HS2 contest for £500m tunnel and lineside M&E works
High Speed 2 rail chiefs have fired the starting gun on bidding for £500m worth of tunnel and lineside M&E and ventilation works.
The procurement process has now been revised amid concern among contractors about the balance of risk and reward on contracts.
The latest plan is to let the work as a target cost NEC3 contract where the out-turn financial risks are shared between the client and the contractor.
Tender documents will ask firms to price Phase One to Birmingham and Phase 2a to Crewe together and separately.
Working estimates value phase one at £370m – £438m and phase 2a at £45m – £60m.