Reclaiming the Uncompleted Project of Another Development A-Case Studyby John P. Cross, STS Consultants Ltd, Northbrook, IL, USA,
Mark J. Sundquist, STS Consultants Ltd, Northbrook, IL, USA,
Stephen O. Schultz, STS Consultants Ltd, Northbrook, IL, USA,
Document Type: Proceeding Paper
Abstract: This paper will examine the problems encountered when a second organization assumes control of a project from an earlier developer that could not carry the project through to completion. The paper is prepared from the first hand experience of STS Consultants Ltd. and their legal counsel, Foster, Swift, Collins and Coey, P. C. The paper will be divided into four basic sections. First, the background of the project and the conditions that led to its abandonment by the initial developer are discussed. Second, an analysis of the financial implications of the assumed costs and the renegotiations that were required with the owners costs, and the renegotiations that were required with the owners of the site are presented. Third, the legal implications assuming the project are discussed. Finally, the technical aspects of implementing the designs of another engineering firm already approved in principal by the project owner, but yet modifying them for a more effective project solution from a cost, construction and operational standpoint are discussed.
Subject Headings: Legal affairs | Owners | Hydro power | Organizations | Project management | Consulting services | Financial management | Site investigation
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