Annual review 2010-2011 Back to home page Back to home page
  • The project involves construction of an acute care services hospital including 90 single-patient rooms, a new emergency department, diagnostic imaging and ambulatory care services including oncology, same-day surgery and dialysis.

  • As Bermuda is an island with limited local construction resources, emphasis was given to the supply chain capabilities and construction schedule, specifically material procurement. This was accentuated by a requirement to use significant local labour resources and the fact that P3 projects are fixed-price, date-certain contracts.

"We are impressed with Turner & Townsend's collaborative and proactive approach to resolving lender issues and providing solutions which are project specific. The team is responsive and able to turn things round quickly and effectively, and looks for the win/win solution. They go the extra mile to deliver a successful outcome and are always a pleasure to work with."

Sinesh Shah, Finance Manager,
Sir Robert McAlpine on behalf of Paget Health Services

 

 

Case study | King Edward VII Memorial Hospital 

The King Edward VII Memorial Hospital is the first P3 (Public Private Partnership) project to be developed using this procurement route in Bermuda. It is also a perfect illustration of the value our clients often find in our continuing strategic global expansion.

Appointed by the funders to this project as the lenders' technical advisor, our Canadian team used its experience of PPP developments in the UK, Europe and the Americas to take the project through to financial close and credit committee approval. Our team has provided all necessary advice to five banks from Europe, the US and Bermuda, on the capability of the development consortium members, on construction cost and schedule, facilities management and life cycle proposals and payment mechanisms. We are currently monitoring project delivery on behalf of the lenders throughout construction of the US$228m hospital.

 

 

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