More valuable info: Consortium makes 700m + waived penaltieshttps://windsorstar.com/news/local-news/gordie-howe-bridge-opening-delayed-till-2025-price-to-rise-700m#:~:text=%E2%80%9CAfter%20a%20three%2Dyear%20pandemic,on%20a%20reasonable%20adjustment%20to The federal government is waiving those penalties while taking on the cost of the extra $700-million. “In our contract, we did allow for some instances where some things could be a shared risk,” Grondin told the Star. “This would be an example of that.
“Understanding the pandemic that we’ve gone through, our contract did allow for schedule and cost risks to be shared in certain circumstances.
“So, in a circumstance such as the pandemic — something that you wouldn’t necessarily be able to plan for — our contract allowed for those circumstances to be taken under consideration.”
“After a three-year pandemic and considering the size and complexity of the Gordie Howe International Bridge project, our project team is pleased that the impact to the construction schedule is limited to only 10 months beyond the original contracted completion date and that we could agree on a reasonable adjustment to the contract value,” said bridge authority CEO Charl van Niekerk.
The process:
https://stockhouse.com/companies/bullboard/t.are/aecon-group-inc?postid=35663111
The contract:
Goldie Howe Bridge LSTK
The contract for the Goldie Howe Bridge is on this link:
https://www.gordiehoweinternationalbridge.com/sites/default/files/documents/files/Procurement/Documents/103646563-v-5-Gordie-Howe-International-Bridge-Public-Project-Agreement-and-Schedules-Consolida..-.pdf
see article 43.7 (a) sub-section (i).
And enlightening article 43.8