Click here to read our latest news and articles addressing the impact COVID-19 is having on the construction industry

Procurement of a metro project

Facts

Client: Government authority

Region: Europe

Industry: Construction

Acting in conjunction with local co-counsel on behalf of the state owned employer on a Euros 1 billion metro project part-funded by the European Investment Bank.

Issues & solutions

The key issue requiring our input was to develop a procurement structure and strategy. Given the size and complexity of the project, it was anticipated that the successful bidder would be a consortium of contractors acting in joint venture.

The principal construction contract was based on the FIDIC Yellow Book. We assisted the client in drafting and preparing the entire suite of contract documentation including construction contracts, direct agreements, professional appointments and performance security documents such as bonds and guarantees.

Benefits

By developing a clear and focussed procurement package, the client was able to concentrate on achieving the best possible results from the tender process.