The Bank and Monument tube station complex is under the centre of the City of London financial district and is the fourth busiest interchange on the Underground network. Bank is a key interchange served by six lines.
The upgrade project will, by 2021, deliver increased capacity at Bank station and a step-free route between the Northern line platforms, DLR and street levels.
The pre-qualified bidders are listed in alphabetical order:
- BFK Joint Venture (BAM Nuttall, Ferrovial SA & Kier)
- CVC Joint Venture (Costain, Vinci Grand Projets & Vinci Construction)
- Dragados SA
- MBA Joint Venture (Morgan Sindall, Balfour Beatty & Alpine Bemo Tunnelling).
LU aims to award a contract by July 2013.
LU capital programmes director David Waboso said: “We are using the new ICE procurement process for the first time with this project. This process should improve our relationship with the contractor market and get the benefits of early contractor involvement while developing major design and build contracts.”
The process has been designed to allow bidders to use their expertise and knowledge to help reduce cost and risk to the project.
Any innovation on the part of contractors will remain commercially confidential to each bidder so they retain competitive advantage in the bidding.