Galliford Try warns of extra costs for Aberdeen bypass

The Guardian-2 years before

Galliford Try raised £150m from shareholders this year, blaming overrun costs on its contract to build the £750m Aberdeen western peripheral route, exacerbated by Carillion’s liquidation.

raised £150m from shareholders ...8/feb/14/carillion-a-month-after-its-collapse-employees-partners-and-rivals-are-still-feeling-the-pain">exacerbated by Carillion’s liquidation It said the project, a joint venture with Balfour Beatty, was suffering “further cost pressure, principally from weather delays, which are likely to increase the exceptional charge in the current year”.

The extra cost will be less than the £25m charge it took in the previous half of the year, the company said.

But while Galliford Try increased its estimated financial hit on the project, Balfour Beatty said there was no change to its prediction of up to £120m in extra costs.

The Aberdeen bypass is not the only large public works project to face delays and cost increases as a result of Carillion’s collapse.

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