Quote:
Originally Posted by lubicon
Wondering out loud if there may be a provision in the contract to deal with unforeseen situations like this. Something like:
- land reversion to the TsuTina deadline could be extended due to court case
or
- increased cost to contractor to meet both a time deadline and possibly an entirely new bridge design than they thought they were bidding to build.
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The provision you are alluding to is commonly called a relief event.
Whether it applies in this instance depends on who you ask... The contractor will say yes, AT will say no.
These P3 jobs are executed as fixed price, date certain Design, Build, Finance, Operate contracts.
They will be loaded up with liquidated damages for not meeting the target date.
As I recall, the timing of the target date is long before the land reversion clause kicks in. In other words there is float in the schedule to accommodate.
What I doubt that the contractor would have priced any dwell time for a delay of this nature.