Cards on the table

For each open book project it takes on for office fit-outs, general contractor Tétris Polska holds around 10 to 15 tenders for subcontractor services. These small tenders (packages) are for individual stages of the work: the construction, electrical installations, the furnishing, etc. Importantly, the investors for whom the office is prepared have total access to the contracts and bookkeeping documents related to the process, and they even have an influence on how it is conducted. “This is probably the most transparent investment process around. The investor not only knows what the final cost consists of but also has a word to say about the choice of contractors,” explains Rajmund Węgrzynek, the managing director of Tétris Polska. Remedy for disputes “Open book is a formula that has worked well globally,” claims Piotr Kunicki, a senior associate of law firm K&L Gates. He cites as an example the renovation of a number of stations on the Londo