The Client was a Middle Eastern specialist drilling subcontractor with an initial subcontract sum of US$48m with terms and conditions that were bespoke to the main contractor, riddled with errors and onerous terms and condition precedents. In addition to this, there were various supplemental agreements that added a further layer of complexity.
The subcontractor claimed to have been delayed by others and lost significant amounts but was unable to identify the cause and/or effect in the level of detail necessary to persuade the Client of entitlement.
Having already entered into various supplemental agreements and paid approximately 50% on top of the initial subcontract sum, the main contractor was unwilling to entertain further requests for extensions of time and/or additional payments.
TREO embarked upon a forensic investigation, interviewing staff, reviewing all documentation, progress records, cost information and drilling records to identify, quantify and evidence entitlements.
After a twelve-month period, TREO issued the client a US$50m claim with a full extension of time. Using this, the Client successfully negotiated a settlement that far exceeded their initial expectations.
TREO is a professional consultancy providing specialist commercial management, project controls, claims management, delay analysis and dispute resolution services to the UK and international engineering and construction industry.
Mill House, Mill Court, Great Shelford, Cambridge CB22 5LD
+44 20 81763402
Copyright 2021 Treo Consulting All rights reserved.
