19
HS2 Ltd is seeking to renegotiate unproductive civil construction contracts for better risk allocation.
Conclusion
HS2 Ltd told us that it is now seeking to renegotiate these contracts.32 It considers that the current contracts are unproductive and that reset provides the opportunity for a fair allocation of risk and an opportunity to find different ways of commercially incentivising the outcomes that it wants, rather than the ones that it is getting at the moment.33
Government Response
A response document is linked to this report, dated 16 May 2025. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
10th Report - HS2: Update following the Northern leg cancellation
28 Feb 2025
HC 357
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.5 yrs
Report published
28 Feb 2025