Latest Aberdeen bypass delay costs Galliford Try extra £20m

Aaron Morby 7 years ago
Share

Galliford Try has revealed that the latest delay to completing the Aberdeen Western Peripheral Route in Scotland will cost an extra £20m taking the total project hit to £143m.

The contractor in joint venture with only Balfour Beatty following Carillion’s collapse was due to hand the already delayed project over this autumn.

But this revised completion date has been pushed back by several months.

In a trading update, Galliford Try said the final section, including the troubled bridge over the River Don, was now expected to be completed in December owing to increased complexity and weather delays in implementing repairs to the bridge.

Sources revealed to the Enquirer that the bridge problems all come from movement with foundations early on in the project.

The final impact on Galliford Try’s financial results will be determined by the outcome of a significant claim on the project.

The board said it was pursuing constructive discussions with the client.

Otherwise the construction business and Linden Homes businesses remain on track to hit targets while the Partnerships & Regeneration is trading strongly in both mixed-tenure and contracting.

Average net debt for the year is expected to remain around £170m to £190m before any recoveries in relation to the AWPR contract.

Latest news

Hinkley contractors face prosecution over rebar mesh fall

Bouygues and Laing O'Rourke face action brought by the Office for Nuclear Regulation
15 hours ago

Farrans to build new £59m Paisley bridge

Work to start soon on transport project for Renfrewshire Council
8 hours ago

Wates inks £100m deal on first new-design prison houseblocks

HMP Onley expansion leads roll-out of new standardised design
21 hours ago

£122m deal to unlock Newcastle’s last brownfield site

Land remediation funding paves way for 2,500-home Forth Yards neighbourhood
22 hours ago

McLaren lands Heathrow logistics deal

1.6 hectare airport site to be transformed into modern warehouses
23 hours ago

McAlpine veteran to lead T&T’s project management drive

Former Olympic Stadium lead Mike O’Donnell takes lead role with focus on major capital project delivery
22 hours ago

IES snaps up Nexus Power out of administration

Utilities group strengthens expertise in 400kV jointing and offshore markets
23 hours ago

Thames Water tenders £120m water main rehab deal

Company seeks 2–5 contractors for London and South East renewal works
22 hours ago

Lower Thames Crossing to lead green planning reforms

New system to avoid another £100m HS2 bat tunnel
22 hours ago

Mace lands latest 30-storey City of London tower

85 Gracechurch Street near Leadenhall Market to be transformed
2 days ago

Vinci gets go-ahead for £250m Stockport 8 scheme

Contractor to start first phase of 435 net zero homes next year
2 days ago

£80m bid race to convert Oxford Debenhams into labs

Crown Estate advance plan to convert former six storey department store
2 days ago

Bennett steps-in to finish Guinness Covent Garden brewery

Original fit-out contractor Beck Interiors fell into administration
2 days ago

Work-to-rule set to hit Sellafield clean-up

Action by 1,500 construction workers across 34 contractors
2 days ago

Aureos breaks ground on £45m Howden Relief Road

Yorkshire road will pave way for 2,000-home scheme
2 days ago

Oxford United win green light for £150m all-electric stadium

Planners back 16,000-seat Kidlington ground with hotel, plaza and community hub
5 days ago

Demolition record as eight cooling towers come down

Watch Brown & Mason set record at Cottam Power Station
5 days ago

Hitachi Energy named for EGL3 converter station deal

Firm to build major HVDC converter stations in Aberdeenshire and West Norfolk
5 days ago

PAS NW secures landmark £20m civils deal in Lancashire

Groundworks firm wins infrastructure for 429-home Wain Homes scheme
5 days ago

Subcontractors wanted for jobs across the South West

Register now for latest Constructionline event in Bristol
5 days ago

Profits double at Octavius as road and rail work grows

Recent acquisitions add to turnover growth at infrastructure specialist
6 days ago

Quarterly construction output growth masks orders slide

New orders down by over 8% driven by fall in infrastructure and offices
6 days ago

Vinci UK swings back into profit after group restructure

£166m cash injected to strengthen building and facilities operations balance sheets
7 days ago

Staged procurement to make comeback as pricing risk bites

Developers turn to staged deals to control costs on big-ticket commercial jobs
6 days ago

McGee profit halves as project start delays hit

Revenue up 24% but profits fall on higher carry costs
6 days ago

Vistry to deliver 2,300 homes at Rugeley power station site

139-acre brownfield site has already been extensively remediated
6 days ago

Andrew Scott wins role on Swansea’s next big office build

Contractor appointed for detailed design of 800-desk city centre hub.
6 days ago

Knights Brown to start £29m Poole flood wall job

1.5km barrier to protect homes and unlock regeneration plans
6 days ago

Kier lands £16m first ECI job with Southern Water

Design deal covers nitrogen cut and UV upgrade at Hampshire wastewater sites
7 days ago

Watkin Jones seals deal on 200-bed student scheme

Bristol project will involve four brick buildings rising to seven storeys
7 days ago