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:: Sunday, February 06, 2005 ::
Skanska Loss of $98.6 Million Tied to British LNG Project McGraw-Hill Construction | ENR
In a Jan. 24 announcement, Skanska attributed the write-off to "numerous engineering-related changes and delays." A significant part of the cost overrun, which only became apparent at year’s end, was the cost of working two shifts and overtime in poor weather, the company says. Some of the costs may be recoverable, Skanska adds.
Skanska dismisses head of U.S. building unit amid poor 2004 results------------------------------------------- posted 7:34 PM :: reference link ::
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