The club has appointed Rayner Rowen Construction to complete the job and is vowing to employ as many of the original subcontractors as possible
Work will now begin now to fully assess the construction programme and Rayner Rowen will work with the Liverpool FC team to produce a revised project completion programme.
The upper tier of the new stand is currently unfinished and will not be ready for the next three home games at least against West Ham United, Leicester City and Union SG.
It is anticipated that the additional capacity at Anfield will be incrementally phased in after the next three home games.
The club added: “Our thoughts are with all those employees and contractors who face uncertainty at this time.
“Working with Rayner Rowen Construction, we will seek to engage as many of Buckingham’s existing subcontractors going forward as we are reasonably able to.
“Everyone at LFC is looking forward to getting the stand completed and fully open, and we are doing everything possible to make sure that happens as quickly and safely as possible.”