Project
- Name
- Erection of 4 No. Quayside Cranes, Bahamas
- Involvement
- Preparation, negotiation and agreement of final account in the role of Mediator
- Subcontract Value
- $3,040,000
- Final Account Value
- $8,778,000
- Overview
-
Provision of labour only services for the erection of 4 No. dockside cranes including the overseeing of subcontractors and procurement of services such as hiring of 400 Tonne mobile crane to assist erection.
The contract was delayed due to various factors and costs had to be apportioned between the involved parties by the drafting of a tripartite agreement setting out the heads of claim, responsibilities and liabilities to each party, including a time frame for invoicing and payment.