FRC Group Pty Ltd

Quantum Pre-Award Services

About FRC Group Pty Ltd

FRC Group is a quality endorsed concrete and civil contracting specialist with over a decade of experience in the construction, resource and infrastructure sectors of Australia.

Service

Quantum Pre-Award (QPRE): Tender Instructions Review, Terms & Conditions Review, Associated Documents Review, Departures Preparation, Overall Risk Review, Video Summary, Monthly Lunch & Learns

Date Started

2020

Contract Value Range

$500,000 +

Quantum Pre-Award Services

Quantum Pre-Award Services  – Tender Instructions Review, Terms & Conditions Review, Associated Documents Review, Departures Preparation, Overall Risk Review, Video Summary, Monthly Lunch & Learns

FRC Group Website: http://www.frcgroup.com.au

Client's Requirements

Our client is routinely engaged by large oil & gas companies, specialist contractors and governments are often expected to sign up to highly ammended or “hostile” contracts. 
 
Some challenges included:
 
  • Excessive Payment Terms
  • Excessive Security Requirement
  • Unlimited Liability
  • Excessive Security Requirement
  • Indemnities are not reciprocal nor reduced proportionately
  • Consequential Damages 
  • Excessive or Unlimited Re-warranty Period
  • Excessive and no Capped on Liquidated Damages
  • Caps on Delay Cost
  • Expected to bear the full risk for Force Majeure Events and/or Latent Conditions
  • Tight Time bars
  • Ownership of materials transferring too early.  

Result and Contribution

Having prepared hundreds of sets of departures for clients. We know:

  • How many departures to prepare
  • What gets accepted and what doesn’t
  • How to mitigate issues

In some instances we were able to get rid of DLP and Security provisions full stop and in other instances reduce them substantially. This reduced our clients contractual risk significantly, senior management make informed commercial decisions and ultimately we saved them money in the long run.  

Making the difference

In a very short timescale, we were able to mobilize an experienced and specialist team whom were able to understand large volumes of information, perform detailed analysis and draft an extensive report, which resulted in a successful award for our client. Our client was extremely pleased with our output as most of the proposed changes and departures has been accepted by their client.

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