Cherepovetskaya GRES
Technical, financial and legal due diligence
Country:
Russian Federation
Location:
Vologda region
Customer:
UGK-Investproject, LLC
Period:
July - September 2014
The following main aspects were analyzed as part of the examination:
- legal assessment of the General Contractor's Agreement and all amendments and adjustments for their impact on the cost and timing of the work;
- legal analysis of the terms and conditions of the General Contractor's Agreement and its execution, correspondence and relevant court practice;
- independent assessment of the validity of penalties imposed on the General Contractor;
- expert assessment of legal, technical and financial risks of the Customer, development of recommendations on elimination/minimization of risks (including assessment of risks of increase in the cost of the General Contractor's Agreement; risks of deviation from the planned terms of commissioning of the Facility);
- independent assessment of the Object readiness;
- analysis of the project implementation schedule, assessment of the possibility to construct the power unit within the contractual deadlines, assessment of the reasons for postponing the commissioning of the power unit;
- assessment of the feasibility of the General Contractor's proposals to change the construction schedule.