Galliford Try dropped as preferred bidder after failure to agree terms

money cash

The National Exhibition Centre (NEC) has re-opened the race to refurbish its National Indoor Arena in Birmingham, after failing to agree commercial terms with Galliford Try.

The NEC issued an OJEU for the job this morning, which was previously valued at £18m.

Galliford Try was appointed preferred bidder last September, but the NEC confirmed it ended the contract after the two parties were “unable to reach a commercially suitable outcome”.

The notice added: “The NEC has since worked hard on the design to ensure that the scheme is affordable for the market and not relying just on market forces to bring the project on budget.

“The constraints of planning approvals and main sponsor terms for the Arena means the selection of new contractor is required without delay.”

Galliford Try is constructing an £89m extension to the NEC for client Genting UK.

The full OJEU notice is available here.