Bank Station Capacity Upgrade
About this Project
London Underground (LU) is investing over £600m at Bank Underground station in order to increase capacity and meet imminent passenger demand. The project which is due for completion in 2022, includes a new ticket hall, new platforms, new interchange tunnels and step free access from street levels. In addition there will be a substantial oversite development housing a commercial office space and retail units above the station.
• Stakeholder management
• Project sponsor & strategic advice
• Development of bespoke contract award criteria
• Procurement management
• Post contract commercial management
• Responsible for circa £200m property budget
Using our extensive experience with NEC contracts and EU Procurement Regulations, RedRay developed a bespoke ITT evaluation criteria based on tangible benefits contracts could offer based on their own unique designs. The procurement method used was one of the first of its kind, the Innovative Contractor Engagement (ICE) model. Working on such a large and prestigious scheme allowed RedRay to be part of a wider project environment working collaboratively alongside several other disciplines. Our resource was also responsible for staff forecasts including over 150 personnel and for an overarching property budget of over £200m.