Transparence has for a number of years assisted with the financial management of the Indigo Consortium. The Consortium consists of 4 engineering companies and 3 architectural companies which have been responsible for the implementation of the total management contracts for NAU. The consultants from Transparence have been involved in defining the economic governance structure of the Consortium, both in terms of system set-up and the related economic processes.
”With a project with a construction amount of more than DKK 4 billion, implementation time of over 10 years and 7 equal consortium members, it has been crucial from the start for the consortium that there has been a control of the financial area, and that there have been clear guidelines and transparency about how the financial management should take place – for that, we have prioritized having professional and committed people on board from the start, and the collaboration with Transparence has proven to be the right decision” – says Project Director, Lars Kirkegaard
At an early-stage Transparence developed the entire financial reporting package to be used for both the internal and external set-up. A set-up and a structure that has proven viable throughout.
When a project runs for a number of years, with a number of stakeholders, it may also be necessary at times to adjust the fundamental economic distribution between the parties. For example, the Indigo project decided at some point to implement fixed-price delivery packages for the various project partners, which required a major reassessment of the overall economy.
“A rethinking of the project structure was decided, among other things, due to the forecast projections of the overall economy presented by Transparence at a relatively early stage in the project cycle. The entire refraction of the overall economy and the new distribution was also carried out by Transparence – who throughout the process has proven worthy of our trust” – concludes Project Director, Lars Kirkegaard