Equib was engaged to review and validate the client and contractor risk registers to form the basis of a conversion of the overall target price contract into a fixed price lump sum to complete the works.

Project:

Scottish and Southern Energy commissioned the replacement of the existing 132 kVa overhead transmission lines from Beauly to Denny in the Scottish Highlands with a 400kVa line.

Objective was to replace the weakest link in the Scottish power loop and ensure capability to handle future renewable energy demands.

220km of new 400 kVa transmission lines through extremely challenging terrain in the Drumochter and Cairngorms National Park. The contract was awarded to Balfour Beatty Utility Services, 3-year programme, £290m at contract award. Estimated final contract value £330-340m

Services:

Equib was engaged to review and validate the client and contractor risk registers to form the basis of a conversion of the overall target price contract into a fixed price lump sum to complete the works.

This review took place approximately halfway through the project.

  • Facilitate Risk workshops to validate and confirm the risk registers for the three geographical regions.
  • Conduct risk analysis to determine the client, contractor and shared risk exposures
  • This analysis formed the basis for the negotiation to price and allocate risk during the conversion of the target price to a fixed price contract to complete the works
  • Produce risk exposure profiles for the remaining works to completion to identify the potential contingency release curve