Procurement of a metro project
Client: Government authority
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.
By developing a clear and focussed procurement package, the client was able to concentrate on achieving the best possible results from the tender process.