Financial advice and negotiating:

Work by Price Waterhouse, and subsequently by PricewaterhouseCoopers included the following:

-  review with London Underground of the procurement options open to London Underground and detailed presentation of alternative models to Government;

-  providing input to the overall design of the PPP;

-  development of the PPP structure, including design of the Infracos and LUL interfaces;

-  supporting LUL in reorganising into four separate businesses and the preparation of information to support the bid process;

-  development of the London Underground output requirements and performance measurement regime;

-  continual updates on LUL performance and determining benchmark levels of performance;

-  review of the PFI arrangements and their interfaces with the PPP;

-  supporting negotiations with Railtrack;

-  supporting the tender process and LUL's negotiations with all bidders;

-  financial review of bids in conjunction with LUL bid evaluation team; and

-  assisting LUL with financial close and interest rate risk management.

Table 2  OTHER FIRMS USED BY LONDON UNDERGROUND

Company

Spending levels

 

Activity

Up to £100,000

 

 

 

Arnold & Boston

£20,000

 

Architects

Symonds

Over £20,000

 

Project management-Windsor House

"Mystery shopper"

£30,000

 

Setting up and testing ambience measurement

Cazaley

£30,000

 

Construction work-Windsor House

Dearle & Henderson

£50,000

 

Cost management (asset knowledge)

Aslan

Over £50,000

 

Support on engineering standards work

Kvaerner

Over £50,000

 

Engineering support (asset knowledge)

Eurica consulting

£60,000

 

Consulting

Touchstone Renard

£60,000

 

Technical review of asset data

Soil Mechanics

Over £80,000

 

Survey information

Between £100,000 and £1 million

 

 

 

Harris & Porter

Over £100,000

 

Project management-accommodation

Haswell

Over £100,000

 

Bid evaluation-technical support

Kennedy & Donkin

Over £100,000

 

Engineering support (asset knowledge)

Mellish & Lynch

Over £100,000

 

Quantity Surveyor-support on cost databases

Osprey

Over £100,000

 

Project management

Steer Davies Gleave

Over £100,000

 

Customer survey

TFPL Ltd.

Over £100,000

 

Reorganisation of deeds room, etc

William Dick Partnership

Over £100,000

 

Commercial managers-Windsor House

WS Atkins

Over £100,000

 

Eng support (asset knowledge)

Bacon & Woodrow

£150,000

 

Pensions services and advice

Nigel Rose and Partners

Over £150,000

 

Bid evaluation-quantity surveyors

Decision Focus

Over £170,000

 

Modelling early PPP structural options

Slaughter and May

Over £200,000

 

Legal services

Royal Bank of Canada/

Over £200,000

 

Advice on interest rate hedging strategy

Ernst & Young

 

 

 

Opteama

Over £200,000

 

Engineering consultants (process mapping)

Metro Consulting

Over £250,000

 

Bid evaluation-train operations

Computercenter Limited

Over £300,000

 

Computers and accessories

ITNET

Over £400,000

 

IT services

Cap Gemini

Over £400,000

 

Information technology services

AEA (and Risk Solutions)

Over £500,000

 

Design/test safety management structure

Marsh (formerly Sedgwick)

£520,000

 

Insurance services and advice

Hobley Nesbit

Over £570,000

 

Commercial/management support to H&H

PML Ltd.

Over £700,000

 

Bid preparation and checking

Field, Fisher, Waterhouse

£750,000

 

Legal advice to LRT on transfer to TfL

Over £1 million

 

 

 

Bank and legal fees

Over £1 million

 

PPP interface with Northern Line PFI deal

Richard Ellis

Over £1 million

 

Property services and advice

ICL (and others)

Over £1 million

 

IT services

Overbury

Over £1.2 million

 

Office refurbishment

Pugh Roberts (to end March 2001)

£2,200,000

 

Dynamic Simulation Modelling

KPMG

£2,400,000

 

Audit and review of Public Sector Comparator methodology

Hornagold & Hills

Over £2.5 million

 

Project management and related services

Source:

Project records provided to the NAO support the stated estimates. Precise figures could be compiled, but only after confirming the amounts with each individual firm to eliminate errors in data interpretation, such as possible double counting.

Table 3  UNSUCCESSFUL BIDDERS COSTS

£ million

Tuberail (JNP)

LINC (BCV and SSL)

Tube Lines SSL Group (SSL)

Internal costs

4.9

10.9

5.4

External costs-legal

3.7

2.0

1.2

External costs-other

2.4

6.9

1.5

Total Bid

11

19.8

8.1

Total Paid

11

14

7