxembourg, afin d’évaluer le prévisionnel de trésorerie et donc la capacité de la société à poursuivre ces programmes.

Mission

Restructuring

Objectives

• Independent external review of financial forecasts for ongoing and upcoming programs;
• Site visits to ongoing construction projects.

Stakes

• 15 ongoing operations and 60 programs yet to be launched;
• Coordination with co-developers when required.

Result

Transfer of SCCV (French real estate development company), follow-up on the completion of certain programmes and enforcement of the Completion Guarantee.

Context

Le projet porte sur la conception, la réalisation et la maintenance (CREM) du nouveau bâtiment de la Direction Régionale de la Police Judiciaire de Paris (DRPJ), situé dans le 17e arrondissement, confié par la Préfecture de Police (Maître d'Ouvrage) à un groupement d’entreprises.
Le marché a été perturbé par de nombreuses modifications du programme, des notifications tardives, des travaux supplémentaires non régularisés et des mises à disposition tardives d'équipements de sûreté.
Malgré ces perturbations, le Groupement a adapté ses moyens et obtenu la réception des travaux avec seulement 2,5 mois de retard.
Argos Construction est intervenu en qualité d'expert au soutien du Groupement dans le cadre de la demande de rémunération complémentaire résultant des modifications dans les conditions d'exécution du contrat.

Mission

Gestion contractuelle

Objectives

• Analyser et quantifier les perturbations et modifications dans les conditions d'exécution du marché subies par le Groupement
• Constituer et valoriser le mémoire en demande de rémunération ;
• Démontrer l'impact des décisions et retards du Maître d'Ouvrage sur les conditions d'exécution et les coûts du Groupement

Stakes

• Montant global du marché : 112 M€ HT (toutes tranches confondues), dont 100 M € HT pour la Tranche Ferme
• Durée contractuelle : 44 mois
• Principaux faits perturbateurs : modification tardive du programme Sûreté, notifications partielles tardives de la Tranche Conditionnelle n°1 (Aménagement), mise à disposition tardive du matériel actif de sûreté, validation tardive des documents d'exécution relatifs à la Signalétique, notification tardive de la couverture téléphonie mobile

Context

In the context of the liquidation of a contractor holding a construction contract for an office building in Paris region: delay analysis and quantum, and assistance in the defects rectification.

Mission

Restructuring

Objectives

• Delay analysis using the As Planned versus As Built Windows Analysis methodology
• Quantum assessment
• Assistance to the liquidator in negotiations with the Employer and in the defects rectification

Stakes

• Lump sum contract - Total amount : € 100M
• Final account submitted by the contractor: balance of € 113M including a claim of € 77M
• Final account notified by the Employer: debit balance of - € 26M

Result

The ARGOS report enabled the liquidator to conduct amicable negotiations with the Employer and reach an agreement of a balance of €23M, including €2M of provisional retentions pending the defects rectification.

ARGOS assisted the liquidator in the defects rectification and 95% of the provisional retentions were finally released.

Context

For an Employer’s representative in charge of the project management of a luxury residence rehabilitation in France : technical analysis of a claim from the Contractor

Mission

Claim Management

Objectives

• Delay analysis using the As Planned vs As Built Windows Analysis methodology
• Review of Contractor’s quantum

Stakes

• Lump sum contract - Total amount: € 100M
• Initial Time for Completion: 34 months
• Contractor’s claim amount of € 45M and extension of time of 8 months requested
• Completion by summer was required by the Employer

Result

The ARGOS report enabled amicable negotiations with the Contractor, leading to an agreement on completion prior to the summer period, which was met.

Context

For a contractor in charge of the Design, Construction and Maintenance of an hospital in the Caribbean: substantiation of an Extension of Time application.

