London Underground (LU) has shortlisted four bidding groups for the £500m Bank station capacity upgrade project.
The four pre-qualified bidding groups include a BFK joint-venture, comprising of BAM Nuttall, Ferrovial and Kier, CVC which is made up of Costain, VINCI Grand Projets and VINCI Construction as well as Dragados and an MBA joint-venture of Morgan Sindall, Balfour Beatty and Alpine Bemo Tunnelling.
LU will engage the four shortlisted bidders through the new innovative contractor engagement (ICE) procurement process, which the agency is using for the first time with this project, to select a winner by July 2013.
LU capital programmes director David Waboso said: "This process should improve our relationship with the contractor market and get the benefits of early contractor involvement while developing major design and build contracts."
The ICE process has been designed to allow bidders to bring their expertise and knowledge to help reduce cost and risk to the project.
According to LU, the evaluation criteria used in the pre qualification questionnaire (PQQ) targeted the contractors’ ability to deliver and innovate.
Procurement now enters the structured dialogue phase, where bidders present proposals against requirements that have been produced by LU.
By using ICE, LU said that it is looking to deliver 10% to 20% increased value on the Bank capacity upgrade.
The Bank-Monument station is one of the busiest interchanges on the tube network, with 96,000 passengers using the hub during the morning hours.
Work on the project, which includes increased capacity at Bank station and provide step-free access to the Docklands Light Railway (DLR) and the Northern Line, is expected to be completed by 2021.
Image: London Underground will engage the four shortlisted bidders through the new ICE procurement process to select a winner by July 2013. Photo: courtesy of Tom Page.