The work on site was succeeding. The commercial position was not.
Commercial Recovery
The problem
On an infrastructure programme, delivery on site was strong, but commercial control had broken down.
Changes had not been recorded, historic compensation events had not been captured, and cost and programme reporting could not be relied on. The client lost confidence in the forecast and placed the programme under a stop order.
The approach
The programme was rebaselined, historic costs reconciled, financial reporting and applications for payment rebuilt, and contractual entitlement reviewed in detail.
The outcome
The stop order was lifted and historic compensation events were approved. The Target Price rose by £5m, and the client’s restored confidence supported a further £10m of scope.