Compiled in April 2013 by SNC-Lavalin, the company that holds a key engineering, procurement and construction management (EPCM) contract for the hydroelectric project, it warns strongly of cost overruns and delays, with 25 of the 40 aspects of the project it examined rated as “Very High Risk.”
“The risk team reviewers have serious concerns…,” someone has underlined in the copy of the report I read.
“SNC-Lavalin, as the project’s EPCM, has the legal obligation to advise its client of any major risks that will cause prejudice to the project and which deviates significantly from its budget and schedule. … Client has limited experience in huge civil work and earth-filled dam work, power line and power station works.”
That client was Nalcor, and SNC-Lavalin was anxious to discuss its findings with Nalcor’s high-level management.
Indeed, a SNC-Lavlin spokesman confirmed the company “attempted to hand it over to Nalcor.”