Fashions come and go. Once, most construction was funded “on balance sheet” out of the employer’s own funds or by borrowing, but gradually developers looked for other ways to pay for what they needed and the old process of procurement became tangled up in the world of Project Finance.

 

We leave Project Finance to the lawyers for the lending institutions, but we cannot represent our clients without having a good understanding of what it is all about. For example, the risk profile for a project financed project is very different from one funded more conventionally.

 

Many contractors have a lot to learn about this and it is only with careful and expert examination of the whole financing package and then with focused negotiation that they can protect their position and hope to make a fair return. We have been down this road many times – from bidding and negotiation, to helping the management of claims and finally to assisting in the resolution of disputes at the end of the Contract.

 

We have lawyers who know project finance because we want to be sure that our clients are not trapped into a deal they do not understand and out of which they have little hope of benefiting.

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