Project Recovery & Turnaround
If a project is delayed, over budget or losing control, early intervention is critical.
We assess, stabilise and support delivery to protect capital and restore direction.
We stabilise projects, rebuild control & implement structured recovery plans
When Tidewater is engaged:
If these symptoms are present, early intervention is materially cheaper than late intervention.
- Programme delays or missed milestones
- Budget overruns or funding pressure
- Contractor or delivery breakdown
- Loss of clarity in scope or execution
- Investor concern over project performance
What will Tidewater do:
- Independent project assessment
- Risk identification & prioritisation
- Delivery strategy reset
- Contractor & programme alignment
- Ongoing oversight & support
WHO THIS IS FOR
Developers and asset owners
Projects where delay, cost drift or weak coordination is putting the programme or the business case at risk.
Investors and lenders
Parties with capital in a project that is losing control and who need an independent view of what is recoverable.
Projects already in distress
Schemes in delivery where scope, cost or governance has broken down and a reset is needed.
Structured Recovery Model
Project recovery must follow a plan. We do not “jump in and start changing things.”
We stabilise, diagnose then implement.
Phase 1 Rapid Triage (5–10 Days)
Purpose: Stabilise the project. Establish the facts. Restore control.
Deliverables
- project diagnostics (scope, cost, programme, governance)
- Red / Amber / Green risk register
- Top 10 failure points identified
- Immediate containment actions (what stops, what continues)
- Recovery assessment: what is recoverable and what is not
Outcome
Clear visibility & a decision framework.
Phase 2 Recovery Plan (2–4 Weeks)
Purpose: Rebuild the project
Deliverables
- Re-baselined programme with defined critical path
- Cost-to-complete model and revised cash flow forecast
- Scope freeze & change control framework
- Procurement reset strategy (including retender if required)
- Governance reset (RACI, reporting cadence, decision gates)
- Investor / lender reporting pack
Outcome
A defensible plan that stakeholders can support.
Phase 3 Recovery Execution (Ongoing Oversight)
Purpose: Implement the plan
Deliverables
- Weekly recovery control cycle
- Action log & decision tracking
- Contractor management support
- Commercial oversight & variation control
- Structured investor & lender reporting
- Risk monitoring & mitigation tracking
Outcome
Stabilised delivery, restored confidence & measurable progress.
How Project Recovery Works
A structured approach to troubled projects
WHAT WE PROVIDE
- Independent project diagnostic
- Programme and cost rebaselining
- Governance reset
- Commercial & variation control
- Contractor performance management
- Structured reporting to investors & lenders
- Clear accountability and decision control
WHAT WE DO NOT PROVIDE
- Act as the main contractor
- Provide legal advice (we coordinate with solicitors)
- Replace statutory roles such as QS or Principal Contractor
- Guarantee outcomes or eliminate all risk
- Remove inherent market or construction risk.
HOW WE ARE ENGAGED
This ensures transparency and avoids open-ended consultancy engagements.
Detect Delivery Risk Before It Becomes Failure
Projects rarely break due to a single issue.
They fail through a combination of small, compounding problems.
Unclear scope
Cost drift
Programme slippage
Weak coordination
This assessment is designed to identify early warning indicators of weakening project control and highlight where deeper review may be warranted.
Takes 2–3 minutes
Concerned About a Live Project?
If a scheme is drifting, early intervention materially reduces downside risk.