Buckingham Group is facing a nail-biting wait after being named as the favoured contractor to take on the Bristol Arena project after Bouygues walked away from the job over price.
Now the contractor will have to wait for the outcome of a crunch council cabinet meeting on Tuesday to determine the fate of the project before it can celebrate what could be one of its biggest contract wins.
The council’s ruling cabinet will be asked to decided whether to press ahead with as pre-construction agreement or look at scaling back the project and retendering.
Buckingham Group was the second choice contractor when the council originally put the arena plans out to tender.
After failing to agree a price with Bouygues UK, the authority has turned to the runner-up to move the scheme forward, now estimated to cost around £94m.
Should cabinet decide to proceed with the Arena project, final negotiations with Buckingham Group will take place over coming months to agree a final contract price for the 12,000-seat arena.
The council has already spent £9m on the project which was hoped to regenerate the arena next to Temple Meads railway station.
from Construction Enquirer http://www.constructionenquirer.com/2017/03/30/buckingham-group-awaits-crunch-bristol-arena-verdict/
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