Pay-off to Bond Street contractor a ‘success story’, says report

By Daniel Gayne and Jim Dunton 2022-07-29T10:11:00

Committee says £19m payment to Costain-Skanska JV saved project millions more

A £19m payment made to end a Crossrail contract in the wake of the pandemic was a “success story” for the project, according to a Greater London Authority oversight committee.

The troubled job, which was being delivered by a Costain-Skanska joint venture (CSJV), was already 18 months behind programme when the pandemic hit.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community