Mission

Claim Management

Objectives

• Delay analysis using the Time Impact Analysis methodology

Stakes

• Design-Build-Maintenance Contract (FIDIC Gold Book 2008) – Total amount : $140M USD
• Initial Time for Completion: 36 months
• Extension of Time of 14 months requested

Result

Extension of Time granted to the Contractor

Context

The project involves the construction of a residential tower in Warsaw, Poland, under a lump-sum contract valued at €25.8M (excl. VAT). Following termination of the contract by the Client, an arbitration dispute arose between the two parties concerning the final account, contractual penalties, damages and the contractor's claims. Argos Construction acted as quantum expert in support of the contractor INSO, in order to analyse and value the company's counterclaim.

Mission

Disputes & Arbitration

Objectives

• Analyse and respond to the Client's statement of claim on a line-by-line basis;
• Assess and value the contractor's counterclaim (additional works, losses and damages, termination costs, interest);
• Identify and demonstrate errors and omissions in the valuation carried out by the opposing party's expert.

Stakes

• Contract value: ≈€25.8M — lump-sum contract;
• Total gap between the parties' positions: over €17.5M;
• Key issues in dispute: termination penalty (10% of the contract price), damages for delay (76 days), additional works arising from the Client's variations, payments to subcontractors, defective works, loss of margin on unexecuted works.

Context

As part of an ICC arbitration between a Turkish contractor and an Algerian project owner, Argos Construction acted as an independent expert.
The project under arbitration is located in Algeria and involves a mixed development combining new construction and refurbishment to create a real estate complex including a shopping center, a hotel, office spaces, an underground parking facility, and a conference center.
The total construction cost amounts to €100 million, with an initial execution period of 27 months.
The project experienced a delay extension of 22 months, and the parties were unable to determine their respective responsibilities.Describe the project context in 3 to 5 sentences: nature of the project, stakeholders, issues encountered and the value added by Argos Construction.

Mission

Argos Construction was appointed by the contractor (the respondent) as an independent expert to provide an opinion on the causes of the project delays and their financial consequences.

Objectives

• Analysis of contractual, technical, and administrative documents
• Review of contemporaneous project records
• Preparation of a report analyzing the causes of delays and their financial impact
• Review of opposing expert reports and preparation of rebuttal reports
• Participation in arbitration hearings to support our findings

Stakes

• €30 million in additional costs and damages claimed by the contractor
• €40 million in damages claimed by the project owner

Context

Describe the project context in 3 to 5 sentences: nature of the project, stakeholders, issues encountered and the value added by Argos Construction.

Mission

Restructuring

Objectives

• Review of contractor procurement procedures (tendering, contract award ad execution);
• Verification of works accounts and identification of discrepancies between initial contracts and final settlement certificates (modifications) ;
• Identification and classification of anomalies by project and by phase (Tendering, Contract Execution, Works execution);
• Assessment of financial stakes and cost management effectiveness.

Stakes

• Portfolio of 9 real estate projects (offices and retail) across Francen for a total contract value of 12 m€;
• Anomalies identified on over 50% of the audited contract value;
• Governance challenges for the client.

Result

Two-phase audit report covering 100 works contracts, highlighting financial anomalies on 50% of the audited amount (6,2m€). The findings enabled our client to identify dysfunctions in their internal procedures and implement the necessary adjustments for improved management of the real estate portfolio.

Context

The project involves the construction of 3 buildings comprising 121 residential units and 2 commercial units, together with 38 villas, located in Ajaccio.
Works commenced in early 2023 before being suspended in July of the same year.
Argos Construction intervened, from late 2025, in the capacity of ad hoc administrator to assist the guarantor (GFA) in fulfilling its obligation to complete the works.

Mission

E.g.: Contract Management

Objectives

• Take all decisions necessary for the management and completion of the programme;
• Redefine the programme;
• Assess the works and interventions remaining to be carried out;
• Prepare a projected financial statement;
• Submit the amended building permit application;
• Procure and supervise, acting as substitute project owner specifically responsible for completion, all necessary works;
• Audit the purchasers' accounts;
• Arrange for formal certification of programme completion;
• Organise the handover and acceptance process;
• Settle the final accounts with the contractors.

Stakes

• Duration of remaining works: 40 months;
• Value of remaining works: ~€ 20 M excl. VAT.