Contract Review

• Scope and Demarcation: Clearly define our works and their interfaces with other parties.
• Design Responsibilities: Clarify design, drawing, and coordination duties.
• Performance Bonds and Warranties: Outline requirements for performance bonds, parent company guarantees, and collateral warranties.
• Contractual Requirements: Establish key requirements such as notices to commence or delay, valuation submission dates, and variations or instruction protocols.
• Rates and Prices: Ensure submitted rates and prices are utilized for pricing variations and identify provisional sums or completion sums, including necessary details and timelines for instructions.

Commercial Strategy Development

• Tender Analysis: Fully understand the approach taken during tendering and pricing, capturing key decisions to ensure alignment with project delivery.
• Client Relationships: Build and maintain strong client relationships while managing key commercial risks.
• Risk Management: Identify credit risks and address contractual requirements related to notices and extensions of time (EOTs).
• Variations and Instructions: Understand specific requirements that may impact recovery.

Margin Improvement Plan

Once a comprehensive understanding of the project is achieved, we develop a margin improvement plan to identify opportunities for enhancing margin recovery based on our review findings.

Procurement Scheduling

• Detailed Procurement Narrative: Create a project-specific procurement strategy that verifies the completeness of the tender.
• Comprehensive Procurement Schedule: Develop a procurement schedule that aligns with project budgets and assumptions, ensuring clarity and accountability throughout the procurement process.

At HNDC, we are committed to delivering effective commercial contract and procurement solutions that enhance project success and profitability. Partner with us to navigate the complexities of commercial agreements and achieve your project objectives.