PROJECT CASE STUDY
CLIENT: Trade Contractor (> £1B worldwide turnover)
PROJECT: High Speed 1
VALUE: Approx £72.5M
SPECIFIC SERVICES:
Preparation of NEC compensation events including analysis of critical delays to demonstrate
change to the Completion Date and evaluation of Actual Cost.
PARTICULARS:
Our client required support preparing compensation events to a standard necessary for adjudication purposes should such be necessary. MBM analysed the various events that had affected progress and identified a true list of compensation events that complied with clause 60. MBM established the relevant Accepted Programmes, updated for progress and impacted the specific compensation event to establish its effect on completion. MBM established the financial consequences of the direct works as well as the indirect costs, such as time related costs, disruption costs, presented in the form prescribed by the NEC and defined as part of the Actual Cost for which our Client was entitled to compensation.
BENEFITS:
MBM provided a one stop shop whereby they were the single point of responsibility for the Commercial Director. This allowed existing commercial staff to concentrate on their specific duties. Our Client therefore had confidence that his case was being presented in accordance with the contract and in a robust yet persuasive manner.
VALUE ADDED:
Protection from delay damages: £7.25M
Actual Cost of Compensation Events: £15M
Approximate fee cost: £200k
Allocation of Design Risk
The allocation of design risk: Is it fit for purpose? THE WORDS ‘FIT FOR PURPOSE’ reached the House of Commons in 2006 when the former Home Secretary, Dr John Read, used them in a negative context about the competence of his department. This term has now fallen into...
Measuring loss of productivity
Measuring loss of productivity: A dark art? AT THE RISK OF STRAYING INTO HOGWARTIAN MYTH, of all the mysterious arts allegedly practiced by claims consultants, those dark wizards of contractual and commercial affairs, none can have caused as much controversy,...
Commercial & Tendering Risk
Have your cake…Commercial and Tendering Risk As long as I’ve been in construction they’ve been cracking the old jibe about the role of quantity surveyors and lawyers. You know the one; quantity surveyors go in whilst no‐one’s looking and bayonet the wounded then...