Buckstay
 
buckstay
 
Claims + Risks in Key Projects

Unforeseen risks and claims can endanger entire enterprises. This is where buckstay’s specialist teams come in.

Our claims management takes over the task of defending against unjustified claims or enforcing your legitimate claims – we analyze, process issues, document, negotiate or accompany you during dispute proceedings – for a short period of time or over the course of many years.

With risk management we also bring you quickly back to the helm – through the disclosure of relevant risks, with clear prevention steps and with the crucial plan B.

For you as a decision-maker, this means that you are capable of acting at all times that you are always on an equal footing with customers and suppliers and that you see your risks with full transparency. Each buckstay team brings in specialist knowledge and experience from industrial and large-scale projects – your counterpart quickly realizes that there are no paper tigers at work here.

Claims + Risks in Key Projects

Unforeseen risks and claims can endanger entire enterprises. This is where buckstay’s specialist teams come in.

Our claims management takes over the task of defending against unjustified claims or enforcing your legitimate claims – we analyze, process issues, document, negotiate or accompany you during dispute proceedings – for a short period of time or over the course of many years.

With risk management we also bring you quickly back to the helm – through the disclosure of relevant risks, with clear prevention steps and with the crucial plan B.

For you as a decision-maker, this means that you are capable of acting at all times that you are always on an equal footing with customers and suppliers and that you see your risks with full transparency. Each buckstay team brings in specialist knowledge and experience from industrial and large-scale projects – your counterpart quickly realizes that there are no paper tigers at work here.

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Defence or enforcement of
claims in the millions

Our core task is to defend against or enforce complex claims in the millions. In the process different requirements often come into play: commercial pressure, shortages of time and personnel, language barriers, diverging expectations and no clearly defined way of resolving the situation to one’s own advantage. Our specialist teams comprehensively take on all tasks from A to Z, from case analysis to arbitration or legal proceedings.

Our teams bring in know-how from over 250 major projects related to plant engineering and construction, energy, industry and infrastructure: Project volume of up to 1 billion euros, management of more than 40 complex claim procedures, oversight of project volume of over 12 billion euros, operations in 11 different countries and jurisdictions.

Making risks tangible and
staying at the helm

Industrial large-scale projects are particularly decisive in terms of the success of companies. If projects are running well, the company is catapulted forward, but if difficulties emerge then this can threaten the existence of the company. Our specialist teams quickly analyze the situation, provide additional data sources, identify benchmarks and combine these with our own project experience. In this way risks become tangible for you. If there is no established risk management system, we will implement one so that it continues to provide you with benefits even after we have fulfilled our order. If new risks appear that require further mitigations, we will be on hand.

Our teams bring in know-how from over 250 major projects related to plant engineering and construction, energy, industry and infrastructure: Project volume of up to 1 billion euros, management of more than 40 complex claim procedures, oversight of project volume of over 12 billion euros, operations in 11 different countries and jurisdictions.

Relieving strain on
your project resources

We take on the defense against or the enforcement of your claims, and always to support your internal project employees. Especially the outside perspective, combined with our claims experience from various industries and our project management expertise ensures that your internal strengths can be focused upon the essentials: contributing project and organizational knowledge to create a powerful unit together with our experts.

Our teams bring in know-how from over 250 major projects related to plant engineering and construction, energy, industry and infrastructure: Project volume of up to 1 billion euros, management of more than 40 complex claim procedures, oversight of project volume of over 12 billion euros, operations in 11 different countries and jurisdictions.

Long-lasting improvement
in supplier relations

Particularly in industry, relationships between customers and suppliers are highly complex, mutual dependencies are strong and the risk related to quality and delivery is omnipresent. If fronts are hardened and all parties have the feeling that they can only lose, we will provide both – relief from tension and results. Our teams work on two levels: for one we ensure mutually equitable communication for all involved parties to create transparency both internally and externally Secondly, we look for commonalities and pragmatic solutions for all aspects of the conflict that are critical to success. This is how we ensure progress for the project and trust in cooperation on all sides.

Our teams bring in know-how from over 250 major projects related to plant engineering and construction, energy, industry and infrastructure: Project volume of up to 1 billion euros, management of more than 40 complex claim procedures, oversight of project volume of over 12 billion euros, operations in 11 different countries and jurisdictions.

Burden relief,
risks under control

Large-scale projects are by nature difficult to see into in a transparent manner, and uncertainty about the course of the project can put a heavy strain on the project team. In many industrial projects safeguarding is an important factor for decision-makers. Therefore, we also take on small or large parts of your contract, change or claims management, we establish risk management systems based on internationally recognized standards and, as a task force, we keep your back free if risks emerge. Hence, for you as a decision-maker, major disruptive factors are removed, so that you can concentrate on the day-to-day business and represent the success of the project.

Our teams bring in know-how from over 250 major projects related to plant engineering and construction, energy, industry and infrastructure: Project volume of up to 1 billion euros, management of more than 40 complex claim procedures, oversight of project volume of over 12 billion euros, operations in 11 different countries and jurisdictions.

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Jakob Winkelmann (left) and Carsten Hansen (right)

There’s a reason why

we’re called

Buckstay

A »buckstay« is a bracket for the boiler of a large steam generator and stabilizes it against pressure fluctuations. The company name stands for our project history from the power plant business and it reflects our self-image: we safeguard decision-makers and companies when the pressure rises in projects – this is quickly the case regarding claims and risks.

Jakob Winkelmann is a lawyer and a graduate in business administration, he studied law in Heidelberg and finance in London, and he initially completed his training as an industrial mechanic for mechanical and systems engineering at the Hamburg shipyard Blohm + Voss. In various leadership positions at Siemens, Alstom and ABB he has led teams working in Claims and Contract Management for major projects involving international plant engineering for 15 years.

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There’s a reason why

we’re called

Buckstay

A »buckstay« is a bracket for the boiler of a large steam generator and stabilizes it against pressure fluctuations.The company name stands for our project history from the power plant business and it reflects our self-image: we safeguard decision-makers and companies when the pressure rises in projects – this is quickly the case regarding claims and risks.

Read more

The Buckstay Experts and current job offers can be found here.