IBI Group Inc T.IBG.DB.E

Book it! $5B Calgary green line LRT

[Calgaryrider]

A massive $$5 Billion LRT project just got approved tonight.  IBI is on the core design and execution team.  Huge fees ahead!

[Possibleidiot01]

GLOBAL News Because Stage 1 of the project is shovel-ready, details on qualifications that will be needed from companies hoping to work on the project are expected to be announced in June, and a request for proposal should be out by July 24, the city said. “Given Segment 1 will be delivered as a design build finance project, the proponent teams will be bidding on the project starting on July

[Calgaryrider]

Your post is relevant for the next stage, true, but IBI’s has had their hand in this project since almost day one on planning and development along with Hatch.  Support continues too. https://www.ibigroup.com/ibi-projects/green-line-southeast-transitway-brt-and-tod-planning/

[Possibleidiot01]

Any idea of potential amount participation might bring to the company? I would imagine there are some general industry rules about what the percentage of a project is committed to engineering. Architects tend to charge a certain percentage of a project

[Calgaryrider]

Engineering is typical 10%, where architecture is probably 1% of a project like this.  Control Systems design, operation control centres (which iBI has already done for YYc) can be another 1% or 2%z.   If they get into project management like some other Toeonto area projects it could be another 2%.  Scope is uncertain, but what is clear is that IBI is a trusted long-term