A new procurement process developed by the government to save time and money is being used for the first time.
Innovative Contractor Engagement (ICE) is designed to deliver ten to 20 per cent increased value to a project as part of the government's Infrastructure Cost Review to save £2-3 billion a year by 2015.
It is currently being utilised to find a contractor for upgrade works to Bank tube station in London, which will increase capacity and provide step-free access between the Northern line platforms, Docklands Light Railway and street levels.
The pre-qualified bidders in line for the work are Dragados SA, a BFK joint venture comprising BAM Nuttall, Ferrovial SA and Kier, a CVC joint venture between Costain, Vinci Grand Projects and Vinci Construction and an MBA joint venture consisting of Morgan Sindall, Balfour Beatty and Alpine Bemo Tunnelling.
David Waboso, London Underground's capital programmes director, believes ICE will deliver benefits to the 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," he said.