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ICE Storeys Gate contractor goes bust

The contractor carrying out the £5.1M refurbishment of the ICE’s new 8 Storeys Gate gate office has gone into administration.

Contractor Killby & Gayford began contracting in 1860 and specialised in high quality jobs, predominantly in the restoration and refurbishment market.

The ICE said it was aware of the situation and that it was working on a contingency plan.

“We have a contigency plan, we will be monitoring what is going on and we will be developing the detail of our plan over the next 48 hours,” said ICE director general Nick Baveystock.

The news is yet another set back for the project. Only this month ICE Council heard how Kilby & Gayford had presented the ICE with a revised programme for completion showing a six-week delay.

Council heard that the ICE has not accepted this and that it was working with them to minimise the delay as much as possible.

“Refurbishment practical completion is currently projected by Kilby & Gayford to be in late May 2012, six weeks behind schedule and one day before the first move weekend of 26-27 May,” said the paper to Council.

Time is tight, with the ICE’s lease on office space in the nearby Institution of Mechanical Engineers due to expire on 23 June. “Lease termination for IMechE offices is fixed at 23 June and is unlikely to be extended by the landlord,” said the paper.


Readers' comments (5)

  • It would be interesting to learn if the unfortunate Contractor's Tender was the lowest received by ICE.

    1 am puzzled to understand why the Works at Storeys Gate were not negotiated; had this been the case, ICE'S Team of advisers would have had the opportunityto delve into the Contractors state of financial health. Surely experience has taught us that it is not always wise to accept the lowest Tender.

    From Harry Hannam. Member.

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  • Imagine the furore had the contract been awarded to *any firm other* than the one that submitted the lowest tender. The appropriate time to assess the suitability and financial health of a bidder is at the prequalification stage, not after tenders are submitted.

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  • Tony Smith

    If it is the "lowest tender syndrome" ICE should know better - an old rule - ignore the lowest and the highest and then start the tender adjuducation.

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  • Well .....

    Please see this web site

    It is all about corruption, and who is getting what from whom, and basically where the money has gone.

    The firm's holding company went into liquidation last year. It was owned by Vincent Tchenguiz and co.

    BUT there is far too much money sloshing around, so venture capitalists have pulled them out of disaster. THE prices they charge are about 50% higher than their competition.

    I mention this as a way of saying that ICE should bite the bullet, and start paying fast to get the job finished. Hiring the labour and plant on a daily basis has to be a sensible answer.

    Recriminations just don't get the job done.

    And these days appointing any contractor is associated with risks. Looking at cooked books just gives you a belly ache.

    Happy Days

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  • "Brewery fails to get pissed"

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