HS2 launched tenders for 拢1.55bn of track work and overhead catenary systems in January 2018 but has been disappointed by the market response.
It has therefore聽 announced an industry day for 3rd September 2019 to meet potential bidders and explain the contract improvements that it plans to make.
鈥淗S2 have recognised the current market conditions are challenging and the increasing concern regarding risk transfer and have therefore revised our position to provide a better balance and overall outcome,鈥 it said.
鈥淭he industry day will provide an opportunity to re-engage with the market and outline our revised strategy which we believe will attract a larger number of bidders, reduce risk and thereby produce a more competitive process.鈥
Anyone interested in attending the event is invited to register via by noon on 21st August 2019.
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