好色先生TV

HS2 has restarted its search for a contractor to build the 拢571m Curzon Street station in the heart of Birmingham. It has increased the value of the project by 拢136m seven months after it cancelled its previous procurement process.

Last June the railway scrapped the proposed deal, which was then worth 拢435m, after concluding that it needed to rethink its approach to risk.

It said it would launch a 鈥渞evised strategy鈥� for the Grimshaw Architects-designed scheme, under which less risk will be passed on to the station鈥檚 design and build contractor. 

It added: 鈥淗S2 has recognised the current market conditions are challenging and the increasing concern regarding risk transfer. We wanted to revise our position to provide a better balance and overall outcome.

The search for a contractor is now underway again and the value of the deal has risen by 31%.

In a published to the Official Journal this morning HS2 said the contract would run until January 2028.

鈥淭he contractor will be appointed to design and build the new Midlands station to budget and programme, including detailed design, construction and commissioning and associated works and services.

鈥淎s well as awarding the contract, HS2 Ltd will also enter into a framework agreement with unsuccessful tenderers whose technical submissions at ITT [invitation to tender] stage achieve a minimum threshold evaluation score.鈥�

HS2 said it would reserve the right 鈥渢o step-in and rescue and step-out or to step-in to the contractor鈥檚 appointment following a termination and to step-in to subcontracts as employer鈥�.

Firms have until 12 March to register their interest. Four or five shortlisted bidders are due to be notified by 1 July.

好色先生TV revealed this week that Laing O鈥橰ourke was interested in bidding for the Curzon Street project.

Contracts have already been awarded on HS2鈥檚 London stations. A Mace/Dragados team is working on Euston and a joint venture between Balfour Beatty and Vinci has the contract for Old Oak Common.

In November HS2 began to test the waters with contractors interested in building HS2鈥檚 Interchange station in the West Midlands, announcing that it would start the race for works in May.

Procurement for work on the track and overhead system and for tunnel and lineside M&E work was also paused to allow the railway to revise its approach to risk 鈥� something it has now done, according to the National Audit Office.

In a report released this morning the public spending watchdog said contractors had been contractually obliged to cover 60% of any cost increases above a target price, but HS2 has now changed this.

鈥淭o incentivise contractors to deliver, HS2 will agree performance indicators, including on cost and schedule,鈥� the watchdog said.

鈥淚f contractors do not meet the required performance, they will lose a proportion of their fee. HS2 has provided contractors with the potential to claw back lost fee payments if they can demonstrate improved performance.鈥�

The independent review of HS2 carried out by Doug Oakervee is set to be published next month.