Citadel Investment Group Chicago, IL

One of the world’s largest hedge funds was consolidating its scattered Chicago-area offices into a 250,000 sf, $46 million headquarters office in a new Chicago Loop office tower, entirely built on raised floor—including a 35,000 sf data center and trading floor operations. The project was significantly over budget due to in-stream changes, and AthenianRazak stepped in mid-construction to assist Citadel in getting the project back on track. The process focused on identifying abusive pricing on fast-paced changes, renegotiating the critical mechanical and electrical systems contracts, and evaluating costs, procedures and schedule in light of the complexity of the systems and an aggressive fast-track schedule. Sorting through the issues required understanding both the technological requirements and the development process. AthenianRazak identified some $4.3 million in excessive contractor charges and assisted Citadel in obtaining a negotiated recovery on the construction contracts.