GALLIFORD Try has been told by advisers to only expect to retrieve around £100 million back from the problem-hit Aberdeen Western Peripheral Route (AWPR) project.
Releasing its annual accounts today (September 11), the contractor says that it has recorded £152 million of losses in total in relation to AWPR, and that the final assessed value in respect of claims under the contract is ‘over twice’ that of the £100 million figure.
The AWPR was opened this year, after being completed by Galliford Try and Balfour Beatty – with the third contractor on the project, Carillion, going bust mid-construction, causing further delays to an already postponement-hit development.
Galliford Try also posted a £7 million loss on the Queensferry Crossing job. In total, the company recorded a £62 million operating loss for the year ended June 30.
